IFSCA issues format for reporting structured deposits accepted by banking units.

The International Financial Service Centres Authority on 3rd February 2021 has directed the Banking Units to submit the report on structured deposits accepted by them in the format provided in this notification and a separate statement shall be submitted for structured deposit in each foreign currency.

The report shall be submitted on a monthly basis and by the 15th of the succeeding month to which it pertains in soft copy to ibu-reports@ifsca.gov.in. The report for the month of January 2021 may be submitted by the 15th of February, 2021. NIL report may be submitted in case no structured deposit (in any foreign currency) has been accepted by the BU during the month.

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