The Reserve Bank of India has amended its directions for All India Financial Institutions to let them, at their discretion, provide relief to customers in areas where a calamity has been declared. The amendment allows AIFIs to waive or reduce various fees and charges for a period of up to one year. The change inserts a new Part B, "Measures in case of declaration of calamity", into Chapter IV on miscellaneous instructions. The notice states that the amendment follows the Reserve Bank of India’s All India Financial Institutions Resolution of Stressed Assets Amendment Directions, 2026, and it comes into force on July 1, 2026.
Reserve Bank of India 2026-04-29
Reserve Bank of India allows All India Financial Institutions to waive or reduce fees in calamity-hit areas for up to one year
The Reserve Bank of India has amended its directions for All India Financial Institutions to permit them, at their discretion, to waive or reduce various customer fees and charges for up to one year in areas where a calamity has been declared. The change inserts a new Part B, “Measures in case of declaration of calamity”, into Chapter IV on miscellaneous instructions and follows the Reserve Bank of India’s All India Financial Institutions Resolution of Stressed Assets Amendment Directions, 2026.