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RBI Eases EXIM Rules: EDPMS/IDPMS, MTT and SRVA Changes

13 October 20251 min read
ECONOMYRBI Eases EXIMRules: EDPMS/IDPMS,MTT and SRVAChanges13 October 2025safalsetu.com

Why in the news

RBI simplified forex management and backed rupee use in global trade, benefitting exporters, importers and merchant traders.

Key facts

  • EDPMS/IDPMS: AD banks can reconcile and close entries for bills of ₹10 lakh or less on the exporter’s or importer’s declaration; quarterly consolidated filing is allowed.
  • This helps where payment moves through other AD banks or third parties.
MTTSRVA
MeaningIndian merchant buys from one foreign country, sells to another; goods never enter IndiaForeign banks’ INR accounts in India for rupee trade settlement
Before9 months to complete; forex outlay 4 monthsOnly government securities
NowForex outlay 6 monthsAlso NCDs, bonds, commercial papers of Indian firms, within limits

Exam angle

  • EDPMS (export), IDPMS (import); threshold ₹10 lakh; MTT outlay 4 to 6 months.

Test yourself

1. Under the RBI's October 2025 EXIM circular, AD banks can reconcile and close EDPMS/IDPMS entries for bills up to what value?

The circular covers bills valued at ₹10 lakh or less.

2. RBI extended the foreign exchange outlay period for merchanting trade transactions to how many months?

The outlay window rose from 4 months to 6 months.

3. Special Rupee Vostro Accounts' surplus balances were earlier invested only in what?

Earlier only government securities; now NCDs, bonds and commercial papers too.