RBI press-release 2026-2027/1109 · 11 Sept 2026
Official title
RBI invites comments on the Draft “Reserve Bank of India (Know Your Customer) Amendment Directions, 2026”
Summary
Check the official recordThe Reserve Bank of India invites public comments on the draft Reserve Bank of India (Know Your Customer) Amendment Directions, 2026. This draft proposes a standard operating procedure for banks to place temporary debit holds on accounts linked to money-mule activity and cyber-enabled financial fraud. The proposal follows a Supreme Court order dated August 4, 2026. The draft applies to all commercial banks, including small finance banks, payments banks, regional rural banks, local area banks, and urban cooperative banks. Stakeholders must submit feedback by October 2, 2026. They may submit comments through the Connect 2 Regulate section on the Reserve Bank website or by email.
What you must do
Key dates
Who is affected
September 11, 2026
RBI invites comments on the Draft “Reserve Bank of India (Know Your Customer) Amendment Directions, 2026”
The Reserve Bank in its Know Your Customers (KYC) Directions, 2025 has issued instructions on ‘Operations of Bank Accounts and Money Mules’. The Hon'ble Supreme Court in its order dated August 4, 2026 has directed the Reserve Bank to adopt and circulate a Standard Operating Procedure (SOP) prescribing the action to be taken by banks for placing temporary debit holds on amounts or accounts linked to money-mule activity and cyber-enabled fraud.
For the purpose of public consultation / feedback, a consolidated draft Amendment Directions applicable to all Commercial Banks (including Small Finance Banks, Payments Banks, Regional Rural Banks and Local Area Banks) and Urban Cooperative Banks is being issued. Upon examination of the feedback received, final Directions will be issued separately for the above type of regulated entities.
The comments / feedback on the draft Amendment Directions may be submitted by the regulated entities and other stakeholders / members of public on or before October 2, 2026 through the following channels:
(Brij Raj)
Chief General Manager
Press Release: 2026-2027/1109
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi
संचार ͪ वभाग, केंद्रȣय कायार्लय, शहȣद भगत ͧ संह मागर्, फोटर्, मुंबई - 400 001
Website : www.rbi.org.in
Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in
Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
