Key Numbers at a Glance

The June 5, 2026 Rule Change — By the Numbers

PIS Route · Listed Equities · FEMA NDI Amendment

10%

New individual NRI / OCI limit per listed company — up from 5%. No SEBI registration required under the PIS route.

↑ Doubled from 5%
24%

New default aggregate overseas individual ceiling — up from 10%. No shareholder vote or special resolution needed.

↑ Up from 10%
$135B

India remittances FY2024–25 — record inflow the RBI aims to channel into listed equities via the liberalised PIS route.

Record High · FY2024–25
June 5

Date of announcement — RBI MPC meeting, Governor Sanjay Malhotra. Immediate effect on PIS investment thresholds.

RBI MPC · 2026
FEMA NDI

Governing legislation — Third Amendment Rules, 2026. Gazette notification pending formal gazette publication.

Third Amendment · 2026