Summary
- The Reserve Bank of India has amended the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019, via Notification No. FEMA. 395(4)/2026-RB dated June 13, 2026.
- The amendments focus on payment and remittance provisions for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs), mandating designated repatriable rupee accounts for eligible investments.
- Key updates include clarified payment options for National Pension System subscriptions and new reporting requirements for equity purchases by foreign investors through Form LEC (IFI).
- These changes could significantly impact how NRIs and OCIs engage with Indian financial markets, enhancing regulatory compliance and
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