{"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":"nt13449","title":"Operating framework for facilitating Outward Remittance services by non-bank entities through Authorized Dealer (Category I) banks in India","document_kind":"Regulatory document","page":"https://bankpulse.ai/rule/nt13449","status":"In force","importance":{"code":"FYI","label":"FOR INFORMATION","weight":"For information","why":"General RBI update: no desk rule matched — read the source if it touches your work","layer":"bankpulse_inference"},"applies_to":{"shown":"All regulated entities","class_code":"ALL","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"nt13449","mode":"four_dates_v1","published":{"label":"Published","value":"May 13, 2026","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/nt13449.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13449&Mode=0","document_date":"May 13, 2026","read_by_bankpulse":"2026-08-22 03:59:39 UTC","text_sha256":"65e37d62569ddb2ca873c2d282e4b6c51d5ae26f0c1c30a799db24c45f162fb0","word_count":1925,"standing_last_checked":"RBI publishes no live index for this kind of document. Standing follows RBI’s consolidation circular of 28 November 2025."},"counts":{"points_shown":14,"points_naming_an_rbi_paragraph":13,"points_stored":14,"actions":0,"amendments":0},"points":[{"n":1,"claim":"nt13449-2b68ddaf4","page_group":"Do it","stored_section":"IMPACT","heading":"Show FX rate and validity","plain_english":"The dealer must display the exchange rate, time stamp and how long that rate stays valid for the deal.","rbi_paragraph":"Para 2","rbi_char_offset":4845,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p1","layer":"bankpulse"},{"n":2,"claim":"nt13449-265aa1f02","page_group":"Do it","stored_section":"IMPACT","heading":"Disclose full transaction cost","plain_english":"The dealer must show total estimated cost with clear split of rate, service fee and any other charge.","rbi_paragraph":"Para 2","rbi_char_offset":4955,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p2","layer":"bankpulse"},{"n":3,"claim":"nt13449-460b6bd8b","page_group":"Do it","stored_section":"IMPACT","heading":"Give grievance contact details","plain_english":"The dealer must display grievance officer contact details and time lines for resolving disputes.","rbi_paragraph":"Para 2","rbi_char_offset":5303,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p3","layer":"bankpulse"},{"n":4,"claim":"nt13449-74f288694","page_group":"Do it","stored_section":"IMPACT","heading":"Invoice for every transaction","plain_english":"The dealer must ensure the third party issues an invoice to the customer for each transaction.","rbi_paragraph":"Para 3","rbi_char_offset":5458,"weight":"DO IT","role":"Branch","team":null,"products_covered":["foreign-exchange"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p4","layer":"bankpulse"},{"n":5,"claim":"nt13449-6e3866829","page_group":"Do it","stored_section":"IMPACT","heading":"Invoice break up of amounts","plain_english":"Each invoice must clearly break the final amount into rate, mark up, service charge and any other third party charge.","rbi_paragraph":"Para 3","rbi_char_offset":5660,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p5","layer":"bankpulse"},{"n":6,"claim":"nt13449-02ae3b6f9","page_group":"Do it","stored_section":"IMPACT","heading":"Invoice must show remitted amounts","plain_english":"Each invoice must show what the remitter paid and what the beneficiary will receive.","rbi_paragraph":"Para 3","rbi_char_offset":5863,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p6","layer":"bankpulse"},{"n":7,"claim":"nt13449-13cb676c6","page_group":"Do it","stored_section":"IMPACT","heading":"Invoice must show max time","plain_english":"Each invoice must state the maximum hours needed to credit the beneficiary account.","rbi_paragraph":"Para 3","rbi_char_offset":5960,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p7","layer":"bankpulse"},{"n":8,"claim":"nt13449-a77823c76","page_group":"Do it","stored_section":"IMPACT","heading":"Invoice must name the dealer","plain_english":"Each invoice must name the dealer that quoted the exchange rate.","rbi_paragraph":"Para 3","rbi_char_offset":6063,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p8","layer":"bankpulse"},{"n":9,"claim":"nt13449-f925d918d","page_group":"Do it","stored_section":"IMPACT","heading":"Publish data storage policy","plain_english":"Dealers must clearly display their customer data storage policy, purpose and storage period on their website.","rbi_paragraph":"Para 4","rbi_char_offset":6612,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p9","layer":"bankpulse"},{"n":10,"claim":"nt13449-2954b6593","page_group":"Do it","stored_section":"IMPACT","heading":"Third party privacy policy","plain_english":"The third party must have a clear privacy policy, legal compliant, public and easy to access.","rbi_paragraph":"Para 5","rbi_char_offset":7831,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p10","layer":"bankpulse"},{"n":11,"claim":"nt13449-1f5061115","page_group":"Do it","stored_section":"IMPACT","heading":"Grievance redressal framework","plain_english":"Dealers must keep a formal grievance redress system that meets Reserve Bank of India rules.","rbi_paragraph":"Para 6","rbi_char_offset":8029,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p11","layer":"bankpulse"},{"n":12,"claim":"nt13449-71cc0ec42","page_group":"Do it","stored_section":"WHO SHOULD ACT","heading":"Internal policy for tie ups","plain_english":"Dealers must have an internal policy for such third party tie ups, focused on service, protection and transparency.","rbi_paragraph":"Para 7","rbi_char_offset":8146,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p12","layer":"bankpulse"},{"n":1,"claim":"nt13449-7bf28b0b3","page_group":"Background","stored_section":"WHAT IT REPLACES","heading":"Master Direction para deleted","plain_english":"Paragraph 10 of the Miscellaneous Master Direction is removed from now on.","rbi_paragraph":null,"rbi_char_offset":3310,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p13","layer":"bankpulse"},{"n":2,"claim":"nt13449-fdf7aa29e","page_group":"Background","stored_section":"IMPACT","heading":"Bank to bank only","plain_english":"Remittances are allowed only when money starts from remitter bank account and ends in beneficiary bank account.","rbi_paragraph":"Para 10","rbi_char_offset":9714,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13449#p14","layer":"bankpulse"}],"actions":[],"amendments":[],"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."}