Home › Circulars › RBI notification 13515

Reporting of FCNR(B), ECB, OFCB Under RBI Swap Facility

Current & verified — this is the latest version
Source: Reserve Bank of India · official publication, rbi.org.in · ~1 min read
Quick answerRBI has issued a notification on reporting requirements for FCNR(B) deposits, ECB, and OFCB raised under its swap facility. Banks must ensure accurate and timely submission of data as per prescribed formats.
The rule, in the simplest words
How it plays out — a real example

A forex & trade-finance officer in Indore, Priya, is responsible for her bank's daily reporting. Every evening by 5:30 PM, she checks if any FCNR(B) deposits or ECB funds were raised that day. If yes, she fills the correct annex format and emails it to the right RBI address before 6 PM. If no transactions happened, she still sends a quick 'NIL' email to avoid any penalty, making sure her bank stays compliant.

What changed

The RBI notification outlines the reporting framework for foreign currency deposits and borrowings mobilized under the central bank's swap facility. It specifies the types of instruments covered: FCNR(B) deposits, External Commercial Borrowings (ECB), and Overseas Foreign Currency Borrowings (OFCB).

What it means for you

Banks raising foreign currency funds under RBI's swap window must adhere to strict reporting norms to ensure regulatory compliance. This helps RBI monitor capital flows and manage forex liquidity. Non-compliance could lead to operational or regulatory issues for lenders.

What you must do

Who it affects

Banks mobilizing FCNR(B) deposits, Banks raising ECB or OFCB under RBI swap facility, Treasury and compliance departments of scheduled commercial banks

❓ Common questions

What is the purpose of this reporting requirement?

It enables RBI to track foreign currency inflows from FCNR(B), ECB, and OFCB raised under its swap facility, aiding in forex management and policy formulation.

Which deposits are covered under this notification?

FCNR(B) deposits, External Commercial Borrowings (ECB), and Overseas Foreign Currency Borrowings (OFCB) mobilized under the Reserve Bank's swap facility.

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Key termsPlain-English definitions of terms in this circular — see the full Indian banking glossary. Repo rate · CASA · Statutory Liquidity Ratio (SLR) · Deposit insurance (DICGC)
Who does what — compliance checklist
💻 IT / Systems
  • Ensure your systems capture FCNR(B), ECB, and OFCB data accurately.
📜 Compliance
  • Review the notification for detailed reporting formats and timelines.
  • Submit reports to RBI within the stipulated deadlines.
  • Train relevant staff on the updated reporting requirements.
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 Compliance officer at a bank this circular applies to (Banks mobilizing FCNR(B) deposits, Banks raising ECB or OFCB under RBI swap facility, Treasury and compliance departments of scheduled commercial banks), your first concrete step on “Reporting of FCNR(B), ECB, OFCB Under RBI Swap Facility” is: “Review the notification for detailed reporting formats and timelines.”.

  1. Circular: https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13515&Mode=0 -- Reporting of FCNR(B), ECB, OFCB Under RBI Swap Facility
  2. Issued: 21 Jun 2026, 04:46 IST
  3. Action required: Review the notification for detailed reporting formats and timelines.
  4. Action required: Ensure your systems capture FCNR(B), ECB, and OFCB data accurately.
  5. Action required: Submit reports to RBI within the stipulated deadlines.
  6. Action required: Train relevant staff on the updated reporting requirements.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. 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.

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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.
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