Notifications

RBI/DOR/2025-26/117 DOR.FIN.REC.No. 324/20.16.056/2025-26December 04, 2025 Reserve Bank of India (Non-Banking Financial Companies – Credit Information Reporting) Amendment Directions, 2025

RBI/DOR/2025-26/116 DOR.FIN.REC.No.323/20.16.056/2025-26 December 04, 2025 Reserve Bank of India (All India Financial Institutions – Credit Information Reporting) Amendment Directions, 2025 The Reserve Bank had issued Reserve Bank of India (All India Financial Institutions – Credit Information Reporting) Directions, 2025 for efficient functioning of credit information reporting system in the country. There is a need to further amend the same based on a review of the extant instructions.

RBI/DOR/2025-26/115 DOR.FIN.REC.No. 322/20.16.056/2025-26 December 04, 2025 Reserve Bank of India (Rural Co-operative Banks – Credit Information Reporting) Amendment Directions, 2025 The Reserve Bank had issued Reserve Bank of India (Rural Co-operative Banks – Credit Information Reporting) Directions, 2025 for efficient functioning of credit information reporting system in the country. There is a need to further amend the same based on a review of the extant instructions.

RBI/DOR/2025-26/114 DoR.FIN.REC.No. 321/20.16.056/2025-26 December 04, 2025 Reserve Bank of India (Urban Co-operative Banks – Credit Information Reporting) Amendment Directions, 2025

RBI/DOR/2025-26/113 DOR.FIN.REC.No. 320/20.16.056/2025-26 December 04, 2025 Reserve Bank of India (Regional Rural Banks – Credit Information Reporting) Amendment Directions, 2025

RBI/DOR/2025-26/112 DOR.FIN.REC.No. 319/20.16.056/2025-26 December 04, 2025 Reserve Bank of India (Local Area Banks – Credit Information Reporting) Amendment Directions, 2025

RBI/DOR/2025-26/111 DOR.FIN.REC.No. 318/20.16.056/2025-26 December 04, 2025 Reserve Bank of India (Small Finance Banks – Credit Information Reporting) Amendment Directions, 2025

RBI/DOR/2025-26/110 DOR.FIN.REC.No. 317/20.16.056/2025-26 December 04, 2025 Reserve Bank of India (Commercial Banks – Credit Information Reporting) Amendment Directions, 2025

RBI/2025-26/109 DOR.MCS.REC.No.316/01-01-038/2025-26 December 04, 2025 Reserve Bank of India (Rural Co-operative Banks - Responsible Business Conduct) Amendment Directions, 2025 The Basic Savings Bank Deposit (BSBD) Account was introduced as a savings bank account which offers certain minimum facilities, free of charge, to the holders of such accounts with an objective of deepening financial inclusion. In order to provide affordable banking facilities to public, to drive enhanced usage of BSBD accounts and also in the interest of better customer service for BSBD account holders, it was decided to review the extant instructions on BSBD account and accordingly, the draft Reserve Bank of India (Basic Savings Bank Deposit Account) Directions, 2025 was issued on October 1, 2025 for public consultation / feedback. The public / stakeholder feedback has since been analysed and it has been decided to issue the final instructions on BSBD account to Rural Co-operative Banks (hereinafter individually referred to as an ‘RCB’) through amendment to the Reserve Bank of India (Rural Co-operative Banks - Responsible Business Conduct) Directions, 2025.

RBI/2025-26/108 DOR.MCS.REC.No.315/01-01-037/2025-26 December 04, 2025 Reserve Bank of India (Urban Co-operative Banks - Responsible Business Conduct) Amendment Directions, 2025 The Basic Savings Bank Deposit (BSBD) Account was introduced as a savings bank account which offers certain minimum facilities, free of charge, to the holders of such accounts with an objective of deepening financial inclusion. In order to provide affordable banking facilities to public, to drive enhanced usage of BSBD accounts and also in the interest of better customer service for BSBD account holders, it was decided to review the extant instructions on BSBD account and accordingly, the draft Reserve Bank of India (Basic Savings Bank Deposit Account) Directions, 2025 was issued on October 1, 2025 for public consultation / feedback. The public / stakeholder feedback has since been analysed and it has been decided to issue the final instructions on BSBD account to Urban Co-operative Banks (hereinafter individually referred to as a ‘UCB’) through amendment to the Reserve Bank of India (Urban Co-operative Banks - Responsible Business Conduct) Directions, 2025.

RBI/2025-26/107 DOR.MCS.REC.No.314/01-01-036/2025-26 December 04, 2025 Reserve Bank of India (Regional Rural Banks - Responsible Business Conduct) Amendment Directions, 2025 The Basic Savings Bank Deposit (BSBD) Account was introduced as a savings bank account which offers certain minimum facilities, free of charge, to the holders of such accounts with an objective of deepening financial inclusion. In order to provide affordable banking facilities to public, to drive enhanced usage of BSBD accounts and also in the interest of better customer service for BSBD account holders, it was decided to review the extant instructions on BSBD account and accordingly, the draft Reserve Bank of India (Basic Savings Bank Deposit Account) Directions, 2025 was issued on October 1, 2025 for public consultation / feedback. The public / stakeholder feedback has since been analysed and it has been decided to issue the final instructions on BSBD account to Regional Rural Banks (hereinafter individually referred to as an ‘RRB’) through amendment to the Reserve Bank of India (Regional Rural Banks - Responsible Business Conduct) Directions, 2025.

RBI/2025-26/106 DOR.MCS.REC.No.313/01-01-035/2025-26 December 04, 2025 Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Amendment Directions, 2025 The Basic Savings Bank Deposit (BSBD) Account was introduced as a savings bank account which offers certain minimum facilities, free of charge, to the holders of such accounts with an objective of deepening financial inclusion. In order to provide affordable banking facilities to public, to drive enhanced usage of BSBD accounts and also in the interest of better customer service for BSBD account holders, it was decided to review the extant instructions on BSBD account and accordingly, the draft Reserve Bank of India (Basic Savings Bank Deposit Account) Directions, 2025 was issued on October 1, 2025 for public consultation / feedback. The public / stakeholder feedback has since been analysed and it has been decided to issue the final instructions on BSBD account to Local Area Banks (hereinafter individually referred to as an ‘LAB’) through amendment to the Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Directions, 2025.

RBI/2025-26/105 DOR.MCS.REC.No.312/01-01-034/2025-26 December 04, 2025 Reserve Bank of India (Payments Banks - Responsible Business Conduct) Amendment Directions, 2025 The Basic Savings Bank Deposit (BSBD) Account was introduced as a savings bank account which offers certain minimum facilities, free of charge, to the holders of such accounts with an objective of deepening financial inclusion. In order to provide affordable banking facilities to public, to drive enhanced usage of BSBD accounts and also in the interest of better customer service for BSBD account holders, it was decided to review the extant instructions on BSBD account and accordingly, the draft Reserve Bank of India (Basic Savings Bank Deposit Account) Directions, 2025 was issued on October 1, 2025 for public consultation / feedback. The public / stakeholder feedback has since been analysed and it has been decided to issue the final instructions on BSBD account to Payments Banks (hereinafter individually referred to as a ‘PB’) through amendment to the Reserve Bank of India (Payments Banks - Responsible Business Conduct) Directions, 2025.

RBI/2025-26/104 DOR.MCS.REC.No.311/01-01-033/2025-26 December 04, 2025 Reserve Bank of India (Small Finance Banks - Responsible Business Conduct) Amendment Directions, 2025 The Basic Savings Bank Deposit (BSBD) Account was introduced as a savings bank account which offers certain minimum facilities, free of charge, to the holders of such accounts with an objective of deepening financial inclusion. In order to provide affordable banking facilities to public, to drive enhanced usage of BSBD accounts and also in the interest of better customer service for BSBD account holders, it was decided to review the extant instructions on BSBD account and accordingly, the draft Reserve Bank of India (Basic Savings Bank Deposit Account) Directions, 2025 was issued on October 1, 2025 for public consultation / feedback. The public / stakeholder feedback has since been analysed and it has been decided to issue the final instructions on BSBD account to Small Finance Banks (hereinafter individually referred to as a ‘bank’) through amendment to the Reserve Bank of India (Small Finance Banks - Responsible Business Conduct) Directions, 2025.

RBI/2025-26/103 DOR.MCS.REC.No.310/01-01-032/2025-26 December 04, 2025 Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Amendment Directions, 2025 The Basic Savings Bank Deposit (BSBD) Account was introduced as a savings bank account which offers certain minimum facilities, free of charge, to the holders of such accounts with an objective of deepening financial inclusion. In order to provide affordable banking facilities to public, to drive enhanced usage of BSBD accounts and also in the interest of better customer service for BSBD account holders, it was decided to review the extant instructions on BSBD account and accordingly, the draft Reserve Bank of India (Basic Savings Bank Deposit Account) Directions, 2025 was issued on October 1, 2025 for public consultation / feedback. The public / stakeholder feedback received has since been analysed and it has been decided to issue the final instructions on BSBD account to commercial banks (excluding Small Finance Banks, Payments Banks and Local Area Banks) (hereinafter individually referred to as a ‘bank’) through amendment to the Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025.

RBI/2025-26/102 A.P. (DIR Series) Circular No.17 December 03, 2025 To All Authorised Persons Madam/Dear Sir,

RBI/2025-26/101 CO.DPSS.POLC.No. S-955/02-30-010/2025-26 November 28, 2025 All Payment System Providers and Payment System Participants Madam / Sir, Compliance with Know Your Customer (KYC) norms The Reserve Bank has, today, repealed the RBI Master Direction DBR.AML.BC.No.81/14.01.001/2015-16 dated February 25, 2016 (as updated from time to time) with immediate effect.

RBI/2025-26/100 DOR.RRC.REC.302/33-01-010/2025-26 November 28, 2025 Consolidation of Regulations – Withdrawal of circulars Please refer to the press release issued on November 28, 2025 announcing the release of 244 Master Directions consolidating the instructions currently administered by the Department of Regulation (DoR) of the Reserve Bank of India.

RBI/2025-26/99 A.P. (DIR Series) Circular No. 16 November 28, 2025 All Authorised Persons Madam / Sir, Compliance with Know Your Customer (KYC) norms Attention of Authorised Persons is invited to instructions contained in Section I and Section VI of ‘Master Direction – Money Changing Activities’; Para 27(4) of ‘Master Direction – Overseas Investment’; Para 6.5 of ‘Master Direction – Other Remittance Facilities’; and Para 3.2.b and 8(i) of ‘Master Direction – Money Transfer Service Scheme (MTSS)’ on compliance with KYC norms.

RBI/FED/2025-26/98 A.P. (DIR Series) Circular. No 15/2025-26 November 24, 2025 To, All Authorised Persons Madam / Sir, Amendments to Directions - Compounding of Contraventions under FEMA, 1999 Attention of Authorised Persons is invited to Master Directions on compounding of contraventions under FEMA, 1999, dated April 22, 2025. 2. In order to streamline the receipt of compounding

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai 400 001 Notification No. FEMA 23(R)/(7)/2025-RB November 13, 2025 Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2025 In exercise of the powers conferred by Section 7, Section 8 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 amendments to the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 [Notification No. FEMA 23(R)/2015-RB dated January 12, 2016] (hereinafter referred to as 'the Principal Regulations'), namely:

RBI/2025-26/97 DOR. AML.REC. 61 /14.06.001/2025-26 November 14, 2025 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: Delisting of 02 Entries Please refer to paragraph 51 of the RBI Master Direction on Know Your Customer dated February 25, 2016 as amended on August 14, 2025 (MD on KYC), in terms of which “Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activities (Prevention) (UAPA) Act, 1967 and amendments thereto, they do not have any account in the name of individuals/entities appearing in the lists of individuals and entities, suspected of having terrorist links, which are approved by and periodically circulated by the United Nations Security Council (UNSC).”

RBI/2025-26/96 DOR.STR.REC.60/21.04.048/2025-26 November 14, 2025 Reserve Bank of India (Trade Relief Measures) Directions, 2025 Chapter I: Preliminary Preamble 1. Reserve Bank is statutorily mandated to operate the credit system of the country to its advantage. In this endeavour, and with a view to mitigating the burden of debt servicing brought about by trade disruptions caused by global headwinds and to ensure the continuity of viable businesses, Reserve Bank being satisfied that it is necessary and expedient in the public interest to do so, issues these Directions hereinafter specified.

RBI/2024-25/95 DOR.MCS.REC.59/01.01.003/2025-26 October 28, 2025 Reserve Bank of India (Nomination Facility in Deposit Accounts, Safe Deposit Lockers and Articles kept in Safe Custody with the Banks) Directions, 2025 I. Introduction The nomination facility is intended to facilitate expeditious settlement of claims by banks upon death of a deceased customer and to minimise hardship faced by the family members. The Government of India

RBI/2025-26/94 DOR. AML.REC. 58 /14.06.001/2025-26 October 24, 2025 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 to 01 Entry

RBI/2025-26/93 DOR. AML.REC. 57/14.06.001/2025-26 October 23, 2025 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 to 01 Entry

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 Notification No. FEMA 10(R)(7)/2025-RB October 06, 2025 Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Seventh 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 Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 [Notification No. FEMA 10(R)/2015-RB dated January 21, 2016] (hereinafter referred to as 'the principal regulations'), namely:

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 Notification No. FEMA 3(R)(4)/2025-RB October 06, 2025 Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2025 In exercise of the powers conferred by sub-section (2) of Section 6 and 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 (Borrowing and Lending) Regulations, 2018 (Notification No. FEMA.3(R)/2018-RB dated December 17, 2018) (hereinafter referred to as 'the Principal Regulations'), namely:

RBI/2025-26/92 DOR.AML.REC.56/14.06.001/2025-26 October 09, 2025 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: Amendment of 02 Entries

EXECUTIVE DIRECTOR Reserve Bank of India Mumbai Reserve Bank - Integrated Ombudsman Scheme, 2021 (RB-IOS, 2021) NOTIFICATION Ref. CO.CEPD.PRS.No.S684/13-55-001/2025-2026 October 07, 2025

RBI/2025-26/91 A.P. (DIR Series) Circular No. 14 October 03, 2025 To, All Authorised Dealer Category-I banks Madam / Sir, International Trade Settlement in Indian Rupees (INR)

RBI/2025-26/90 A.P. (DIR Series) Circular No. 13 October 03, 2025 To, All Authorised Dealer Category-I banks Madam / Sir Investment in Corporate Debt Securities by Persons Resident Outside India through Special Rupee Vostro account

RBI/2025-26/89 A.P. (DIR Series) Circular No.12 October 01, 2025 All Authorised Dealer Category-I Banks Madam / Sir, Export Data Processing and Monitoring System (EDPMS) & Import Data Processing and Monitoring System (IDPMS) – reconciliation of export /import entries – Review of Guidelines

RBI/2025-26/88 A.P. (DIR Series) Circular No. 11 October 01, 2025 All Authorised Dealer Category-I Banks Madam / Sir, Merchanting Trade Transactions (MTT) – Review of time period for outlay of foreign exchange

RESERVE BANK OF INDIA (Financial Markets Regulation Department) (CENTRAL OFFICE) NOTIFICATION MUMBAI, the 29th September, 2025 Foreign Exchange Management (Debt Instruments) (Fourth Amendment) Regulations, 2025 No. FEMA.396(4)/2025-RB. — In exercise of the powers conferred by clause (a) of sub-section (2) of section 6 and 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 (Debt Instruments) Regulations, 2019 (Notification No. FEMA.396/2019-RB dated October 17, 2019) (hereinafter referred to as 'the Principal Regulation'), namely:-

RBI/2025-26/81 CO.DPSS.RLPD.No.S680/04-07-001/2025-2026 September 26, 2025 The Chairman / Managing Director / Chief Executive Officer of Banks participating in Cheque Truncation System/ National Payments Corporation of India Madam / Dear Sir,

RBI/2025-26/78 A. P. (DIR Series) Circular No. 10 September 22, 2025 To, All Authorised Persons Madam/Sir, Participation of Standalone Primary Dealers in Non-deliverable Rupee Derivative Markets Attention of Authorised Persons is invited to the Foreign

RBI/2025-26/77 CO.DPSS.ODD.No.S604/06-08-024/2025-2026 September 05, 2025 To All SCBs (including RRBs), UCBs, StCBs, DCCBs, Payment Banks and Small Finance Banks Madam / Dear Sir, Returns – Department of Payment and Settlement Systems – Submission in CIMS

RBI/2025-26/76 DOR.AML.REC.48/14.06.001/2025-26 August 25, 2025 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 to 05 Entries Please refer to paragraph 51 of the RBI Master Direction on Know Your Customer dated February 25, 2016 as amended on August 14, 2025 (MD on KYC), in terms of which “Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activities (Prevention) (UAPA) Act, 1967 and amendments thereto, they do not have any account in the name of individuals / entities appearing in the lists of individual

RBI/2025-26/75 DOR.AML.REC.46 /14.01.001/2025-26 August 14, 2025 Reserve Bank of India (Know Your Customer (KYC)) (2nd Amendment) Directions, 2025 Reserve Bank had issued Reserve 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 based on a review of the extant instructions.

RBI/2025-26/73 CO.DPSS.RLPD.No.S536/04-07-001/2025-2026 August 13, 2025 The Chairman / Managing Director / Chief Executive Officer of Banks participating in Cheque Truncation System/ National Payment Corporation of India Dear Sir / Madam, Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System

RBI/2025-26/72 A.P. (DIR Series) Circular No. 09 August 12, 2025 To, All Authorised Dealer Category-I banks Madam / Sir Investment in Government Securities by Persons Resident Outside India through Special Rupee Vostro account

RBI/2025-2026/71 A.P. (DIR Series) Circular No.08 August 05, 2025 To All Category-I Authorised Dealer Banks Madam/Sir International Trade Settlement in Indian Rupees (INR)

RBI/2025-26/69 DoR.RET.REC.41/12.07.160/2025-26 July 25, 2025 All Banks, Madam / Sir, Inclusion of “Ahmednagar Merchant’s Co-op. Bank Ltd., Ahmednagar” in the Second Schedule of the Reserve Bank of India Act, 1934

RBI/2025-26/70 DoR.RET.REC.42/12.07.160/2025-26                July 25, 2025 All Banks, Madam / Sir, Inclusion of “Deogiri Nagari Sahakari Bank Ltd., Chhatrapati Sambhajinagar” in the Second Schedule of the Reserve

RBI/2025-26/68 FIDD.CO.LBS.BC. No.14/02.08.001/2025-26 July 18, 2025 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility The Government of Arunachal Pradesh has notified formation of two new districts, viz., Keyi Panyor and Bichom in the state of Arunachal Pradesh vide Gazette Notification No. Law/Legn-5/2024 dated February 23, 2024. Accordingly, it has been decided to designate the Lead Banks of the new districts as below

RBI/2025-26/67 DoR.RET.REC.40/12.07.160/2025-26 July 17, 2025 All Banks, Madam / Sir, Inclusion of “NSDL Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934

RBI/2025-2026/66 FIDD.CO.FSD.BC.No. 08/05.05.010/2025-26 July 11, 2025 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, Lending Against Gold and Silver Collateral - Voluntary Pledge of Gold and Silver as Collateral for Agriculture and MSME Loans

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai 400001 Notification No. FEMA 23(R)/(6)/2025-RB June 24, 2025 Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2025

RBI/2025-26/63 CO.DPSS.POLC.No.S 339/02-01-001/2025-2026 June 27, 2025 The Chairman / Managing Director / Chief Executive All Scheduled Commercial Banks including RRBs / Urban Cooperative Banks / State Cooperative Banks / District Central Cooperative Banks / National Payments Corporation of India (NPCI) Madam / Dear Sir, Aadhaar Enabled Payment System – Due Diligence of AePS Touchpoint Operators