DGFT updates RBI-Authorised Banks for Gold and Silver Imports in HBP: Check Authorised Banks Here [Read Notification]

11 banks are authorised to import both silver and gold w.e.f. 1st April 2024 to 31st March 2025, however 3 banks are authorised to import gold only.
DGFT - RBI-Authorised Banks - RBI - Gold and Silver - HBP - taxscan

The Directorate General of Foreign Trade ( DGFT ), vide public notice no. 54/2023 dated 28th March 2024 has amended the Handbook Procedures 2023 with respect to the import of gold and silver through RBI- authorised banks.

A. LIST OF BANKS AUTHORISED BY RESERVE BANK OF INDIA TO IMPORT BOTH GOLD AND SILVER FOR FY 2024-25 WITH EFFECT FROM 01.04.2024 AND VALID UPTO 31.03.2025.

S. No.Bank Name
1Axis Bank Limited
2Federal Bank Limited
3HDFC Bank Limited
4Industrial and Commercial Bank of China Limited
5ICICI Bank Limited
6Indusind Bank Limited
7Kotak Mahindra Bank Limited
8Karur Vyavasaya Bank Limited
9RBL Bank Limited
10State Bank of India
11Yes Bank Limited

B. LIST OF BANKS AUTHORISED BY RESERVE BANK OF INDIA TO IMPORT ONLY GOLD FOR FY 2024-25 WITH EFFECT FROM 01.04.2024 AND VALID UPTO 31.032025.

S. No.Bank Name
1Indian Overseas Bank
2Punjab National Bank
3Union Bank of India
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