Opening of an account of a person resident in India - Corrigendum
IFSCA circular IFSCA-FMPP0BR/4/2024-Banking · 02 Sept 2025
Official title
Circular on “Opening of an account of a person resident in India” dated August 13, 2025 - Corrigendum
IFSCA circular IFSCA-FMPP0BR/4/2024-Banking · 02 Sept 2025
Official title
Circular on “Opening of an account of a person resident in India” dated August 13, 2025 - Corrigendum
Summary
Check the official recordThe International Financial Services Centres Authority (IFSCA) has issued a corrigendum to its circular dated August 13, 2025, regarding the opening of accounts for persons resident in India. The amendment corrects a reference date within paragraph 1 of the original circular, replacing 'January 14, 2015' with 'January 21, 2016'. This update is issued under the authority of sections 12 and 13 of the IFSCA Act, 2019, and applies to all Banking Units operating within the International Financial Services Centre. The change is effective immediately.
What you must do
Key dates
Who is affected
International Financial Services Centres Authority
CIRCULAR
CORRIGENDUM
e-file No. IFSCA-FMPP0BR/4/2024-Banking
September 2, 2025
To, All Banking Units in IFSC
Madam/Sir,
Subject: Circular on “Opening of an account of a person resident in India” dated August 13, 2025 - Corrigendum
In the circular dated August 13, 2025, on the subject “Opening of an account of a person resident in India”, under para 1, the words, and figures, “January 14, 2015” shall be read as “January 21, 2016”.
This Circular is issued in exercise of powers of section 12 and 13 of the IFSCA Act, 2019 and this Circular shall come into force with immediate effect.
Yours faithfully
(Supriyo Bhattacharjee) Chief General Manager Department of Banking