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of <h1>RBI Amends Foreign Exchange Regulations to Streamline Payments for Non-Resident Investments in India Effective June 2020.</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019. Effective from June 15, 2020, these amendments modify payment and remittance procedures for foreign portfolio investors and investments by non-residents in Indian investment vehicles. Payments can be made via inward remittance, foreign currency accounts, or Special Non-Resident Rupee (SNRR) accounts as per the 2016 Deposit Regulations. Sale proceeds can be remitted outside India or credited to specified accounts. These changes aim to streamline foreign investment transactions under the specified schedules.
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