Master Directions

The Reserve Bank of India has started issuing Master Directions on all regulatory matters beginning January 2016. The Master Directions consolidate instructions on rules and regulations framed by the Reserve Bank under various Acts including banking issues and foreign exchange transactions. The process of issuing Master Directions involves issuing one Master Direction for each subject matter covering all instructions on that subject. Any change in the rules, regulation or policy is communicated during the year by way of circulars/press releases. The Master Directions will be updated suitably and simultaneously whenever there is a change in the rules/regulations or there is a change in the policy. All the changes will get reflected in the Master Directions available on the RBI website along with the dates on which changes are made. Explanations of rules and regulations will be issued by way of Frequently Asked Questions (FAQs) after issue of the Master Directions in easy to understand language wherever necessary. The existing set of Master Circulars issued on various subjects will stand withdrawn with the issue of the Master Direction on the subject.

Banker and Debt Manager to Government
Jul 01, 2016
Master Directions on Relief/Savings Bonds 259 kb
Master Direction – Operational Guidelines for Primary Dealers 608 kb
Co-operative Banking
May 12, 2016
Master Direction - Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016 270 kb
Commercial Banking
Jul 01, 2016
Master Directions on Frauds – Classification and Reporting by commercial banks and select FIs 794 kb
Jun 23, 2016
Master Direction - Reserve Bank of India (Financial Statements of All India Financial Institutions - Presentation, Disclosure and Reporting) Directions, 2016 447 kb
May 26, 2016
Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 120 kb
May 12, 2016
Master Direction – Ownership in Private Sector Banks, Directions, 2016 72 kb
Apr 21, 2016
Master Direction – Amalgamation of Private Sector Banks, Directions, 2016 65 kb
Master Direction - Issue and Pricing of shares by Private Sector Banks, Directions, 2016 54 kb
Mar 03, 2016
Master Direction - Reserve Bank of India (Interest Rate on Advances) Directions, 2016 150 kb
Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 313 kb
Feb 25, 2016
Master Direction - Know Your Customer (KYC) Direction, 2016 408 kb
Nov 19, 2015
Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015 116 kb
Oct 22, 2015
Gold Monetisation Scheme, 2015 198 kb
Financial Inclusion and Development
Jul 21, 2016
Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector 491 kb
Jul 07, 2016
Master Direction - Priority Sector Lending – Targets and Classification 349 kb
Master Direction - Regional Rural Banks - Priority Sector Lending – Targets and Classification 99 kb
Jul 01, 2016
Master Direction - Reserve Bank of India (Relief Measures by Banks in Areas Affected by Natural Calamities) Directions, 2016 205 kb
Financial Market
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) 184 kb
Jul 05, 2016
Master Direction - on Risk Management and Inter-Bank Dealings (Updated as on March 21, 2017) 554 kb
Foreign Exchange Management
Feb 23, 2017
Master Direction – Money Transfer Service Scheme (MTSS) 73 kb
Nov 17, 2016
Master Direction - Insurance 187 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 133 kb
Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad 252 kb
Master Direction- Compounding of Contraventions under FEMA, 1999 82 kb
Master Direction – Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians/ Persons of Indian Origin 140 kb
Master Direction - Liberalised Remittance Scheme (LRS) 192 kb
Master Direction - Other Remittance Facilities 667 kb
Master Direction – Acquisition and Transfer of Immovable Property under Foreign Exchange Management Act, 1999 121 kb
Master Direction - Remittance of Assets 287 kb
Master Direction - Deposits and Accounts 202 kb
Master Direction – Import of Goods and Services 233 kb
Master Direction – Reporting under Foreign Exchange Management Act, 1999 1321 kb
Master Direction - Miscellaneous 78 kb
Master Direction - External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers 345 kb
Master Direction – Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses 94 kb
Master Direction - Money Changing Activities 140 kb
Master Direction – Export of Goods and Services 531 kb
Issuer of Currency
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 Balances 33 kb
Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public 55 kb
Non-banking
Nov 10, 2016
Master Directions - Mortgage Guarantee Companies (Reserve Bank) Directions, 2016 103 kb
Sep 29, 2016
Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016 148 kb
Master Direction - Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016 46 kb
Master Direction - Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016 236 kb
Sep 02, 2016
Master Direction- Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 244 kb
Sep 01, 2016
Master Direction - Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 1032 kb
Master Direction - Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 1199 kb
Aug 25, 2016
Master Direction - Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016 162 kb
Master Direction - Core Investment Companies (Reserve Bank) Directions, 2016 307 kb
Master Direction - Exemptions from the provisions of RBI Act, 1934 68 kb
Master Direction - Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 2016 97 kb
Master Direction - Standalone Primary Dealers (Reserve Bank) Directions, 2016 613 kb
Master Direction - Residuary Non-Banking Companies (Reserve Bank) Directions, 2016 272 kb
Payment and Settlement System
Jan 19, 2017
Master Directions on Access Criteria for Payment Systems 742 kb


Server 214
Top