RBI sets agency-bank commission and oversight directions
→Agency banks must update government-business claims and reporting controls now
Change
India's RBI issued agency-bank directions covering government-business commission rates, transaction reporting, audit controls and oversight, effective immediately.
Why it matters
Agency banks must follow revised eligibility, reporting and commission-claim rules for Central and State government business. Wrong settled agency-commission claims now attract penal interest at Bank Rate plus 2%. GST, ICEGATE and TIN 2.0 luggage files must upload to e-Kuber by 1800 hours on applicable days.
Implications
- → Agency-bank government-business teams must submit agency-commission claims within 60 calendar days from quarter-end.
- → Agency-bank reporting teams must upload GST, ICEGATE and TIN 2.0 luggage files by 1800 hours in RBI systems.
- → Agency-bank audit teams must verify commission-claim accuracy because wrong settled claims attract Bank Rate plus 2% penal interest.
Full decision brief
Unlock the decision layer.
Get the implications, affected teams, what to watch, and Clarify with AI — so the change becomes easier to act on.
Implications — what this change may force you to review
Who is affected — which people, workflows, or obligations are touched
What to watch — dates, deadlines, and triggers that matter next
Real-time alerts — delivered when a decision-forcing change is published
Clarify with AI — ask what this change means for you
Source
View on RBI