OLTAS Software Validations Submission to Directorate of Income Tax (Systems)
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2005-06/98 · issued 06 Aug 2005 · ~1 min read
Quick answerRBI directs all agency banks to urgently furnish all OLTAS software validations and default values to the Directorate of Income Tax (Systems) for scrutiny, with a copy to RBI.
What changed
RBI has decided that banks must submit their OLTAS software validations and default values to the Directorate of Income Tax (Systems) for scrutiny, to address data errors caused by non-validation per Central Board of Direct Taxes requirements.
What it means for you
Banks must ensure their OLTAS software validations are submitted for scrutiny to improve data quality transmitted to TIN and CAS.
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
Compile all software validations and default values related to OLTAS in your bank.
Submit these details urgently to the Directorate of Income Tax (Systems) at ARA Centre, Ground Floor, E-2 Jhandelawalan Extension, New Delhi 110 055.
Send a copy of the submission to RBI as advised.
Who it affects
All agency banks including Jammu and Kashmir Bank Ltd.
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 19:59 IST
Status change: withdrawn09 Jul 2026, 04:04 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
Why is RBI requiring submission of OLTAS software validations?
To enable scrutiny of validations and default values, as non-validation per Central Board of Direct Taxes requirements has been a reason for errors in data reported to TIN and CAS.
What do we need to submit and to whom?
All software validations and default values built into your OLTAS system must be sent to the Directorate of Income Tax (Systems) at ARA Centre, Ground Floor, E-2 Jhandelawalan Extension, New Delhi 110 055, with a copy to RBI.
Is there a deadline for this submission?
The circular says 'urgently,' so banks should act promptly without delay.
📜 Read the original circular — full text as issued by RBI
RBI/2005-06/98
DGBA. GAD. No. H- 492 /42.01.034/ 2005-06
August 6, 2005
The Chairman/Chairman and Managing Director
All Agency Banks including
Jammu and Kashmir Bank Ltd.
Dear Sir,
OLTAS- Software Validations at Banks
As you are aware, validation of software of banks is essential for ensuring quality of data transmitted by banks to TIN and CAS, RBI, Nagpur under OLTAS. One of the reasons for errors in the data reported has been attributed to non-validation of the software by banks as per the requirements of Central Board of Direct Taxes. It has, therefore, been decided to scrutinize the validations/default value built in by banks in this regard.
2. You are, therefore, advised to furnish urgently all the software validations/ default values built in pertaining to OLTAS to Directorate of Income Tax (Systems), ARA Centre, Ground Floor, E-2 Jhandelawalan Extension, New Delhi 110 055, under advice to us, to enable them to scrutinize the same and advise you in case of need.
Yours faithfully,
(M.T.Varghese)
General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2005-06/98 · issued 06 Aug 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=2478&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.
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