RBI Shifts Overseas Investment Processing to Regional Offices

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  • Last Updated on 4 April, 2026

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RBI Overseas Investment

RBI/2026-27/03 A.P. (DIR Series) Circular No. 02; dated 01.04.2026

The Reserve Bank of India (RBI) has revised the processing mechanism for overseas investment references, shifting it from the Central Office to designated Regional Offices, with effect from 1st April 2026.

1. Shift from Centralised to Regional Processing

Earlier, such references were handled centrally by the RBI’s Central Office.
Under the revised framework:

  • Processing is now decentralised across 7 Regional Offices
  • This move aims to improve efficiency, turnaround time, and regional accessibility

2. Designated Regional Offices

Overseas investment references will now be handled by the following RBI Regional Offices:

  • Ahmedabad
  • Bengaluru
  • Mumbai
  • Kolkata
  • New Delhi
  • Hyderabad
  • Chennai

3. Submission Through PRAVAAH Portal

Authorised Dealer (AD) Category I banks are required to:

  • Submit references only through the PRAVAAH portal
  • Route submissions based on UIN (Unique Identification Number) prefix mapping to the respective Regional Office

4. Discontinuation of Central Office Submissions

AD banks should no longer send references to the Central Office, as the entire process is now aligned with the regional allocation system.

5. Objective of the Change

The revised framework aims to:

  • Enhance processing efficiency and accountability
  • Enable better workload distribution
  • Improve ease of compliance for banks

6. Conclusion

The decentralisation of overseas investment reference processing marks a significant step towards streamlined, technology-driven regulatory administration, ensuring faster and more efficient handling of applications.

Click Here To Read The Full Circular

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied