The Reserve Bank of India issued revised reporting instructions for guarantees under the Foreign Exchange Management (Guarantees) Regulations, 2026, setting out standardised returns and a quarterly submission process via the Centralised Information Management System. Persons required to report a guarantee under Regulation 7 of FEMA 8 (R) may submit details to their authorised dealer bank using three RBI-provided files: Form GRN Issue for issuance, Form GRN Modification for changes in terms (amount, extension, or pre-closure), and Form GRN Invocation for invocation. The authorised dealer bank must submit the relevant returns to RBI within 30 calendar days from the end of the respective quarter through CIMS, assign a unique Guarantee Transaction Number for each guarantee issuance reported through Form GRN Issue, and apply late submission fee computations such that the delayed-reporting amount is the liability created towards the surety on invocation for Form GRN Invocation and nil for delayed Form GRN Issue or Form GRN Modification. The directions apply with immediate effect.
Reserve Bank of India 2026-04-01
Reserve Bank of India introduces GRN forms and CIMS quarterly reporting for guarantees under FEMA 8 (R)
The Reserve Bank of India has issued revised reporting instructions for guarantees under the Foreign Exchange Management (Guarantees) Regulations, 2026, introducing standardised returns and quarterly submissions via the Centralised Information Management System. Persons required to report guarantees under Regulation 7 of FEMA 8 (R) must use prescribed forms for issuance, modification and invocation, while authorised dealer banks must assign a unique Guarantee Transaction Number, file returns within 30 days of quarter-end, and compute late submission fees based on the liability created on invocation.