ECB Compliance Calculator

An ECB is a commercial loan raised by an eligible Indian entity from a recognised non-resident lender, such as an internationally recognised bank, a multilateral institution or a foreign equity holder. From 16 February 2026, ECBs are governed by the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018, as amended by the First Amendment Regulations, 2026, which raised the limit to the higher of USD 1 billion or 300% of net worth and removed the fixed all-in-cost ceiling.

Under the framework as amended from 16 February 2026, the borrower files Form ECB 1 through its AD bank to obtain a Loan Registration Number before any drawdown, and a Revised Form ECB 1 for later changes. Form ECB 2 is filed within 7 calendar days from the end of the month in which a drawdown or debt-servicing transaction takes place. Late reporting can be regularised with a Late Submission Fee.

Enter the borrower sector, total ECB outstanding including the new loan, net worth and average maturity. The tool compares the outstanding ECB with the higher of USD 1 billion and 300% of net worth, and the maturity with the 3-year minimum, or 1 year for manufacturing-sector ECB up to USD 150 million. There is no fixed all-in-cost ceiling now; cost must be in line with market conditions. It is a simplified check only.