Current · Source: Reserve Bank of India · RBI/DOR/2025-26/245 · issued 16 Mar 2026 · ~1 min read
Quick answerRBI has amended payments banks' financial disclosure rules to require annual reporting of DICGC insurance premium payments and any arrears, effective April 1, 2026.
The rule, in the simplest words
Payments banks must tell the public in their yearly report if they paid the DICGC (deposit insurance) premium on time.
If the premium was paid late or not paid, the bank must also show how much is still owed (called arrears).
This new rule starts on April 1, 2026, so banks have time to get ready.
The rule helps people see if their bank is following the rules, which builds trust.
How it plays out — a real example
A deposits officer in Indore, Priya, is preparing her payments bank's annual report. She now has to add a table showing that the DICGC premium was paid on time last year, and if there were any delays, she must list the unpaid amount. This makes her double-check payment dates with the finance team to avoid any mistakes that could worry customers.
What changed
The amendment modifies paragraph 10(12)(vi) of the Payments Banks Directions, 2025, specifically the disclosure table for DICGC insurance premium. Banks must now disclose in their annual report whether the deposit insurance premium was paid within prescribed timelines, and if not, the arrears must also be disclosed.
What it means for you
Payments banks must now explicitly confirm timely payment of DICGC premiums in their annual reports, enhancing transparency on deposit insurance compliance. Any delays or arrears will be publicly visible, increasing accountability and potentially impacting depositor confidence.
What you must do
Update annual report templates to include the new DICGC premium disclosure table with current and previous year columns.
Ensure internal processes track DICGC premium payment dates and arrears for accurate reporting.
Train finance and compliance teams on the new disclosure requirements effective April 1, 2026.
Review existing payment timelines to avoid arrears and associated disclosure.
Who it affects
Payments banks, Compliance officers of payments banks, Finance and reporting teams of payments banks
❓ Common questions
Regulatory timeline
Stated effective dateeffective April 1, 2026
Decoded by BankPulse2026-06-17 16:21 IST
Amends — RBI Payments Banks Directions Amendment
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What exactly must payments banks disclose under the new rule?
Banks must disclose in their annual report whether the deposit insurance premium was paid to DICGC within prescribed timelines. If there are arrears, those must also be disclosed.
When does this amendment take effect?
The amendment comes into force from April 1, 2026, so it applies to annual reports for financial years ending on or after that date.
Why did RBI issue this amendment?
The amendment follows the DICGC's issuance of the Risk Based Premium Framework on February 6, 2026, and aims to improve transparency around deposit insurance premium compliance.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
AmendsRBI Payments Banks Directions Amendment
📜 Read the original circular — full text as issued by RBI
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/DOR/2025-26/245 · issued 16 Mar 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 (Payments banks, Compliance officers of payments banks, Finance and reporting teams of payments banks), your first concrete step on “Payments Banks: DICGC Premium Disclosure Rules Updated” is: “Update annual report templates to include the new DICGC premium disclosure table with current and previous year columns.” (RBI issued this 16 Mar 2026).
Action required: Update annual report templates to include the new DICGC premium disclosure table with current and previous year columns.
Action required: Ensure internal processes track DICGC premium payment dates and arrears for accurate reporting.
Action required: Train finance and compliance teams on the new disclosure requirements effective April 1, 2026.
Action required: Review existing payment timelines to avoid arrears and associated disclosure.
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 02 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=13336&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.