Must an authorised dealer bank still report rupee accounts of non-resident banks to RBI?
No. RBI dropped those reporting duties with immediate effect on 2 September 2026. Every other approval your bank needs still stands.
UR
What the rule says
RBI has dropped the reporting duties named in this circular.Deposits and Accounts – Accounts of Non-resident banks · Para 2 · dated Sep 02, 2026 · Read it on the RBI website
The change applies with immediate effect.Deposits and Accounts – Accounts of Non-resident banks · Para 2 · dated Sep 02, 2026 · Read it on the RBI website
RBI took this decision after a review.Deposits and Accounts – Accounts of Non-resident banks · Para 2 · dated Sep 02, 2026 · Read it on the RBI website
RBI issued this direction under the Foreign Exchange Management Act, 1999.Deposits and Accounts – Accounts of Non-resident banks · Para 3 · dated Sep 02, 2026 · Read it on the RBI website
It rests on sections 10(4) and 11(1) of that Act.Deposits and Accounts – Accounts of Non-resident banks · Para 3 · dated Sep 02, 2026 · Read it on the RBI website
Approvals needed under any other law are not affected.Deposits and Accounts – Accounts of Non-resident banks · Para 3 · dated Sep 02, 2026 · Read it on the RBI website
What this means for you
- Your bank can stop these reports from 2 September 2026.
- RBI gave the relief at once, so nothing is phased in.
- Every approval your bank holds under any other law still stands.
What RBI does not decide
- Whether your bank keeps this information for its own use.
- What your own foreign exchange policy should say after this change.
- Who inside the bank signs off that change.
Watch out for
- This circular is addressed to authorised dealer banks.
- Dropping a report does not change the rules on these accounts.
- Read the original circular before you change your internal process.
Where this answer comes from
Every point above rests on one of these documents. BankPulse does not copy their words. It reads them and writes the meaning in plain English, and points you at the paragraph.
Deposits and Accounts – Accounts of Non-resident banks
Dated Sep 02, 2026 · Paragraphs used: Para 2, Para 3
Read it in plain English on BankPulse · Read the original on the RBI website
Checked today. On 21 September 2026, 12:09 PM IST BankPulse checked three things. That every document behind this answer is still there. That its words have not changed. That every paragraph named above still exists.
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People also ask this as
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