The Reserve Bank of India (RBI) has issued a notification allowing people living outside India who maintain a special rupee vostro account (SRVA) for international trade settlements in Indian rupees to invest their surplus balance in central government securities, including treasury bills.
The RBI notification is a 12 August update on the Master Directions – Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025, and takes immediate effect.
All authorised dealers under category I banks can notify the relevant customers and constituents of the RBI update.
These directions have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
