DGFT Revises List of RBI-Authorized Banks for Gold and Silver Imports Under FTP 2023 [Read Notification]
DGFT has revised Appendix 4B of the Handbook of Procedures 2023, updating RBI‑authorized banks permitted to import gold and silver under the Foreign Trade Policy 2023.
![DGFT Revises List of RBI-Authorized Banks for Gold and Silver Imports Under FTP 2023 [Read Notification]](https://images.taxscan.in/h-upload/2026/04/18/2133611-dgft-revises-list-of-rbi-authorized-banksjpg.webp "DGFT Revises List of RBI-Authorized Banks for Gold and Silver Imports Under FTP 2023 [Read Notification]")
The Directorate General of Foreign Trade (DGFT), operating under the Ministry of Commerce and Industry, updates the list of banks authorized by the Reserve Bank of India (RBI) to import gold and silver under the Foreign Trade Policy (FTP), 2023. The updated authorization takes effect from April 1, 2026, and will remain valid until March 31, 2029. They have issued Public Notice...
The Directorate General of Foreign Trade (DGFT), operating under the Ministry of Commerce and Industry, updates the list of banks authorized by the Reserve Bank of India (RBI) to import gold and silver under the Foreign Trade Policy (FTP), 2023. The updated authorization takes effect from April 1, 2026, and will remain valid until March 31, 2029.
They have issued Public Notice No. 04/2026-27 to amend Appendix 4B of the Handbook of Procedures (HBP), 2023. The DGFT exercised its powers under paragraphs 1.03 and 2.04 of the FTP 2023 to make this procedural amendment.
Such updates are periodically issued to ensure that the list of authorized banks remains aligned with RBI approvals and current trade requirements, maintaining transparency and regulatory compliance in the import of precious metals.
Under Part A of the revised Appendix 4B, fifteen banks have been authorized to import both gold and silver. These include Axis Bank, Bank of India, Deutsche Bank, Federal Bank, HDFC Bank, ICICI Bank, IndusInd Bank, Indian Overseas Bank, Kotak Mahindra Bank, Karur Vysya Bank, Punjab National Bank, RBL Bank, State Bank of India, Yes Bank, and the Industrial and Commercial Bank of China Limited.
Part B of the notice lists banks permitted to import only gold, continuing the distinction between institutions authorized for dual and single-metal imports. The amendment is expected to benefit bullion dealers, jewelry manufacturers, and financial institutions engaged in the trade of precious metals. By maintaining a clear and updated list of authorized banks, the DGFT aims to simplify procedures, reduce delays, and strengthen oversight in India’s gold and silver import ecosystem.
The notification was signed by Lav Agarwal, Director General of Foreign Trade, formally approving the amendment to Appendix 4B of the Handbook of Procedures 2023.
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