·
The
Reserve Bank of India has mandated that certain FEMA-related monthly reports
submitted by Authorised Dealer Category-I (AD Category-I) banks will now be
filed through the Centralized Information Management System (CIMS) portal.
·
From June 30, 2026, AD
Category-I banks must submit the monthly consolidated statement of:
o Branch Offices (BOs)
o Liaison Offices (LOs)
o Project Offices (POs)
opened and closed during the month through the CIMS portal.
·
The
statement has been assigned Return
Code R343.
·
Reporting
will commence for the month ending June
2026.
·
Banks
must submit a 'NIL' report
where no data is available.
·
Monthly
reporting relating to:
o Number of applicants, and
o Total amount remitted from Non-Resident
(Ordinary) Rupee (NRO) Accounts
has also been migrated to the CIMS portal.
·
This
return has been assigned Return
Code R006.
·
All
submissions are to be made through the RBI's CIMS portal:
o Sankalan Portal (https://sankalan.rbi.org.in)
·
The
RBI will update the Master Direction on "Reporting
under Foreign Exchange Management Act (FEMA), 1999" to
incorporate these reporting changes.
·
The
move aims to centralize
and digitize regulatory reporting, improve data management, and
streamline compliance requirements for AD Category-I banks.
·
The
directions have been issued under Sections 10(4) and 11(2) of the Foreign Exchange Management
Act, 1999 and are effective as notified by the RBI.
[A.P.
(DIR Series) Circular No. 12 dated June 05, 2026]
Submission
of statement/return on Centralized Information Management System (CIMS)
Attention of Authorised Dealer Category
I (AD Category I) banks is invited to the A.P. (DIR Series) Circular No.69
dated May 12, 2016, in terms of which AD Category
I banks were required to submit a
consolidated list of all the BOs/LOs/ POs opened and closed by them during a
month, by the fifth of the succeeding month, to the General Manager, Reserve
Bank of India, Foreign Exchange Department, Central Office Cell, Sansad Marg,
New Delhi.
It has now been decided that with effect
from June 30, 2026, the above-mentioned statement shall be submitted on the
Centralized Information Management System (CIMS) portal. The statement has been
assigned return code - R343 on CIMS portal. Accordingly, all AD Category I
banks shall upload the above-mentioned statement on CIMS portal (URL:
https://sankalan.rbi.org.in) from the month ending June 2026. In case no data
is to be furnished, AD Category I banks shall upload a NIL report.
Attention of Authorised Dealer Category
I (AD Category I) banks is further invited to the A.P. (DIR Series)
Circular No.67 dated May 05, 2016, in terms of which AD Category I banks were
required to furnish on a monthly basis, a statement on the number of applicants
and total amount remitted from the Non-Resident (Ordinary) Rupee (NRO) Account
in the requisite format to General Manager-in-Charge, Foreign Exchange
Department, Reserve Bank of India, Foreign Investments Division (NRFAD),
Central Office Cell, Parliament Street, New Delhi.
Submission of the above-mentioned
statement has been shifted to CIMS portal with return code - R006.
Accordingly, all AD Category I banks shall upload the above- mentioned
statement on CIMS portal (URL: https://sankalan.rbi.org.in).
The Master Direction on Reporting under
Foreign Exchange Management Act, 1999 is being updated to reflect the changes.
The directions contained in this
circular have been issued under section 10(4) and 11(2) of the Foreign Exchange
Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to
permissions / approvals, if any, required under any other law.