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Corporate Laws Central Ministry of Finance Payment and Settlement Systems Act, 2007

RBI issues Guidelines to facilitate faster cross-border inward payments

09-Apr-2026 | RBI/2026-27/08 CO.DPSS.ID.No.S20/06-08-017/2026-2027

RBI has issued a notification on the Guidelines to facilitate faster cross-border inward payments, effective from 09th October 2026.

Through this notification, Banks shall inform their customer of the receipt of cross-border inward transactions immediately on receipt of the inward message. Messages received after the close of operating hours of banks shall be informed to the customer immediately at the start of the next business day. Banks have been advised to undertake reconciliation and confirmation of credit in the nostro account for confirming and reconciling receipts.
Banks shall credit the inward payments received during the foreign exchange market hours within the same business day to the beneficiary?s account and provide a digital interface to their customers to facilitate foreign exchange transactions.
Also, they must put in place a straight-through process for crediting the inward payments to the account of the individual residents.

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