RBI/FED/2017-18/3 FED Master Direction No. 7/2015-16 January 1, 2016 (Updated as on September 06, 2024) (Updated as on December 22, 2023) (Updated as on August 24, 2022) (Updated as on August 23, 2022) (Updated as on June 20, 2018) (Updated as on August 02, 2017) (Updated as on April 12, 2017) (Updated as on February 11, 2016*) To, All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction - Liberalised Remittance Scheme (LRS) The captioned Scheme was introduced on February 4, 2004, vide A.P. (DIR Series) Circular No. 64 dated February 4, 2004 read with GoI Notification G.S.R. No.207(E) dated March 23, 2004, as a liberalization measure to facilitate resident individuals to remit funds abroad for permitted current or capital account transactions or combination of both. These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications.

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/2015-16/11FED 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/2015-16/9 FED Master Direction No.14/2015-16 January 1, 2016 (Updated as on January 16, 2025) (Updated as on January 9, 2020*) To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction - Deposits and Accounts Opening, holding and maintaining foreign currency accounts by a person resident in India is regulated in terms of section 9 of the Foreign Exchange Management Act, 1999 (FEMA) read with Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 issued vide Notification No. FEMA 10(R)/2015-RB dated January 21, 2016. Maintenance of deposits/ accounts between a person resident in India and a person resident outside India is regulated in terms of sub-section (3) of section 6 of the Foreign Exchange Management Act, 1999 (FEMA) read with Foreign Exchange Management (Deposit) Regulations, 2016 issued vide Notification No. FEMA 5(R)/2016-RB dated April 1, 2016. These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications.

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/2015-16/11 FED Master Direction No. 16/2015-16 January 1, 2016 (Updated as on January 16, 2025) (Updated as on August 29, 2024) (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) (Updated as on September 15, 2017) (Updated as on May 26, 2016) (Updated as on May 12, 2016) To,