Home › Circulars › RBI/2012-13/252

NBFCs Must Test FINnet Gateway for PMLA Reports

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2012-13/252 · issued 16 Oct 2012 · ~1 min read
Quick answerFIU-IND directs all NBFCs to start uploading anti-money laundering reports in test mode on the FINnet Gateway from August 31, 2012, while continuing CD submissions until further notice.

What changed

FIU-IND has asked NBFCs to begin submitting reports under the Prevention of Money Laundering Rules on the FINnet Gateway in test mode from August 31, 2012. This is a step toward full electronic reporting, replacing the earlier CD-based system. NBFCs must keep sending existing CD reports until further notice.

What it means for you

NBFCs now have a dual reporting burden: they must test the new XML-based electronic upload on FINnet while maintaining legacy CD submissions. This tests their system readiness for the eventual mandatory electronic filing. Non-compliance could delay the transition and invite regulatory scrutiny.

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

Who it affects

All Non-Banking Financial Companies (NBFCs), Residuary Non-Banking Companies (RNBCs)

❓ Common questions

Regulatory timeline

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

What is the FINnet Gateway test mode?

It is a trial environment where NBFCs upload PMLA reports electronically using the new XML format to verify their system's ability to submit data to FIU-IND.

Do we stop sending CD reports now?

No. You must continue submitting existing reports on CD until FIU-IND announces the go-live of the FINnet project.

What happens if we don't test on FINnet?

Failure to test may delay your readiness for mandatory electronic filing, potentially leading to non-compliance with PMLA reporting obligations.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1215: DNBS(PD).CC.No.307/03.10.42/2012-13 — "Uploading of Reports in 'Test Mode' on FINnet Gateway Reporting" dated October 16, 2012”
📜 Read the original circular — full text as issued by RBI
RBI/2012-13/252 DNBS(PD).CC. No307/03.10.42/2012-13 October 16, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Uploading of Reports in 'Test Mode' on FINnet Gateway Reporting Please refer to Company Circular No 247 dated October 28, 2011 on 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards (AML) -'Prevention of Money Laundering Act, 2002  - Obligations of NBFCs in terms of Rules notified thereunder’- Reporting Format under Project FINnet. In terms of the extant instructions, regarding introduction of single XML reporting format under Project FINnet for furnishing reports under Rule 3 of PML Rules to FIU-IND, NBFCs were requested to carefully go through the revised reporting format and initiate urgent steps to build capacity to generate reports, which are compliant with the new reporting XML format specifications and be in readiness to implement the new format as and when advised by FIU-IND. 2. FIU-IND have now advised vide their letter F.No.9-29/2011-FIU-IND dated August 28, 2012, that all NBFCs should initiate submission of reports on the FINnet Gateway in ‘TEST MODE’ from August 31, 2012 to test their ability to upload the report electronically. Such submission in ‘Test Mode’ would continue till FIU-IND informs the NBFCs about ‘go-live’ of the project. NBFCs are also required to continue to submit the existing reports in CD as presently required till further notice. 3. All NBFCs are accordingly advised to take action as required by FIU-IND. Yours sincerely, (C. R. Samyuktha) Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2012-13/252 · issued 16 Oct 2012. The plain-English explanation above is BankPulse’s own independent summary.
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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=7631&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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