https://www.taxtmi.com/article/detailed?id=14811 A Special Rupee Vostro Account (SRVA) is a Vostro account maintained by an Indian bank for a foreign bank to settle international trade transactions in Indian Rupees. Governed by FEMA and regulated by the RBI, SRVAs require prior RBI approval, are limited to bona fide trade-related and permitted current and capital account uses, and must comply with reporting and operational directions under amended FEMA regulations and RBI circulars to prevent speculative or illicit transactions. en-us Wed, 16 Jul 2025 08:19:18 +0530 Wed, 16 Jul 2025 08:19:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14811 A Special Rupee Vostro Account (SRVA) is a Vostro account maintained by an Indian bank for a foreign bank to settle international trade transactions in Indian Rupees. Governed by FEMA and regulated by the RBI, SRVAs require prior RBI approval, are limited to bona fide trade-related and permitted current and capital account uses, and must comply with reporting and operational directions under amended FEMA regulations and RBI circulars to prevent speculative or illicit transactions. Articles FEMA - Foreign Exchange Management Wed, 16 Jul 2025 08:19:18 +0530 https://www.taxtmi.com/article/detailed?id=14811