Date: |
09-05-2007
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Notification No: |
RBI A P D (Series)Circular No 55/2007
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Issuing Authority: |
RBI
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Type: |
A.P.D.(Series) Circulars
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File No: |
RBI/2006-2007/386, A. P. (DIR Series) Circular No. 55 |
Subject: |
Upgradation of Non-Resident Deposits–Comprehensive Single Return (NRD-CSR)- Version 2.1(R) to Version 3.0
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RBI/2006-2007/386
A. P. (DIR Series) Circular No. 55
May 09, 2007
To,
All Banks Authorised to Deal in Foreign Exchange
Madam / Sir,
Upgradation of Non-Resident Deposits–Comprehensive Single Return
(NRD-CSR)- Version 2.1(R) to Version 3.0
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Attention of banks maintaining Non-Resident Deposit (NRD) Accounts is invited to
A. P. (DIR Series) Circular No. 99 dated April 30, 2003, in terms of which the
data on Non-Resident Deposits is required to be submitted in the CSR format on a
monthly basis based on the recommendation of the National Statistical
Commission.
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Rationale for the new version – The existing NRD-CSR version 2.1 (R)
application package has been revised and upgraded to version 3.0 due to the
following changes that have taken place recently :
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Modification in the IBS format on account of the implementation of the BIS (Bank
for International Settlements) System of compilation of International Banking
Statistics (IBS) of India;
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Addition of two new currencies viz. Australian Dollar (AUD) and Canadian Dollar
(CAD) and increase in the maturity buckets in the FCNR (B) deposits [cf DBOD.
Dir. BC. 22 / 13.03.00/ 2005-06 dated July 26, 2005]; and
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Need to provide useful tools to the user banks.
Accordingly, NRD-CSR (version 3.0) has been developed to capture the above
developments, in a user friendly manner. Further, the Stat Returns have also
been modified.
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Manner of Submission
As per the extant guidelines, banks authorised to deal in foreign exchange are
submitting Stat 5 for FCNR (B) accounts and Stat 8 for NRE accounts to the
Foreign Exchange Department, Reserve Bank of India, Trade Division, Central
Office, Amar Building, Mumbai. Effective from April 2007, such banks are
required to submit a soft copy of the revised Stat 5 and Stat 8 Returns in
Microsoft Excel format, by email. A hard copy of the Returns should be sent at
the following address.
The Director,
Reserve Bank of India,
Department of Statistical Analysis & Computer Services (DESACS),
Balance of Payments Statistics Division,
C-9/8, Bandra-Kurla Complex,
Bandra (East),
Mumbai – 400 051.
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The revised formats of Stat 5 and Stat 8 and the NRD-CSR Version 3.0
Application Software package have been placed on the Reserve Bank's website
www.rbi.org.in (under Notification >> FEMA >> Electronic Reporting System).
Installation guide and user’s guide for the NRD-CSR version 3.0 are available in
the zipped file viz. nrdcsr3p0.zip. The revised formats of Stat 5, Stat 8 and
the data structure of NRD-CSR are given in Annex – I, Annex – II and Annex –
III, respectively. It may be noted that there is no change in the structure of
NRD-CSR format.
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Co-operative Banks and Regional Rural Banks may submit the hard and soft
copies of Stat 5 and Stat 8 Returns, in the revised formats/version, beginning
with the data for April 2007, to the Regional Offices of the Foreign Exchange
Department, Reserve Bank.
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The directions contained in this circular have been issued under sections
10(4) and 11(1) of the Foreign Exchange Management Act 1999 (42 of 1999) and is
without prejudice to permissions / approvals, if any, required under any other
law.
Yours faithfully,
(Salim Gangadharan)
Chief General Manager
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