In brief
Changing an account today does not automatically resolve an earlier FEMA contravention. RBI provides a compounding framework for eligible cases, with administrative compliance required before compounding. Whether a lapse occurred, which authority handles it and the remedy depend on the actual transaction and dates.
Start with Reserve Bank of India: FAQs on compounding of FEMA contraventions (opens in a new tab)
Choose your Indian state
Your next steps
0 of 4 steps complete · Next: Preserve the original record
Preserve the original record
Next stepCreate a dated chronology of residence changes, accounts, transfers and notices. Keep statements and earlier advice; do not alter or backdate evidence.
Obtain a written classification
Ask a FEMA specialist and the authorised dealer to identify the rule, affected period, amount and outstanding compliance. Distinguish an incorrect designation from a separate reporting failure.
Complete the required regularisation
Get approvals and administrative compliance completed as advised. Ask whether late-submission fees, compounding or another process is applicable; they are not interchangeable.
Use the current official procedure
Follow RBI’s current directions and competent-office/PRAVAAH instructions. Retain the application, payment and final order, then confirm any remaining obligations.
Suggested preparation sequence. Your authority may require a different order. Progress stays on this device.
What to have ready
0 of 4 preparedKeep documents in your own secure records. Tick what you have; nothing is uploaded.
Questions to take to an adviser
- Which rule was breached and for what period?
- What must be completed before applying?
- Does the final order resolve every issue in this case?
Who can help
A qualified FEMA specialist and the relevant authorised dealer.
Check an adviser before paying or signingSources & review limits
Published by NRIdisha. Prepared with AI assistance. No individual author or qualified professional reviewer is credited for this guide.
Practical guide published 24 October 2026. Official statements are limited to the scope described on each source card. Steps and document preparation are editorial guidance. Provider-specific requirements and personal eligibility must be confirmed with the relevant authority.
Official sources support the statements they address. They do not certify this guide or your eligibility. Open the source and check current amendments before acting.
National Portal of India (opens in a new tab)
Compounding application, prior administrative compliance and case-specific treatment.
Current framework starting point; do not infer a fixed penalty from an illustrative case.
Keep this page’s title, the exact statement and the official source. Email them to support@nridisha.com. Do not include personal documents.