Home › Circulars › RBI/2012-13/373

FIU-IND Mandates FINnet Gateway for Report Submission

Current · Source: Reserve Bank of India · RBI/2012-13/373 · issued 10 Jan 2013 · ~1 min read
Quick answerFIU-IND has set October 20, 2012 as the go-live date for mandatory report submission via FINnet Gateway in XML format. CD-based submissions will be invalid after this date. All authorised persons must transition immediately.
The rule, in the simplest words
How it plays out — a real example

A gold‑loan officer in Indore receives a customer’s transaction details, creates the required XML file, logs into the FINnet Gateway, uploads the file before the deadline, and feels relieved that the submission is accepted, avoiding a regulatory warning.

What changed

FIU-IND confirmed October 20, 2012 as the go-live date for the FINnet Gateway, replacing CD-based report submission. After this date, only XML format reports uploaded via FINnet will be accepted; CD submissions will be considered invalid.

What it means for you

Banks and authorised persons must stop submitting reports on CDs and shift entirely to the FINnet Gateway using the new XML format. Non-compliance will result in submissions being rejected by FIU-IND, potentially leading to regulatory issues. This aligns with earlier test-mode guidance from October 2012.

What you must do

Who it affects

All authorised persons (banks, financial institutions, intermediaries) under FEMA, Entities required to submit reports to FIU-IND under PMLA

❓ Common questions

What happens if we submit a report in CD format after October 20, 2012?

FIU-IND will not treat such submissions as valid. Only reports uploaded via FINnet Gateway in XML format will be accepted.

Who should we contact for help with the FINnet Gateway?

You can reach the FIU-IND help desk via email or telephone at 011-24109792/93 for any clarification or assistance.

📜 Read the original circular — full text as issued by RBI
RBI/2012-13/373 A.P. (DIR Series) Circular No. 72 January 10, 2013 To All Authorised Persons Madam/Sir, Uploading of Reports on FINnet Gateway Please refer to our A.P.(DIR Series) Circular No. 42  dated October 12, 2012 , advising all Authorised Persons to initiate submission of reports on the FINnet Gateway in 'Test Mode' from August 31, 2012. 2. FIU-IND have now advised that the 'go-live' date is October 20, 2012 and that Authorised Persons may discontinue submission of reports in CD format after October 20, 2012, using only FINnet gateway for uploading of reports in the new XML reporting format. Any report in CD format received after October 20, 2012 will not be treated as a valid submission by FIU-IND. 3. All Authorised Persons are accordingly advised to take action as required by FIU-IND and ensure that all reports are submitted in time as per the schedule. 4. For any clarification/assistance regarding submission of reports, you may contact FIU-IND help desk at e-mail or telephone numbers 011-24109792/93. 5. The directions contained in this Circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and also under the, Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009 and Prevention of Money-Laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Rules, 2005 as amended from time to time and are without prejudice to permission /approvals, if any, required under any other law. Yours faithfully, ( Rudra Narayan Kar ) Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2012-13/373 · issued 10 Jan 2013. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
💻 IT / Systems
  • Verify that your systems are configured for timely XML report generation and upload.
📜 Compliance
  • Ensure all report submissions from October 20, 2012 onwards are uploaded via FINnet Gateway in XML format.
  • Discontinue any CD-based reporting immediately after the go-live date.
  • Contact FIU-IND help desk at 011-24109792/93 for any technical or procedural clarifications.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (All authorised persons (banks, financial institutions, intermediaries) under FEMA, Entities required to submit reports to FIU-IND under PMLA), your first concrete step on “FIU-IND Mandates FINnet Gateway for Report Submission” is: “Ensure all report submissions from October 20, 2012 onwards are uploaded via FINnet Gateway in XML format.” (RBI issued this 10 Jan 2013).

  1. Circular: RBI/2012-13/373 -- FIU-IND Mandates FINnet Gateway for Report Submission
  2. Issued: 10 Jan 2013
  3. Action required: Ensure all report submissions from October 20, 2012 onwards are uploaded via FINnet Gateway in XML format.
  4. Action required: Discontinue any CD-based reporting immediately after the go-live date.
  5. Action required: Contact FIU-IND help desk at 011-24109792/93 for any technical or procedural clarifications.
  6. Action required: Verify that your systems are configured for timely XML report generation and upload.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. 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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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=7800&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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