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NewsPolicyRadarMonday, 12 October 2026NEW

Finance | RFC(D) Foreign Currency Account in India: RBI/FEMA Credits, Debits, Tax, LRS and Accounting

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Summary
RFC(D) foreign currency accounts for resident individuals: RBI eligibility, permitted credits, no interest, debits, LRS/TCS, tax, Schedule FA and AS 11.
Key Facts
TypeNews
SourcePolicyRadar India
PublishedMonday, 12 October 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Finance & Economy671 tracked→
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