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Master Directions

Banker and Debt Manager to Government
Jul 03, 2018
Master Directions on Relief/Savings BondsPDF Download 256 kb
Jul 04, 2017
Master Directions on Relief/Savings BondsPDF Download 884 kb
Jul 01, 2016
Master Direction – Operational Guidelines for Primary Dealers (Updated as on November 22, 2018)PDF Download 669 kb
Co-operative Banking
Jul 15, 2024
Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs)PDF Download 397 kb
Apr 01, 2023
Master Direction – Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Primary (Urban) Co-operative Banks) Directions, 2023PDF Download 608 kb
Mar 23, 2021
Master Direction - Amalgamation of Urban Cooperative Banks, Directions, 2020PDF Download 163 kb
May 12, 2016
Master Direction - Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016 (Updated as on January 01, 2024)PDF Download 513 kb
Commercial Banking
Apr 01, 2025
Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2025PDF Download 202 kb
Mar 25, 2025
Master Direction – Reserve Bank of India (Prudential Norms on Capital Adequacy for Regional Rural Banks) Directions, 2025PDF Download 521 kb
Jan 06, 2025
Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025PDF Download 1203 kb
Jul 30, 2024
Master Direction on Treatment of Wilful Defaulters and Large DefaultersPDF Download 1035 kb
Jul 15, 2024
Master Directions on Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial InstitutionsPDF Download 445 kb
Feb 27, 2024
Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions - 2024PDF Download 2066 kb
Nov 07, 2023
Master Direction on Information Technology Governance, Risk, Controls and Assurance PracticesPDF Download 425 kb
Sep 12, 2023
Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023 (Updated as on April 01, 2025)PDF Download 1050 kb
Jun 26, 2023
Master Direction on Minimum Capital Requirements for Operational RiskPDF Download 1297 kb
Apr 10, 2023
Master Direction on Outsourcing of Information Technology ServicesPDF Download 417 kb
Jan 16, 2023
Master Direction – Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023PDF Download 310 kb
Apr 21, 2022
Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022 (Updated as on March 07, 2024)PDF Download 906 kb
Mar 14, 2022
Master Direction – Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022 (Updated as on October 10, 2024)PDF Download 507 kb
Oct 26, 2021
Master Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021 (Updated as on April 08, 2024)PDF Download 1777 kb
Sep 24, 2021
Master Direction – Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021 (Updated as on December 05, 2022)PDF Download 740 kb
Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 (Updated as on December 28, 2023)PDF Download 855 kb
Aug 30, 2021
Master Direction on Financial Statements - Presentation and Disclosures (Updated as on April 01, 2025)PDF Download 1697 kb
Aug 25, 2021
Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 (Updated as on December 8, 2022)PDF Download 2060 kb
Jul 20, 2021
Master Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021 (Updated as on December 16, 2024)PDF Download 978 kb
Feb 18, 2021
Master Direction on Digital Payment Security ControlsPDF Download 261 kb
Aug 02, 2019
Master Direction - Reserve Bank of India (‘Fit and Proper’ Criteria for Elected Directors on the Boards of PSBs) Directions, 2019 (Updated as on June 03, 2020)PDF Download 258 kb
May 29, 2019
Master Direction - Know Your Customer (KYC) Direction, 2016 (Updated as on June 12, 2025)PDF Download 880 kb
Jul 01, 2016
Master Directions on Frauds – Classification and Reporting by commercial banks and select FIs (Updated as on July 03, 2017)PDF Download 232 kb
Jun 23, 2016
Master Direction - Reserve Bank of India (Financial Statements of All India Financial Institutions - Presentation, Disclosure and Reporting) Directions, 2016PDF Download 447 kb
May 26, 2016
Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 (Updated as on August 10, 2021)PDF Download 283 kb
May 12, 2016
Master Direction – Ownership in Private Sector Banks, Directions, 2016PDF Download 682 kb
Apr 21, 2016
Master Direction – Amalgamation of Private Sector Banks, Directions, 2016PDF Download 65 kb
Master Direction - Issue and Pricing of shares by Private Sector Banks, Directions, 2016PDF Download 644 kb
Mar 03, 2016
Master Direction - Reserve Bank of India (Interest Rate on Advances) Directions, 2016 (Updated as on September 12, 2023)PDF Download 329 kb
Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 (Updated as on June 07, 2024)PDF Download 295 kb
Nov 19, 2015
Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015PDF Download 773 kb
Oct 22, 2015
Gold Monetization Scheme, 2015 (Updated as on March 25, 2025)PDF Download 808 kb
Consumer Education and Protection
Dec 29, 2023
Master Direction - Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023PDF Download 378 kb
Financial Inclusion and Development
Mar 24, 2025
Master Directions - Reserve Bank of India (Priority Sector Lending – Targets and Classification) Directions, 2025PDF Download 770 kb
Sep 04, 2020
Master Directions – Priority Sector Lending (PSL) – Targets and Classification dated September 04, 2020 [superseded by Master Directions - Reserve Bank of India (Priority Sector Lending – Targets and Classification) Directions, 2025]PDF Download 1559 kb
Oct 17, 2018
Master Direction – Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – RRBsPDF Download 279 kb
Master Direction – Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – SCBsPDF Download 212 kb
Jul 24, 2017
Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector (Updated as on June 11, 2024)PDF Download 1012 kb
Jul 05, 2017
Master Direction – Reserve Bank of India (Relief Measures by banks in areas affected by Natural Calamities) Directions 2017PDF Download 136 kb
Financial Market
Jun 16, 2025
Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2025PDF Download 422 kb
Feb 07, 2025
Master Direction - Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2025PDF Download 320 kb
Jan 07, 2025
Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025 (Updated as on May 08, 2025)PDF Download 529 kb
Oct 18, 2024
Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024PDF Download 311 kb
May 08, 2024
Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024 (Updated as on February 21, 2025)PDF Download 574 kb
Jan 03, 2024
Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity upto one year) Directions, 2024PDF Download 362 kb
Dec 12, 2022
Master Direction – Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022 (Updated as on April 15, 2024)PDF Download 353 kb
Jun 01, 2022
Master Direction – Reserve Bank of India (Variation Margin) Directions, 2022PDF Download 304 kb
Feb 10, 2022
Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2022 (Updated as on January 01, 2025)PDF Download 375 kb
Sep 16, 2021
Master Direction – Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021 (Updated as on February 21, 2025)PDF Download 259 kb
Jun 04, 2021
Master Direction – Reserve Bank of India (Certificate of Deposit) Directions, 2021PDF Download 268 kb
Apr 01, 2021
Master Direction - Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021 (Updated as on June 08, 2023)PDF Download 250 kb
Jul 07, 2016
Master Direction on Money Market Instruments: Call/Notice Money Market, Commercial Paper, Certificates of Deposit and Non-Convertible Debentures (original maturity up to one year) (This Master Direction has been superseded)PDF Download 1066 kb
Jul 05, 2016
Master Direction - Risk Management and Inter-Bank Dealings (Updated as on April 16, 2025)PDF Download 557 kb
Foreign Exchange Management
Apr 22, 2025
Master Directions - Compounding of Contraventions under FEMA, 1999, dated April 22, 2025 (Updated as on April 24, 2025) (Supersedes Master Direction- Compounding of Contraventions under FEMA, 1999, (Updated as on May 24, 2022))PDF Download 301 kb
Jul 24, 2024
Master Direction - Overseas InvestmentPDF Download 691 kb
Mar 26, 2019
Master Direction - External Commercial Borrowings, Trade Credits and Structured Obligations (Updated as on December 22, 2023) (Supersedes Master Direction - External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers (Updated as on November 22, 2018))PDF Download 437 kb
Jan 04, 2018
Master Direction – Foreign Investment in India (Updated as on January 20, 2025)PDF Download 443 kb
Feb 23, 2017
Master Direction – Money Transfer Service Scheme (MTSS) (Updated as on February 29, 2024)PDF Download 269 kb
Nov 17, 2016
Master Direction - Insurance (Updated as on December 07, 2021)PDF Download 146 kb
Jan 04, 2016
Master Direction - Establishment of Branch Office (BO)/ Liaison Office (LO)/ Project Office (PO) or any other place of business in India by foreign entities (Updated as on May 18, 2021)PDF Download 317 kb
Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad (Updated as on June 24, 2021)PDF Download 1274 kb
Directions - Compounding of Contraventions under FEMA, 1999 dated October 01, 2024 (Supersedes Master Direction- Compounding of Contraventions under FEMA, 1999, (Updated as on May 24, 2022))PDF Download 902 kb
Master Direction – Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians/ Persons of Indian OriginPDF Download 140 kb
Master Direction - Liberalised Remittance Scheme (LRS) (Updated as on September 06, 2024)PDF Download 423 kb
Master Direction - Other Remittance Facilities (Updated as on September 06, 2024)PDF Download 478 kb
Master Direction – Acquisition or Transfer of Immovable Property under Foreign Exchange Management Act, 1999 (Updated as on September 01, 2022)PDF Download 269 kb
Master Direction - Remittance of Assets (Updated as on April 28, 2016)PDF Download 287 kb
Master Direction - Deposits and Accounts (Updated as on April 16, 2025)PDF Download 493 kb
Master Direction – Import of Goods and Services (Updated as on June 13, 2025)PDF Download 461 kb
Master Direction – Reporting under Foreign Exchange Management Act, 1999 (Updated as on September 16, 2024)PDF Download 2730 kb
Master Direction - Miscellaneous (Updated as on November 12, 2018)PDF Download 190 kb
Master Direction – Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses (Updated as on December 22, 2022)PDF Download 221 kb
Master Direction – Export of Goods and Services (Updated as on April 29, 2025)PDF Download 410 kb
Master Direction - Money Changing Activities (Updated as on May 29, 2024)PDF Download 538 kb
Issuer of Currency
Apr 25, 2025
Master Direction on Framework of incentives for Currency Distribution & Exchange Scheme for bank branches including currency chestsPDF Download 374 kb
Apr 01, 2025
Master Direction – Facility for Exchange of Notes and CoinsPDF Download 458 kb
Master Direction on Counterfeit Notes, 2025 – Detection, Reporting and MonitoringPDF Download 685 kb
Master Direction on Penal Provisions in reporting of transactions / balances at Currency ChestsPDF Download 334 kb
Master Direction – Scheme of Penalties for bank branches and currency chests for deficiency in rendering customer service to the members of publicPDF Download 342 kb
Apr 01, 2024
Master Direction on Counterfeit Notes, 2024 – Detection, Reporting and MonitoringPDF Download 622 kb
Master Direction on Penal Provisions in reporting of transactions / balances at Currency ChestsPDF Download 302 kb
Master Direction on Framework of incentives for Currency Distribution & Exchange Scheme for bank branches including currency chestsPDF Download 234 kb
Master Direction – Scheme of Penalties for bank branches and Currency Chests for deficiency in rendering customer service to the members of publicPDF Download 338 kb
Apr 03, 2023
Master Direction on Framework of Incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests based on performance in rendering customer service to the members of publicPDF Download 264 kb
Master Direction – Scheme of Penalties for bank branches and Currency Chests for deficiency in rendering customer service to the members of publicPDF Download 279 kb
Master Direction on Penal Provisions in reporting of transactions/ balances at Currency ChestsPDF Download 258 kb
Master Direction on Counterfeit Notes, 2023 - Detection, Reporting and MonitoringPDF Download 1356 kb
Master Direction – Facility for Exchange of Notes and Coins (Updated as on May 15, 2023)PDF Download 299 kb
Apr 01, 2022
Master Direction on Penal Provisions in deficiencies in reporting of transactions/ balances at Currency ChestsPDF Download 341 kb
Master Direction on Framework of Incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests based on performance in rendering customer service to the members of publicPDF Download 252 kb
Apr 01, 2021
Master Direction on Levy of Penal Interest for Delayed Reporting / Wrong Reporting / Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest BalancesPDF Download 304 kb
Master Direction on “Currency Distribution & Exchange Scheme (CDES)” for bank branches including currency chests based on performance in rendering customer service to members of publicPDF Download 201 kb
Jul 01, 2019
Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public (Updated as on January 6, 2020)PDF Download 372 kb
Master Direction on Levy of Penal Interest for Delayed Reporting / Wrong Reporting / Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances (Updated as on October 03, 2019)PDF Download 158 kb
Jul 05, 2018
Master Direction on Levy of Penal Interest for Delayed Reporting / Wrong Reporting / Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest BalancesPDF Download 73 kb
Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of publicPDF Download 57 kb
Oct 12, 2017
Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest BalancesPDF Download 99 kb
Jul 20, 2016
Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest BalancesPDF Download 33 kb
Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of publicPDF Download 55 kb
Non-banking
Jul 15, 2024
Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies)PDF Download 399 kb
Apr 24, 2024
Master Direction – Reserve Bank of India (Asset Reconstruction Companies) Directions, 2024 (Updated as on April 23, 2025)PDF Download 745 kb
Oct 19, 2023
Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 (Updated as on May 05, 2025)PDF Download 2761 kb
Sep 21, 2023
Master Direction - Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resource Raising Norms for All India Financial Institutions) Directions, 2023 (Updated as on February 17, 2025)PDF Download 2489 kb
Feb 17, 2021
Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 (Updated as on May 05, 2025)PDF Download 2395 kb
Oct 25, 2018
Master Direction - Fit and Proper Criteria for Sponsors - Asset Reconstruction Companies (Reserve Bank) Directions, 2018PDF Download 146 kb
Oct 04, 2017
Master Direction - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 (Updated as on February 27, 2025)PDF Download 630 kb
Jun 08, 2017
Master Direction - Information Technology Framework for the NBFC SectorPDF Download 254 kb
Nov 10, 2016
Master Directions - Mortgage Guarantee Companies (Reserve Bank) Directions, 2016 (Updated as on May 05, 2025)PDF Download 368 kb
Sep 29, 2016
Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016PDF Download 148 kb
Master Direction - Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016PDF Download 160 kb
Master Direction - Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016PDF Download 236 kb
Sep 02, 2016
Master Direction - Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 (Updated as on September 06, 2024)PDF Download 576 kb
Sep 01, 2016
Master Direction - Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016PDF Download 4192 kb
Master Direction - Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016PDF Download 5296 kb
Aug 25, 2016
Master Direction - Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016 (Updated as on February 27, 2025)PDF Download 372 kb
Master Direction - Core Investment Companies (Reserve Bank) Directions, 2016 (Updated as on May 05, 2025)PDF Download 866 kb
Master Direction - Exemptions from the provisions of RBI Act, 1934 (Updated as on April 01, 2022)PDF Download 167 kb
Master Direction - Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 2016PDF Download 97 kb
Master Direction - Standalone Primary Dealers (Reserve Bank) Directions, 2016 (Updated as on May 05, 2025)PDF Download 1526 kb
Master Direction - Residuary Non-Banking Companies (Reserve Bank) Directions, 2016 (Updated as on February 22, 2019)PDF Download 385 kb
Payment and Settlement System
Jul 30, 2024
Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System OperatorsPDF Download 1033 kb
Feb 29, 2024
Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024PDF Download 361 kb
Aug 27, 2021
Master Directions on Prepaid Payment Instruments (PPIs) (Updated as on December 27, 2024)PDF Download 707 kb
Oct 11, 2017
Master Direction on Issuance and Operation of Prepaid Payment Instruments (Updated as on November 17, 2020)PDF Download 604 kb
Jan 19, 2017
Master Directions on Access Criteria for Payment Systems (Updated as on July 28, 2021)PDF Download 1359 kb

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