News & Notices

Updates, notices and circulars from FEMTA

All News Notices Circulars RBI Updates

RBI Master Direction on Money Changing Activities — current text (updated 2 April 2026)

The consolidated direction for FFMCs, AD-II and franchisees — latest update as on 02 April 2026.

Effective 1 July 2024: 75% sale-to-purchase rule for currency notes

FCY notes sold to the public must be at least 75% of FCY notes purchased from other FFMCs/ADs, per quarter.

Budget 2025: TCS on LRS — threshold raised to ₹10 lakh, rates cut to 2%

From 1 April 2025: no TCS up to ₹10 lakh; education/medical TCS reduced to 2%; no TCS on education-loan remittances.

LRS limit holds at USD 250,000 per financial year (FY 2025-26)

A resident individual may remit up to USD 250,000 per financial year for permitted purposes.