The Reserve Bank of India (RBI) has announced the inclusion of NSDL Payments Bank Limited in the Second Schedule of the Reserve Bank of India Act, 1934. This inclusion grants NSDL Payments Bank the status of a scheduled bank, signifying that it meets the RBI’s criteria for financial soundness and operational robustness. The notification, DoR.LIC.No.S2196/16.13.215/2025-26, was issued on June 19, 2025, and subsequently published in the Gazette of India on July 10, 2025. This development allows NSDL Payments Bank to access facilities from the RBI, including borrowing from the marginal standing facility and participating in liquidity adjustment facilities, thereby enhancing its operational capabilities within the Indian financial system.
Reserve Bank of India
RBI/2025-26/67
DoR.RET.REC.40/12.07.160/2025-26
July 17, 2025
All Banks,
Madam / Sir,
Inclusion of “NSDL Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
It is advised that “NSDL Payments Bank Limited” has been included in the Second Schedule of the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S2196/16.13.215/2025-26 dated June 19, 2025 and published in the Gazette of India (Part III – Section 4) dated July 10, 2025.
Yours faithfully,
(Manoranjan Padhy)
Chief General Manager
