OPERATING FRAMEWORK FOR FACILITATING OUTWARD REMITTANCE SERVICES BY NON-BANK ENTITIES THROUGH AUTHORIZED DEALER (CATEGORY I) BANKS IN INDIA

NEW DELHI, May 13 -- The Government of India issued the following FEMA circular:

RBI/2026-27/82

A.P. (DIR Series) Circular No.10

May 13, 2026

To

All Authorised Dealers

Madam / Sir,

Operating framework for facilitating Outward Remittance services by non-

bank entities through Authorized Dealer (Category I) banks in India

Attention of Authorised Persons is invited to Master Direction - Miscellaneous (Master Direction No. 19/2015-16 dated January 1, 2016), as amended from time to time.

2. Paragraph 10 of the Master Direction provided a framework under which non-bank entities could obtain specific approval from the Reserve Bank for tie-up arrangements to facilitate outward remittance services through Authorised Dealer Category-I banks...