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<h1>Overseas Direct Investment rules permit residents to invest abroad under automatic or approval routes with specified reporting and compliance.</h1> Consolidated RBI Master Circular regulates resident direct investments abroad in JVs/WOS under two routes: the Automatic Route (permitted within prescribed ceilings and conditions) and the Approval Route (for other cases). It defines components of total financial commitment, funding methods, valuation and reporting obligations through Form ODI and Unique Identification Numbers, prescribes sectoral restrictions and additional conditions for financial sector investments, permits certain guarantees and charges within limits, and requires designated AD Category I branches to ensure documentation, online reporting, and submission of Annual Performance Reports.