{
  "id": 6773983,
  "title": "RBI invites comments on the Draft “Reserve Bank of India (Know Your Customer) Amendment Directions, 2026”",
  "url": "https://urgent.news/2026/09/11/rbi-invites-comments-on-the-draft-reserve-bank-of-india-know-your",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T16:28:38.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63587"
  },
  "original_language": "en",
  "account": "On August 4, 2026, the Honorable Supreme Court mandated the Reserve Bank of India (RBI) to create a Standard Operating Procedure (SOP) for banks to address temporary debit holds on accounts associated with money-mule activities and cyber-enabled fraud. In response, the RBI has released a draft amendment to its 2025 Know Your Customers (KYC) Directions, seeking public comment before finalizing the guidelines.\n\nThe draft, titled \"Reserve Bank of India (Know Your Customer) Amendment Directions, 2026,\" applies to all types of banks, including Commercial Banks, Small Finance Banks, Payments Banks, Regional Rural Banks, and Local Area Banks. A consolidated version of the amendment is being circulated for public consultation until October 2, 2026. Stakeholders and members of the public can submit their feedback through the RBI's \"Connect 2 Regulate\" section on the website or via email with the subject line \"Feedback on Draft Reserve Bank of India (Know Your Customer) Amendment Directions, 2026.\"\n\nThe RBI aims to provide banks with clear guidance on how to implement the temporary debit hold measures outlined in the SOP, as directed by the Supreme Court. The final set of Directions will be issued separately for each type of regulated entity after the feedback period concludes.",
  "summary": "The Reserve Bank in its Know Your Customers (KYC) Directions, 2025 has issued instructions on 'Operations of Bank Accounts and Money Mules'. The Hon'ble Supreme Court in its order dated August 4, 2026 has directed the Reserve Bank to adopt and circulate a Standard Operating Procedure (SOP) prescribing the action to be taken by banks for placing temporary debit holds on amounts or accounts linked…",
  "key_points": [
    "RBI issues draft amendment to 2025 KYC Directions on August 4, 2026",
    "Public consultation open until October 2, 2026 for feedback"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Reserve Bank of India",
        "title": "RBI invites comments on the Draft “Reserve Bank of India (Know Your Customer) Amendment Directions, 2026”",
        "url": "https://urgent.news/2026/09/11/rbi-invites-comments-on-the-draft-reserve-bank-of-india-know-your-6797188",
        "published": "2026-09-11T21:04:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}