RBI Standardises FEMA Guarantee Reporting Framework

RBI/2026-27/02 | A.P. (DIR Series) Circular No. 01 dated 01.04.2026

The Reserve Bank of India (RBI) has introduced a standardised reporting mechanism for guarantees under the Foreign Exchange Management (Guarantees) Regulations, 2026, issued under FEMA, 1999, effective from 1st April 2026.

1. Introduction of Structured Reporting Forms

The RBI has prescribed specific forms for reporting guarantee-related transactions:

• Form GRN Issue – for reporting issuance of guarantees
• Form GRN Modification – for reporting any changes or amendments
• Form GRN Invocation – for reporting invocation of guarantees

This structured format ensures consistency and completeness in reporting.

2. Submission Through CIMS Portal

Authorised Dealer (AD) banks are required to:

• Submit guarantee-related returns through the CIMS (Centralised Information Management System)
• File returns within 30 days from the end of each quarter

3. Unique Guarantee Transaction Number (UTN)

Each guarantee reported must be assigned a Unique Guarantee Transaction Number (UTN), enabling:

• Tracking and monitoring of guarantees
• Improved data integrity and audit trail

4. Objective of the Framework

The revised mechanism aims to:

• Enhance transparency and traceability in guarantee transactions
• Strengthen regulatory oversight under FEMA
• Ensure uniform reporting practices across AD banks

5. Conclusion

The standardised reporting framework marks a significant step towards digitised, structured, and efficient monitoring of guarantee transactions, ensuring better compliance and regulatory control in foreign exchange operations.

Click Here To Read The Full Circular