RBI Circulars 2026, Download RBI Circulars 2026 PDFs

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Published on 16 February 2026 by

The Reserve Bank of India (RBI) issues regular circulars and notifications to guide banks, financial institutions, and other stakeholders on policies, schemes, and regulatory updates. Staying updated with these circulars is crucial for banking professionals, students preparing for exams, and businesses operating in India. In this blog, we cover the key RBI circulars of 2026, their implications, and how you can access them in PDF format.

What are the key updates in RBI circulars for 2026?

RBI has released several important circulars and notifications in 2026. These include updates on interest subvention schemes, export credit support, internal ombudsman directions, import-export regulations, PSL targets, and amendments in CRR & SLR requirements. These circulars aim to support farmers, MSMEs, exporters, banks, and state governments, while strengthening regulatory and compliance frameworks.

RBI Circular TopicKey Details
Modified Interest Subvention SchemeShort-term loans for agriculture & allied activities via KCC, up to ₹3 lakh per farmer. Crop loans get priority; allied activities capped at ₹2 lakh. Lending rate 7%, government subvention 1.5%, prompt repayment incentive 3% (max 1 year).
Interest Subvention for Export CreditMSME exporters get 2.75% interest subvention on pre- and post-shipment credit. Maximum cap ₹50 lakh per MSME. Eligible banks: Scheduled commercial banks (excluding RRBs), primary and state cooperative banks.
Approval to Foreign BanksRBI approved Sumitomo Mitsui Banking Corporation (SMBC) to set up a wholly owned subsidiary in India.
Liquidity Measures90-day variable repo rate auction under LAF conducted on 27 Jan 2026. RBI injected liquidity via auction-based mechanism.
Ways & Means Advances (WMA)Temporary cash flow support to state governments & UTs. Limit increased from ₹60,118 cr to ₹61,008 cr.
Payment Regulatory BoardFirst meeting held under RBI Governor. A statutory body to regulate India’s payment systems.
Internal Ombudsman Directions 2026Applicable to commercial banks with ≥10 branches. Ensures proper review of rejected or partially resolved complaints. Internal ombudsman must be senior officer with 7+ years experience, tenure 3–5 years. Deputy internal ombudsman experience 5+ years.
FEMA Export & Import Regulations 2026Export declaration form (EDF) mandatory. Export proceeds to be realized within 15 months (goods) or 15 months from invoice (services). No advance remittances for gold & silver imports. Merchanting trade transactions gap ≤6 months.
PSL Target & Classification AmendmentsCovered separately. Important for banks’ priority sector lending compliance.
CRR & SLR AmendmentsNo change in rates. Cash in hand removed for reporting. Recognizes deposits with all notified DFIs. Minor technical amendments to align with updated banking laws.

How does the modified interest subvention scheme benefit farmers?

The RBI circular for 2026 continues the Modified Interest Subvention Scheme (MISS) to make short-term agricultural credit affordable. Farmers and allied activity participants can borrow at a subsidized rate, while banks get compensated by the government.

  • Maximum loan limit: ₹3 lakh per farmer via KCC.
  • Allied activities sublimit: ₹2 lakh.
  • Lending rate: 7% per annum.
  • Government compensation to banks: 1.5% per annum.
  • Additional 3% per annum for timely repayment.
  • Storage of crops in warehouses up to 6 months post-harvest eligible for interest subvention.
  • Restructured loans after natural calamities enjoy subvention for 1 year (or up to 3–5 years in severe cases).

How does the export credit subvention help MSMEs?

The Interest Subvention on Export Credit scheme reduces borrowing costs for MSME exporters under the Export Promotion Mission (Niryat Protsahan).

  • Interest subvention: 2.75% on pre- and post-shipment loans.
  • Maximum loan: ₹50 lakh per MSME.
  • Eligible banks: Scheduled commercial banks (excluding RRBs), primary & state cooperative banks.
  • Must have valid Importer Exporter Code (IEC) and UDAM registration.
  • Helps reduce effective interest cost and supports international trade.

Know more about RBI Circulars 2025

RBI Latest Circulars

Below is the list of RBI Latest Circulars that has been released in 2025-26 till now, check it out.

RBI Circulars Release DateRBI Latest CircularsRBI Circulars PDFs
October 14, 2025
Reserve Bank of India (Trade Relief Measures) Directions, 2025		Download Now
October 9, 2025
Implementation of Section 51A of UAPA,1967		Download Now
August 25, 2025Implementation of Section 51A of UAPA, 1967Download Now
June 24, 2025Foreign Exchange Management Regulations, 2025Download Now
June 6, 2025Standing Liquidity Facility for Primary DealersDownload Now
June 1, 2025Withdrawal of ₹2000 Denomination BanknotesDownload Now
May 23, 2025Issuance of Partly Paid Units by Investment
Vehicles		Download Now
April 01, 2025Exposure Norms and Statutory / Other RestrictionsDownload Now
April 01, 2025Facility for Exchange of Notes and CoinsDownload Now
March 17, 2025Asian Clearing Union (ACU) MechanismDownload Now
February 07, 2025Standing Liquidity Facility for Primary DealersDownload Now
January 20, 2025Guidelines on Settlement of Dues of borrowers by ARCsDownload Now

What are the main points in RBI internal ombudsman direction 2026?

The Internal Ombudsman ensures proper review of rejected or partially resolved complaints before approaching the integrated RBI ombudsman.

Structure & Eligibility:

  • Applicable to commercial banks with ≥10 branches.
  • Internal ombudsman: Senior officer with 7+ years experience, equivalent to RBI GM or regulator.
  • Deputy internal ombudsman: 5+ years experience, equivalent to DGM.
  • Tenure: 3–5 years.
  • Cannot be ex-employee of the same bank or group.
  • Customers cannot directly approach internal ombudsman; complaints must go through the bank.

Responsibilities:

  • Review rejected or partially resolved complaints.
  • Conduct quarterly analysis to identify root causes.
  • Recommend compensation where applicable.
  • Excludes internal staff issues, pending court cases, and commercial decisions of the bank.

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What are the important updates in FEMA export-import regulations 2026?

RBI has updated rules under FEMA (Export & Import of Goods & Services), effective from 1st October 2026, to simplify compliance and encourage exports.

  • Export Declaration Form (EDF) mandatory.
  • Time limit to realize export proceeds: 15 months (goods) or from invoice (services).
  • Export value reduction allowed up to ₹10 lakh per invoice with bank declaration.
  • No advance remittances allowed for gold & silver imports.
  • Merchanting trade transactions: gap between outward & inward remittance ≤6 months.
  • All reporting done on EDPMS (export) and IDPMS (import) platforms.

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FAQs

Q1. How important are RBI Circulars 2026 for RBI Grade B exam preparation?

RBI Circulars 2025-26 are crucial for RBI Grade B exam preparation as they contain the latest regulatory guidelines, policies, and updates in the banking and financial sector, which are frequently asked in the exam’s current affairs and economic and social issues sections.

Q2. Where can I find all the RBI Circulars 2026?

You can find all the latest RBI Circulars 2026 on the official website of RBI under Notifications section.

Q3. I don’t understand RBI Circular after reading it, how do I prepare for exam from it?

We have got it covered for free. On our Oliveboard Regulatory Youtube Channel, our faculty Lakshmi Mam comes up with these sessions on a regular basis for free.

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