Deposits and Accounts – Accounts of Non-resident banks
- Applies toAll regulated entities
- StatusIn force
- IssuedSep 02, 2026
- Amendmentsnone tracked
- Length5 points in 3 sections · 1 min read
The four dates on this rule
- PublishedSep 02, 2026The day RBI put this document out. This is the same day as the Issued date on this rule.
- Starts to applySep 02, 2026The day this rule starts to apply, as RBI's own text states it.
- Time to get readyNoneIt starts to apply on the day it was published.
- Last date to actNot statedNo date to act by was found in this document. Other dates may sit inside single paragraphs.
This rulebook is short, and the page is short with it. This is a one-page circular, not a Master Direction -- 182 words of real text once the RBI menu and its own notification archive list are stripped out. Five points is everything it actually says: who it is for, the two old duties it describes, the decision to drop both, and the law it is issued under.
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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.
Must know
1. Both duties are now dropped
RBI has dropped both reporting duties, right away.
Background
1. Sent to AD Category-I banks
This circular goes to every Authorised Dealer Category-I bank.
2. The old yearly list duty
Banks used to send RBI a yearly list of their non-resident bank accounts.
3. The old overdrawal report duty
Banks used to report late overdrawals by their overseas branches.
4. The legal basis for this
RBI issued this under the Foreign Exchange Management Act.