XOS Submission Goes Online Bank-Wide from Dec 2013
Current · Source: Reserve Bank of India · RBI/2013-14/306 · issued 01 Oct 2013 · ~1 min read
Quick answerFrom half-year ending December 2013, banks must submit Export Outstanding Statement (XOS) online at bank level, not branch-wise. A nodal branch will upload consolidated data directly to RBI server using allotted credentials.
The rule, in the simplest words
Starting from the half-year ending December 2013, banks must send the Export Outstanding Statement (XOS – a report of export bills not paid after 6 months) online for the whole bank, not branch by branch.
Each bank must pick one main branch (called a nodal branch) to collect all export data from every branch and upload it directly to the RBI (Reserve Bank of India) computer system.
The RBI will give each bank a special user ID and password so they can log in and upload the data themselves.
Banks must test their system by sending sample data to the RBI by October 31, 2013, so the RBI can check it and give feedback.
How it plays out — a real example
A forex & trade-finance officer in Indore, Priya, used to send her branch's export data to the RBI regional office every six months. Now, she sends all her branch's export bill details to her bank's nodal branch in Mumbai, which uploads the combined data online. Priya makes sure her branch's data is correct and sent on time so the bank's single upload is accurate.
What changed
Previously, AD Category-I banks submitted XOS branch-wise to respective RBI Regional Offices on a half-yearly basis. Now, with effect from the half-year ending December 2013, submission must be done online and bank-wide through a designated nodal branch. RBI will provide user IDs and passwords for direct server access.
What it means for you
Banks need to centralize their export bill data reporting, moving from decentralized branch submissions to a single bank-level upload. This streamlines RBI's monitoring of export bills outstanding beyond six months. Banks must invest in infrastructure and processes to ensure accurate, timely online submissions.
What you must do
Designate a nodal branch responsible for bank-wide XOS data submission.
Set up necessary IT infrastructure and processes for online data upload to RBI server.
Send sample test data to RBI by October 31, 2013, for validation and feedback.
Ensure all branches align with the new bank-wide reporting system before December 2013 deadline.
Who it affects
All AD Category-I banks, Nodal branches designated for XOS submission, Bank IT and compliance teams
❓ Common questions
What is the deadline for transitioning to online bank-wide XOS submission?
The new system applies from the half-year ending December 2013. Banks must send sample test data by October 31, 2013, to ensure readiness.
How will banks access the RBI server for uploading XOS data?
RBI will allot unique User IDs and passwords to each AD Category-I bank for direct server access. The software allows online upload of consolidated bank-wide data.
What happens if a bank fails to comply with the new submission method?
The circular is issued under FEMA sections 10(4) and 11(1), so non-compliance may attract regulatory action. Banks are advised to put infrastructure in place promptly.
📜 Read the original circular — full text as issued by RBI
RBI/2013-14/306
A.P. (DIR Series) Circular No.60
October 01, 2013
To
All Category - I Authorized Dealer Banks
Madam / Sir,
Export Outstanding Statement (XOS)
Online Bank wide Submission
Attention of Authorized Dealer Category – I (AD Category – I) banks is invited to A. P. (DIR Series) Circular No. 12 dated September 9, 2000 in terms of which AD Category – I banks are required to furnish to the Regional Office concerned of the Reserve Bank, a consolidated statement in Form XOS giving details of all export bills outstanding beyond six months from the date of export on a half yearly basis as at the end of June and December every year.
2. It has been decided that with effect from the half year ending December 2013, XOS submission should be made online and Bank-wide instead of the present system of branch-wise submission through the respective Regional Offices of Reserve Bank of India. Accordingly, AD Category-I Banks are advised to designate a Nodal Branch which shall be submitting the XOS data for the AD Bank as a whole. Further, the software for Bank-wide online submission of XOS data would allow direct access to the all AD Category – I Banks to the RBI server to enable uploading of the XOS data directly to RBI server for which the necessary User ID and Password would be allotted to them in due course.
3. For the benefit of AD Category – I banks, demonstration of the above software changes have also been carried out on July 26, 2013. Further, the “CSV” file format and Bank User Manual for the related software changes have also been shared via e-mail.
4. AD Category – I banks may accordingly, put in place the requisite infrastructure and processes at their end. They may test check the proper uploading of data by sending across to us their sample test data at e-mail up till October 31, 2013. After checking the same, Reserve Bank shall send the feedback report to the respective AD Category – I banks.
5. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.
Yours faithfully,
( C.D Srinivasan )
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/306 · issued 01 Oct 2013. The plain-English explanation above is BankPulse’s own independent summary.
Designate a nodal branch responsible for bank-wide XOS data submission.
Ensure all branches align with the new bank-wide reporting system before December 2013 deadline.
📜 Compliance
Set up necessary IT infrastructure and processes for online data upload to RBI server.
Send sample test data to RBI by October 31, 2013, for validation and feedback.
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 Branch Manager at a bank this circular applies to (All AD Category-I banks, Nodal branches designated for XOS submission, Bank IT and compliance teams), your first concrete step on “XOS Submission Goes Online Bank-Wide from Dec 2013” is: “Designate a nodal branch responsible for bank-wide XOS data submission.” (RBI issued this 01 Oct 2013).
Circular: RBI/2013-14/306 -- XOS Submission Goes Online Bank-Wide from Dec 2013
Issued: 01 Oct 2013
Action required: Designate a nodal branch responsible for bank-wide XOS data submission.
Action required: Set up necessary IT infrastructure and processes for online data upload to RBI server.
Action required: Send sample test data to RBI by October 31, 2013, for validation and feedback.
Action required: Ensure all branches align with the new bank-wide reporting system before December 2013 deadline.
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=8484&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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