The Reserve Bank of India today issued the circular on Guidelines to facilitate faster cross-border inward payments. The RBI had issued a draft circular on the subject on October 29, 2025, seeking feedback from stakeholders. Feedback received on the draft circular has been examined and consequent modifications have been suitably incorporated in the final circular. Statement on the major feedback received on the draft circular is provided in the Annex. This circular is intended to address certain frictions identified in inward cross-border payments to facilitate the timely intimation of payment information and crediting of funds to the beneficiary’s account. (Brij Raj)
Chief General Manager Press Release: 2026-2027/56 |
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