Reserve Bank Of India
A.P. (DIR Series) Circular No. 19
August 7, 2013
To,
All Banks Authorised to deal in Foreign Exchange
Madam / Sir,
Non-Resident Deposits - Comprehensive Single Return (NRD-CSR):
Submission under XBRL
Attention of banks maintaining Non-Resident Deposits (NRD) Accounts is invited
to
A.P. (DIR Series) Circular No.55 dated May 9, 2007 on NRD-CSR software
package being used by the banks for submission of detailed monthly data on
non-resident deposits to the Reserve Bank.
- It has been decided to move the NRD-CSR reporting to eXtensible Business
Reporting Language (XBRL) platform to provide validations for processing
requirement in respect of existing NRD schemes, improve data quality, enhance
the security-level in data submission, and enable banks to use various features
of XBRL-based data submission, and tracking. The existing formats of NRD-CSR
have also been rationalised for reporting bank-wise consolidated data under
XBRL. This would replace the existing system where banks generate the NRD-CSR
DAT file from RBI-provided software and submit NRD data through e-mail
attachment to our Department of Statistics and Information Management (DSIM),
Central Office (CO), on monthly basis.
- The revised NRD-CSR format, maturity codes, record types and the validations
checks are provided in the Annex. For monthly NRD-CSR submission on XBRL
platform by nodal office of banks, the Reserve Bank has provided the following
two alternatives:
Banks can download the RBI’s NRD-CSR template by logging to the RBI’s
Online Reporting web-page (http://orfs.rbi.org.in) (Path: Homepage → XBRL-based
filing → (enter user name / password) → Download Returns Package → Form NRD-CSR)
and use the same to generate instance document (.xml file) after entering
details. The instance document can be uploaded on RBI’s XBRL page. The Reserve
Bank (DSIM, CO) will provide User name and Password to all banks for NRD-CSR for
this purpose.
Banks can use any publically available XBRL tool in relation with their internal
database and build NRD-CSR discipline prescribed by RBI, for generation of
instance document (.xml file) and upload the same on RBI’s XBRL page.
In addition, banks can also generate instance document in the prescribed format
from their internal system, if it provides such flexibility.
- It has been decided to switch-over to the XBRL-based NRD-CSR reporting from
October 2013. Accordingly, banks are required to capture the NRD-CSR data for
XBRL submission from October 1, 2013 (“Go-Live” date). It has been also decided
to retain the current prescription of NRD-CSR reporting on or before 10th of the
month following the month to which the NRD data pertains. As such, banks may
submit the XBRL-compliant NRD-CSR data for October 2013 on or before November
10, 2013. The current email-based reporting of NRD-CSR data would continue for
reporting NRD data up to September 2013. The Reserve Bank would not provide any
support towards the usage of legacy NRD-CSR software (v3.0) after the “Go-Live”
date.
- To facilitate testing of the bank’s NRD-CSR data in the XBRL-based NRD-CSR
reporting, the Reserve Bank has enabled a test environment
(https://125.18.33.234/orfsxbrl/customer/index.jsp) for use by reporting banks
before “Go-Live”. Banks can also download the NRD-CSR Returns Package (login
with user_name / password → Download Returns Package → Form NRD-CSR). From
“Help” menu of this test-site, banks can also download the Manual on XBRL-based
Submission which indicates the processes for creation of bank-checker/bank-maker
by bank–super user with respective user_name and password, and provides other
information required for the reporting system.
- Reporting banks would be shortly receiving user_name and password along with
bank_code for login to the test-site in their respective email-ids, through
which they submit NRD-CSR data to RBI (DSIM,CO) under the existing system. In
case of any change/difficulties, concerned banks may send a request to the email
for assistance.
- Further, the Reserve Bank would also provide training on “NRD-CSR submission
under XBRL” to the officers/software personnel of the reporting banks before
“Go-Live”. Separate communication is being sent to reporting banks for this
purpose. For any assistance during testing or live periods, banks may contact
XBRL helpdesk (‘Contact us’ menu in the homepage of the test-site before the
“Go-Live” date and on the ORFS site subsequently).
- 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,
(C.D. Srinivasan)
Chief General Manager
RBI/2013-14/173