RBI/2025-26/54 IDMD.RD.S390/10.18.060/2025-26 June 12, 2025 All Market Participants Madam/Sir, Stripping/Reconstitution in State Government Securities Please refer to paragraph No.1 of theStatement on Developmental and Regulatory Policies announced on August 07, 2019on the proposal to introduce stripping/reconstitution facility for State Development Loans1(SDLs), in consultation with the respective State Governments. 2. Based on consultation with the individual Sta...

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RBI/2025-26/52 DOR.SOG(LEG).REC/32/09.08.024/2025-26 June 12, 2025 All Commercial Banks (including RRBs) and all Co-operative Banks Madam/ Dear Sir Inoperative Accounts/ Unclaimed Deposits in Banks - Revised Instructions (Amendment) 2025 As per instructions, issued videcircular DOR.SOG (LEG).REC/64/09.08.024/2023-24 dated January 1, 2024(hereinafter called the extant instructions), the credit balance in any deposit account maintained with banks, which have not been operated...

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RBI/2025-26/53 DOR.AML.REC.31/14.01.001/2025-26 June 12, 2025 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/ Madam, Updation/ Periodic Updation of KYC – Revised Instructions Please refer to instructions on updation/ periodic updation of KYC as contained in paragraph 38 ofMaster Direction - Know Your Customer (KYC) Direction, 2016 dated February 25, 2016(as amended from time to time). 2. The Reserve Bank has observed a large pendency in periodic up...

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RBI/2025-26/51 DOR.AML.REC.30/14.01.001/2025-26 June 12, 2025 Reserve Bank of India (Know Your Customer (KYC)) (Amendment) Directions, 2025 Reserve Bank had issuedReserve Bank of India (Know Your Customer (KYC)) Directions, 2016(hereinafter referred to as Master Direction) in compliance of the provisions of the PML Act, 2002 and the Rules made thereunder. There is a need to further amend the same in order to enhance consumer protection and service. 2. Accordingly, in exercise ...

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RBI/2025-26/50 DOR.STR.REC.29/21.06.008/2025-26 June 09, 2025 All Scheduled Commercial Banks (including Small Finance Banks) (excluding Local Area Banks, Payments Banks and Regional Rural Banks) Dear Sir/ Madam, Basel III Capital Regulations - External Credit Assessment Institution (ECAI) Please refer to paragraph 6.1.2 of theMaster Circular No. DOR.CAP.REC.2/21.06.201/2025-26 dated April 1, 2025onBasel III Capital Regulations, wherein the list of domestic credit rating a...

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RBI/2025-26/49 DoR.CRE.REC.28/07.10.002/2025-26 June 9, 2025 Primary (Urban) Co-operative Banks other than Salary Earners’ Banks Madam / Dear Sir, Non-achievement of PSL targets – Prudential treatment of contribution towards eligible funds with NABARD, NHB, SIDBI and MUDRA Ltd. A. Exemption from exposure norms In terms of para 2.1 ofcircular DOR (PCB).BPD.Cir No.10/13.05.000/2019-20 dated March 13, 2020on ‘Limits on exposure to single and group borrowers/part...

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RBI/2025-26/48 DOR.CRE.REC.27/21.01.003/2025-26 June 9, 2025 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam / Dear Sir, Large Exposures Framework – Amendment in the list of exempted exposures Please refer to paragraph 3.1 of the Annex to thecircular DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019on ‘Large Exposures Framework’ (LEF) in terms of which “deposits maintained with NABARD on account of shortfall in achieve...

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RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 10 (R)(6)/2025-RB April 29, 2025 Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Sixth Amendment) Regulations, 2025 In exercise of the powers conferred by section 9 and clause (e) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendment in...

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RBI/2025-26/47 DOR.CRE.REC.26/21.01.023/2025-26 June 6, 2025 Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025 CLICK ON THE LINK FOR MORE UPDATES...

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RBI/2025-26/46 DoR.RET.REC.23/12.01.001/2025-26 June 06, 2025 All banks, Madam / Sir, Maintenance of Cash Reserve Ratio (CRR) Please refer to ourcircular DoR.RET.REC.52/12.01.001/2024-25 dated December 06, 2024and relative notification on the captioned subject. 2. As announced in theGovernor’s Statement dated June 06, 2025, it has been decided to reduce the Cash Reserve Ratio (CRR) of all banks by 100 basis points in four equal tranches of 25 basis points each to 3...

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RBI/2025-26/45 DoR.RET.REC.22/12.01.001/2025-26 June 06, 2025 All banks, Madam / Sir, Penal Interest on shortfall in CRR and SLR requirements - Change in Bank Rate Please refer to Chapter VIII ofMaster Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions – 2021as well as ourcircular DoR.RET.REC.16/12.01.001/2025-26 dated April 09, 2025on the captioned subject. 2. As announced in theMonetary Policy Statement...

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RBI/2025-26/44 DoR.FIN.REC.25/03.10.038/2025-26 June 06, 2025 All Non-Banking Financial Companies - Microfinance Institutions Dear Sir/ Madam, Review of Qualifying Assets Criteria Please refer to paragraph 8.1 of theMaster Direction - Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022 dated March 14, 2022which prescribes Qualifying Assets Criteria for Non-Banking Financial Companies - Microfinance Institutions. On a review, it has been ...

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RBI/2025-26/43 REF.No.MPD.BC.400/07.01.279/2025-26 June 6, 2025 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in thebi-monthly Monetary Policy Statement, 2025-26today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 6.00 per cent to 5.50 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided t...

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RBI/2025-26/42 FMOD.MAOG.No.152/01.01.001/2025-26 June 06, 2025 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility - Change in rates As announced in theMonetary Policy Statement dated June 06, 2025, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 6.00 per cent to5.50 per centwith immediate effect. 2. Consequently...

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RBI/2025-26/41 DoR.RET.REC.21/12.07.160/2025-26 May 27, 2025 All Banks, Madam / Sir, Inclusion of “The Vishweshwar Sahakari Bank Ltd., Pune” in the Second Schedule of the Reserve Bank of India Act, 1934 It is advised that “The Vishweshwar Sahakari Bank Ltd., Pune” has been included in the Second Schedule of the Reserve Bank of India Act, 1934 vide Notification DoR.REG./LIC.No.S75/08.27.300/2025-26 dated April 07, 2025 and published in the Gazet...

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RBI/2025-26/40 A.P. (DIR Series) Circular No. 06 May 23, 2025 To All Category – I Authorised Dealer Banks Madam / Sir Reporting on FIRMS portal – Issuance of Partly Paid Units by Investment Vehicles Attention of Authorised Dealer (AD) Category - I banks is invited to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (hereinafter referred as ‘Rules’), notified by the Central Government on October 17, 2019, which have been amend...

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RBI/2025-26/39 FIDD.CO.GSSD.BC.No 06/09.16.003/2025-26 May 21, 2025 The Chairman/ Managing Director/Chief Executive Officer All Scheduled Commercial Banks & Small Finance Banks Madam/ Dear Sir, Withdrawal of Master Circular on Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) and related circulars The Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) has officially concluded on September 30, 2024. C...

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RBI/2025-26/38 DoR.RET.REC.20/12.07.160/2025-26 May 21, 2025 All Banks, Madam / Sir, Alteration in the name of “North East Small Finance Bank Limited” to “slice Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 It is advised that the name of “North East Small Finance Bank Limited” has been changed to “slice Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India...

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RBI/2025-2026/37 A.P. (DIR Series) Circular No. 05/2025-26 May 16, 2025 All Category – I Authorised Dealer Banks Madam / Sir Exim Bank’s GOI-supported Line of Credit (LOC) for USD 700 million to the Govt. of Mongolia (GO-MNG), for financing construction of Crude Oil Refinery Plant in Mongolia Export-Import Bank of India (Exim Bank) has entered into an agreement dated January 16, 2025, with the Government of Mongolia (GO-MNG), for making available to the latt...

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RBI/2025-26/35 FMRD.FMD.No.01/14.01.006/2025-26 May 08, 2025 To, All Authorised Persons Madam/Sir, Investments by Foreign Portfolio Investors in Corporate Debt Securities through the General Route – Relaxations Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to theForeign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to time; and theMa...

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1. Introduction This Framework for Formulation of Regulations (hereinafter referred to as ‘the Framework’) lays down the broad principles for formulation and amendment of Regulations by the Reserve Bank of India (hereinafter referred to as "the Bank"). The Framework seeks to standardize the process of making Regulations in a transparent and consultative manner after conducting impact analysis, as may be feasible. 2. Definition: (1) For the purpose of this Framewo...

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RBI/2025-26/34 DIT.CO.No.S-106/07.71.039/2025-26 April 28, 2025 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Cooperative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) All Primary Dealers All Non-bank Payment System Opera...

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RBI/2025-26/33 DCM.RMMT.No.S312/20-02-001/2025-2026 April 28, 2025 The Chairman / Managing Director/ Chief Executive Officer All Banks Madam / Dear Sir, Dispensation of ₹100 and ₹200 denomination banknotes through ATMs As part of an endeavour towards enhancing public access to frequently used denominations of banknotes, it has been decided that all banks and White Label ATM Operators (WLAOs) shall ensure that their ATMs dispense ₹100 and ₹200 denomination banknotes ...

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RBI/DCM/2025-26/136 DCM (CC) No. G-3/03.41.01/2025-26 April 24, 2025 The Chairman / Managing Director / Chief Executive Officer All banks Madam / Dear Sir, Master Direction on Framework of incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests In terms of the Preamble to and Section 45 of the Reserve Bank of India Act, 1934 (RBI Act) and Section 35A of the Banking Regulation Act, 1949, Reserve Bank of India issues guideli...

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RBI/FED/2025-26/32 A.P. (DIR Series) Circular. No 04/2025-26 April 24, 2025 To, All Authorised Dealer Category-I banks and Authorised banks Madam / Sir, Amendments to Directions - Compounding of Contraventions under FEMA, 1999 Attention of Authorised Dealer (AD) Category - I banks is invited to Directions for compounding of contraventions under FEMA, 1999, issued videA.P. (DIR Series) Circular No. 17/2024-25 dated October 1, 2024and Master Directions on co...

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RBI/2025-26/31 DCM (NPD) No.S287/18.00.014/2025-26 April 24, 2025 The Chairman/ Managing Director/ Chief Executive Officer All Banks Madam/ Dear Sir, Note Sorting Machines: Standards issued by the Bureau of Indian Standards -Revised Timeline for Implementation Reference is invited to ourcircular DCM (NPD) No. S2193/09.45.000/2024-25 dated October 30, 2024on “Note Sorting Machines - Standards issued by the Bureau of Indian Standards”. 2. In view of represen...

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RBI/2025-26/30 A.P. (DIR Series) Circular No. 03 April 23, 2025 To, All Authorised Dealer Category-I banks Madam / Sir, Exports through warehouses in ‘Bharat Mart’ in UAE – relaxations Attention of Authorised Dealer Category – I banks (AD banks) is invited to Clause (a) of Sub regulation 1 of Regulation 9 of Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 {Notification No. FEMA 23(R)/2015-RB} and Para C.6 and C.13 of...

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RBI/FED/2025-26/135 FED Master Direction No.04/2025-26 April 22, 2025, To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Directions - Compounding of Contraventions under FEMA, 1999 The provisions of section 15 of Foreign Exchange Management Act, 1999 (42 of 1999) [hereinafter referred to as ‘FEMA, 1999’], enable compounding of contraventions and, empowers the Reserve Bank to compound any contravention as defined under sec...

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RBI/FED/2025-26/29 A.P. (DIR Series) Circular. No 02/2025-26 April 22, 2025 To, All Authorised Dealer Category-I banks and Authorised banks Madam / Sir, Amendments to Directions - Compounding of Contraventions under FEMA, 1999 Attention of Authorised Dealer (AD) Category - I banks is invited to the Guidelines for compounding of contraventions under FEMA, 1999, issued videA.P. (DIR Series) Circular No. 17/2024-25 dated October 1, 2024. 2. The provision contained at...

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RBI/2025-26/28 CO.DIT.DCD.No.S81/01-71-110/2025-26 April 22, 2025 All Commercial Banks All Primary (Urban) Co-operative Banks All State Co-operative Banks and District Central Co-operative Banks Dear Sir / Madam, Circular - Migration to '.bank.in' domain Please refer to para 4 of theStatement on Developmental and Regulatory Policies dated February 7, 2025, on "Enhancing Trust in the Financial Sector through 'bank.in' and 'fin.in' domains...

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