RBI Mandates MTSS R103 Filing On CIMS Portal

  • Blog|News|Company Law|
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 3 January, 2026

Latest from Taxmann

 

MTSS Business Return R103 Filing

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.

Click Here To Read The Full Notification

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Taxmann editorial team

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied

Leave a Reply

Your email address will not be published. Required fields are marked *

«
»

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied