Daily Reporting for FCNR(B), ECB, OFCB Under RBI Swap Facility
Current & verified — this is the latest version
Source: Reserve Bank of India · RBI/2026-27/144 · issued 19 Jun 2026 · ~1 min read
Quick answerAD Category-I banks must submit daily data on FCNR(B) deposits, ECBs, and OFCBs raised under the new swap facility by 6 PM each day, using specified annexes and email IDs. A nil statement is required on days with no transactions, except Saturdays and holidays.
The rule, in the simplest words
Every day by 6 PM, banks must send a report about FCNR(B) (foreign currency deposits from non-residents), ECB (loans from abroad), and OFCB (foreign currency borrowings) taken under a special RBI swap facility (a deal to exchange currencies).
If there were no transactions on a day, send a 'nil' report (saying nothing happened), but you don't have to send it on Saturdays or holidays.
For all transactions from June 8, 2026, up to the first report, send that old data together with the report due on June 22, 2026.
How it plays out — a real example
A forex & trade-finance officer in Indore, Priya, checks her bank's system every afternoon. She sees no new FCNR(B) deposits or ECB loans today, so she sends a simple 'nil' email to the correct RBI addresses before 6 PM. On June 22, she also attaches a list of all transactions from June 8 onward, making sure her bank follows the rule and avoids any FEMA trouble.
What changed
RBI has mandated daily reporting for FCNR(B) deposits, ECBs, and OFCBs mobilized under the swap facility introduced on June 8, 2026. Banks must submit data by 6 PM daily in prescribed formats, with a nil statement on no-transaction days (excluding Saturdays and holidays). Back data from June 8, 2026, must be submitted with the first report due June 22, 2026.
What it means for you
Banks must set up internal processes to capture and report these specific forex inflows daily, ensuring timely submission to the correct RBI email addresses. Non-compliance could attract scrutiny under FEMA provisions. The nil reporting requirement ensures RBI has a complete picture of swap facility usage, even on quiet days.
What you must do
Assign a team to compile daily data on FCNR(B), ECB, and OFCB transactions under the swap facility by 6 PM.
Submit a nil statement on days with no transactions, except Saturdays and holidays.
Prepare and submit back data from June 8, 2026, along with the first report due June 22, 2026.
Review FEMA compliance under Sections 10(4), 11(1), and 11(2) for these reports.
Who it affects
AD Category-I banks, Treasury and forex operations teams, Compliance and reporting departments
❓ Common questions
Do we need to report on Saturdays and holidays?
No, nil statements are not required on Saturdays and holidays. The circular does not specify reporting requirements for transactions on those days.
📜 Read the original circular — full text as issued by RBI
RBI/2026-27/144
A.P. (DIR Series) Circular No. 15
June 19, 2026
To All Authorised Dealer Category-I Banks
Madam / Sir
Reporting of FCNR (B) Deposits, ECB and OFCB mobilized under Reserve Bank’s Swap Facility
Attention of Authorised Dealer (AD) Category-I banks is invited to circulars FMOD.MAOG.No.S-56/01.06.016/2026-27 dated June 8, 2026 , on ‘Swap Facility for FCNR (B) Deposits’ and FMOD.MAOG.No.S-57/01.06.016/2026-27 dated June 8, 2026 , on ‘Swap Facility for External Commercial Borrowings and Overseas Foreign Currency Borrowings’.
2. All AD Category-I banks are advised to submit daily data on FCNR (B) deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs), mobilized under the provisions of the above FMOD circulars, by 6 p.m. every day. The data shall be submitted in the format provided at Annex I for FCNR (B) deposits to [email protected] , Annex II for ECBs to [email protected] and for OFCBs in Annex III to [email protected] . In case of no transactions during the day, a NIL statement should be submitted (except on Saturdays and holidays).
3. The data on FCNR (B) deposits, ECBs and OFCBs from June 08, 2026 till issuance of these directions, shall be submitted along with the first reporting due on June 22, 2026.
4. The directions contained in this circular have been issued under Sections 10(4), 11(1) and 11(2) of the FEMA, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully
(Dr. Aditya Gaiha)
Chief General Manager-In-Charge
Enclosures: Annex I, II and III
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2026-27/144 · issued 19 Jun 2026. 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 (AD Category-I banks, Treasury and forex operations teams, Compliance and reporting departments), your first concrete step on “Daily Reporting for FCNR(B), ECB, OFCB Under RBI Swap Facility” is: “Assign a team to compile daily data on FCNR(B), ECB, and OFCB transactions under the swap facility by 6 PM.” (RBI issued this 19 Jun 2026).
Circular: RBI/2026-27/144 -- Daily Reporting for FCNR(B), ECB, OFCB Under RBI Swap Facility
Issued: 19 Jun 2026
Action required: Assign a team to compile daily data on FCNR(B), ECB, and OFCB transactions under the swap facility by 6 PM.
Action required: Submit a nil statement on days with no transactions, except Saturdays and holidays.
Action required: Prepare and submit back data from June 8, 2026, along with the first report due June 22, 2026.
Action required: Review FEMA compliance under Sections 10(4), 11(1), and 11(2) for these reports.
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 05 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=13515&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.
Help us keep this accurate
Found an inaccuracy or have an improvement? Tell us. Every report is reviewed by our team before any change is made — nothing goes live unverified.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
BANKPULSE · FREE DAILY BRIEF
Get RBI updates for your role
Every important RBI update, decoded in plain English — for your career, exams & financial awareness.
We collect only your email, name and role, used solely to send your brief — never sold or shared. Withdraw anytime via the unsubscribe link in any email. Independent platform, not affiliated with the RBI. Information, not legal advice.
REPORT AN ERROR · BETA
Spotted an error? Earn 500 BankPulse Credits
Help us stay accurate. If your correction is verified true and approved by our founder, you earn 500 BankPulse Credits — redeemable when the platform monetises.
Reviewed by a human before any credit is awarded. We never change the site from crowd input without verification.
WANT A NEW FEATURE · BETA
What would make BankPulse more useful for you?
Tell us what to build next — a tool, a data view, a role page, anything. We read every suggestion.
Thank you — your ideas directly shape what we build.