Home › Circulars › RBI/2006-2007/386

NRD-CSR Reporting Upgraded to Version 3.0

Current · Source: Reserve Bank of India · RBI/2006-2007/386 · issued 09 May 2007 · ~2 min read
Quick answerRBI has upgraded the Non-Resident Deposits Comprehensive Single Return (NRD-CSR) to version 3.0, effective for data from April 2007 onwards. Banks must submit revised Stat 5 and Stat 8 returns in Excel via email and send hard copies to DESACS. Key changes include new currencies (AUD, CAD) and modified maturity buckets for FCNR(B) deposits.
The rule, in the simplest words
How it plays out — a real example

Rohan, a gold‑loan officer in Indore, helps a client open an FCNR(B) deposit. He checks the new maturity buckets, records the deposit in the correct bucket, then fills out the Stat 5 return in Excel and emails it to RBI, feeling confident that he’s following the updated rules.

What changed

The NRD-CSR application was upgraded from version 2.1(R) to 3.0 to align with BIS International Banking Statistics compilation changes. Two new currencies—Australian Dollar and Canadian Dollar—were added, and maturity buckets for FCNR(B) deposits were increased. The Stat 5 and Stat 8 returns were revised, and banks must now submit soft copies in Excel format via email, with hard copies sent to DESACS.

What it means for you

Banks dealing in foreign exchange must update their reporting systems to comply with the new NRD-CSR version 3.0, which captures additional currencies and revised maturity structures. The shift to email submission of soft copies streamlines data collection for RBI, but banks need to ensure accurate and timely reporting to avoid compliance gaps. Co-operative and Regional Rural Banks must submit to their respective RBI Regional Offices.

What you must do

Who it affects

All banks authorized to deal in foreign exchange, Banks maintaining Non-Resident Deposit (NRD) accounts, Co-operative Banks and Regional Rural Banks handling NRD accounts

❓ Common questions

What is the effective date for the new NRD-CSR version 3.0?

The new version is effective for data from April 2007 onwards, meaning banks must submit data for April 2007 using the revised formats and software.

Do I need to change the structure of my NRD-CSR data submission?

No, the circular explicitly states there is no change in the structure of the NRD-CSR electronic format. However, the Stat 5 and Stat 8 returns have been revised, and submission must now include a soft copy via email.

Where should I send the hard copy of the returns?

Hard copies should be sent to The Director, Reserve Bank of India, Department of Statistical Analysis & Computer Services (DESACS), Balance of Payments Statistics Division, C-9/8, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051.

📜 Read the original circular — full text as issued by RBI
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P. (DIR Series) Circular No. 55 May 09, 2007 To, All Banks Authorised to Deal in Foreign Exchange Madam / Sir, Upgradation of Non-Resident Deposits–Comprehensive Single Return (NRD-CSR)- Version 2.1(R) to Version 3.0 Attention of banks maintaining Non-Resident Deposit (NRD) Accounts is invited to A. P. (DIR Series) Circular No. 99 dated April 30, 2003 , in terms of which the data on Non-Resident Deposits is required to be submitted in the CSR format on a monthly basis based on the recommendation of the National Statistical Commission. 2. Rationale for the new version – The existing NRD-CSR version 2.1 (R) application package has been revised and upgraded to version 3.0 due to the following changes that have taken place recently : (i) Modification in the IBS format on account of the implementation of the BIS (Bank for International Settlements) System of compilation of International Banking Statistics (IBS) of India; (ii) Addition of two new currencies viz. Australian Dollar (AUD) and Canadian Dollar (CAD) and increase in the maturity buckets in the FCNR (B) deposits [cf DBOD. Dir. BC. 22 / 13.03.00/ 2005-06 dated July 26, 2005] ; and (iii) Need to provide useful tools to the user banks. Accordingly, NRD-CSR (version 3.0) has been developed to capture the above developments, in a user friendly manner. Further, the Stat Returns have also been modified. 3. Manner of Submission As per the extant guidelines, banks authorised to deal in foreign exchange are submitting Stat 5 for FCNR (B) accounts and Stat 8 for NRE accounts to the Foreign Exchange Department, Reserve Bank of India, Trade Division, Central Office, Amar Building, Mumbai. Effective from April 2007, such banks are required to submit a soft copy of the revised Stat 5 and Stat 8 Returns in Microsoft Excel format, by email . A hard copy of the Returns should be sent at the following address. The Director, Reserve Bank of India, Department of Statistical Analysis & Computer Services (DESACS), Balance of Payments Statistics Division, C-9/8, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051. 4. The revised formats of Stat 5 and Stat 8 and the NRD-CSR Version 3.0 Application Software package have been placed on the Reserve Bank's website www.rbi.org.in (under Notification >> FEMA >> Electronic Reporting System). Installation guide and user's guide for the NRD-CSR version 3.0 are available in the zipped file viz. nrdcsr3p0.zip. The revised formats of Stat 5, Stat 8 and the data structure of NRD-CSR are given in Annex – I , Annex – II and Annex – III , respectively. It may be noted that there is no change in the structure of NRD-CSR format. 5. Co-operative Banks and Regional Rural Banks may submit the hard and soft copies of Stat 5 and Stat 8 Returns, in the revised formats/version, beginning with the data for April 2007, to the Regional Offices of the Foreign Exchange Department, Reserve Bank. 6. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Salim Gangadharan) Chief General Manager Annex- III [Annex to A. P. (DIR Series) Circular No. 55 dated May 09, 2007] Non-Resident Deposits - Comprehensive Single Return: Format for Electronic Reporting (version 3.0) Data should be reported in a standard text (ASCII) file with the following format Format for reporting data by bank head offices to RBI in floppy Periodicity : Monthly No Column Description Type Position Remarks Bank Code 7 N 1 to 7 Bank Working and rest are zero. Reporting period [of Stock & flows] (YYYYMM) 6 N 8 to 13 Period of Reporting (YYYYMM) Actual period of data / flows (YYYYMM) [previous to reporting period for back data otherwise same] 6 N 14 to 19 The actual period of the data record. YYYY represents the Year and MM represents the Month N.R. D. Scheme code 4 A 20 to 23 Left justified. As per code Box 1 Account Type 1 A 24 F for Fixed; R for Recurring; S for Savings; C for Current A/c Category of Account holder 1 A 25 I for Individual; S for Student Original Maturity 1 N 26 1 to 9 As per code box 2 Remaining Maturity 1 N 27 1 to 9 As per code box 2 Country (SWIFT code) 2 A 28 to 29 SWIFT Country code A/c Currency (SWIFT code) 3 A 30 to 32 As per code box 3 Record - type Code 2 A 33 to 34 As per Code Box 4 Record - Amount 15 N 35 to 49 Amount in A/c currency in integer (without decimal point). No of Account 15 N 50 to 64 Number of account for which amount has been aggregated Note : (i) The data should be reported only once. Reporting same data repeatedly will lead to inconsistency since each time data is created using the NRD-CSR package, it creates one more file giving Bank name, address & contact details. (ii) In case file is prepared by bank from bank's own system, the details about Bank name, Part I code, postal address, city, pin, name of responsible officer, phone & fax numbers with e-mail id may be reported in the forwarding letter. Further, to ensure accuracy of the format, it is advised that banks should use NRD-CSR 3.0 Head Office module and load data in the Input and get NRD-CS Return in the output after checking the data. Details of codes used in the NRD-CSR electronic reporting format Code Box: 1 Non-Resident Deposit Scheme Code Sr. No. Account under the Scheme Scheme Code Foreign Currency Non-Resident (FCNR) A/c FCNR Non-Resident External (NRE) Rupee Account NRE Non-Resident (Non-Repatriable) (NRNR) Rupee A/c NRNR Non-Resident Special Rupee (NRSR) Account NRSR Non-Resident Ordinary (NRO) Rupee Account NRO Note : NRNR and NRSR Accounts have been discontinued. Code Box: 2 Maturity Code Sr. No. Maturity Classification Maturity Code Up to and inclusive of six months 1 Over six months but less than one year 2 Exactly one year 3 Over one year but less than two years 4 Exactly two years 5 Over two years but less than three years 6 Exactly three years 7 Over three years 8 Unallocated (Savings/Current/Unclaimed Accounts) 9 In case of Savings/Current/Unclaimed Deposit Accounts, the residual maturity cannot be determined. In such cases, the residual maturity should be treated as unallocated (with code 9). Code Box: 3 Currency Code Sr. No. Currency Name Currency Code Australian Dollar AUD Canadian Dollar CAD Euro EUR Great Britain Pound GBP Indian Rupees INR Japanese Yen JPY United States Dollar USD Probable currencies acceptable under Non-Resident Deposits during the last few years as per SWIFT Code. Code Box 4: Record Type Code No. Record Type Description of data item on the record Code Inflows Fresh inflow from abroad (total) FI High value* amount inflow from abroad (of FI) HA Amount of interest reinvested IR Amount renewed / transfer from other A/c PR Local inflow (for NRO Savings A/c) LI Outflows Amount of principal remitted abroad (total) PA High value* amount of principal remitted to abroad (of PA) HP Amount of interest remitted abroad (total) IA High value* amount of interest remitted to abroad (of IA) HI Amount of principal remitted locally PL Amount of interest remitted locally IL Local withdrawals (gifts, tax, donations etc.) LW Transfers to other A/c including renewals TR Balances Opening Balance, including unclaimed OB Closing Balance, including unclaimed CB Unclaimed Balance UC Interest Accrued as on end of Ref. Month AI Interest Suspense Balance (Interest Arrears) SB Average Interest rate (in terms of Basis Points) AR Note : The above codes are to be used for the reporting of data under NRD-CSR System to RBI. The currency-wise cut-off limits of the high value transaction amounts are as below: Currency Code Currency Amount AUD Australian Dollar 30,000 CAD Canadian Dollar 27,500 EUR Euro 20,000 GBP Great Britain Pound 12,500 INR Indian Rupees 10,00,000 JPY Japanese Yen 25,00,000 USD United States Dollar 23,000 2026 All Months January February March April May June July August September October November December 2025 All Months January February March April May June July August September October November December 2024 All Months January February March April May June July August September October November December 2023 All Months January February March April May June July August September October November December 2022 All Months January February March April May June July August September October November December 2021 All Months January February March April May June July August September October November December 2020 All Months January February March April May June July August September October November December 2019 All Months January February March April May June July August September October November December 2018 All Months January February March April May June July August September October November December 2017 All Months January February March April May June July August September October November December Archives 2016 All Months January February March April May June July August September October November December 2015 All Months January February March April May June July August September October November December 2014 All Months January February March April May June July August September October November December 2013 All Months January February March April May June July August September October November December 2012 All Months January February March April May June July August September October November December 2011 All Months January February March April May June July August September October November December 2010 All Months January February March April May June July August September October November December 2009 All Months January February March April May June July August September October November December 2008 All Months January February March April May June July August September October November December 2007 All Months January February March April May June July August September October November December 2006 All Months January February March April May June July August September October November December 2005 All Months January February March April May June July August September October November December 2004 All Months January February March April May June July August September October November December 2003 All Months January February March April May June July August September October November December 2002 All Months January February March April May June July August September October November December 2001 All Months January February March April May June July August September October November December 2000 All Months January February March April May June July August September October November December 1999 All Months January February March April May June July August September October November December 1998 All Months January February March April May June July August September October November December 1997 All Months January February March April May June July August September October November December 1996 All Months January February March April May June July August September October November December 1995 All Months January February March April May June July August September October November December 1994 All Months January February March April May June July August September October November December 1993 All Months January February March April May June July August September October November December 1992 All Months January February March April May June July August September October November December 1991 All Months January February March April May June July August September October November December Top Back to previous page More Links : Bank Holidays Banking Glossary Citizen's Charter Complaints Contact Us COVID-19 Measures E-LMS Events FAQs Financial Education Forms IFSC/MICR Codes Important Websites Opportunities @ RBI RBI Clarifications RBI Kehta Hai RBI’s Vision and Values (1257 kb)--> Right to Information Act Tenders Follow RBI RSS Twitter YouTube Instagram Facebook LinkedIn © Reserve Bank of India. 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Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2006-2007/386 · issued 09 May 2007. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
💻 IT / Systems
  • Download and install NRD-CSR version 3.0 software from RBI's website (under Notification >> FEMA >> Electronic Reporting System).
  • Ensure your system captures the new currencies (AUD, CAD) and updated FCNR(B) maturity buckets as per DBOD circular dated July 26, 2005.
📜 Compliance
  • Submit revised Stat 5 and Stat 8 returns in Microsoft Excel format via email for data from April 2007 onwards.
  • Send hard copies of the returns to the Director, DESACS, at the specified Mumbai address.
  • For Co-operative Banks and Regional Rural Banks, submit soft and hard copies to the Regional Offices of the Foreign Exchange Department, Reserve Bank.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are an IT/Systems lead at a bank this circular applies to (All banks authorized to deal in foreign exchange, Banks maintaining Non-Resident Deposit (NRD) accounts, Co-operative Banks and Regional Rural Banks handling NRD accounts), your first concrete step on “NRD-CSR Reporting Upgraded to Version 3.0” is: “Download and install NRD-CSR version 3.0 software from RBI's website (under Notification >> FEMA >> Electronic Reporting System).” (RBI issued this 09 May 2007).

  1. Circular: RBI/2006-2007/386 -- NRD-CSR Reporting Upgraded to Version 3.0
  2. Issued: 09 May 2007
  3. Action required: Download and install NRD-CSR version 3.0 software from RBI's website (under Notification >> FEMA >> Electronic Reporting System).
  4. Action required: Submit revised Stat 5 and Stat 8 returns in Microsoft Excel format via email for data from April 2007 onwards.
  5. Action required: Send hard copies of the returns to the Director, DESACS, at the specified Mumbai address.
  6. Action required: Ensure your system captures the new currencies (AUD, CAD) and updated FCNR(B) maturity buckets as per DBOD circular dated July 26, 2005.
  7. Action required: For Co-operative Banks and Regional Rural Banks, submit soft and hard copies to the Regional Offices of the Foreign Exchange Department, Reserve Bank.
  8. Owner: ____________ Target date: ____________
  9. Board/committee approval needed? Y / N
  10. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

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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=3505&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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