Under the RBI's ECB framework, which route lets an eligible borrower raise an ECB through an Authorised Dealer bank without seeking the RBI's prior approval?

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Automatic Route. The key on this site is the Automatic Route. That was the earlier rule (Master Direction paragraph 5, deleted on 16 February 2026). It said an ECB could be raised under the automatic route if it met the parameters. RBI Circular 22 of 16 February 2026 deleted those paragraphs. Schedule I of the amended Regulations has no route names. The lesson reads this question as a question on the earlier framework. The Approval Route belonged to the same earlier text. Under it the borrower applied to the RBI in Form ECB. The sources opened do not name the Compounding Route or the FEMA Adjudication Route as ECB routes. They also do not say how a proposal outside Schedule I is handled today. Read more: External Commercial Borrowings (ECBs): Costs, Risks and RBI Rules.

What is the general minimum average maturity period (MAMP) for an ECB under paragraph 6(1) of Schedule I?

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