meta_id 3049291

On April 9, 2026, the Reserve Bank of India (RBI) issued a circular containing guidelines designed to facilitate faster cross-border inward payments. The circular addresses frictions identified in inward cross-border payment processes to enable timely intimation of payment information and expedited crediting of funds to beneficiary accounts. The RBI had previously released a draft circular on October 29, 2025, inviting stakeholder feedback. Following examination of the feedback received during the consultation period, the RBI incorporated consequent modifications into the final circular. A statement detailing major feedback received on the draft circular is provided in the circular's annex. The guidelines are applicable to banks and financial institutions involved in processing cross-border inward remittances and payments to India. The circular aims to streamline payment settlement processes and reduce delays in fund crediting, benefiting individuals and businesses receiving international payments. The circular is effective immediately upon issuance and supersedes any previous guidance on the subject. Financial institutions are required to ensure compliance with the guidelines and implement necessary operational changes to facilitate faster payment processing and beneficiary notification. **Reference:** Reserve Bank of India Press Release 2026-2027/56 (April 9, 2026)