{"what_this_is":"The machine-readable twin of the BankPulse page for one RBI rulebook. Same points, same dates, same paragraph references as the page a person reads. RBI's own wording is not reproduced here: each point names the RBI paragraph, the character offset into the text BankPulse read and the sha256 of that text, so the claim can be checked against RBI's own document.","schema_version":1,"release_id":"d653cdb0a5","generated_at":"2026-09-15T00:33:59.117975+00:00","id":"md10205","title":"Master Direction – Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses (Updated as on December 22, 2022)","document_kind":"Master Direction","page":"https://bankpulse.ai/rule/md10205","status":"In force","importance":{"code":"GK","label":"GOOD TO KNOW","weight":"Good to know","why":"How rupee trade payments are settled: for the forex desk","layer":"bankpulse_inference"},"applies_to":{"shown":"Banks that handle foreign money","class_code":"AD","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md10205","mode":"four_dates_v1","published":{"label":"Published","value":"Jan 04, 2016","stated":true,"why":"The day RBI put this document out."},"effective":{"label":"Starts to apply","value":"","stated":false,"why":"Not stated separately in this document. Read the rule itself before you assume a start date."},"transition":{"label":"Time to get ready","value":"","stated":false,"why":"Cannot be worked out until the day it starts to apply is known."},"deadline":{"label":"Last date to act","value":"","stated":false,"why":"No date to act by was found in this document. Other dates may sit inside single paragraphs."},"sources":{"published":"doc_date in data/highlights/md10205.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10205","document_date":"Jan 04, 2016","read_by_bankpulse":"2026-08-21 16:27:55 UTC","text_sha256":"d4bd855eeab62d49b1884b8cbf6250656302006e4f2b6997978f96cc6f448916","word_count":5584,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":38,"points_naming_an_rbi_paragraph":38,"points_stored":38,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md10205-f47f7dc4","page_group":"Must know","stored_section":"THE CORE IDEA","heading":"What this document covers","plain_english":"This rulebook covers how banks run vostro accounts for non-resident exchange houses.","rbi_paragraph":"Para 1","rbi_char_offset":4248,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10205#p1","layer":"bankpulse"},{"n":2,"claim":"md10205-5652da3e","page_group":"Must know","stored_section":"WHO SHOULD ACT","heading":"Twenty arrangements trigger an audit","plain_english":"Once a bank reaches twenty such arrangements, it must get an external audit of its systems.","rbi_paragraph":"Para 2","rbi_char_offset":5081,"weight":"MUST KNOW","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10205#p2","layer":"bankpulse"},{"n":3,"claim":"md10205-f52a57a0","page_group":"Must know","stored_section":"WHO SHOULD ACT","heading":"Board must approve more arrangements","plain_english":"Based on a satisfactory audit, the bank's Board may approve more such arrangements.","rbi_paragraph":"Para 2","rbi_char_offset":5256,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10205#p3","layer":"bankpulse"},{"n":4,"claim":"md10205-46eacfd6","page_group":"Must know","stored_section":"WHO IT APPLIES TO","heading":"Which banks may open these","plain_english":"Only AD Category-I banks may open Rupee or foreign currency vostro accounts for exchange houses.","rbi_paragraph":"Para 2","rbi_char_offset":5529,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10205#p4","layer":"bankpulse"},{"n":5,"claim":"md10205-87b99149","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"Trade payments capped","plain_english":"Trade transactions through these accounts are capped at Rs.15,00,000 each.","rbi_paragraph":"Para 3","rbi_char_offset":7219,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A customer wants to send Rs.18,00,000 through an exchange house for a trade payment. Only Rs.15,00,000 of it may go through this account; the rest needs a different channel.","anchor":"https://bankpulse.ai/rule/md10205#p5","layer":"bankpulse"},{"n":6,"claim":"md10205-09b648fc","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"No overdrafts on these accounts","plain_english":"These accounts must run on credit only, with no overdraft allowed.","rbi_paragraph":"Para 3","rbi_char_offset":7455,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["working-capital"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10205#p6","layer":"bankpulse"},{"n":7,"claim":"md10205-85b6bb76","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"One vostro account per arrangement","plain_english":"Each arrangement needs its own separate Rupee vostro account.","rbi_paragraph":"Para 3","rbi_char_offset":8022,"weight":"MUST 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BankPulse never republishes RBI's exact sentences. Use rbi_paragraph with rbi_source.url to read RBI's own words.","terms":"BankPulse's plain-English summaries are BankPulse's own work. The underlying regulation is the Reserve Bank of India's. Always check the RBI document named in rbi_source before acting."}