RBI Shifts Reporting of BO/LO/PO Statements and NRO Remittances to CIMS Portal — Effective June 30, 2026
The Reserve Bank of India has issued a significant update to the reporting framework applicable to Authorised Dealer Category-I banks under the Foreign Exchange Management Act (FEMA), 1999. Through A.P. (DIR Series) Circular No. 12 dated June 5, 2026, the RBI has directed that two specific monthly statements — one pertaining to Branch Offices, Liaison Offices, and Project Offices, and another relating to remittances from Non-Resident Ordinary accounts — must henceforth be submitted exclusively through the Centralized Information Management System (CIMS) portal. This transition takes effect from June 30, 2026.
Background and Regulatory Context
Earlier Reporting Framework for BO/LO/PO Statements
Prior to this circular, the reporting obligation for offices established or wound up by AD Category-I banks was governed by A.P. (DIR Series) Circular No. 69 dated May 12, 2016. Under that framework, all Authorised Dealer Category-I banks were required to prepare and submit a consolidated monthly list covering all Branch Offices (BOs), Liaison Offices (LOs), and Project Offices (POs) that were either opened or closed during a given month.
This statement was to be submitted by the fifth day of the succeeding month and was directed to the:
General Manager, Reserve Bank of India, Foreign Exchange Department, Central Office Cell, Sansad Marg, New Delhi
Earlier Reporting Framework for NRO Account Remittances
Separately, the reporting requirement for remittances from Non-Resident (Ordinary) Rupee (NRO) Accounts was established through A.P. (DIR Series) Circular No. 67 dated May 05, 2016. Under this directive, AD Category-I banks were mandated to furnish, on a monthly basis, a statement capturing:
- The number of applicants who made remittances from NRO accounts
- The total amount remitted from such accounts
This statement was submitted in a prescribed format to the:
General Manager-in-Charge, Foreign Exchange Department, Reserve Bank of India, Foreign Investments Division (NRFAD), Central Office Cell, Parliament Street, New Delhi
Both of these reporting obligations have now been consolidated and migrated to the CIMS digital infrastructure.
Key Changes Introduced by A.P. (DIR Series) Circular No. 12 of 2026
Migration to the CIMS Portal
The central change brought about by this circular is the shift from physical/offline submission to digital filing via the Centralized Information Management System (CIMS) portal. The CIMS portal is accessible at: