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The Directorate General of Foreign Trade amends Appendix 4B of the Handbook of Procedures, 2023. The update lists the banks authorized by the Reserve Bank of India to import gold and silver or only gold for the financial year 2024 to 2025. The new list applies from 01.04.2024 until 31.03.2025. Eleven banks receive authorization to import both gold and silver. Three banks receive authorization to import only gold.
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(To Be Published in the Gazette of India Extraordinary Part-I Section-I)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Vanijya Bhawan, New Delhi
Public Notice No. 54 / 2023
Dated 28th March 2024
Subject: Amendment in Appendix 4B of Handbook of Procedures, 2023-reg.
In exercise of the powers conferred under paragraph 1.03 & 2.04 of the Foreign Trade Policy (FTP), 2023, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendments in Part A and B under Appendix 4B of Handbook of Procedure, 2023:
A. LIST OF BANKS AUTHORISED BY RESERVE BANK OF INDIA TO IMPORT BOTH GOLD AND SILVER FOR FY 2024-25 WITH EFFECT FROM 01.04.2024 AND VALID UPTO 31.03.2025.
| Sr. No. | Name of bank |
|---|---|
| 1 | Axis Bank Limited |
| 2 | Federal Bank Limited |
| 3 | HDFC Bank Limited |
| 4 | Industrial and Commercial Bank of China Limited |
| 5 | ICICI Bank Limited |
| 6 | IndusInd Bank Limited |
| 7 | Kotak Mahindra Bank Limited |
| 8 | Karur Vysya Bank Limited |
| 9 | RBL Bank Limited |
| 10 | State Bank of India |
| 11 | Yes Bank Limited |
B. LIST OF BANKS AUTHORISED BY RESERVE BANK OF INDIA TO IMPORT ONLY GOLD FOR FY 2024-25 WITH EFFECT FROM 01.04.2024 AND VALID UPTO 31.03.2025.
| Sr. No. | Name of bank |
|---|---|
| 1 | Indian Overseas Bank |
| 2 | Punjab National Bank |
| 3 | Union Bank of India |
Effect of this Public Notice:
List of banks authorized to import gold/silver under Appendix 4B of Handbook of Procedures, 2023 has been updated.
[Image omitted. See the official document.]
(Santosh Kumar Sarangi)
Director General of Foreign Trade
Ex-officio Additional Secretary to Government of India
E-mail: dgft@nic.in
(Issued from File No. 01/94/180/261/AM18/PC-4)
