RBI RELEASES DRAFT CIRCULAR ON GUIDELINES TO FACILITATE FASTER CROSS-BORDER INWARD PAYMENTS

MUMBAI, India, Oct. 29 -- Reserve Bank of India issued the following press release:

The Reserve Bank of India today placed on its website a draft circular on Guidelines to facilitate faster cross-border inward payments. Comments / feedback on the draft Circular are invited from banks by November 19, 2025. The comments/ feedback may be submitted through the link under the 'Connect2Regulate' Section available on the Reserve Bank's website. Comments may alternatively be forwarded to:

The Chief General Manager-in-Charge,

Department of Payment and Settlement Systems,

Reserve Bank of India,

14th Floor, Central Office Building,

Shahid Bhagat Singh Marg, Fort

Mumbai-400001

Or by email with subject line "Feedback on Draft circular on Guidel...