Operating framework for facilitating Outward Remittance services by non-bank entities through Authorized Dealer (Category I) banks in India

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 in India subject to certain conditions.

3. On a review, it has been decided to dispense with the process of granting of the approvals by RBI for such tie-ups and instead Authorised Dealers are advised to comply with instructions furnished in Annex while facilitating cross-border outward remittance of funds for non-trade current account transactions using third party entity in online mode (website/ online platform/ software application/ mobile application/ any other interface). Therefore, the para 10 of the Master Direction - Miscellaneous dated January 1, 2016 (as amended from time to time) stands deleted with immediate effect.

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 / approvals, if any, required under any other law.
 

Yours Sincerely,

(N Senthil Kumar)
Chief General Manager