Deposits and Accounts – Accounts of Non-resident banks

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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:

1. 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
2. Report temporary overdrawals by overseas branches/ correspondents over permissible limit, if not adjusted within five days, to the Central Office of Reserve Bank.

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

3. 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