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RBI Circular on rationalization of investment in debt securities under Voluntary Retention Route
This alert summarizes a recent circular[1] released by the Reserve Bank of India on 6 February 2026 (Circular), enhancing the ease of doing business and improving operational flexibility for Foreign Portfolio Investors (FPIs) investing under the Voluntary Retention Route (VRR).
As per the Circular, the investment limits applicable to FPIs under the VRR shall be subsumed under the General Route. Further, an option is granted to FPIs availing a longer retention period to exit the VRR after end of the minimum retention period.
The said circular shall be effective from 1 April 2026.
[1] RBI/2025-26/205 A.P (DIR Series) Circular No.21