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RBI Master Direction Overview

Master Directions

The Reserve Bank of India has started issuing Master Directions on all regulatory matters beginning January 2016. The Master Directions consolidate instructions on rules and regulations framed by the Reserve Bank under various Acts including banking issues and foreign exchange transactions.

The process of issuing Master Directions involves issuing one Master Direction for each subject matter covering all instructions on that subject. Any change in the rules, regulation or policy is communicated during the year by way of circulars/press releases. The Master Directions will be updated suitably and simultaneously whenever there is a change in the rules/regulations or there is a change in the policy. All the changes will get reflected in the Master Directions available on the RBI website along with the dates on which changes are made.

Explanations of rules and regulations will be issued by way of Frequently Asked Questions (FAQs) after issue of the Master Directions in easy to understand language wherever necessary. The existing set of Master Circulars issued on various subjects will stand withdrawn with the issue of the Master Direction on the subject.

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Master Directions

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ಜನವರಿ 04, 2016
updated: 16 Sep, 2024
Master Direction - Reporting under Foreign Exchange Management Act, 1999 (Updated as on September 16, 2024)

RBI/FED/2015-16/13 FED Master Direction No.18/2015-16 January 1, 2016 (Updated as on June 20, 2024*) (Updated as on May 12, 2023*) (Updated as on September 30, 2022*) (Updated as on August 22, 2022*) (Updated as on June 09, 2022*) (Updated as on June 08, 2021*) (Updated as on September 18, 2019*) (Updated as on July 10, 2019*) (Updated as on July 9, 2019*) (Updated as on April 4, 2019*) (Updated as on November 20, 2018*) (Updated as on August 01, 2018*) (Updated as on April 26, 2018*) (Updated as on April 12, 2018*) (Updated as on March 16, 2018*) (Updated as on February 02, 2018*) (Updated as on January 24, 2018*) (Updated as on December 20, 2017*) (Updated as on December 14, 2017*) (Updated as on May 15, 2017*) (Updated as on September 19, 2016*) (Updated as on July 07, 2016*) (Updated as on June 13, 2016*) (Updated as on May 24, 2016*) (Updated as on May 18, 2016*) (Updated as on May 5, 2016*) (Updated as on April 13, 2016*) (Updated as on March 23, 2016*) (Updated as on February 11, 2016*) To, All Authorised Persons Madam/ Sir, Master Direction – Reporting under Foreign Exchange Management Act, 1999 Foreign Exchange Management Act, 1999 (FEMA) is administered through the authorised persons and is based on the declarations and averments made to them by persons while undertaking the transactions.

RBI/FED/2015-16/13 FED Master Direction No.18/2015-16 January 1, 2016 (Updated as on June 20, 2024*) (Updated as on May 12, 2023*) (Updated as on September 30, 2022*) (Updated as on August 22, 2022*) (Updated as on June 09, 2022*) (Updated as on June 08, 2021*) (Updated as on September 18, 2019*) (Updated as on July 10, 2019*) (Updated as on July 9, 2019*) (Updated as on April 4, 2019*) (Updated as on November 20, 2018*) (Updated as on August 01, 2018*) (Updated as on April 26, 2018*) (Updated as on April 12, 2018*) (Updated as on March 16, 2018*) (Updated as on February 02, 2018*) (Updated as on January 24, 2018*) (Updated as on December 20, 2017*) (Updated as on December 14, 2017*) (Updated as on May 15, 2017*) (Updated as on September 19, 2016*) (Updated as on July 07, 2016*) (Updated as on June 13, 2016*) (Updated as on May 24, 2016*) (Updated as on May 18, 2016*) (Updated as on May 5, 2016*) (Updated as on April 13, 2016*) (Updated as on March 23, 2016*) (Updated as on February 11, 2016*) To, All Authorised Persons Madam/ Sir, Master Direction – Reporting under Foreign Exchange Management Act, 1999 Foreign Exchange Management Act, 1999 (FEMA) is administered through the authorised persons and is based on the declarations and averments made to them by persons while undertaking the transactions.

ಜನವರಿ 04, 2016
updated: 29 Aug, 2024
Master Direction - Import of Goods and Services (Updated as on August 29, 2024)

RBI/FED/2016-17/12 FED Master Direction No. 17/2016-17 January 1, 2016 (Updated as on August 29, 2024) (Updated as on March 01, 2024) (Updated as on November 21, 2022) (Updated as on May 31, 2022) (Updated as on January 06, 2022) (Updated as on December 07, 2021) (Updated as on October 28, 2020) (Updated as on January 27, 2020) (Updated as on April 01, 2019) (Updated as on February 02, 2018) (Updated as on January 12, 2017) (Updated as on October 20, 2016) (Updated as on March 31, 2016) (Updated as on February 04, 2016) To All Authorised Dealer Category - I banks Madam / Dear Sir, Master Direction - Import of Goods and Services Import of Goods and Services into India is being allowed in terms of Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current Account Transaction) Rules, 2000. These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications.

RBI/FED/2016-17/12 FED Master Direction No. 17/2016-17 January 1, 2016 (Updated as on August 29, 2024) (Updated as on March 01, 2024) (Updated as on November 21, 2022) (Updated as on May 31, 2022) (Updated as on January 06, 2022) (Updated as on December 07, 2021) (Updated as on October 28, 2020) (Updated as on January 27, 2020) (Updated as on April 01, 2019) (Updated as on February 02, 2018) (Updated as on January 12, 2017) (Updated as on October 20, 2016) (Updated as on March 31, 2016) (Updated as on February 04, 2016) To All Authorised Dealer Category - I banks Madam / Dear Sir, Master Direction - Import of Goods and Services Import of Goods and Services into India is being allowed in terms of Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current Account Transaction) Rules, 2000. These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications.

ಜನವರಿ 04, 2016
updated: 23 Mar, 2016
Master Direction - Export of Goods and Services (Updated as on March 23, 2016)

RBI/FED/2015-16/11FED Master Direction No. 16/2015-16 January 1, 2016 (Updated as on March 23, 2016) (Updated as on March 03, 2016) (Updated as on February 11, 2016*) To, All Authorised Dealer Category – I banks and Authorised Banks Madam / Sir, Master Direction – Export of Goods and Services Export of Goods and Services from India is governed by clause (a) of sub-section (1) and sub-section (3) of Section 7 of the Foreign Exchange Management Act 1999 (42 of 1999), re

RBI/FED/2015-16/11FED Master Direction No. 16/2015-16 January 1, 2016 (Updated as on March 23, 2016) (Updated as on March 03, 2016) (Updated as on February 11, 2016*) To, All Authorised Dealer Category – I banks and Authorised Banks Madam / Sir, Master Direction – Export of Goods and Services Export of Goods and Services from India is governed by clause (a) of sub-section (1) and sub-section (3) of Section 7 of the Foreign Exchange Management Act 1999 (42 of 1999), re

ಜನವರಿ 04, 2016
updated: 24 May, 2022
Master Direction- Compounding of Contraventions under FEMA, 1999 (Updated as on May 24, 2022)
RBI/FED/2015-16/1 FED Master Direction No.4/2015-16 January 1, 2016 (Updated as on May 24, 2022) (Updated as on January 04, 2021) (Updated as on April 04, 2019) (Updated as on September 19, 2018) (Updated as on December 22, 2017) (Updated a
RBI/FED/2015-16/1 FED Master Direction No.4/2015-16 January 1, 2016 (Updated as on May 24, 2022) (Updated as on January 04, 2021) (Updated as on April 04, 2019) (Updated as on September 19, 2018) (Updated as on December 22, 2017) (Updated a
ಜನವರಿ 04, 2016
updated: 9 Jan, 2020
Master Direction - Deposits and Accounts (Updated as on January 9, 2020)

RBI/FED/2015-16/9 FED Master Direction No. 14/2015-16 January 1, 2016 (Updated as on January 09, 2020*) To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction - Deposits and Accounts Opening, holding

RBI/FED/2015-16/9 FED Master Direction No. 14/2015-16 January 1, 2016 (Updated as on January 09, 2020*) To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction - Deposits and Accounts Opening, holding

ಜನವರಿ 04, 2016
updated: 29 Aug, 2024
Master Direction - Export of Goods and Services (Updated as on August 29, 2024)

RBI/FED/2015-16/11 FED Master Direction No. 16/2015-16 January 1, 2016 (Updated as on November 22, 2022) (Updated as on January 08, 2021) (Updated as on October 19, 2020) (Updated as on January 12, 2018) (Updated as on November 16, 2017) (U

RBI/FED/2015-16/11 FED Master Direction No. 16/2015-16 January 1, 2016 (Updated as on November 22, 2022) (Updated as on January 08, 2021) (Updated as on October 19, 2020) (Updated as on January 12, 2018) (Updated as on November 16, 2017) (U

ಜನವರಿ 04, 2016
updated: 29 May, 2024
Master Direction - Money Changing Activities (Updated as on May 29, 2024 )

RBI/FED/2015-16/17 FED Master Direction No.3/2015-16 January 1, 2016 (Updated as on May 29, 2024) (Updated as on February 29, 2024) (Updated as on March 4, 2022) (Updated as on March 29, 2019)* To All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction - Money Changing Activities

RBI/FED/2015-16/17 FED Master Direction No.3/2015-16 January 1, 2016 (Updated as on May 29, 2024) (Updated as on February 29, 2024) (Updated as on March 4, 2022) (Updated as on March 29, 2019)* To All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction - Money Changing Activities

ಜನವರಿ 01, 2016
Master Direction - Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad

RBI/FED/2015-16/10 FED Master Direction No. 15/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Dear Sir, Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad are being allowed, in terms of clause (a) of sub-section (3) of section 6 of the Foreign Exchange Management Ac

RBI/FED/2015-16/10 FED Master Direction No. 15/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Dear Sir, Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad are being allowed, in terms of clause (a) of sub-section (3) of section 6 of the Foreign Exchange Management Ac

ನವೆಂ 19, 2015
Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015
RBI/2015-16/240Master Direction No.DBR.PSBD.No.56/16.13.100/2015-16 November 19, 2015 Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949 and pursuant to the Section 12B of the Banking Regulation Act, 1949 as amended by Banking Amendment Act 2012, the Reserve Bank of India being satisfied that it is necessary and expedient in t
RBI/2015-16/240Master Direction No.DBR.PSBD.No.56/16.13.100/2015-16 November 19, 2015 Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949 and pursuant to the Section 12B of the Banking Regulation Act, 1949 as amended by Banking Amendment Act 2012, the Reserve Bank of India being satisfied that it is necessary and expedient in t

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ಪೇಜ್ ಕೊನೆಯದಾಗಿ ಅಪ್ಡೇಟ್ ಆದ ದಿನಾಂಕ: ನವೆಂಬರ್ 07, 2024