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International Financial Services Centres Authority
F.No.110/IFSCA/Banking Regulation/2020-21/10
February 3, 2021
To,
All Banking Units
Dear Sir/Madam,
Reporting of data on structured deposits accepted by Banking Units.
Banking units (BUs) may refer to para 17 (Chapter VII) of the IFSCA (Deposits) Directions, 2020 (last updated on December 24, 2020).
2.BUs are directed to submit the report on structured deposits accepted by them in the format given in the Annex to this circular. Separate statements shall be submitted for structured deposit in each foreign currency.
The above report shall be submitted on a monthly basis and by the $15^{\text{th}}$ of the succceding month to which it pertains in soft copy to ibu-reports@ifsca.gov.in. The report for the month of January,2021 may be submitted by the $15^{\text{th}}$ of February,2021. NIL report may be submitted in case no structured deposit (in any foreign currency) has been accepted by the BU during the month.
BUs are directed to ensure compliance to the directions this circular.
Yours faithfully
(Supriyo Bhattacharjee)
General Manager
supriyo.b@ifsca.gov.in
Annex
Format for reporting structured deposits accepted by Banking Units
| Date of deposit | Term (months) | Amount (in FCY) | Reference asset, index or economic value1 | Interest rate |
|---|---|---|---|---|
| 2 |
1 Refer to para 3(a)(x) of the IFSCA (Deposits) Directions, 2020 (last updated on December 24, 2020)
2 Each row to contain the details of an individual structured deposit in FCY accepted during the month.
