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The RBI has updated FEMA guidelines regarding foreign currency holdings. Individuals can now hold unlimited foreign coins and up to $2,000 in foreign currency notes acquired through travel or gift.

RBI Revises FEMA Guidelines on Holding Foreign Currency and Assets Abroad

News

The Reserve Bank of India (RBI) on Friday has imposed a monetary penalty on five Indian Banks for lapse of regulatory compliance.

RBI Imposes Penalty of Rs. 2.206 Cr on 5 major banks for Lack of Regulatory Compliance

The Reserve Bank of India (RBI) has released updated guidelines for ATM transaction charges. These revised charges will be made effective from May 01, 2025.

RBI Guidelines Alert: ATM Transaction Charges to Rise from May 1

Customers who regularly withdraw money from ATM will have to pay a higher transaction fee from May 1, 2025

New RBI Guidelines: ATM Withdrawal Charges Set to Rise From May 1

RBI had earlier issued guidelines on the Foreign Currency Possession and Assets Held Abroad (2015 Regulations), which govern how Indian residents and authorised entities can hold foreign currency under FEMA, 1999.

RBI FEMA Guidelines on Foreign Currency Possession and Assets Held Abroad (2015 Regulations)

Official Notification for Indian Overseas Bank

Official Notification for Indian Bank

Official Notification for Mahindra and Mahindra Financial Services Limited

RBI has imposed monetary penalties on Indian Overseas Bank, Indian Bank, and Mahindra and Mahindra Financial Services for non-compliance with regulatory guidelines.

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RBI Revises FEMA Guidelines on Holding Foreign Currency and Assets Abroad

RBI Imposes Penalty of Rs. 2.206 Cr on 5 major banks for Lack of Regulatory Compliance

RBI Guidelines Alert: ATM Transaction Charges to Rise from May 1

New RBI Guidelines: ATM Withdrawal Charges Set to Rise From May 1

RBI FEMA Guidelines on Foreign Currency Possession and Assets Held Abroad (2015 Regulations)

RBI Levies Penalty of Rs. 29630000 on Mahindra and Mahindra, IOB and Indian Bank