A.P. (DIR Series) Circular No. 19
August 7, 2013
All Banks Authorised to deal in Foreign Exchange
Madam / Sir,
Non-Resident Deposits – Comprehensive Single Return (NRD-CSR):
Submission under XBRL
Attention of banks maintaining Non-Resident Deposits (NRD) Accounts is invited to A.P. (DIR Series) Circular No.55 dated May 9, 2007 on NRD-CSR software package being used by the banks for submission of detailed monthly data on non-resident deposits to the Reserve Bank.
2. It has been decided to move 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 existing formats of NRD-CSR have also been rationalised for reporting bank-wise consolidated data under XBRL. This would replace the existing system where banks generate the NRD-CSR DAT file from RBI-provided software and submit NRD data through e-mail attachment to our Department of Statistics and Information Management (DSIM), Central Office (CO), on monthly basis.
3. The revised NRD-CSR format, maturity codes, record types and the validations checks are provided in the Annex. For monthly NRD-CSR submission on XBRL platform by nodal office of banks, the Reserve Bank has provided the following two alternatives:
Banks can download the RBI™s NRD-CSR template by logging to the RBI™s Online Reporting web-page (http://orfs.rbi.org.in) (Path: Homepage †’ XBRL-based filing †’ (enter user name / password) †’ Download Returns Package †’ Form NRD-CSR) and use the same to generate instance document (.xml file) after entering details. The instance document can be uploaded on RBI™s XBRL page. The Reserve Bank (DSIM, CO) will provide User name and Password to all banks for NRD-CSR for this purpose.
Banks can use any publically available XBRL tool in relation with their internal database and build NRD-CSR discipline prescribed by RBI, for generation of instance document (.xml file) and upload the same on RBI™s XBRL page.
In addition, banks can also generate instance document in the prescribed format from their internal system, if it provides such flexibility.
4. It has been decided to switch-over to the XBRL-based NRD-CSR reporting from October 2013. Accordingly, banks are required to capture the NRD-CSR data for XBRL submission from October 1, 2013 (Go-Live date). It has been also decided to retain the current prescription of NRD-CSR reporting on or before 10th of the month following the month to which the NRD data pertains. As such, banks may submit the XBRL-compliant NRD-CSR data for October 2013 on or before November 10, 2013. The current email-based reporting of NRD-CSR data would continue for reporting NRD data up to September 2013. The Reserve Bank would not provide any support towards the usage of legacy NRD-CSR software (v3.0) after the Go-Live date.
5. To facilitate testing of the bank™s NRD-CSR data in the XBRL-based NRD-CSR reporting, the Reserve Bank has enabled a test environment (https://126.96.36.199/orfsxbrl/customer/index.jsp) for use by reporting banks before Go-Live. Banks can also download the NRD-CSR Returns Package (login with user_name / password †’ Download Returns Package †’ Form NRD-CSR). From Help menu of this test-site, banks can also downloadthe Manual on XBRL-based Submission which indicates the processes for creation of bank-checker/bank-maker by banksuperuser with respective user_name and password, and provides other information required for the reporting system.
6. Reporting banks would be shortly receiving user_name and password along with bank_code for login to the test-site in their respective email-ids, through which they submit NRD-CSR data to RBI (DSIM,CO) under the existing system. In case of any change/difficulties, concerned banks may send a request to the email for assistance.
7. Further, the Reserve Bank would also provide training on NRD-CSR submission under XBRL to the officers/software personnel of the reporting banks before Go-Live. Separate communication is being sent to reporting banks for this purpose. For any assistance during testing or live periods, banks may contact XBRL helpdesk (˜Contact us™ menu in the homepage of the test-site before the Go-Live date and on the ORFS site subsequently).
8. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under any other law.
Chief General Manager