Fema / RBI
Log in to FollowRBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ
Liberalised Remittance Scheme (LRS) for Residents – FAQs
Round Tripping Provisions under New ODI Rules
UPI is Free or Chargeable
NBFC (Non-Banking Financial company) – Registration & Classification
Rupay credit cards- a new initiative
Background & Applicability of Legal Entity Identifier (LEI) for Borrowers – FAQs
RBI kept policy repo rate unchanged at 6.50 per cent
APConnect – Online application for Full Fledged Money Changers and non-bank Authorised Dealers Category-II
Sector wise Entry routes and Equity Caps for FDI
RBI Master Direction on Framework of Incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests
Master Circular: Scheme of Penalties for bank branches including Currency Chests
Master Direction on Penal Provisions in reporting of transactions/ balances at Currency Chests
Master Direction: Detection & Impounding of Counterfeit Notes
RBI Master Direction – Facility for Exchange of Notes and Coins
Latest RBI / FEMA News
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The RBI (Reserve Bank of India) is India’s Apex bank which governs the banking regulations in the country and controls all the monetary policies of the country. It began its operations 1st of April 1935 at the time of British Rule as per the provisions laid down in the Reserve Bank of India Act, 1934. After India’s independence on 15th August 1947, the Reserve Bank of India was nationalized on 1st January 1949.
Reserve Bank of India is an independent monetary authority that regulates banks and offers important financial services such as controlling inflation, maintaining foreign exchange reserves, and providing monetary policy report. It plays a significant role in developing strategies of the Indian Government.
The FEMA Act (Foreign Exchange Management Act) is an Act constituted by the Indian Parliament for consolidating and amending the law related to foreign exchange for facilitating the external trade and payments and also for encouraging orderly maintenance and development of foreign exchange market in the country. This act was passed in the year 1999 during the winter session which replaced the previous Foreign Exchange Regulation Act (FERA). The FEMA Regulations makes offenses with respect to foreign exchange civil offenses.This Act extends and is applicable for the entire nation. FEMA Act allowed a new regime for foreign exchange management that is consistent with the World Trade Organization’s emerging framework.
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