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

1. 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 :
   1. 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;
      
   2. 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
      
   3. 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 users 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

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

Note : NRNR and NRSR Accounts have been discontinued.

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: