With a view to enabling non-residents to seamlessly invest in specified Government securities, the RBI in consultation with the Government of India had introduced the ‘Fully Accessible Route’ (‘FAR’) for investors. Under this route, eligible investors, being ‘any person resident outside India’, can invest in such securities by way of FAR, without any quantitative limit on such investment. The various Government securities which are eligible for investment under this route are termed as ‘specified securities’ and are notified by the RBI from time to time. Recently, the RBI, by way of a Circular dated November 8, 2023, has designated ‘sovereign green bonds’ to be issued by the Government in the fiscal year 2023-24 as ‘specified securities’ for the purpose of investment under the FAR. This Circular has come into immediate effect on the date of its Notification.