FEMA & RBI · 2 Sep 2026
RBI drops two reports on Rupee accounts of non-resident banks: yearly branch list and overdrawal reporting dispensed with — A.P. (DIR Series) Circular No. 20
By A.P. (DIR Series) Circular No. 20 dated 2 September 2026, RBI has dispensed with two reporting requirements on Rupee accounts of non-resident banks that dated from April 2003: the annual list of branches maintaining such accounts, and the report of temporary overdrawals not adjusted within five days. The change applies with immediate effect.
Relief