Foreign Exchange Management (Deposit) (Fifth Amendment) Regulations, 2025

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....gulations, 2025 Notification No. FEMA 5(R)(5)/2025-RB.-In exercise of the powers conferred by sub-section (2) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Deposit) Regulations, 2016 (Notification No. FEMA 5 (R) /2016-RB dated April 01, 2016) (h....

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....ons, between repatriable Rupee accounts maintained in accordance with these regulations is permitted." 4. In the principal regulations in schedule 4, the existing paragraph 1 shall be substituted by the following namely:- "A person resident outside India, having business interest in India, may open a Special Non-Resident Rupee Account (SNRR account), with an authorised dealer in India ....

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.... namely:- "The tenure of the SNRR account shall be concurrent to the tenure of the contract / period of operation / the business of the account holder." 7. In the principal regulations, within paragraphs 9, 11 and 12 of schedule 4, after the words "SNRR account" the words "in India" shall be inserted. 8. In the principal regulations, within paragraph 13 of schedule 4, after the word....