The Reserve Bank of India (RBI) on January 12, 2025, issued the Master Direction - Export of Goods and Services updated on January 12, 2026.
The following has been stated namely: -
• C.29 has been Omitted.
• For issuance of guarantees, AD Banks may be guided by Foreign Exchange Management (Guarantees) Regulations, 2026.
• Under the International Trade Settlement in Indian Rupees (INR), point (g) has been amended to state: -
“Issue of Bank Guarantee for trade transactions, undertaken through this arrangement, is permitted subject to adherence to provisions of Foreign Exchange Management (Guarantees) Regulations, 202614, as amended from time to time and the provisions of Master Direction on Guarantees & Co-acceptances.”
[Notification No. RBI/FED/2015-16/11]
