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Banks and financial institutions must now report cash transactions of Rs. 30 million or above to the Financial Monitoring Unit, up from the previous Rs. 20 million limit, with immediate effect.
✦ AI SUMMARY 30-second read
- The Ministry of Finance has revised the Currency Transaction Report threshold from Rs. 20 million to Rs. 30 million.
- The change takes effect immediately following a notification issued by the Ministry of Finance.
- The revision was approved by the National Executive Committee on Anti-Money Laundering and Countering the Financing of Terrorism.
Why it matters: The revised threshold changes the reporting obligations of banks and other financial institutions under the anti-money laundering framework.
This summary was generated by AI. Editors may review and update it.
Document details
| Document type | Rules & Regulation |
|---|---|
| Issued by | Ministry of Finance / DFS |
| Region | India |
| Published | 13 November 2026 |
The Ministry of Finance has issued a notification revising the cash transaction reporting threshold for banks and other financial institutions from Rs. 20 million to Rs. 30 million. The change takes effect immediately.
Under the revised rules, banks and other reporting entities are required to file Currency Transaction Reports with the Financial Monitoring Unit for any cash transaction at or above Rs. 30 million. The previous threshold stood at Rs. 20 million.
What the notification says
The notification states that the revised threshold is part of the government's framework for reviewing and analysing suspicious transaction reports and currency transaction reports. The new limit replaces the earlier Rs. 20 million threshold outright.
The change was approved by the National Executive Committee on Anti-Money Laundering and Countering the Financing of Terrorism before the notification was issued.
Who is affected
Banks and all other reporting entities covered under the Anti-Money Laundering Act are subject to the revised threshold. They must now align their internal reporting processes to the new Rs. 30 million limit for cash transactions.
