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MTSS Reports: Mandatory FINnet Gateway Upload from Oct 20, 2012 (RBI Circular Jan 10, 2013)

Current · Source: Reserve Bank of India · RBI/2012-13/374 · issued 10 Jan 2013 · ~1 min read
Quick answerFrom October 20, 2012, all Indian agents under MTSS must upload reports only via FINnet Gateway in XML format. CD submissions will be invalid after that date. Ensure timely compliance with FIU-IND requirements.
The rule, in the simplest words
How it plays out — a real example

Ravi, a gold‑loan officer in Indore, receives a remittance report from a customer. He logs into the bank’s reporting system, selects the XML format, and uploads it via the FINnet Gateway before the deadline. The system confirms receipt, and Ravi feels confident that he’s complied with the RBI rule.

What changed

FIU-IND set October 20, 2012 as the 'go-live' date for mandatory FINnet Gateway reporting. After this date, CD-format reports will no longer be accepted as valid submissions. This replaces the earlier test-mode phase that began August 31, 2012.

What it means for you

Banks and authorized persons acting as Indian agents under MTSS must fully transition to the FINnet Gateway for all report submissions. Continuing to use CDs after the deadline risks non-compliance with FIU-IND and PMLA requirements. This streamlines reporting but demands system readiness and adherence to the new XML format.

What you must do

Who it affects

All Authorised Persons acting as Indian Agents under Money Transfer Service Scheme (MTSS), Banks handling inward remittances under MTSS, Compliance and reporting teams dealing with FIU-IND submissions

❓ Common questions

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

FIU-IND will not treat it as a valid submission. You must use only the FINnet Gateway with the new XML format from that date.

Who should we contact for help with FINnet Gateway reporting?

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

📜 Read the original circular — full text as issued by RBI
RBI/2012-13/374 A.P. (DIR Series) Circular No. 73 January 10, 2013 To All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme Madam/ Dear Sir, Uploading of Reports on FINnet Gateway Please refer to our A.P.(DIR Series) Circular No. 43 dated October 12, 2012 , advising all Authorised Persons, who are Indian Agents under Money Transfer Service Scheme (MTSS) 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, who are Indian agents under MTSS 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, who are Indian agents under MTSS 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/2012-13/374 · 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
  • Ensure your systems are configured to generate and upload reports in the new XML format via FINnet Gateway.
📜 Compliance
  • Stop submitting reports in CD format after October 20, 2012.
  • Contact FIU-IND help desk at 011-24109792/93 for any technical or procedural clarifications.
  • Verify all reports are submitted on time as per the schedule to avoid regulatory issues.
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 Authorised Persons acting as Indian Agents under Money Transfer Service Scheme (MTSS), Banks handling inward remittances under MTSS, Compliance and reporting teams dealing with FIU-IND submissions), your first concrete step on “MTSS Reports: Mandatory FINnet Gateway Upload from Oct 20, 2012 (RBI Circular Jan 10, 2013)” is: “Ensure your systems are configured to generate and upload reports in the new XML format via FINnet Gateway.” (RBI issued this 10 Jan 2013).

  1. Circular: RBI/2012-13/374 -- MTSS Reports: Mandatory FINnet Gateway Upload from Oct 20, 2012 (RBI Circular Jan 10, 2013)
  2. Issued: 10 Jan 2013
  3. Action required: Ensure your systems are configured to generate and upload reports in the new XML format via FINnet Gateway.
  4. Action required: Stop submitting reports in CD format after October 20, 2012.
  5. Action required: Contact FIU-IND help desk at 011-24109792/93 for any technical or procedural clarifications.
  6. Action required: Verify all reports are submitted on time as per the schedule to avoid regulatory issues.
  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=7801&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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