PREVIOUS
✖
FEMA Regulations Update 2025
January 22 , 2025
8 hrs 0 min
13
0
- The RBI in collaboration with the central government, has reviewed the current regulations under Foreign Exchange Management Act, 1999
- It aims to promote cross-border transactions in rupees and other local or national currencies.
- The Authorised dealer banks' overseas branches can now open INR accounts for residents outside India.
- It is facilitating the settlement of all permissible current and capital account transactions with residents in India.
- Residents outside India can use the balances in their repatriable INR accounts, to settle legitimate transactions with other non-resident individuals.
- Residents outside India can use their repatriable INR account balances for foreign investments, including Foreign Direct Investment (FDI) in non-debt instruments.
- Indian exporters are now allowed to open foreign currency accounts abroad to settle trade transactions, receive export proceeds, and use those funds to pay for imports.
Leave a Reply
Your Comment is awaiting moderation.