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          FEMA

          Whether balances can be transferred from Special Rupee Vostro Account (SRVA)?

          International Trade Settlement in Indian Rupees (INR) - As on Dec 01, 2022

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          Special Rupee Vostro Account transfers allowed only between same-country SRVAs; one-way transfers to Rupee Vostro permitted. Balances in a Special Rupee Vostro Account (SRVA) may be transferred only to an SRVA of another bank in the same country; transfers from an SRVA to a Rupee Vostro account of the same country are permitted, but transfers from a Rupee Vostro account to an SRVA are not permitted.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Special Rupee Vostro Account transfers allowed only between same-country SRVAs; one-way transfers to Rupee Vostro permitted.

                                  Balances in a Special Rupee Vostro Account (SRVA) may be transferred only to an SRVA of another bank in the same country; transfers from an SRVA to a Rupee Vostro account of the same country are permitted, but transfers from a Rupee Vostro account to an SRVA are not permitted.


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