No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2025-26/39 · issued 21 May 2025 · ~1 min read
Quick answerRBI withdraws Master Circular on Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) and related circulars, effective October 1, 2024.
The rule, in the simplest words
The RBI has withdrawn the Master Circular on DAY-NULM [a government program to help urban poor] and related circulars
Banks no longer need to submit returns [reports] as prescribed in the withdrawn circulars
This change is because the DAY-NULM program has officially ended
It affects Scheduled Commercial Banks and Small Finance Banks
How it plays out — a real example
A compliance officer in Mumbai will update the bank's internal processes to reflect the withdrawal of the Master Circular, ensuring they don't submit unnecessary returns and are compliant with the new rules. This change will simplify their daily tasks and reduce paperwork. The officer will also inform other departments about the update to avoid any confusion.
What changed
RBI has withdrawn the Master Circular dated April 5, 2021, on DAY-NULM and other related circulars listed in the Annex. This withdrawal is effective from October 1, 2024.
What it means for you
Banks are no longer required to submit returns prescribed in the aforesaid circulars. This withdrawal is a result of the official conclusion of the Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) on September 30, 2024.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Review and update internal processes to reflect the withdrawal of the Master Circular
Discontinue submission of returns prescribed in the aforesaid circulars
Ensure compliance with the withdrawal notification
Who it affects
Scheduled Commercial Banks, Small Finance Banks
❓ Common questions
Regulatory timeline
Stated effective dateeffective October 1, 2024
Decoded by BankPulse2026-06-18 01:54 IST
Status change: withdrawn2026-07-13T04:47:15
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the effective date of the withdrawal of the Master Circular?
October 1, 2024
What is the reason for the withdrawal of the Master Circular?
The official conclusion of the Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) on September 30, 2024
📜 Read the original circular — full text as issued by RBI
RBI/2025-26/39
FIDD.CO.GSSD.BC.No 06/09.16.003/2025-26
May 21, 2025
The Chairman/ Managing Director/Chief Executive Officer
All Scheduled Commercial Banks &
Small Finance Banks
Madam/ Dear Sir,
Withdrawal of Master Circular on Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) and related circulars
The Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) has officially concluded on September 30, 2024. Consequently, the Master Circular dated April 5, 2021 on DAY-NULM and other related circulars listed in the Annex , stand withdrawn with effect from October 1, 2024.
2. Accordingly, banks are not required to submit returns prescribed in the aforesaid circulars.
Yours faithfully,
(R. Giridharan)
Chief General Manager
Annex
List of circulars withdrawn
No.
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2025-26/39 · issued 21 May 2025. The plain-English explanation above is BankPulse’s own independent summary.
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=12851&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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