RegAlert

Rule · RBI · 2 Sep 2026

Deposits and Accounts – Accounts of Non-resident banks

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The Reserve Bank of India dispenses with reporting requirements for Authorised Dealer Category-I banks regarding Rupee accounts of non-resident banks. Specifically, AD banks are no longer required to furnish an up-to-date list of offices maintaining such accounts by January 15 each year, nor to report temporary overdrawals by overseas branches or correspondents if not adjusted within five days. These exemptions apply with immediate effect under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.

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( 282 kb ) Deposits and Accounts – Accounts of Non-resident banks

RBI/2026-27/251 A.P. (DIR Series) Circular No. 20

September 02, 2026

To

All Authorised Dealer Category-I banks

Madam / Sir

Deposits and Accounts – Accounts of Non-resident banks

Please refer to Para B.2(ii) and B.8(i) of Part B of the A.P. (DIR Series) Circular No.92, dated April 4, 2003 , in terms of which AD banks were required to:

Furnish an up-to-date list of all its offices/branches maintaining Rupee accounts of non-resident banks, as at the end of December each year before 15th January of the following year to the Central Office of Reserve Bank, and

Report temporary overdrawals by overseas branches/ correspondents over permissible limit, if not adjusted within five days, to the Central Office of Reserve Bank.

  1. On a review, it has been decided to dispense with the above reporting requirements with immediate effect.

  2. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law.

Yours faithfully

(N. Senthil Kumar) Chief General Manager

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Foreign Exchange Management Act,1999 (42 of 1999)Not in RegAlertForeign Exchange Management Act, 1999 (42 of 1999) — Not in RegAlertCircular No. 92 dated 2003-04-04Not in RegAlertCircular No. 92 dated 2003-04-04 — Not in RegAlertDeposits and Accounts –Accounts of Non-resident banks2026-09-02 · this documentDeposits and Accounts – Accounts of Non-resident banks (2026-09-02)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Supersedes
  • Circular No. 92 dated 2003-04-04Not in RegAlert

    “On a review, it has been decided to dispense with the above reporting requirements with immediate effect.”

Issued under
  • Foreign Exchange Management Act, 1999 (42 of 1999)Not in RegAlert

    “The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999)”

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