RBI Mandates MTSS R103 Filing On CIMS Portal

RBI/2025-26/170 CO.DPSS.ODD.No.S1072/06-08-024/2025-2026, Dated: 01.01.2026

1. Introduction

The Reserve Bank of India (RBI) has directed Money Transfer Service Scheme (MTSS) Overseas Principals to file the MTSS Business Return (Return Code: R103) through the Centralised Information Management System (CIMS). The directive has been issued vide RBI/2025-26/170 dated 1 January 2026.

2. Mandatory Filing Through CIMS

Under the new requirement, MTSS Overseas Principals must submit the monthly MTSS Business Return exclusively through the CIMS portal. This move is aimed at strengthening regulatory oversight, improving data accuracy, and ensuring uniform reporting across all entities operating under the MTSS framework.

3. Applicability And Reporting Period

The mandate is applicable from the reporting period of December 2025 onwards. Accordingly, all MTSS Overseas Principals are required to align their internal reporting processes to ensure timely submission of the return in the prescribed format and through the designated system.

4. Timeline And Consequences Of Non-Compliance

The MTSS Business Return (R103) must be filed on or before the 7th day of the succeeding month. Failure to submit the return within the stipulated timeline may attract regulatory action or penalties under the applicable provisions of RBI regulations.

5. Conclusion

The RBI directive underscores the importance of timely and accurate reporting by MTSS Overseas Principals. Entities should ensure readiness for CIMS-based filings to remain compliant and avoid penal consequences for non-submission or delayed filing of the MTSS Business Return.

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