{"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":"nt13468","title":"Swap Facility for FCNR (B) Deposits","document_kind":"Regulatory document","page":"https://bankpulse.ai/rule/nt13468","status":"In force","importance":{"code":"MR","label":"MUST READ","weight":"Must read","why":"Foreign money rules and returns, for banks that handle foreign money","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":"nt13468","mode":"four_dates_v1","published":{"label":"Published","value":"Jun 08, 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/nt13468.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13468&Mode=0","document_date":"Jun 08, 2026","read_by_bankpulse":"2026-08-22 06:58:45 UTC","text_sha256":"1607172893eb8cd4b54954b216282664210f731db2f4d1a68cf11944fbf0d89e","word_count":1241,"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":16,"points_naming_an_rbi_paragraph":0,"points_stored":16,"actions":0,"amendments":0},"points":[{"n":1,"claim":"nt13468-f92e5270f","page_group":"Must know","stored_section":"THE CORE IDEA","heading":"lock in period","plain_english":"Underlying deposits cannot be withdrawn in the first year.","rbi_paragraph":null,"rbi_char_offset":5081,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p1","layer":"bankpulse"},{"n":2,"claim":"nt13468-2c18c73ee","page_group":"Must know","stored_section":"THE CORE IDEA","heading":"premature withdrawal","plain_english":"After one year, banks may allow early withdrawal as per their own policy.","rbi_paragraph":null,"rbi_char_offset":5145,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p2","layer":"bankpulse"},{"n":3,"claim":"nt13468-eb54fd9ae","page_group":"Must know","stored_section":"KEY DATES","heading":"facility period","plain_english":"Facility starts immediately, ends October 16, 2026 for deposits raised till September 30, 2026.","rbi_paragraph":null,"rbi_char_offset":5325,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p3","layer":"bankpulse"},{"n":1,"claim":"nt13468-7400ade72","page_group":"Do it","stored_section":"THE CORE IDEA","heading":"swap tenor match","plain_english":"Swap period must match the period of the related deposits.","rbi_paragraph":null,"rbi_char_offset":2846,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p4","layer":"bankpulse"},{"n":2,"claim":"nt13468-8aa6202fe","page_group":"Do it","stored_section":"WHO SHOULD ACT","heading":"separate records needed","plain_english":"Banks must keep separate records and audit trail for deposits under this scheme.","rbi_paragraph":null,"rbi_char_offset":2932,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p5","layer":"bankpulse"},{"n":3,"claim":"nt13468-da1a04d50","page_group":"Do it","stored_section":"WHO SHOULD ACT","heading":"conversion policy","plain_english":"Banks must use one consistent method for conversion and keep full documents.","rbi_paragraph":null,"rbi_char_offset":3478,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p6","layer":"bankpulse"},{"n":4,"claim":"nt13468-33ccf98d0","page_group":"Do it","stored_section":"THE CORE IDEA","heading":"minimum swap size","plain_english":"Banks must sell United States Dollars to Reserve Bank of India in lots of one million United States Dollars.","rbi_paragraph":null,"rbi_char_offset":4094,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p7","layer":"bankpulse"},{"n":5,"claim":"nt13468-2b67e0651","page_group":"Do it","stored_section":"THE CORE IDEA","heading":"second leg rate","plain_english":"Second leg must use the same rate as the first leg; swap is at par.","rbi_paragraph":null,"rbi_char_offset":4483,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p8","layer":"bankpulse"},{"n":6,"claim":"nt13468-9a59f3ba8","page_group":"Do it","stored_section":"WHO SHOULD ACT","heading":"declaration requirement","plain_english":"Banks must give a signed declaration that deposits follow scheme rules when asking for swap.","rbi_paragraph":null,"rbi_char_offset":4597,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p9","layer":"bankpulse"},{"n":1,"claim":"nt13468-46c6803a4","page_group":"Background","stored_section":"THE CORE IDEA","heading":"swap currency","plain_english":"Banks can swap only in United States Dollars with Reserve Bank of India.","rbi_paragraph":null,"rbi_char_offset":2772,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p10","layer":"bankpulse"},{"n":2,"claim":"nt13468-9b224f798","page_group":"Background","stored_section":"THE CORE IDEA","heading":"operating days","plain_english":"Swap facility will run every working day in Mumbai, not on Saturdays or holidays.","rbi_paragraph":null,"rbi_char_offset":3655,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p11","layer":"bankpulse"},{"n":3,"claim":"nt13468-30ad7e858","page_group":"Background","stored_section":"THE CORE IDEA","heading":"weekly usage limit","plain_english":"Each bank can use the swap facility only once in a week.","rbi_paragraph":null,"rbi_char_offset":3759,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p12","layer":"bankpulse"},{"n":4,"claim":"nt13468-bd3f69da0","page_group":"Background","stored_section":"THE CORE IDEA","heading":"first leg rate","plain_english":"In the first leg, bank sells United States Dollars to Reserve Bank of India at FBIL reference rate.","rbi_paragraph":null,"rbi_char_offset":4281,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p13","layer":"bankpulse"},{"n":5,"claim":"nt13468-34111d098","page_group":"Background","stored_section":"THE CORE IDEA","heading":"spot settlement","plain_english":"First leg of the swap will settle on spot from trade date.","rbi_paragraph":null,"rbi_char_offset":4379,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p14","layer":"bankpulse"},{"n":6,"claim":"nt13468-eaf875b68","page_group":"Background","stored_section":"THE CORE IDEA","heading":"no swap cancellation","plain_english":"Swaps done with Reserve Bank of India under this facility cannot be cancelled.","rbi_paragraph":null,"rbi_char_offset":5269,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p15","layer":"bankpulse"},{"n":7,"claim":"nt13468-501e930fd","page_group":"Background","stored_section":"WHAT CHANGES","heading":"normal FCNR rules apply","plain_english":"Usual FCNR B deposit rules apply, except where this scheme says otherwise.","rbi_paragraph":null,"rbi_char_offset":5498,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/nt13468#p16","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."}