RBI Changes Cut-Off Date for Fortnightly Reporting by Scheduled Banks
The Reserve Bank of India has changed the cut-off date for fortnightly reporting by scheduled banks. The reporting frequency remains the same but the cut-off date has been changed.
The change has been made through the Reserve Bank of India Scheduled Banks’ (Amendment) Regulations, 2025.
Banks that already submit returns every fortnight will now report their financial position as on the last day of the fortnight. Earlier, banks reported figures as on a Friday.
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This change aligns the reporting date with the actual end of the reporting period.
If the last day of the fortnight falls on a public holiday, banks can submit figures for the previous working day. However, the return will still be treated as relating to the last day of the fortnight.
The amended regulations came into effect on December 15, 2025.
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