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RBI Master Direction Overview

Master Directions

The Reserve Bank of India has started issuing Master Directions on all regulatory matters beginning January 2016. The Master Directions consolidate instructions on rules and regulations framed by the Reserve Bank under various Acts including banking issues and foreign exchange transactions.

The process of issuing Master Directions involves issuing one Master Direction for each subject matter covering all instructions on that subject. Any change in the rules, regulation or policy is communicated during the year by way of circulars/press releases. The Master Directions will be updated suitably and simultaneously whenever there is a change in the rules/regulations or there is a change in the policy. All the changes will get reflected in the Master Directions available on the RBI website along with the dates on which changes are made.

Explanations of rules and regulations will be issued by way of Frequently Asked Questions (FAQs) after issue of the Master Directions in easy to understand language wherever necessary. The existing set of Master Circulars issued on various subjects will stand withdrawn with the issue of the Master Direction on the subject.

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Master Directions

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जुलै 04, 2017
Master Directions on Relief/Savings Bonds
RBI/IDMD/2017-18/54 IDMD.CDD No.8/13.01.299/2017-18 July 1, 2017 The Chairman / Managing Director Head Office (Government Accounts Department) State Bank of India All Nationalized banks (Excluding Punjab and Sind Bank & Andhra Bank) Axis Bank Ltd./ICICI Bank Ltd./HDFC Bank Ltd./ Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, Master Directions on Relief/Savings Bonds The rules and regulations applicable to Relief/Savings Bonds have been updated wit
RBI/IDMD/2017-18/54 IDMD.CDD No.8/13.01.299/2017-18 July 1, 2017 The Chairman / Managing Director Head Office (Government Accounts Department) State Bank of India All Nationalized banks (Excluding Punjab and Sind Bank & Andhra Bank) Axis Bank Ltd./ICICI Bank Ltd./HDFC Bank Ltd./ Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, Master Directions on Relief/Savings Bonds The rules and regulations applicable to Relief/Savings Bonds have been updated wit
जून 08, 2017
Master Direction - Information Technology Framework for the NBFC Sector

RBI/DNBS/2016-17/53 Master Direction DNBS.PPD.No.04/66.15.001/2016-17 June 08, 2017 Master Direction - Information Technology Framework for the NBFC Sector In exercise of the powers conferred in terms of clause (b) of sub-section (1) of 45-

RBI/DNBS/2016-17/53 Master Direction DNBS.PPD.No.04/66.15.001/2016-17 June 08, 2017 Master Direction - Information Technology Framework for the NBFC Sector In exercise of the powers conferred in terms of clause (b) of sub-section (1) of 45-

फेब्रु 23, 2017
updated: 29 Feb, 2024
Master Direction - Money Transfer Service Scheme (MTSS)(Updated as on February 29, 2024)

RBI/FED/2016-17/52 FED Master Direction No.1/2016-17 February 22, 2017 To All Authorised Persons who are Indian Agents under the Money Transfer Service Scheme Madam / Dear Sir, Master Direction – Money Transfer Service Scheme (MTSS) Money T

RBI/FED/2016-17/52 FED Master Direction No.1/2016-17 February 22, 2017 To All Authorised Persons who are Indian Agents under the Money Transfer Service Scheme Madam / Dear Sir, Master Direction – Money Transfer Service Scheme (MTSS) Money T

जाने 19, 2017
updated: 28 Jul, 2021
Master Directions on Access Criteria for Payment Systems (Updated as on July 28, 2021)
RBI/DPSS/2016-17/51 Master Direction DPSS.CO.OD.No.1846/04.04.009/2016-17 January 17, 2017 (Updated as on July 28, 2021) The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks including RRBs/Urban Co-operati
RBI/DPSS/2016-17/51 Master Direction DPSS.CO.OD.No.1846/04.04.009/2016-17 January 17, 2017 (Updated as on July 28, 2021) The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks including RRBs/Urban Co-operati
नोव्हें 17, 2016
updated: 7 Dec, 2021
Master Direction - Insurance (Updated as on December 07, 2021)
RBI/FED/2015-16/5 FED Master Direction No. 9/2015-16 January 1, 2016 (Updated as on December 07, 2021) (Updated as on November 17, 2016) To, All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction - Insurance Issuance of in
RBI/FED/2015-16/5 FED Master Direction No. 9/2015-16 January 1, 2016 (Updated as on December 07, 2021) (Updated as on November 17, 2016) To, All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction - Insurance Issuance of in
नोव्हें 10, 2016
updated: 10 Oct, 2024
Master Directions - Mortgage Guarantee Companies (Reserve Bank) Directions, 2016 (Updated as on October 10, 2024)

RBI/DNBR/2016-17/50
Master Direction DNBR.(PD-MGC) No. 01/23.11.001/2016-17

November 10, 2016
(Updated as on October 10, 2024)
(Updated as on April 04, 2024)
(Updated as on June 20, 2023)
(Updated as on December 29, 2022)
(Updated as on October 05, 2021)
(Updated as on November 22, 2019)
(Updated as on May 25, 2017)

RBI/DNBR/2016-17/50
Master Direction DNBR.(PD-MGC) No. 01/23.11.001/2016-17

November 10, 2016
(Updated as on October 10, 2024)
(Updated as on April 04, 2024)
(Updated as on June 20, 2023)
(Updated as on December 29, 2022)
(Updated as on October 05, 2021)
(Updated as on November 22, 2019)
(Updated as on May 25, 2017)

सप्टें 29, 2016
Master Direction - Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016
RBI/DNBS/2016-17/49 Master Direction DNBS. PPD.01/66.15.001/2016-17 September 29, 2016 NOTIFICATION Master Direction - Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016. In exercise of the powers conferred by sections 45K, 45L a
RBI/DNBS/2016-17/49 Master Direction DNBS. PPD.01/66.15.001/2016-17 September 29, 2016 NOTIFICATION Master Direction - Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016. In exercise of the powers conferred by sections 45K, 45L a
सप्टें 29, 2016
Master Direction - Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016
RBI/DNBS/2016-17/48 Master Direction DNBS. PPD.03/66.15.001/2016-17 September 29, 2016 Master Direction - Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016 In exercise of the powers conferred by sub-section (1
RBI/DNBS/2016-17/48 Master Direction DNBS. PPD.03/66.15.001/2016-17 September 29, 2016 Master Direction - Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016 In exercise of the powers conferred by sub-section (1
सप्टें 29, 2016
Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016
RBI/DNBS/2016-17/47 Master Direction DNBS.PPD.02/66.15.001/2016-17 September 29, 2016 NOTIFICATION Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016 In exercise of the powers conferred by sections 45 JA
RBI/DNBS/2016-17/47 Master Direction DNBS.PPD.02/66.15.001/2016-17 September 29, 2016 NOTIFICATION Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016 In exercise of the powers conferred by sections 45 JA
सप्टें 02, 2016
updated: 6 Sep, 2024
Master Direction- Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 (Updated as on September 06, 2024)

RBI/DNBR/2016-17/46 Master Direction DNBR.PD.009/03.10.119/2016-17 September 02, 2016 (Updated as on September 06, 2024) (Updated as on February 22, 2024) (Updated as on November 10, 2023) (Updated as on December 29, 2022) (Updated as on November 23, 2022) (Updated as on October 05, 2021) (Updated as on November 22, 2019) (Updated as on February 23, 2018) (Updated as on November 09, 2017) Master Direction - Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 The Reserve Bank of India, (the Bank), in exercise of the powers conferred under section 45JA of the Reserve Bank of India Act, 1934 (hereinafter referred to “the Act”), and of all the powers enabling it in this behalf, hereby issues these directions for compliance of the same by every non-banking financial company undertaking the business of Account Aggregator as defined herein. 1. Short title, commencement and applicability of the directions :

RBI/DNBR/2016-17/46 Master Direction DNBR.PD.009/03.10.119/2016-17 September 02, 2016 (Updated as on September 06, 2024) (Updated as on February 22, 2024) (Updated as on November 10, 2023) (Updated as on December 29, 2022) (Updated as on November 23, 2022) (Updated as on October 05, 2021) (Updated as on November 22, 2019) (Updated as on February 23, 2018) (Updated as on November 09, 2017) Master Direction - Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 The Reserve Bank of India, (the Bank), in exercise of the powers conferred under section 45JA of the Reserve Bank of India Act, 1934 (hereinafter referred to “the Act”), and of all the powers enabling it in this behalf, hereby issues these directions for compliance of the same by every non-banking financial company undertaking the business of Account Aggregator as defined herein. 1. Short title, commencement and applicability of the directions :

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