GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 03/2025- Central Tax (Rate) New Delhi, the 16 January, 2025 G.S.R......(E).- In exercise of the powers conferred by sub-section (1) of section 9 of the Central Goodsand Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in thepublic interest so to do, on the recommendations of the Council, hereby makes the following furtheramendments in the notifica...

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GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 04/2025-Central Tax (Rate) New Delhi, the 16 January, 2025 G.S.R. ......(E). -In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods andServices Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the publicinterest so to do, on the recommendations of the Council, hereby makes the following amendments in thenotification of ...

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RBI/2024-25/104 Ref.No.DoS.CO.PPG/SEC.13/11.01.005/2024-25 January 17, 2025 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Primary (Urban) Co-operative Banks All Deposit Taking NBFCs (Excluding HFCs) [Supervised Entities (SEs)] Madam / Dear Sir, Coverage of customers under the nomination facility As you are aware, the nomination facility is intended to minimise the hardship and facilitate expeditious settleme...

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RBI/2024-25/105 CEPD.CO.OBD.No.S1270/50-01-001/2024-25 January 17, 2025 Chairman/Managing Director/CEOs All Commercial Banks (including Regional Rural Banks, Small Finance Banks, Payment Banks, and Local Area Banks) All Primary (Urban) Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks All Prepaid Payment Instrument Issuers All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies All Payment Aggre...

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RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai 400 001 Notification No. FEMA 395(3)/2025-RB January 14, 2025 Foreign Exchange Management (Mode of Payment and Reporting of Non- Debt Instruments) (Third Amendment) Regulations, 2025 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments to the Foreign Exchange Management (Mode of Payment and...

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RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai 400 001 Notification No. FEMA 10(R)(5)/2025-RB January 14, 2025 Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Fifth 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 amendments to the F...

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RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai 400 001 Notification No. FEMA 5(R)(5)/2025-RB January 14, 2025 Foreign Exchange Management (Deposit) (Fifth Amendment) Regulations, 2025 In exercise of the powers conferred by sub-section (2) of section 6 and 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 the Foreign Exchange Management (Deposit) Regulation...

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GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NOTIFICATION No. 04/2025 – CENTRAL TAX New Delhi, the 10th January, 2025 G.S.R.....(E).- In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing the return by an Input Serv...

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GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NOTIFICATION No. 06/2025 – CENTRAL TAX New Delhi, the 10th January, 2025 G.S.R.....(E).- In exercise of the powers conferred by first proviso to sub-section (4) of section 52 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing the statem...

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GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NOTIFICATION NO. 05/2025–CENTRAL TAX New Delhi, the 10th January, 2025 G.S.R.....(E).– In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner , on the recommendations of the Council, hereby extends the time limit for furnishing the return by a regi...

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GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NOTIFICATION No. 03/2025 – CENTRAL TAX New Delhi, the 10th January, 2025 G.S.R.....(E).- In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing the return by a non-res...

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RBI/2024-25/ 126 FMRD.FMD.No.10/14.01.006/2024-25 January 07, 2025 All Authorised Persons Madam/Sir, Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025 In exercise of the powers conferred under section 6, read with section 47 of the Foreign Exchange Management Act, 1999, the Reserve Bank has issued the following regulations to regulate non-resident investment in debt instruments in Ind...

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Master Direction on Credit Information Reporting The Reserve Bank of India has today issued theMaster Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025. The Master Direction consolidates the existing instructions on credit information reporting and dissemination, issued to the regulated entities (REs) of the Reserve Bank. (Puneet Pancholy) Chief General Manager Press Release: 2024-2025/1861 ...

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RBI/DoR/2024-25/125 DoR.FIN.REC.No.55/20.16.056/2024-25 January 06, 2025 All Commercial Banks including Small Finance Banks, Local Area Banks and Regional Rural Banks and excluding Payment Banks All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co- operative Banks All India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID) All Non-Banking Financial Companies including Housing Finance Companies All Asset Reconstruction Companies All Credit Inform...

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RBI/2024-25/103 CO.DGBA.GBD.No.S770/42-01-029/2024-2025 January 03, 2025 All Agency Banks Madam/Dear Sir, Status of March 30, 2025 for Government transactions through integration with e-Kuber The ‘e-Kuber’ which is the Core Banking Solution platform of RBI for Government and other payments does not process any Government transactions on Global holidays (which are 26th January, 15th August, 2nd October, all 2nd and 4th Saturdays of a month and on all Sundays). It is ob...

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RBI/2024-25/102 FIDD.CO.LBS.BC.No.11/02.08.001/2024-25 January 02, 2025 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Nagaland – Assignment of Lead Bank Responsibility The Government of Nagaland has notified formation of a new district, viz., Meluri in the state of Nagaland vide Gazette Notification No.GAB-I/Adm-1/CREATION/21 dated November 02, 2024. Accordingly, it has been d...

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RBI/2024-25/101 FMRD.DIRD.No.09/14.03.004/2024-25 January 01, 2025 To All eligible market participants Madam/Sir, Participation of NaBFID as an AIFI in financial markets Please refer to thepress release dated March 09, 2022wherein it was communicated that the National Bank for Financing Infrastructure and Development (NaBFID) shall be regulated and supervised as an All-India Financial Institution (AIFI) by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of In...

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RBI/2024-25/100 DOR.STR.REC.54/21.04.048/2024-25 December 31, 2024 All Commercial Banks (including Regional Rural Banks and Local Area Banks) All Primary (Urban) Co-operative Banks All State Cooperative Banks & Central Cooperative Banks All Non-Banking Financial Companies (including Housing Finance Companies) All All-India Financial Institutions Madam/Dear Sir, Government Debt Relief Schemes (DRS) ThePrudential Framework for Resolution of Stressed Assets dated June 7, 2...

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RBI/2024-25/99 CO.DPSS.RPPD.No.S987/04.03.001/2024-25 December 30, 2024 The Chairman / Managing Director / Chief Executive Officer of Banks participating in RTGS and NEFT systems Dear Sir / Madam, Introduction of beneficiary bank account name look-up facility for Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) Systems Please refer toStatement on Developmental and Regulatory Policies dated October 9, 2024, proposing the introduction of beneficiar...

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RBI/2024-25/98 FMRD.FMD.No.08/02.03.185/2024-25 December 27, 2024 To All Authorised Dealer Category-I Banks Madam/Sir, Reporting Platform for transactions undertaken to hedge price risk of gold Attention of Authorised Dealer Category-I Banks is invited to the following Directions issued by the Reserve Bank and as amended from time to time: DBOD.No.IBS.817/23.67.001/2002-03 dated October 26, 2002 on Sale of Gold/Silver/Platinum – Forward Contract; Master ...

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RBI/2024-2025/97 CO.DPSS.POLC.No.S972/02-14-006/2024-25 December 27, 2024 All Prepaid Payment Instrument Issuers (Banks and Non-banks), National Payments Corporation of India (NPCI) and System Participants Madam / Dear Sir, Unified Payments Interface (UPI) access for Prepaid Payment Instruments (PPIs) through third-party applications Currently, UPI payments from / to a bank account can be carried out using the UPI application of that bank or of any third-party application provid...

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Guidance Note 2/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024 - reg. The Direct Tax Vivad Se Vishwas Scheme, 2024 (hereinafter referred as 'DTVSV Scheme, 2024' or 'Scheme') has been enacted vide Chapter IV of Finance (No.2) Act, 2024 to provide for dispute resolution in respect of pending income tax litigation. The objective of the Scheme is to, inter alia, reduce pending income tax litigation, generate timely revenue for the Government and benefit taxpa...

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RBI/2024-2025/96 FIDD.CO.FSD.BC.No.10/05.05.010/2024-25 December 6, 2024 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (including Regional Rural Banks and Small Finance Banks) All State Co-operative Banks and District Central Co-operative Banks Madam/Sir, Credit Flow to Agriculture – Collateral free agricultural loans Please refer to ourcircular FIDD.CO.FSD.BC.No.13/05.05.010/2018-19 dated February 7, 2019on the above subject. ...

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RBI/2024-25/95 DoR.RET.REC.52/12.01.001/2024-25 December 06, 2024 All Banks Madam / Dear Sir, Maintenance of Cash Reserve Ratio (CRR) Please refer to ourcircular DOR.RET.REC.33/12.01.001/2022-23 dated May 04, 2022and relative notification on the captioned subject. 2. As announced in theStatement on Developmental and Regulatory Policies dated December 06, 2024, it has been decided to reduce the Cash Reserve Ratio (CRR) of all banks by 50 basis points in two equal tranches of 25...

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RBI/2024-25/94 DoR.SPE.REC.No.51/13.03.00/2024-2025 December 06, 2024 All Scheduled Commercial Banks (including Regional Rural Banks) All Small Finance Banks All Local Area Banks All Payments Banks All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Madam / Sir, Interest Rates on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] Deposits Please refer to paragraph 2 of theStatement on Developmental and Regulatory Policiesissued as a part of theBi-mo...

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No. IBBI/LIQ/79/2024 02nd December, 2024 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities, and All Registered Insolvency Professional Agencies (By mail to registered email addresses and on the website of the IBBI) Dear Madam / Sir, Subject: Extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations mad...

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RBI/2024-25/92 DOR.AML.REC.50/14.06.001/2024-25 December 04, 2024 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments in 03 Entries Please refer to Paragraph 51 of ourMaster Direction on Know Your Customer dated February 25, 2016as amended on November 06, 2024 (MD on KYC), in terms of which “Regulated Entities(REs) sha...

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RBI/2024-25/93 CO.DPSS.POLC.No.S908/02-14-003/2024-25 December 04, 2024 The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators and Participants (Banks and Non-banks) Madam / Dear Sir, Amendment to Framework for Facilitating Small Value Digital Payments in Offline Mode This has reference to the RBI circular CO.DPSS.POLC.No.S1264 / 02-14-003 / 2021-2022 dated January 03, 2022 (updated as on August 24, 2023) which enabled small...

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RBI/2024-25/91 DoS.CO.PPG.SEC.12/11.01.005/2024-25 December 02, 2024, The Chairman / Managing Director / Chief Executive Officer All Commercial Banks (excluding Regional Rural banks) Madam / Dear Sir, Inoperative Accounts / Unclaimed Deposits in banks A reference is invited toRBI circular DOR.SOG (LEG).REC/64/09.08.024/2023-24 dated January 1, 2024on the captioned subject. It requires banks, among other things, to undertake an annual review of accounts/ deposits where there a...

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RBI/2024-25/90 A.P. (DIR Series) Circular No. 19 November 11, 2024 To All Category – I Authorised Dealer Banks Madam / Sir Operational framework for reclassification of Foreign Portfolio Investment to Foreign Direct Investment (FDI) Attention of Authorised Dealer (AD) Category - I banks is invited to theForeign Exchange Management (Non-debt Instruments) Rules, 2019, (hereinafter referred to as ‘Rules’) notified by the Central Government on October 17, 2019. ...

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