Reserve Bank of India

List of Master Directions issued by Reserve Bank of India

The existing set of Master Circulars issued by RBI on various subjects will stand withdrawn with the issue of the Master Direction on the subject. The Master Directions consolidate instructions on rules and regulations framed by the Reserve Bank under various Acts including banking issues and foreign exchange transactions.

Banker and Debt Manager to Government

Jul 03, 2018
Master Directions on Relief/Savings Bonds
Jul 01, 2016
Master Direction – Operational Guidelines for Primary Dealers (Updated as on November 22, 2018)

Co-operative Banking

May 12, 2016
Master Direction – Reserve Bank of India (Co-operative Banks – Interest Rate on Deposits) Directions, 2016

Commercial Banking

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)
May 29, 2019
Master Direction – Know Your Customer (KYC) Direction, 2016 (Updated as on April 20, 2020)
Jul 01, 2016
Master Directions on Frauds – Classification and Reporting by commercial banks and select FIs (Updated as on July 03, 2017)
Jun 23, 2016
Master Direction – Reserve Bank of India (Financial Statements of All India Financial Institutions – Presentation, Disclosure and Reporting) Directions, 2016
May 26, 2016
Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 (Updated as on September 25, 2017)
May 12, 2016
Master Direction – Ownership in Private Sector Banks, Directions, 2016
Apr 21, 2016
Master Direction – Amalgamation of Private Sector Banks, Directions, 2016
Master Direction – Issue and Pricing of shares by Private Sector Banks, Directions, 2016
Mar 03, 2016
Master Direction – Reserve Bank of India (Interest Rate on Advances) Directions, 2016 (Updated as on February 26, 2020)
Master Direction – Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 (Updated as on February 22, 2019)
Nov 19, 2015
Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015
Oct 22, 2015
Gold Monetisation Scheme, 2015 (Updated as on August 16, 2019)

Financial Inclusion and Development

Aug 01, 2019
Master Direction – Priority Sector Lending – Small Finance Banks – Targets and Classification (Updated as on March 12, 2020)
Jun 27, 2019
Master Direction – Regional Rural Banks – Priority Sector Lending – Targets and Classification (Updated as on June 18, 2019)
Oct 17, 2018
Master Direction – Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – RRBs
Master Direction – Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – SCBs
Jul 24, 2017
Master Direction – Lending to Micro, Small & Medium Enterprises (MSME) Sector (Updated as on April 25, 2018)
Jul 05, 2017
Master Direction – Reserve Bank of India (Relief Measures by banks in areas affected by Natural Calamities) Directions 2017
Jul 07, 2016
Master Direction – Priority Sector Lending – Targets and Classification (Updated as on December 05, 2019)

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)
Jul 05, 2016
Master Direction – Risk Management and Inter-Bank Dealings (Updated as on June 01, 2020)

Foreign Exchange Management

Mar 26, 2019
Master Direction – External Commercial Borrowings, Trade Credits and Structured Obligations (Updated as on August 08, 2019)
Jan 04, 2018
Master Direction – Foreign Investment in India (Updated up to March 08, 2019)
Feb 23, 2017
Master Direction – Money Transfer Service Scheme (MTSS)
Nov 17, 2016
Master Direction – Insurance (Updated as on November 17, 2016)
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 March 29, 2019)
Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad (Updated as on September 18, 2019)
Master Direction- Compounding of Contraventions under FEMA, 1999 (Updated as on April 04, 2019)
Master Direction – Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians/ Persons of Indian Origin
Master Direction – Liberalised Remittance Scheme (LRS) (Updated as on June 20, 2018)
Master Direction – Other Remittance Facilities (Updated as on November 6, 2018)
Master Direction – Acquisition and Transfer of Immovable Property under Foreign Exchange Management Act, 1999 (Updated as on April 11, 2018)
Master Direction – Remittance of Assets (Updated as on April 28, 2016)
Master Direction – Deposits and Accounts (Updated as on January 9, 2020)
Master Direction – Import of Goods and Services (Updated as on January 27, 2020)
Master Direction – Reporting under Foreign Exchange Management Act, 1999 (Updated as on September 18, 2019)
Master Direction – Miscellaneous (Updated as on November 12, 2018)
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)
Master Direction – Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses (Updated as on August 31, 2018)
Master Direction – Export of Goods and Services (Updated as on January 12, 2018)
Master Direction – Money Changing Activities (Updated as on March 29, 2019)

Issuer of Currency

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)
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)
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 Balances
Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public
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 Balances
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
Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public

Non-banking

Oct 25, 2018
Master Direction – Fit and Proper Criteria for Sponsors – Asset Reconstruction Companies (Reserve Bank) Directions, 2018
Oct 04, 2017
Master Directions – Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 (Updated as on December 23, 2019)
Jun 08, 2017
Master Direction – Information Technology Framework for the NBFC Sector
Nov 10, 2016
Master Directions – Mortgage Guarantee Companies (Reserve Bank) Directions, 2016 (Updated as on November 22, 2019)
Sep 29, 2016
Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016
Master Direction – Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016
Master Direction – Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016
Sep 02, 2016
Master Direction- Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016 (Updated as on November 22, 2019)
Sep 01, 2016
Master Direction – Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 (Updated as on February 17, 2020)
Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 (Updated as on February 17, 2020)
Aug 25, 2016
Master Direction – Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016 (Updated as on February 22, 2019)
Master Direction – Core Investment Companies (Reserve Bank) Directions, 2016 (Updated as on November 22, 2019)
Master Direction – Exemptions from the provisions of RBI Act, 1934 (Updated as on July 10, 2020)
Master Direction – Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 2016
Master Direction – Standalone Primary Dealers (Reserve Bank) Directions, 2016 (Updated as on November 22, 2019)
Master Direction – Residuary Non-Banking Companies (Reserve Bank) Directions, 2016 (Updated as on February 22, 2019)

Payment and Settlement System

Oct 11, 2017
Master Direction on Issuance and Operation of Prepaid Payment Instruments (Updated as on February 28, 2020)
Jan 19, 2017
Master Directions on Access Criteria for Payment Systems