Regulatory Update: Foreign Exchange Management (Guarantees) Regulations, 2026

Update on FEMA regulations   For cross-border guarantees   Read More

Dear Customer, The Reserve Bank of India (RBI) has notified the new Foreign Exchange Management (Guarantees) Regulations, 2026 effective January 06, 2026. These regulations govern guarantees where any one party (i.e., surety/ principal debtor/ creditor) is a Non-Resident under Foreign Exchange Management Act (FEMA), 1999. Key updates:   •   Mandatory reporting in Form GRN for all applicable guarantees   •   Guarantees covered under these regulations shall be reported by

о   Resident surety, or   о   Principal debtor (if surety is non-resident), or   о   Creditor who has arranged the guarantee

•   The person having the obligation to report the guarantee shall report

о   Issuance of guarantee   о   Changes (in amount, validity period, pre-closure)   о   Invocation of guarantee (if any)

•   Timelines:

о   Submit to the Authorised Dealer (AD) bank quarterly within 15 days from quarter-end   о   AD bank to report to the RBI within 30 days from the quarter-end

•   Non-compliance: Delays/non-submission may attract late submission fees   You are advised to review all cross-border guarantees and ensure timely compliance with the above requirements. For the detailed regulations, click below:   Read More   For assistance, please visit your nearest ICICI Bank branch.

Sincerely, Team ICICI Bank   By clicking the Read More button, you will be redirected to a third-party app/website. ICICI Bank is not responsible for the third-party app’s/website’s contents, goods, services, products, offers offered by them. Verify the app/website before proceeding to transact.   Click here for Terms and Conditions

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