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Special Rupee Vostro Accounts (SRVAs)

Reserve Bank of India (RBI) has consolidated the guidelines governing Special Rupee Vostro Accounts (SRVAs).

Who can open and maintain Special Rupee Vostro Accounts (SRVAs)?

Authorised Dealer (AD) banks in India may open Special Rupee Vostro Accounts (SRVAs) of its branch outside India or a bank resident outside India.

Which transactions can be settled through SRVA?

  • The settlement of cross-border trade transactions through SRVA is an additional arrangement for invoicing, payment and settlement of exports and imports in Indian Rupee (INR). 
  • All permissible capital and current account transactions under Foreign Exchange Management Act (FEMA) may be settled through the SRVA. 
  • AD banks maintaining SRVA are permitted to open additional current account for exporter / importer, exclusively for settlement of export / import transactions.

What can be the source and use of funds in SRVA?


References

Reserve Bank of India. (2026, July 17). 'Special Rupee Vostro Accounts (SRVAs)'. Retrieved from https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13581&Mode=0


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