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 The existing set of Master Circulars issued on various subjects will stand withdrawn with the issue of the Master Direction on the subject.

Commercial Banking
May 29, 2019
Master Direction - Know Your Customer (KYC) Direction, 2016 (Updated as on May 29, 2019)PDF document 529 kb
Jul 01, 2016
Master Directions on Frauds – Classification and Reporting by commercial banks and select FIs (Updated as on July 03, 2017)PDF document 232 kb
Jun 23, 2016
Master Direction - Reserve Bank of India (Financial Statements of All India Financial Institutions - Presentation, Disclosure and Reporting) Directions, 2016PDF document 447 kb
May 26, 2016
Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 (Updated as on September 25, 2017)PDF document 136 kb
May 12, 2016
Master Direction – Ownership in Private Sector Banks, Directions, 2016PDF document 72 kb
Apr 21, 2016
Master Direction – Amalgamation of Private Sector Banks, Directions, 2016PDF document 65 kb
Master Direction - Issue and Pricing of shares by Private Sector Banks, Directions, 2016PDF document 54 kb
Mar 03, 2016
Master Direction - Reserve Bank of India (Interest Rate on Advances) Directions, 2016 (Updated as on March 29, 2016)PDF document 150 kb
Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 (Updated as on February 22, 2019)PDF document 228 kb
Nov 19, 2015
Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015PDF document 116 kb
Oct 22, 2015
Gold Monetisation Scheme, 2015 (Updated as on January 9, 2019)PDF document 259 kb


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