What changed
RBI has revised the definition of 'Fortnight' and modified reporting requirements for Local Area Banks (LABs). The new definition of 'Fortnight' is from the first day to the fifteenth day of each calendar month or sixteenth day to the last day of each calendar month. LABs must submit single Form A return fortnightly from December 15, 2025 and monthly Form VIII return from December 2025.
What it means for you
The changes will affect LABs' cash reserve ratio and statutory liquidity ratio maintenance and reporting. LABs must adapt to the new reporting structure and submit returns electronically using digital signatures.
What you must do
- Submit single Form A return fortnightly from December 15, 2025
- Submit monthly Form VIII return from December 2025
- Ensure electronic submission of returns using digital signatures
- Comply with IT laws while submitting returns
Who it affects
Local Area Banks (LABs), Reserve Bank of India (RBI)
What are the new reporting requirements for LABs?
LABs must submit single Form A return fortnightly from December 15, 2025 and monthly Form VIII return from December 2025.