The RBI has transitioned reporting of the Non-Resident Deposits Comprehensive Single Return (NRD-CSR) from XBRL to the CIMS Sankalan portal, streamlining data submission for authorised dealers.
RBI Moves NRD-CSR Reporting to CIMS Sankalan Portal
Effective October 1, 2026, the Reserve Bank of India requires all authorised dealers maintaining Non-Resident Deposit (NRD) accounts to submit the NRD-CSR (R012) return via the CIMS Sankalan portal, replacing the earlier XBRL-based system. This change, issued under A.P. (DIR Series) Circular No. 24, applies to monthly reporting obligations.
The transition is part of a broader digital integration initiative aimed at consolidating foreign exchange reporting systems. The CIMS Sankalan platform offers real-time validation, error alerts, and centralised data management. Institutions must ensure staff training and system integration to avoid reporting lapses.
Legal advisors should note that failure to submit accurate returns may attract regulatory penalties under the Foreign Exchange Management Act, 1999. Updated reporting formats and API access details are available on the RBI portal.
Citations
- A.P. (DIR Series) Circular No. 24, 2026
- FEMA, 1999