RBI expands SNRR account

The Reserve Bank of India (RBI) has notified the Foreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026, significantly expanding the regulatory framework governing Special Non-Resident Rupee (SNRR) Accounts. 

The amendments permit non-residents to open and maintain SNRR accounts through authorised dealer branches located in International Financial Services Centres (IFSCs), introduce greater flexibility for fund transfers between various non-resident accounts, simplify existing regulatory provisions and facilitate bona fide cross-border transactions.