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September 2013

A. P. (DIR Series) Circular No. 19 dated 7th August, 2013

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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Non-Resident Deposits–Comprehensive Single Return (NRD-CSR): Submission under XBRL

This circular states that RBI is shifting, from 1st October, 2013, the NRD-CSR reporting to eXtensible Business Reporting Language (XBRL) platform to provide validations for processing requirement in respect of existing NRD schemes, improve data quality, enhance the security-level in data submission, and enable banks to use various features of XBRL-based data submission, and tracking. The procedure and new formats are given in/annexed to this circular.

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