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 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.
2. 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 :
| (i) |
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; |
| (ii) |
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 | | (iii) |
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.
3. 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.
4. 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.
5. 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. 6. 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
Annex-
III
[Annex to A. P. (DIR Series) Circular No.
55 dated May 09, 2007] Non-Resident
Deposits - Comprehensive Single Return:
Format for Electronic Reporting (version
3.0) Data should be reported in a standard text (ASCII) file with the
following format
| Format
for reporting data by bank head offices to RBI in floppy
Periodicity : Monthly | | No |
Column
Description |
Type |
Position |
Remarks |
| | Bank
Code | 7
N | 1
to 7 | Bank
Working and rest are zero. | | |
Reporting period [of Stock & flows] (YYYYMM)
| 6 N |
8 to 13 |
Period of Reporting (YYYYMM) |
| | Actual
period of data / flows (YYYYMM)
[previous to reporting period for back data
otherwise same] | 6
N | 14
to 19 | The
actual period of the data record.
YYYY represents the Year and MM
represents
the Month | | | N.R.
D. Scheme code | 4
A | 20
to 23 | Left
justified. As per code Box 1 | | |
Account Type |
1 A |
24 | F
for Fixed; R for Recurring; S for Savings; C for Current
A/c | | | Category
of Account holder | 1
A | 25 |
I for Individual; S for Student |
| | Original
Maturity | 1
N | 26 |
1 to 9 As per code box 2 |
| | Remaining
Maturity | 1
N | 27 |
1 to 9 As per code box 2 |
| | Country
(SWIFT code) | 2
A | 28
to 29 | SWIFT
Country code | | | A/c
Currency (SWIFT code) | 3
A | 30
to 32 | As
per code box 3 | | | Record
- type Code | 2
A | 33
to 34 | As
per Code Box 4 | | | Record
- Amount | 15
N | 35
to 49 | Amount
in A/c currency in integer
(without decimal point). | | |
No of Account |
15 N |
50 to 64 |
Number of account for which amount
has been aggregated |
Note
: (i) The data should be reported only once.
Reporting same data repeatedly will lead to inconsistency since each time data
is created using the NRD-CSR package, it creates one more file giving Bank name,
address & contact details.
(ii)
In case file is prepared by bank from bank's own system, the details about Bank
name, Part I code, postal address, city, pin, name of responsible officer, phone
& fax numbers with e-mail id may be reported in the forwarding letter. Further,
to ensure accuracy of the format, it is advised that banks should use NRD-CSR
3.0 Head Office module and load data in the Input and get NRD-CS Return in the
output after checking the data. |
Details
of codes used in the NRD-CSR electronic reporting format
| Code
Box: 1
Non-Resident Deposit Scheme Code | |
Sr. No. |
Account under the Scheme |
Scheme Code |
| Foreign
Currency Non-Resident (FCNR) A/c | FCNR |
| | Non-Resident
External (NRE) Rupee Account | NRE |
| | Non-Resident
(Non-Repatriable) (NRNR) Rupee A/c | NRNR |
| | Non-Resident
Special Rupee (NRSR) Account | NRSR |
| | Non-Resident
Ordinary (NRO) Rupee Account | NRO |
| Note
: NRNR and NRSR Accounts have been discontinued. |
| Code
Box: 2
Maturity Code | |
Sr. No. |
Maturity Classification |
Maturity
Code |
| Up
to and inclusive of six months | 1 |
| Over
six months but less than one year | 2 |
| Exactly
one year | 3 |
| Over
one year but less than two years | 4 |
| Exactly
two years | 5 |
| Over
two years but less than three years | 6 |
| Exactly
three years | 7 |
| Over
three years | 8 |
| Unallocated
(Savings/Current/Unclaimed Accounts) |
9 | |
In case of
Savings/Current/Unclaimed Deposit Accounts, the residual maturity cannot be determined.
In such cases, the residual maturity should be treated as unallocated (with
code 9). |
| Code
Box: 3
Currency Code | |
Sr. No. |
Currency Name |
Currency Code |
|
Australian Dollar |
AUD | |
Canadian Dollar |
CAD | |
Euro |
EUR | |
Great Britain Pound |
GBP | |
Indian Rupees |
INR | |
Japanese Yen |
JPY | |
United States Dollar |
USD | |
Probable currencies
acceptable under Non-Resident Deposits during the last few years as per SWIFT
Code. |
| Code
Box 4:
Record Type Code | |
No. |
Record Type |
Description of data item on the
record | Code |
| | Inflows |
Fresh inflow from abroad (total) |
FI | | |
High value* amount inflow from abroad
(of FI) | HA |
| | Amount
of interest reinvested | IR |
| | Amount
renewed / transfer from other A/c | PR |
| | Local
inflow (for NRO Savings A/c) | LI |
| | Outflows |
Amount of principal remitted abroad
(total) | PA |
| | High
value* amount of principal remitted to abroad (of PA) |
HP | | |
Amount of interest remitted abroad
(total) | IA |
| | High
value* amount of interest remitted to abroad (of IA) |
HI | | |
Amount of principal remitted locally |
PL | | |
Amount of interest remitted locally |
IL | | |
Local withdrawals (gifts, tax, donations
etc.) | LW |
| | Transfers
to other A/c including renewals | TR |
| | Balances |
Opening Balance, including unclaimed |
OB | | | |
Closing Balance, including unclaimed |
CB | | | |
Unclaimed Balance |
UC | | | |
Interest Accrued as on end of Ref.
Month | AI |
| | | Interest
Suspense Balance (Interest Arrears) | SB |
| | | Average
Interest rate (in terms of Basis Points) | AR |
Note
: The above codes are to be used for the reporting of data under
NRD-CSR System
to RBI. |
The
currency-wise cut-off limits of the high value transaction amounts are as below:
| Currency
Code | Currency |
Amount | |
AUD |
Australian Dollar |
30,000 | |
CAD |
Canadian Dollar |
27,500 | |
EUR |
Euro |
20,000 | |
GBP |
Great Britain Pound |
12,500 | |
INR |
Indian Rupees |
10,00,000 | |
JPY |
Japanese Yen |
25,00,000 | |
USD |
United States Dollar |
23,000 | |