Reserve Bank of India has issued Master Direction – Deposits and Accounts on April 16, 2025. Instructions issued on maintenance of deposits and accounts under the Foreign Exchange Management Act, 1999 have been compiled in this Master Direction. Reporting instructions can be found in Master Directions on reporting.
The present amendment in this Master Direction is aimed at consolidating the directions pertaining to Vostro accounts of non-resident banks. These directions are issued in continuation of Master Direction – Risk Management and Inter-Bank Dealings (Updated as on April 16, 2025).
