Current · Source: Reserve Bank of India · RBI/2012-2013/556 · issued 27 Jun 2013 · ~1 min read
Quick answerRBI has discontinued the SFR VIII return effective the fortnight beginning July 12, 2013. Banks must continue submitting SFR II, SFR III, and the statement on daily maintenance of SLR as before.
The rule, in the simplest words
SFR VIII (a special report banks used to file) is no longer required from the fortnight starting July 12, 2013.
Banks must still file SFR II, SFR III, and the statement on daily maintenance of SLR (how much liquid assets the bank keeps for regulatory purposes).
All scheduled commercial banks need to acknowledge that they have received this change by notifying their regional RBI office.
The removal of SFR VIII reduces the reporting workload for banks while keeping core liquidity reporting unchanged.
How it plays out — a real example
Rohit, a compliance officer at a Mumbai bank, checks that he no longer needs to file SFR VIII after July 12, 2013. He focuses on completing SFR II, SFR III, and the daily SLR statement, and sends an acknowledgment to the RBI office. This frees up time for him to review the bank’s liquidity positions.
What changed
RBI has decided to discontinue submission of the SFR VIII return, which was one of the SFR returns banks were required to file. This change takes effect from the fortnight starting July 12, 2013. Other SFR returns/statements—SFR II, SFR III, and the statement on daily maintenance of SLR—remain mandatory.
What it means for you
Banks can reduce their reporting burden by one return, freeing up operational resources. However, the core SLR compliance reporting via the separate daily maintenance statement continues unchanged. This rationalisation aligns with RBI's ongoing efforts to simplify regulatory submissions without compromising oversight.
What you must do
Stop submitting SFR VIII return from the fortnight beginning July 12, 2013.
Continue filing SFR II, SFR III, and the statement on daily maintenance of SLR as per existing instructions.
Acknowledge receipt of this circular to your regional RBI office.
Who it affects
All scheduled commercial banks, Bank compliance and reporting departments, Treasury and SLR management teams
❓ Common questions
Which return is being discontinued?
The SFR VIII return is being discontinued.
Do we still need to report SLR compliance?
Yes, the separate 'statement on daily maintenance of SLR' continues to be required.
📜 Read the original circular — full text as issued by RBI
RBI/2012-2013/556
MPD.PMD .BC.365/07.01.279/2012-13
June 27, 2013
Ashadha 6, 1935 (S)
To,
All Scheduled Commercial Banks
Dear Sir / Madam,
Rationalisation of Returns
Please refer to our circular MPD.BC.218/07.01.279/2002-03 dated July 24, 2002 on the captioned subject.
2. At present, banks are submitting following SFR Returns/Statements.
SFR II
SFR III
SFR VIII
Statement on daily maintenance of SLR
3. On further rationalisation, it has been decided to discontinue submission of SFR VIII Return with effect from the fortnight beginning July 12, 2013.
4. However, bank, would continue to submit other SFR returns/statement viz. SFR II, SFR III and “statement on daily maintenance of SLR”
5. Kindly acknowledge receipt.
Yours faithfully,
(Michael Debabrata Patra)
Pr. Adviser
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2012-2013/556 · issued 27 Jun 2013. The plain-English explanation above is BankPulse’s own independent summary.
Example: if you are a Compliance officer at a bank this circular applies to (All scheduled commercial banks, Bank compliance and reporting departments, Treasury and SLR management teams), your first concrete step on “RBI Discontinues SFR VIII Return from July 2013” is: “Stop submitting SFR VIII return from the fortnight beginning July 12, 2013.” (RBI issued this 27 Jun 2013).
Circular: RBI/2012-2013/556 -- RBI Discontinues SFR VIII Return from July 2013
Issued: 27 Jun 2013
Action required: Stop submitting SFR VIII return from the fortnight beginning July 12, 2013.
Action required: Continue filing SFR II, SFR III, and the statement on daily maintenance of SLR as per existing instructions.
Action required: Acknowledge receipt of this circular to your regional RBI office.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
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.
💬 Banker Discussion
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
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=8071&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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