What changed
RBI has moved two monthly FEMA returns—the consolidated list of branches/offices/POs opened/closed (R343) and the NRO account remittance statement (R006)—from physical submission to the Centralized Information Management System (CIMS) portal. The change takes effect from June 30, 2026, for the month ending June 2026. NIL reports must be uploaded if no data exists.
What it means for you
Banks must register and train staff on the CIMS portal (https://sankalan.rbi.org.in) to ensure timely uploads. The shift eliminates manual submission to RBI offices in New Delhi, reducing paperwork but requiring digital compliance. Non-submission or delays could attract FEMA scrutiny.
What you must do
- Register your bank on the CIMS portal and obtain user credentials for return codes R343 and R006.
- Update internal SOPs to route BO/LO/PO and NRO remittance data through CIMS from June 2026.
- Conduct a dry run of uploading both returns on CIMS before the June 30 deadline.
- Ensure NIL reporting capability is built into your system for months with no data.
Who it affects
AD Category-I banks, Foreign exchange reporting teams, Compliance and operations departments handling FEMA returns
What happens if we miss the CIMS upload deadline?
RBI expects timely submission; delays may be treated as non-compliance under FEMA. Upload NIL reports if no data is due.
Do we still need to send physical copies to RBI?
No. From June 30, 2026, physical submission to RBI offices in New Delhi is replaced entirely by CIMS uploads for these two returns.
Which return codes are affected?
Return code R343 for the BO/LO/PO statement and return code R006 for the NRO account remittance statement.