Special Rupee Vostro Accounts (SRVAs)

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....ment in Indian Rupees (INR): A.P. (DIR Series) Circular No. 10 dated July 11, 2022, Circular No. 08 dated November 17, 2023, Circular No. 11 dated June 11, 2024, A.P. (DIR Series) Circular No. 08 dated August 05, 2025, and A.P. (DIR Series)  Circular No. 14 dated October 03, 2025. 2. On a review, it has been decided to consolidate and rationalise the instructions contained in above referre....

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.... for settlement of export/import transactions. 5. SRVA may be funded by way of inward remittances or transfer from other repatriable INR accounts in terms of Foreign Exchange Management (Deposit) Regulations, 2016. The proceeds accrued through permissible current and capital account transactions under FEMA can also be held in the SRVA. 6. Investments in debt instruments out of the balances h....

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....ge Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (N. Senthil Kumar) Chief General Manage Annex - List of changes/consolidation undertaken in the present circular dated July 17, 2026 Sl. No. A.P. (DIR Series) Circular No. 10 dated July 11, 2022 Corresponding para of this cir....