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Compliance calendar
RBIRBI and FEMAECB 2

ECB-2 monthly return

The monthly return through which an ECB borrower reports actual external commercial borrowing transactions.

Next due

10 Nov 2026

Due in 8 to 30 daysIn 15 days

For October 2026

Regulator
RBI
Category
RBI and FEMA
Form
ECB 2
Last verified
2026-09-01
Read statutory basis

ECB-2 must reach RBI within seven working days after the end of each month. The borrower submits it through its AD Category I bank. This is not a fixed deadline on the seventh calendar day, and the generated date is only a weekend-adjusted estimate.

What changed

The late-submission-fee rules changed from 1 April 2026. Each delayed ECB-2 under an LRN is now a separate instance, and the flow amount includes the larger of gross inflow or gross outflow, including interest and charges.

All dates this year

Past dates are kept, so a late filing can still be dated.

11 May 2026April 2026168 days ago
9 Jun 2026May 2026139 days ago
9 Jul 2026June 2026109 days ago
11 Aug 2026July 202676 days ago
9 Sept 2026August 202647 days ago
9 Oct 2026September 202617 days ago
10 Nov 2026October 2026In 15 days
9 Dec 2026November 2026In 44 days
11 Jan 2027December 2026In 77 days
9 Feb 2027January 2027In 106 days
9 Mar 2027February 2027In 134 days
9 Apr 2027March 2027In 165 days

The rule

Stated as the law states it, so you can work out any period yourself.

Monthly ECB transactions

Submit Form ECB 2 through the AD Category I bank so that it reaches RBI within seven working days after month-end. The calendar skips weekends but not bank holidays, so its date is an estimate.

Who must comply

  • Every Indian borrower with a registered external commercial borrowing

Carve-outs

  • After an ECB is wholly converted into equity and the final ECB-2 reports that conversion, later ECB-2 returns stop

Statutory basis

Read the provision here where we hold it, or on the regulator's site.

Before you file

  • Collect the ECB transactions for the month.
  • Identify the loan registration number.
  • Get the return certified for submission through the AD Category I bank.

How to file

  1. 1Complete Form ECB 2 for the month.
  2. 2Give the certified return to the AD Category I bank.
  3. 3Allow enough time for the return to reach RBI within seven working days after month-end.

Designated AD Category I bank

Recent changes affecting this

From the regulator's own circulars and notifications.

rbi21 Sept 2026Press release

Data on Forex Inflows via FCNR(B) Deposits, ECBs and OFCBs

The Reserve Bank of India provides data on foreign exchange inflows under its special USD-INR swap facility. This facility covers FCNR(B) deposits, External Commercial Borrowings, and Overseas Foreign Currency Borrowings. The scheme closed for FCNR(B) deposits on August 31, 2026. The scheme remains open for External Commercial Borrowings and Overseas Foreign Currency Borrowings until December 31, 2026. Authorised Dealer Banks reported total inflows of 143,596 million USD as of September 18, 2026. This total includes 132,980 million USD from FCNR(B) deposits, 5,320 million USD from Overseas Foreign Currency Borrowings, and 5,296 million USD from External Commercial Borrowings.

rbi02 Sept 2026Press release

Data on Forex Inflows via FCNR(B) Deposits, ECBs and OFCBs

The Reserve Bank of India provides data on foreign exchange inflows under its special USD-INR swap facility. This facility covers FCNR(B) deposits, External Commercial Borrowings, and Overseas Foreign Currency Borrowings. The scheme closed for FCNR(B) deposits on August 31, 2026. The scheme remains open for External Commercial Borrowings and Overseas Foreign Currency Borrowings until December 31, 2026. Authorised Dealer Banks report these figures. The total reported inflow as of August 31, 2026, is 136,377 million USD. This figure remains provisional pending final reconciliation.

rbi22 Aug 2026Press release

Data on Forex Inflows via FCNR(B) Deposits, ECBs and OFCBs

The Reserve Bank of India provides data on foreign exchange inflows under its special USD-INR swap facility. This facility covers FCNR(B) deposits, External Commercial Borrowings, and Overseas Foreign Currency Borrowings. Authorised Dealer Banks report these inflows. The scheme remains open for FCNR(B) deposits until August 31, 2026. The scheme remains open for External Commercial Borrowings and Overseas Foreign Currency Borrowings until December 31, 2026. Total inflows under this facility reach 72,848 million USD as of August 21, 2026.

rbi14 Aug 2026Press release

Forex Inflows via FCNR(B) Deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings

The Reserve Bank of India restricts the special USD-INR Forex Swap facility for FCNR(B) deposits. Banks must mobilize these deposits by August 31, 2026. Banks must avail the swaps with the Reserve Bank of India by September 11, 2026. The swap facility for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains open until December 31, 2026. This update follows the initial introduction of the swap facility on June 08, 2026.

rbi01 Aug 2026Press release

Reporting of FCNR(B) Deposits, ECBs and OFCBs under Swap Facility

The Reserve Bank of India reports the status of foreign currency inflows under its concessional swap facility. Authorised Dealer Banks provide data for FCNR(B) deposits, OFCBs, and ECBs. The facility remains available for FCNR(B) deposits until September 30, 2026. The facility remains available for OFCBs and ECBs until December 31, 2026. The total inflow amount reaches 40,816 million USD as of July 31, 2026.

rbi20 Jul 2026Press release

Reporting of FCNR(B) Deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings Mobilized Under Reserve Bank Swap Facility

The Reserve Bank of India has reported the status of foreign exchange inflows mobilized under its concessional swap facility, which was announced on June 5, 2026, and operationalized on June 8, 2026. As of July 17, 2026, the facility has attracted a total of USD 20,718 million, consisting of FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCBs), and External Commercial Borrowings (ECBs). The facility remains available for FCNR(B) deposits until September 30, 2026, and for OFCBs and ECBs until December 31, 2026.

Common questions

Is ECB-2 due on the seventh of the next month?

No. RBI counts seven working days from month-end. The date shown by this calendar skips weekends but cannot account for bank holidays.

Last verified 2026-09-01. Confirm against the official source before you rely on it.