{"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":"md13098","title":"Reserve Bank of India (Payments Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on January 22, 2026)","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13098","status":"In force","importance":{"code":"MR","label":"MUST READ","weight":"Must read","why":"Binding RBI Directions naming this institution class in the title","layer":"bankpulse_inference"},"applies_to":{"shown":"Payments banks","class_code":"PB","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13098","mode":"four_dates_v1","published":{"label":"Published","value":"Nov 28, 2025","stated":true,"why":"The day RBI put this document out."},"effective":{"label":"Starts to apply","value":"December 15, 2025","stated":true,"why":"The day this rule starts to apply, as RBI's own text states it."},"transition":{"label":"Time to get ready","value":"17 days","stated":true,"why":"The room between the day it was published and the day it starts to apply."},"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/md13098.json","effective":"data/date_kinds.json kind=effective_date","transition":"worked out from published and starts-to-apply","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13098","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:17:05 UTC","text_sha256":"36589d34b638f1ff73a16f513d4dbb651cf684b036aeff05e56ae6898755959d","word_count":7126,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":44,"points_naming_an_rbi_paragraph":44,"points_stored":44,"actions":0,"amendments":2},"points":[{"n":1,"claim":"md13098-267a788f","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Form A reporting","plain_english":"Banks must report their CRR to RBI using the statutory return Form A.","rbi_paragraph":"Para 4","rbi_char_offset":3365,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p1","layer":"bankpulse"},{"n":2,"claim":"md13098-21c142e9","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Form VIII reporting","plain_english":"Banks must report their SLR to RBI using the statutory return Form VIII.","rbi_paragraph":"Para 5","rbi_char_offset":3476,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p2","layer":"bankpulse"},{"n":3,"claim":"md13098-91c4cef6","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"Split the savings account","plain_english":"The bank must split every savings account between a demand liability and a time liability.","rbi_paragraph":"Para 6(2)","rbi_char_offset":3894,"weight":"DO IT","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p3","layer":"bankpulse"},{"n":4,"claim":"md13098-27e662d9","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Start date","plain_english":"This rule takes effect immediately.","rbi_paragraph":"Para 2","rbi_char_offset":3130,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p4","layer":"bankpulse"},{"n":5,"claim":"md13098-299500dc","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"What aggregate deposits mean","plain_english":"Aggregate deposits mean demand deposits and time deposits added together.","rbi_paragraph":"Para 6(1)","rbi_char_offset":3757,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p5","layer":"bankpulse"},{"n":6,"claim":"md13098-cd67bc9f","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"Half year average used","plain_english":"The average of minimum monthly balances over the half year is treated as time liability.","rbi_paragraph":"Para 6(2)","rbi_char_offset":4297,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p6","layer":"bankpulse"},{"n":7,"claim":"md13098-59a96f88","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"What counts as SLR","plain_english":"The listed securities count as approved securities, known to bankers as SLR securities.","rbi_paragraph":"Para 6(3)","rbi_char_offset":4981,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p7","layer":"bankpulse"},{"n":8,"claim":"md13098-f5d0bab7","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"Outside money at call","plain_english":"Money at call and short notice from outside the banking system is shown as a liability to others.","rbi_paragraph":"Para 6(13)","rbi_char_offset":10603,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p8","layer":"bankpulse"},{"n":9,"claim":"md13098-a1a47dec","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"Count pledged securities too","plain_english":"Investment in India covers both encumbered and unencumbered securities in the bank's investment book.","rbi_paragraph":"Para 6(15)","rbi_char_offset":11028,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p9","layer":"bankpulse"},{"n":1,"claim":"md13098-ebb365d9","page_group":"Chapter II. Cash Reserve Ratio (CRR)","stored_section":"KEY DATES","heading":"Last CRR step","plain_english":"The last CRR step took effect from the fortnight beginning November 29, 2025.","rbi_paragraph":"Para 9","rbi_char_offset":17495,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p10","layer":"bankpulse"},{"n":2,"claim":"md13098-f7b10ce8","page_group":"Chapter II. Cash Reserve Ratio (CRR)","stored_section":"WHO SHOULD ACT","heading":"Ask RBI when unsure","plain_english":"Where it is unclear whether a transaction is a liability in India, the bank must approach the Reserve Bank.","rbi_paragraph":"Para 13","rbi_char_offset":18494,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p11","layer":"bankpulse"},{"n":3,"claim":"md13098-3c29d4cc","page_group":"Chapter II. Cash Reserve Ratio (CRR)","stored_section":"KEY DATES","heading":"Final CRR rate","plain_english":"CRR reached its final rate of 3.0% of NDTL in four steps by late November 2025.","rbi_paragraph":"Para 9","rbi_char_offset":17341,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"Suppose a bank has net demand and time liabilities of ₹10,000 crore. It must keep 3.0 per cent of that with RBI, which is ₹300 crore. At the first step of 3.75 per cent it would have kept ₹375 crore.","anchor":"https://bankpulse.ai/rule/md13098#p12","layer":"bankpulse"},{"n":4,"claim":"md13098-36442044","page_group":"Chapter II. Cash Reserve Ratio (CRR)","stored_section":"WHO SHOULD ACT","heading":"RBI may name a liability","plain_english":"The Reserve Bank may specify that a transaction or class of transactions is a liability in India.","rbi_paragraph":"Para 12","rbi_char_offset":18258,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p13","layer":"bankpulse"},{"n":5,"claim":"md13098-284690f3","page_group":"Chapter II. Cash Reserve Ratio (CRR)","stored_section":"WHAT CHANGES","heading":"Borrowing abroad counts","plain_english":"Loans and borrowings from abroad count as liabilities to others and attract reserve requirements.","rbi_paragraph":"Para 14","rbi_char_offset":18746,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p14","layer":"bankpulse"},{"n":6,"claim":"md13098-fd646e10","page_group":"Chapter II. Cash Reserve Ratio (CRR)","stored_section":"WHAT CHANGES","heading":"Upper Tier II counts","plain_english":"Upper Tier II instruments raised in India or abroad count as a liability when computing NDTL.","rbi_paragraph":"Para 15","rbi_char_offset":19066,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p15","layer":"bankpulse"},{"n":7,"claim":"md13098-d73b00e0","page_group":"Chapter II. Cash Reserve Ratio (CRR)","stored_section":"WHAT CHANGES","heading":"Unpaid drafts count","plain_english":"The unpaid balance of drafts issued under the remittance facilities scheme counts as a liability.","rbi_paragraph":"Para 16","rbi_char_offset":19236,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p16","layer":"bankpulse"},{"n":8,"claim":"md13098-48c05bcb","page_group":"Chapter II. Cash Reserve Ratio (CRR)","stored_section":"WHAT CHANGES","heading":"Correspondent bank money","plain_english":"Money received by a correspondent bank counts as a liability to the banking system.","rbi_paragraph":"Para 16","rbi_char_offset":19476,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p17","layer":"bankpulse"},{"n":9,"claim":"md13098-65dc2c92","page_group":"Chapter II. Cash Reserve Ratio (CRR)","stored_section":"WHAT CHANGES","heading":"Draft money is an asset","plain_english":"Sums placed for issuing drafts, interest or dividend warrants are assets with the banking system.","rbi_paragraph":"Para 17","rbi_char_offset":19673,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p18","layer":"bankpulse"},{"n":10,"claim":"md13098-44d67711","page_group":"Chapter II. Cash Reserve Ratio (CRR)","stored_section":"WHAT CHANGES","heading":"What is left out","plain_english":"Paid up capital, reserves and certain borrowings are not liabilities for CRR and SLR.","rbi_paragraph":"Para 19","rbi_char_offset":20259,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p19","layer":"bankpulse"},{"n":11,"claim":"md13098-3825dbeb","page_group":"Chapter II. Cash Reserve Ratio (CRR)","stored_section":"WHAT CHANGES","heading":"Share money held apart","plain_english":"Money collected by branches for a share issue, held pending allotment, is treated separately.","rbi_paragraph":"Para 19(1)","rbi_char_offset":20726,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p20","layer":"bankpulse"},{"n":1,"claim":"md13098-de2b2487","page_group":"Chapter III. Statutory Liquidity Ratio (SLR)","stored_section":"WHAT CHANGES","heading":"18 percent SLR floor","plain_english":"SLR must stay at least 18% of a bank's total demand and time liabilities every day.","rbi_paragraph":"Para 24","rbi_char_offset":24964,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p21","layer":"bankpulse"},{"n":2,"claim":"md13098-2ec48112","page_group":"Chapter III. Statutory Liquidity Ratio (SLR)","stored_section":"WHAT CHANGES","heading":"Standing facility not for CRR","plain_english":"Standing deposit facility balances cannot be counted towards the cash reserve ratio.","rbi_paragraph":"Para 26(1)","rbi_char_offset":29705,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p22","layer":"bankpulse"},{"n":3,"claim":"md13098-af6a359f","page_group":"Chapter III. Statutory Liquidity Ratio (SLR)","stored_section":"WHAT CHANGES","heading":"Hold securities in ledger","plain_english":"Government securities must be held only in SGL accounts with the Reserve Bank or in CSGL accounts.","rbi_paragraph":"Para 26(1)","rbi_char_offset":29095,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p23","layer":"bankpulse"},{"n":4,"claim":"md13098-7a74ebf4","page_group":"Chapter III. Statutory Liquidity Ratio (SLR)","stored_section":"WHAT CHANGES","heading":"Marginal Standing Facility","plain_english":"Banks can borrow up to 2% of their NDTL under the Marginal Standing Facility.","rbi_paragraph":"Para 25(1)","rbi_char_offset":25445,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p24","layer":"bankpulse"},{"n":5,"claim":"md13098-1a1923a7","page_group":"Chapter III. Statutory Liquidity Ratio (SLR)","stored_section":"WHAT CHANGES","heading":"Standing facility counts for SLR","plain_english":"Balances kept with the Reserve Bank under the standing deposit facility qualify as SLR assets.","rbi_paragraph":"Para 26(1)","rbi_char_offset":29584,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p25","layer":"bankpulse"},{"n":6,"claim":"md13098-2e8b9eeb","page_group":"Chapter III. Statutory Liquidity Ratio (SLR)","stored_section":"WHAT CHANGES","heading":"Cash management bill qualifies","plain_english":"A cash management bill is treated as a treasury bill and counts as an SLR security.","rbi_paragraph":"Para 26(7)","rbi_char_offset":30454,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p26","layer":"bankpulse"},{"n":1,"claim":"md13098-b4f5e452","page_group":"Chapter IV. Procedure for computation of SLR","stored_section":"WHAT CHANGES","heading":"Value securities by rule","plain_english":"Approved securities must be classified and valued under the investment directions.","rbi_paragraph":"Para 28","rbi_char_offset":31483,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p27","layer":"bankpulse"},{"n":1,"claim":"md13098-cc1427a6","page_group":"Chapter V. Reporting","stored_section":"KEY DATES","heading":"New filing dates set","plain_english":"Fortnightly Form A filing starts December 15, 2025 and monthly Form VIII from December 2025.","rbi_paragraph":"Para 35(2)","rbi_char_offset":35112,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p28","layer":"bankpulse"},{"n":2,"claim":"md13098-c5daeca6","page_group":"Chapter V. Reporting","stored_section":"KEY DATES","heading":"Old form for December","plain_english":"Banks must also file the Form A return for December 12, 2025 under the old structure.","rbi_paragraph":"Para 35(2)","rbi_char_offset":36430,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p29","layer":"bankpulse"},{"n":3,"claim":"md13098-b9bc8140","page_group":"Chapter V. Reporting","stored_section":"KEY DATES","heading":"Full CRR in transition","plain_english":"During the transition period banks must keep the whole of the required CRR.","rbi_paragraph":"Para 35(2)","rbi_char_offset":36309,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p30","layer":"bankpulse"},{"n":4,"claim":"md13098-7713ac37","page_group":"Chapter V. Reporting","stored_section":"WHO SHOULD ACT","heading":"Daily SLR statement filed","plain_english":"A scheduled bank must file a daily position of SLR assets as an annex to Form VIII.","rbi_paragraph":"Para 38","rbi_char_offset":37094,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p31","layer":"bankpulse"},{"n":5,"claim":"md13098-e6f7fbd7","page_group":"Chapter V. Reporting","stored_section":"WHAT CHANGES","heading":"No special Form A","plain_english":"There is no longer any provisional, final or special Form A return.","rbi_paragraph":"Para 35(2)","rbi_char_offset":34843,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p32","layer":"bankpulse"},{"n":1,"claim":"md13098-a96ee795","page_group":"Chapter VI. Penalties","stored_section":"WHO SHOULD ACT","heading":"Director fines","plain_english":"A bank director who knowingly lets a CRR default continue can be fined up to ₹500 per fortnight.","rbi_paragraph":"Para 42(1)","rbi_char_offset":39141,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"Suppose the default runs for four fortnights after the first. The first fine may be up to ₹500. A further ₹500 may be added for each of those four fortnights, which is ₹2,000 more.","anchor":"https://bankpulse.ai/rule/md13098#p33","layer":"bankpulse"},{"n":2,"claim":"md13098-8717a3bd","page_group":"Chapter VI. Penalties","stored_section":"WHAT CHANGES","heading":"Late return draws penalty","plain_english":"Failure to submit the return, or late submission, attracts penalties under the RBI Act.","rbi_paragraph":"Para 43","rbi_char_offset":39927,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p34","layer":"bankpulse"},{"n":3,"claim":"md13098-e045dd09","page_group":"Chapter VI. Penalties","stored_section":"WHO SHOULD ACT","heading":"Explain every CRR default","plain_english":"A bank must report the date, amount, percentage and reason for any CRR default.","rbi_paragraph":"Para 41","rbi_char_offset":38613,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p35","layer":"bankpulse"},{"n":4,"claim":"md13098-ef4dac13","page_group":"Chapter VI. Penalties","stored_section":"WHO SHOULD ACT","heading":"Continued-shortfall penalty","plain_english":"If a bank's CRR shortfall continues to the next day, penal interest rises to 5% above the Bank Rate.","rbi_paragraph":"Para 40(1)","rbi_char_offset":38321,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p36","layer":"bankpulse"},{"n":5,"claim":"md13098-9f6af0cc","page_group":"Chapter VI. Penalties","stored_section":"WHO SHOULD ACT","heading":"Licence cancellation risk","plain_english":"RBI can cancel a bank's licence if it keeps defaulting on SLR despite warnings.","rbi_paragraph":"Para 46","rbi_char_offset":40551,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p37","layer":"bankpulse"},{"n":1,"claim":"md13098-5972649e","page_group":"Chapter VII. Repeal And Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Older rules cancelled","plain_english":"This document cancels the earlier conduct rules for these institutions.","rbi_paragraph":"Para 47","rbi_char_offset":41480,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p38","layer":"bankpulse"},{"n":2,"claim":"md13098-5b58d0f9","page_group":"Chapter VII. Repeal And Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Earlier repeals stand","plain_english":"Guidelines already repealed before these Directions stay repealed.","rbi_paragraph":"Para 47","rbi_char_offset":41553,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p39","layer":"bankpulse"},{"n":3,"claim":"md13098-8334d341","page_group":"Chapter VII. Repeal And Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old rules stay repealed","plain_english":"Rules repealed before this document was issued remain repealed.","rbi_paragraph":"Para 47","rbi_char_offset":41611,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p40","layer":"bankpulse"},{"n":4,"claim":"md13098-7fbea917","page_group":"Chapter VII. Repeal And Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions preserved","plain_english":"Anything already done under the old rules stays governed by those old rules.","rbi_paragraph":"Para 48","rbi_char_offset":41742,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p41","layer":"bankpulse"},{"n":5,"claim":"md13098-ae84b68d","page_group":"Chapter VII. Repeal And Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Approvals carried over","plain_english":"Approvals given under the cancelled rules are now treated as given under these rules.","rbi_paragraph":"Para 48","rbi_char_offset":41932,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p42","layer":"bankpulse"},{"n":6,"claim":"md13098-fa8926bd","page_group":"Chapter VII. Repeal And Other Provisions","stored_section":"IMPACT","heading":"Other laws still apply","plain_english":"These Directions add to other laws. They do not replace any of them.","rbi_paragraph":"Para 49","rbi_char_offset":42800,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p43","layer":"bankpulse"},{"n":7,"claim":"md13098-13edf821","page_group":"Chapter VII. Repeal And Other Provisions","stored_section":"WHO SHOULD ACT","heading":"RBI's reading final","plain_english":"RBI's interpretation of any part of these Directions is final and binding.","rbi_paragraph":"Para 50","rbi_char_offset":43250,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13098#p44","layer":"bankpulse"}],"actions":[],"amendments":[{"id":"nt13226","title":"Reserve Bank of India (Payments Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2025","date":"Dec 11, 2025","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13226&Mode=0","order":1,"layer":"rbi_source"},{"id":"nt13283","title":"Reserve Bank of India (Payments Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2026","date":"Jan 22, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13283&Mode=0","order":2,"layer":"rbi_source"}],"layers":{"rbi_source":"Facts taken from RBI's own document.","bankpulse":"BankPulse's plain-English summary of RBI's document.","bankpulse_inference":"BankPulse's own inference, not stated by RBI."},"rbi_wording_not_included":"By design. 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."}