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Master Direction · Reserve Bank of India

Master Direction - Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2025

UR

The four dates on this rule

This rulebook is short, and the page is short with it. This document is 761 words long. It states 5 separate rules. So the page carries 5 points, not the thirty a long rulebook carries. Nothing has been left out to make it shorter.

At a glanceRBI has set entry rules for using NDS-OM, for direct, indirect and broker-based access. These Directions take effect at once from the date of this letter.

Official RBI page

What it says

How firm is each point

Stated by RBI — RBI’s own paragraph says this. We have only made it plainer.

Our reading — BankPulse read RBI’s paragraph and shortened it. The paragraph is the authority, not this line.

Needs judgement — RBI leaves this to the bank to settle, so nobody can give you a fixed number here.

Do it

1. Applications via PRAVAAH

Our reading

Firms must use PRAVAAH portal forms to apply for NDS-OM access.

2. Revised forms in PRAVAAH

Our reading

Banks must now use the new, simplified NDS-OM application format on PRAVAAH.

Background

1. Access criteria scope

Our reading

RBI has set entry rules for using NDS-OM, for direct, indirect and broker-based access.

2. Forms removed from Directions

Our reading

The NDS-OM application form is no longer part of the Directions text.

3. Immediate applicability

Our reading

These Directions take effect at once from the date of this letter.

Where to go next