Foreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lations, 2026 F. No. FEMA 5(R)(6)/2026-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) (hereinafter re....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rson resident outside India may open, hold and maintain with an authorised dealer in India or its branch outside India (including in an IFSC in India), a Special Non-Resident Rupee Account (SNRR account), specified in Schedule 4." 4. In the principal regulations, in Schedule 1, in paragraph 3, after clause (j), the following shall be inserted namely:- "(k) Transfer from NRO account wit....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t and capital account transactions with a person resident in India in accordance with the rules and regulations framed under the Act, and for putting through any bona fide transaction with a person resident outside India. 7. In the principal regulations, in Schedule 4, the existing paragraphs 2,5,6,7,8 shall be deleted. 8. In the principal regulations, in Schedule 4, the existing paragraph 1....