MUMBAI, India, April 9 -- Reserve Bank of India issued the following notification:
RBI/2026-27/08
CO.DPSS.ID.No.S20/06-08-017/2026-2027
April 09, 2026
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks
Madam / Dear Sir,
Guidelines to facilitate faster cross-border inward payments
The Reserve Bank's Payments Vision 2025 aims to bring efficiency in the cross- border payments aligning with the G20 roadmap for cross-border payments that has set targets for achieving cheaper, faster, more transparent, and more accessible cross-border payments.
2. The speed of the cross-border payments is affected by several factors. One of the challenges with speed of payments is experienced at the beneficiary le...