The Ministry of Finance has introduced a new Common Application Form (CAF) for Foreign Portfolio Investors (FPIs), replacing the previous one from January 2020. This updated form aims to simplify and make more efficient the process for overseas investors registering in India, opening bank and demat accounts, and applying for a Permanent Account Number (PAN). The government believes this integrated approach will reduce duplication and improve compliance for foreign investors.
The Ministry of Finance has notified a revised Common Application Form (CAF) for Foreign Portfolio Investors (FPIs). The notification was issued by the Department of Economic Affairs on June 11, 2026, and replaces the earlier framework notified in January 2020.
According to the notification, the revised Common Application Form will be used by FPIs for multiple regulatory and operational requirements, including registration in India, opening bank accounts, opening demat accounts, and applying fo
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FAQ :
The revised Common Application Form (CAF) is a new, unified document introduced by the Ministry of Finance for Foreign Portfolio Investors (FPIs) to use for various regulatory and operational needs in India.
The notification for the revised Common Application Form was issued by the Department of Economic Affairs on June 11, 2026.
The revised CAF covers FPI registration in India, opening bank accounts, opening demat accounts, and applying for a Permanent Account Number (PAN).
The government aims to provide a more streamlined and efficient process for foreign investors entering the Indian capital market by reducing duplication of information and improving ease of compliance.
Global asset management companies, pension funds, sovereign wealth funds, foreign institutional investors, and other eligible overseas investment entities seeking FPI registration in India are expected to benefit.
Yes, the revised Common Application Form replaces the earlier framework notified in January 2020.