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of <h1>Banks Must Update RBI on Forex Branches Annually by Jan 15 Under FEMA 1999; Ensure Data Accuracy.</h1> All Category-I Authorised Dealer banks must submit an updated list of branches authorized for foreign exchange transactions to the Reserve Bank of India (RBI) by January 15 each year. Changes in branch categorization must be reported to the RBI's Central Office. Information should be formatted using specified RBI software and submitted electronically. A directory of these branches is available on the RBI website, and banks must ensure its accuracy. An annual certificate confirming data accuracy is required by January 15. These instructions are issued under the Foreign Exchange Management Act 1999 and do not override other legal requirements.
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