MANU/APDR/0001/2022

Ministry : Reserve Bank of India

Department/Board : Financial Markets Regulation Department

Circular No. : A. P. (DIR Series) Circular No. 22
                  RBI/2021-2022/156

Date : 10.02.2022

Notification/ Circulars Referred : Notification No. FEMA 1/2000-RB dated May 03, 2000 MANU/APDR/0064/2002;Notification No. FEMA 3(R)/2018-RB dated December 17, 2018 MANU/RFEM/0008/2018;Notification No. FEMA. 396/2019-RB dated October 17, 2019 MANU/RFEM/0013/2019;Circular No. 34 dated May 24, 2019 MANU/APDR/0018/2019;Circular No. 19 dated January 23, 2020 MANU/APDR/0006/2020

Citing Reference:
Notification No. FEMA 1/2000-RB dated May 03, 2000 MANU/APDR/0064/2002  Referred

Notification No. FEMA 3(R)/2018-RB dated December 17, 2018 MANU/RFEM/0008/2018  Referred

Notification No. FEMA. 396/2019-RB dated October 17, 2019 MANU/RFEM/0013/2019  Referred

Circular No. 34 dated May 24, 2019 MANU/APDR/0018/2019  Referred

Circular No. 19 dated January 23, 2020 MANU/APDR/0006/2020  Referred

To

All Authorized Persons

Madam/Sir

'Voluntary Retention Route' for Foreign Portfolio Investors investment in debt

1. Please refer to paragraph 3 of the Statement on Developmental and Regulatory Policies dated February 10, 2022 regarding enhancement of the investment limit under the Voluntary Retention Route (VRR).

2. Attention of........