Regulatory document · Reserve Bank of India
Deposits and Accounts – Accounts of Non-resident banks
- Applies toAll regulated entities
- StatusIn force
- ImportanceFOR INFORMATION
- 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.
- Starts to applyNot statedNot stated separately in this document. Read the rule itself before you assume a start date.
- Time to get readyNot statedCannot be worked out until the day it starts to apply is known.
- 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.
At a glanceBanks used to send RBI a yearly list of their non-resident bank accounts. This circular goes to every Authorised Dealer Category-I bank.
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What it says
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.