Cross-border currency movement to Nepal and Bhutan permits specified Indian notes and local currencies with Rs.25,000 limit.
The substituted Regulation 8 permits persons not being citizens of Pakistan or Bangladesh to take or bring Indian currency notes to or from Nepal and Bhutan, prohibits notes above Rs.100 except that individual travellers may carry higher-denomination Indian notes up to Rs.25,000, and permits movement of Nepalese and Bhutanese currency notes; the amendment takes effect on publication in the Official Gazette.

Foreign exchange export regulations extend filing and validity timelines to fifteen months and three years respectively.
The Reserve Bank of India amends the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 to extend specified timelines: Regulation 9's referenced period is increased from nine months to fifteen months, and Regulation 15's referenced periods are increased from one year to three years in the listed sub regulations and proviso, with the amendment taking effect upon publication in the Official Gazette.

Cross-border trade financing permits authorised dealer banks to extend Indian Rupee loans to eligible residents and banks in neighbouring jurisdictions.
Authorised dealer banks may lend in Indian Rupees to persons resident outside India who are residents of Bhutan, Nepal or Sri Lanka, including banks in those jurisdictions, for cross-border trade transactions. This additional lending permission is inserted into the framework governing lending in Indian Rupees by persons resident in India and takes effect from notification in the Official Gazette.

Export Foreign Currency Accounts gain extended IFSC fund utilisation timelines while preserving export realisation and repatriation requirements.
Exporters resident in India may maintain Foreign Currency Accounts with banks outside India for full export proceeds and advance export remittances. Funds may be used for imports into India or repatriated after adjustment of forward commitments. Accounts maintained with banks in an International Financial Services Centre allow utilisation or repatriation by the end of three months from receipt, while accounts in other jurisdictions require action by the end of the following month. Export realisation and repatriation requirements continue to apply, and accounts permitted outside India may also be opened in an IFSC.

Rupee account investment permission allows eligible non-residents to trade specified Indian debt instruments using account-held funds.
Persons resident outside India maintaining a rupee account under regulation 7(1) of the Foreign Exchange Management (Deposit) Regulations, 2016 may purchase or sell dated Government securities, treasury bills, non-convertible debentures or bonds, and commercial papers issued by an Indian company, subject to specified terms and conditions. Consideration for purchases must be paid exclusively from funds held in the relevant rupee account.

Export of offshore support vessels permitted under amended FEMA regulations, subject to mandatory re-import into India.
The 2025 amendment inserts a new sub regulation after regulation 4(c) to include tugs or tug boats, dredgers and vessels used for providing offshore support services within the export regulations, on the condition that such vessels are re imported into India; the amendment takes effect upon publication in the Official Gazette.

Bonus share issuance to non-resident shareholders allowed despite FDI prohibition, subject to unchanged shareholding pattern.
An amendment permits Indian companies in sectors closed to foreign direct investment to issue bonus shares to pre-existing non-resident shareholders provided such issuance does not change those shareholders' proportionate shareholding; bonus shares issued before commencement are deemed to have been issued in conformity with the then-applicable foreign exchange regulations.

Foreign contribution compliance: enhanced documentation and project-level financial disclosures required for registration, prior permission and renewal.
Amendments require enhanced documentary annexures across registration, prior permission and renewal: three years of audited financial statements, activity-wise expenditure certificates by a chartered accountant where needed, year-wise activity reports, Proforma "AA" affidavits, publication-related undertakings and certified bank statements after expiry or cancellation; prior-permission must add donor commitment letters, detailed project expense breakups with caps on administrative costs, a chief functionary compliance letter and an undertaking to follow FATF Good Practice Guidelines; reporting and change-intimation forms require project/location-wise asset disclosures, CA certification of receipt and utilisation, authority approvals and governing body resolutions.

Foreign currency account duration extended for Diamond Dollar accounts, increasing the required period in the application form.
The Reserve Bank of India amends Schedule II of the principal regulations by substituting the words and figures "2 Years" with the words "Three Years" in the first paragraph of the Annex titled 'Application For Opening Diamond Dollar Account/s', effective from publication in the Official Gazette.

Foreign currency account regulations amended to substitute specified serial entries, correcting the earlier notification's schedule alignment.
Corrigendum substitutes schedule serial entries in the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India)(Fourth Amendment) Regulations, 2024 by directing that previously listed SL No. 4, 5 & 6 be read as SL No. 1, 2 & 3, thereby correcting the published notification's schedule alignment.

Cross-border payments through ACU mechanism allowed between participant-country residents subject to prescribed directions; other transactions follow alternate payment rules.
Regulation 3 is amended to allow payments between residents of ACU participant countries (excluding Nepal and Bhutan) to be made through the ACU mechanism or pursuant to prescribed directions to authorised dealers; all other transactions must follow the alternative receipt and payment methods specified in the regulation. The amendment takes effect on publication in the Official Gazette under the Reserve Bank's statutory authority.

Repatriable Rupee account transfers are permitted for bona fide transactions, while SNRR accounts gain expanded cross-border operating access.
Transfers for all bona fide transactions between repatriable Rupee accounts maintained under the deposit regulations are permitted. A person resident outside India with business interest in India may open a Special Non-Resident Rupee Account with an authorised dealer in India or its branch outside India for permissible current and capital account transactions with Indian residents and transactions with persons resident outside India. An International Financial Services Centre unit may maintain such an account with an authorised dealer in India outside the IFSC for business-related transactions outside the IFSC.

Foreign investment payment rules expand permitted accounts, prescribe issuance refunds, and recognize rupee vostro channels for non-debt instruments.
Permitted payment and remittance arrangements for non-debt investments are revised. Equity investment consideration may be received through inward remittances or eligible repatriable accounts, with equity instruments required to be issued within 60 days and unutilised consideration refunded within 15 days thereafter. Foreign Portfolio Investors, Foreign Venture Capital Investors, LLP investors, investment-vehicle investors and eligible Indian Depository Receipt investors may use specified foreign currency, Rupee or Special Non-Resident Rupee accounts. Banking channels include permitted Rupee Vostro Accounts, including Special Rupee Vostro Accounts.

Foreign currency accounts for exporters permit overseas export receipt management subject to import use, repatriation, and export compliance.
Exporters may open, hold and maintain foreign currency accounts with banks outside India for receiving full export value and advance remittances relating to exports of goods or services. Funds may be used for import payments into India or repatriated by the end of the month following receipt, after adjustment for forward commitments. Applicable export-proceeds realisation and repatriation requirements continue to apply.