RBI/FED/2025-26/98, A.P. (DIR Series) Circular. No 15/2025-26, dated November 24, 2025, addresses amendments to directions concerning the compounding of contraventions under FEMA, 1999. It draws attention to the Master Directions on compounding of contraventions under FEMA, 1999, dated April 22, 2025. To streamline the receipt of the compounding application fee and compounding amount, the account details for receiving payments via NEFT/RTGS have been changed. Annexure I of the Master Directions has been modified to reflect the revised account details. All Authorised Persons are requested to bring the circular's guidelines to the notice of their constituents. The directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). Contact Foreign Exchange Department, Central Office, Central Office Building., Shahid Bhagat Singh Road, Fort, Mumbai-400 001, India, Telephone Number 022-22601000, Email: helpfed@rbi.org.in for more information.
Key Entities Referenced
Foreign Exchange Management Act, 1999: The primary law under which the directions are issued, related to compounding contraventions.
Master Directions on compounding of contraventions under FEMA, 1999: The core policy document being amended, outlining the compounding process for contraventions under FEMA.
Reserve Bank of India: The issuer of the circular and the regulator responsible for implementing the Foreign Exchange Management Act, 1999.
Annexure I: An attachment to the master directions, modified to include revised account details.
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
www.rbi.org.in
RBI/FED/2025-26/98
A.P. (DIR Series) Circular. No 15/2025-26 November 24, 2025
To,
All Authorised Persons
Madam / Sir,
Amendments to Directions - Compounding of Contraventions under FEMA, 1999
Attention of Authorised Persons is invited to Master Directions on compounding of
contraventions under FEMA, 1999, dated April 22, 2025.
2. In order to streamline the receipt of compounding application fee and ‘sum for which
a contravention is compounded’ (‘compounding amount’), it has been decided to
change the account details of account where compounding application fee and
compounding amount will be received through National Electronic Fund Transfer
(NEFT), Real Time Gross Settlement (RTGS). Accordingly, Annexure I of the aforesaid
Master Directions has been modified to include the revised account details.
3. All Authorised Persons may bring the guidelines contained in this circular to the
notice of their constituents.
4. The directions contained in this circular have been issued under sections 10(4) and
11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without
prejudice to permissions/approval, if any, required under any other law.
Yours faithfully,
(Dr. Aditya Gaiha)
Chief General Manager in Charge
विदेशी मुद्रा विभाग, केंद्रीय कायाालय, केंद्रीय कायाालय भिन, शहीद भगत व िंह मागा, फोर्ा, मुिंबई-400 001, भारत
Foreign Exchange Department, Central Office ,Central Office Building., Shahid Bhagat Singh Road, Fort, Mumbai-400 001, India
टेलीफोन/Tel. No.022-22601000 , ईमेल: helpfed@rbi.org.in
वहिंदी में काम करना आ ान है, इ का प्रयोग बढाइए ।