RBI allows Authorised Dealers to frame Form A2 guidelines with Board Committee approval

Exam-focused facts from the 2 October 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) issued A.P. DIR Series Circular No. 23 dated October 01, 2026, on online submission of Form A2 for outward forex remittances.
Authorised Dealers Category I banks and AD Category II entities may now frame internal guidelines with approval of the Board or any delegated Board Committee/Management Committee, removing the earlier requirement of Board approval.
The earlier instructions were issued vide A.P. DIR Series Circular No. 12 dated July 03, 2024, and all other instructions under it remain unchanged.
The directions were issued under sections 104 and 111 of the Foreign Exchange Management Act, 1999.