RBI/FED/2025-26/98
A.P. (DIR Series) Circular. No 15/2025-26, issued November 24, 2025, informs all Authorized Persons about amendments to directions on compounding of contraventions under FEMA, 1999. Specifically, it refers to Master Directions on compounding of contraventions under FEMA, 1999, dated April 22, 2025. In order to streamline the receipt of compounding application fee and 'sum for which a contravention is compounded', account details for payments via NEFT/RTGS have been changed. Annexure I of the Master Directions has been modified to reflect the revised account details. The directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). Contact for inquiries: helpfed@rbi.org.in, Tel. No.022-22601000. Dr. Aditya Gaiha, Chief General Manager in Charge.
Key Entities Referenced
Foreign Exchange Management Act, 1999: The primary law governing foreign exchange in India, relevant to the compounding of contraventions.
Master Directions on compounding of contraventions under FEMA, 1999, dated April 22, 2025: Provides specific guidance on compounding contraventions under FEMA, with a modified Annexure I.
Reserve Bank of India: Regulatory body issuing the circular.
Annexure I: Modified annexure containing the 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 ।