Home › Circulars › RBI/2012-13/442

CFMS Discontinued: Final Data Access Ends March 31, 2013

Current · Source: Reserve Bank of India · RBI/2012-13/442 · issued 15 Mar 2013 · ~2 min read
Quick answerRBI discontinued the Centralised Funds Management System (CFMS) from January 1, 2013. Member banks can access CFMS data only until March 31, 2013; after that, all helpdesk and data access will cease.
The rule, in the simplest words
How it plays out — a real example

Anita, a funds‑transfer officer at Punjab National Bank in Delhi, made sure to download all CFMS transaction logs before the Mar 31, 2013 deadline, then switched her daily transfers to the RTGS system and told her team that the CFMS helpdesk would stop on Apr 1, 2013.

What changed

RBI notified that CFMS, the funds transfer system, was shut down from January 1, 2013. Member banks were allowed to view historical CFMS data until March 31, 2013. From April 1, 2013, both CFMS data access and helpdesk services will be completely withdrawn.

What it means for you

Banks that relied on CFMS for funds transfer or reconciliation must have already migrated to alternative systems. After March 31, 2013, no CFMS data or support will be available, so any pending queries or data retrieval must be completed before that date. This closure is final and irreversible.

What you must do

Who it affects

All CFMS member banks, Treasury and funds transfer operations teams, IT and data management departments, Audit and reconciliation teams

❓ Common questions

Can we still use CFMS for funds transfer after January 1, 2013?

No. CFMS was discontinued for funds transfer from January 1, 2013. Only historical data access was allowed until March 31, 2013.

What happens if we miss the March 31, 2013 deadline to download CFMS data?

After April 1, 2013, CFMS data access and helpdesk services will be unavailable. You will lose access to all historical CFMS information permanently.

Is there any extension or alternative support after April 1, 2013?

No. The circular clearly states that no CFMS helpdesk or data access will be provided from April 1, 2013. Banks must complete all data retrieval before that date.

📜 Read the original circular — full text as issued by RBI
RBI/2012-13/442 DPSS (CO) No. 1594/04.08.002/2012-13 March 15, 2013 The Chariman / Managing Director / Chief Executive Officer All CFMS Member Banks Madam / Sir, Discontinuation of CFMS As you are aware, funds transfer through Centralised Funds Management System (CFMS) has been discontinued with effect from January 1, 2013. The access to CFMS information and data would be available up to March 31, 2013 to the member banks. The facility of CFMS Helpdesk services and access to CFMS information and data will not be available with effect from April 1, 2013. Please acknowledge receipt. Yours faithfully, Nilima Ramteke General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2012-13/442 · issued 15 Mar 2013. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
⚙️ Operations
  • Ensure all CFMS data needed for audit, reconciliation, or reference is downloaded and archived before March 31, 2013.
  • Notify relevant internal teams (IT, operations, treasury) about the April 1, 2013 cutoff for CFMS access.
💻 IT / Systems
  • Confirm that your bank has fully transitioned to the replacement funds transfer system (e.g., RTGS/NEFT) and that all staff are trained.
📜 Compliance
  • Acknowledge receipt of this RBI circular to confirm compliance.
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 Operations officer at a bank this circular applies to (All CFMS member banks, Treasury and funds transfer operations teams, IT and data management departments, Audit and reconciliation teams), your first concrete step on “CFMS Discontinued: Final Data Access Ends March 31, 2013” is: “Ensure all CFMS data needed for audit, reconciliation, or reference is downloaded and archived before March 31, 2013.” (RBI issued this 15 Mar 2013).

  1. Circular: RBI/2012-13/442 -- CFMS Discontinued: Final Data Access Ends March 31, 2013
  2. Issued: 15 Mar 2013
  3. Action required: Ensure all CFMS data needed for audit, reconciliation, or reference is downloaded and archived before March 31, 2013.
  4. Action required: Confirm that your bank has fully transitioned to the replacement funds transfer system (e.g., RTGS/NEFT) and that all staff are trained.
  5. Action required: Notify relevant internal teams (IT, operations, treasury) about the April 1, 2013 cutoff for CFMS access.
  6. Action required: Acknowledge receipt of this RBI circular to confirm compliance.
  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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BankPulse Compliance Evidence Pack — generated 03 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=7893&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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