Financial changes

Reserve Bank of India · Effective at source check

SGB 2020–21 Series I: ₹14,159 premature-redemption price for 28 October

RBI sets ₹14,159 per unit for the scheduled premature redemption of SGB 2020–21 Series I on 28 October. The price uses the simple average of the 999-purity gold closing prices for 23, 26 and 27 October. It is not a new subscription offer, bank deposit rate, live gold quote or proof that an individual request was accepted or paid.

Official tranche-specific premature-redemption price · scheduled for 28 October; individual processing not verified

Published: 2026-10-27 · Effective: 2026-10-28 · Window end: 2026-10-28 · Checked: 2026-10-28

Official RBI press-release index and release metadata checked on 28 October; the direct official page was intermittently unavailable to the approved reader. Publication, pricing observations, scheduled redemption and individual settlement remain distinct.

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Central Board of Direct Taxes · Effective at source check

CBDT notifies Form 173A for specified government-security exemptions

Notification 137/2026 inserts rule 281A and Form 173A for information supporting exemptions under Schedule IV entries 13D and 13E of the Income-tax Act, 2025. The form is a reporting mechanism for specified eligible claimants, not a blanket government-security exemption for every NRI or individual investor. The portal’s individual NRI income-tax calculator does not model this institutional exemption.

Final rules · effective on Gazette publication · specified Schedule IV claimants only

Published: 2026-10-19 · Effective: 2026-10-19 · Checked: 2026-10-28

Official CBDT notification index identifies Notification 137/2026, G.S.R. 901(E), dated and uploaded 19 October. The Income Tax portal’s 27 October ‘proposed’ label conflicts with that final Gazette-linked listing; the final instrument was retained and no broader eligibility was inferred.

Securities and Exchange Board of India · Effective at source check

Debenture-trustee separate-business-unit deadline moves to 27 April 2027

SEBI grants registered debenture trustees an additional six months, to 27 April 2027, to comply with separate-business-unit requirements for activities outside SEBI’s purview. The other provisions of the 25 November 2025 circular remain unchanged. The extension concerns intermediary organisation; it does not change a debt security’s coupon, maturity or investor payment entitlement.

Final circular · compliance due 27 April 2027 · replaces former 27 October 2026 deadline

Published: 2026-10-27 · Effective: 2026-10-27 · Window end: 2027-04-27 · Checked: 2026-10-28

Official 27 October circular page and PDF viewer checked on 28 October. The extension replaces the former 27 October 2026 deadline; no security-level term or personal remedy was inferred.

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Reserve Bank of India · Effective at source check

RBI delegates specified FEMA compounding applications to regional offices

A.P. (DIR Series) Circular 28 delegates compounding powers for specified overseas-investment, borrowing, lending and guarantee contraventions to named RBI regional offices. Overseas-investment cases use the UIN prefix; other covered cases follow the applicant’s registered-office or domicile jurisdiction. Mixed-category cases may remain with the Central Office. This is a routing change, not an amnesty, an expansion of permitted transactions or a personal remittance allowance.

Final A.P. (DIR Series) circular · issued without a separate later commencement date

Published: 2026-10-23 · Effective: 2026-10-23 · Checked: 2026-10-28

Official 23 October circular and current RBI notification index rechecked on 28 October. Publication, issuance and actual application handling remain distinct; no individual contravention, liability or eligibility was assessed.

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Securities and Exchange Board of India · Upcoming

Institutional-client call-record exemption starts 8 November

From 8 November, research analysts and research entities need not maintain call recordings for interactions with institutional-investor clients. Other legally verifiable interaction records remain, records must generally be retained for at least five years, and disputed records continue until resolution. The exemption is not yet effective and does not remove retail-client recordkeeping.

Final circular · future effective date · institutional clients only

Published: 2026-10-23 · Effective: 2026-11-08 · Checked: 2026-10-27

Official 23 October circular and current SEBI circular index rechecked on 27 October. The effective date is 8 November; no retail exemption, investment recommendation or calculator input inferred.

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Reserve Bank of India · Effective at source check

Suri Friends’ Union Co-operative Bank directions extend to 22 January 2027

RBI extends the bank’s existing directions for three months from close of business on 22 October through close of business on 22 January 2027. Other terms remain unchanged, and RBI says the extension is not an assurance about the bank’s financial position. This does not establish a new withdrawal allowance, a changed customer deposit rate or a system-wide NRE, NRO or FCNR(B) rule.

Final bank-specific extension · through close of business 22 January 2027, subject to review; other terms unchanged

Published: 2026-10-22 · Effective: 2026-10-22 · Window end: 2027-01-22 · Checked: 2026-10-27

Official 22 October RBI release and current press-release index rechecked on 27 October. Existing restrictions were not reconstructed from the extension, and no individual balance, withdrawal availability or deposit safety was determined.

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Reserve Bank of India · Background

SGB 2018–19 Series II reaches final redemption at ₹14,425 per unit

RBI sets ₹14,425 per unit for final redemption of SGB 2018–19 Series II on 23 October, eight years after issue. The stated price is based on the simple average of the 999-purity gold closing prices for 19, 21 and 22 October. This is not a new subscription offer or a live gold quote. Individual holdings, residency eligibility, tax treatment and payment completion must be checked separately.

Official tranche-specific final redemption price · due 23 October; individual processing not verified

Published: 2026-10-22 · Effective: 2026-10-23 · Window end: 2026-10-23 · Checked: 2026-10-23

Official 22 October RBI release read on 23 October. Publication, issue, pricing-observation and final-redemption dates remain distinct; no personal entitlement or completed payment inferred.

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Securities and Exchange Board of India · Check commencement

SEBI cautions investors about invitation-only WhatsApp stock-tip groups

SEBI’s PR 65/2026 cautions investors about stock tips offered through invitation-only WhatsApp groups. Treat a private-group tip as unverified: do not send money, credentials or trading access on that basis, and verify the intermediary and communication through SEBI’s official channels and a registered broker. The alert does not establish that every WhatsApp message is fraudulent or alter a calculator formula.

Official investor caution · current warning, not a new rule

Published: 2026-10-22 · Effective: Caution published 2026-10-22; no legal commencement · Checked: 2026-10-27

Official 22 October listing and public alert page rechecked on 27 October. The public HTML confirms the title, date and press-release number; no examples or broader legal conclusions were reconstructed.

Securities and Exchange Board of India · Check commencement

SEBI changes margin treatment after accepted early pay-in in the cash segment

Where a client has a net sell obligation and the clearing corporation has accepted early pay-in of the sold securities, the circular directs the clearing corporation not to collect margin on the client’s subsequent buy or sell positions up to the accepted early-pay-in value. This does not create spendable cash, guarantee order execution or establish NRI eligibility. Confirm operational timing with the registered broker.

Final circular · operational instruction; confirm broker and clearing implementation

Published: 2026-10-22 · Effective: Issued 2026-10-22; no separate later commencement verified · Checked: 2026-10-23

Official circular listing and indexed official PDF text read on 23 October. The public HTML did not state a distinct later commencement date, so none is invented; exchange and broker implementation was not tested.

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Reserve Bank of India · Effective at source check

Puducherry co-op bank withdrawals are capped at ₹5,000 under new RBI directions

The RBI directive is dated 19 October and applies from close of business on 21 October. It restricts fresh deposits and specified other actions without approval, and caps withdrawals across a depositor’s accounts at ₹5,000 subject to the stated loan set-off conditions. Eligible depositors may receive up to ₹5 lakh from DICGC after willingness and verification. The bank’s licence is not cancelled. These limits are bank-specific, not a general NRE, NRO or FCNR(B) rule.

Final bank-specific directions · from close of business 21 October for six months, subject to review

Published: 2026-10-21 · Effective: 2026-10-21 · Checked: 2026-10-22

Official 21 October release read on 22 October. Directive date, effective date and publication date are distinct. Individual balances, claim eligibility and payment timing were not determined.

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Reserve Bank of India · Effective at source check

Konark Bank’s existing directions are extended to 23 January 2027

RBI’s 19 October release extends the bank’s existing directions for three months from close of business on 23 October to close of business on 23 January 2027, subject to review. Other terms remain unchanged. RBI says the extension is not assurance about the bank’s financial position. Affected customers should check the operative directions and bank instructions before planning withdrawals or transfers. This extension alone does not establish a new withdrawal allowance, changed deposit terms or a deposit guarantee.

Final extension · from close of business 23 October to close of business 23 January 2027, subject to review; other terms unchanged

Published: 2026-10-19 · Effective: 2026-10-23 · Checked: 2026-10-23

Official 19 October release rechecked on 23 October through RBI’s current press-release index after direct-page retrieval failed. The extension starts after close of business today. Existing restrictions were not reconstructed from this extension; no individual withdrawal availability or deposit safety determined.

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Reserve Bank of India · Effective at source check

RBI deletes a specified bank-side derivatives-limit section

Two 19 October amendments delete section C, paragraph 37, on limits for non-option derivative contracts from the respective miscellaneous directions for commercial and small finance banks. Both take effect on issuance. This narrow deletion does not establish unlimited customer hedging, an NRI remittance allowance or a retail deposit rate. Ask the authorised dealer which current customer-hedging rules apply. Do not interpret deletion of this bank-side section as removal of every FEMA, product or customer restriction.

Final directions · immediate upon issuance

Published: 2026-10-19 · Effective: 2026-10-19 · Checked: 2026-10-21

Both official amendments re-read on 21 October: commercial banks, notification 13740, and small finance banks, https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13741&Mode=0. Only section C/paragraph 37 deletion verified; other customer restrictions not deemed repealed.