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of <h1>RBI Amends Foreign Exchange Regulations 2025: Key Changes to SNRR Accounts and Transfer Rules Under FEMA 1999.</h1> The Reserve Bank of India has issued the Foreign Exchange Management (Deposit) (Fifth Amendment) Regulations, 2025, amending the 2016 regulations under the Foreign Exchange Management Act, 1999. Key changes include allowing transfers between repatriable Rupee accounts for bona fide transactions, permitting non-residents with Indian business interests to open Special Non-Resident Rupee Accounts (SNRR) with authorized dealers in or outside India, and specifying that the tenure of SNRR accounts aligns with the contract or business period. Additionally, terminologies have been updated for clarity, such as replacing 'Indian bank' with 'a bank' in relevant sections. These amendments take effect upon publication in the Official Gazette.
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