Home › Circulars › RBI/2004-05/454

OSMOS Returns Filing Deadlines Tightened Effective Quarter Ending June 2005

No longer current — replaced by RBI Master Direction on Filing Supervisory Returns (110MD27022024)

Source: Reserve Bank of India · RBI/2004-05/454 · issued 04 May 2005 · ~2 min read

Quick answerRBI has reduced the time limit for filing monthly OSMOS returns to 15 days and quarterly returns to 21 days for all scheduled commercial banks (excluding RRBs), effective quarter ending June 2005. This replaces the earlier 21/30-day limits for foreign/new private and public/old private banks respectively.

What changed

The time limit for filing monthly off-site returns under OSMOS has been reduced from 21 days to 15 days for foreign and new private banks, and from 30 days to 15 days for public sector and old private sector banks. For quarterly returns, the limit has been reduced from 30 days to 21 days for public and old private banks, while foreign and new private banks already had a 21-day limit which remains unchanged. The revised schedule applies from the quarter ending June 2005.

What it means for you

Banks must now submit monthly OSMOS returns within 15 days and quarterly returns within 21 days of the reference period close, significantly compressing the data consolidation window. This reflects RBI's expectation that improved computerisation and branch networking enable faster data aggregation. Non-adherence to the revised schedule could invite supervisory scrutiny, as the regulator emphasises personal attention from top management.

Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.

What banks were required to do at the time

Update internal data collection and consolidation processes to meet the 15-day monthly and 21-day quarterly deadlines from June 2005.
Ensure branch-level systems are aligned to transmit data promptly to central offices for timely return filing.
Assign a senior officer to monitor compliance with the revised schedule and report any bottlenecks to the CEO.
Acknowledge receipt of this circular to RBI as instructed.

Who it affects

All scheduled commercial banks excluding Regional Rural Banks, Foreign banks operating in India, New private sector banks, Public sector banks, Old private sector banks

❓ Common questions

Regulatory timeline

Decoded by BankPulse 2026-06-19 20:49 IST
Superseded by — RBI Master Direction on Filing Supervisory Returns (110MD27022024)
Status change: superseded 09 Jul 2026, 04:03 IST

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What is the new deadline for monthly OSMOS returns?

Effective from the quarter ending June 2005, all banks must file monthly OSMOS returns within 15 days from the close of the month, replacing the earlier 21-day limit for foreign/new private banks and 30-day limit for public/old private banks.

Does this circular affect quarterly return deadlines?

Yes, for public sector and old private sector banks, the quarterly return deadline is reduced from 30 days to 21 days. For foreign and new private banks, the existing 21-day quarterly deadline remains unchanged.

Which returns are covered under the revised schedule?

The revised deadlines apply to Tranche I and II returns including monthly returns like ALE, RAQ, STL, IRS, MAP, SIR, and quarterly returns such as RCA, ROR, RLC, RCL, ROC, RBS1, RIS, and others as listed in the circular.

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Superseded by RBI Master Direction on Filing Supervisory Returns (110MD27022024)

📜 Read the original circular — full text as issued by RBI

RBI/2004-05/454

 DBS. CO. OSMOS. BC. No. 20 /33.01.001/2004-05 

 May 04, 2005 

 To

 Chairmen/Chief Executive Officers,

 All Scheduled Commercial Banks (excl. RRBs) 

 Dear Sir, 

 Supervisory Reporting System – Off-site 
 Monitoring and Surveillance (OSMOS) - DSB Returns - Time for Filing the Returns 

 As you aware, pursuant to the new 
 supervision approach approved by the Board for Financial Supervision (BFS), 
 an off-site monitoring and surveillance (OSMOS) system comprising a set of periodic 
 returns was introduced in 1995. Since then, the reporting system has travelled 
 a long way both in terms of coverage and technological upgradation. With the 
 stabilisation of the reporting system, it has become a very important tool in 
 regulation and supervision. 

 While introducing the OSMOS system 
 in 1995, the time limit for filing the returns was set at 21 days for Foreign 
 and New Private Banks and 30 days for Public Sector and Old Private Sector Banks. 
 The time limits for filing the returns were set keeping in view of the state 
 of technology, spread of branch network, etc. at that time. During the last 
 one decade, the level of computerisation and branch networking has gone up significantly 
 in the banking industry which should, inter-alia, enable the banks to collect 
 and consolidate data more expeditiously. 

 In view of the increasing importance 
 of off-site data in regular monitoring of banks, it is imperative that the data 
 be made available with minimum lag possible from the reference date. Accordingly, 
 it has been decided that effective quarter ended June 2005, the time limit for 
 filing the monthly and quarterly off-site returns stands changed to 15 days 
 and 21 days respectively from the close of the relevant period for all categories 
 of banks, a detail schedule of submission of various returns is given in the 
 enclosed sheet . We request you to bestow personal attention 
 to ensure that the revised schedule is strictly adhered to from June 2005 onwards. 

 Please acknowledge receipt of the 
 circular. 

 Yours faithfully, 

 Sd/-

 (G. Gopalakrishna)

 Chief General Manager-in-Charge 

 Revised Time Schedule for Submission 
 of Off Site Returns effective from June 2005 

 Returns

Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2004-05/454 · issued 04 May 2005. The plain-English explanation above is BankPulse’s own independent summary.

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BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=2242&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.