Updated Bank List for Gold & Silver Import

Updated Bank List for Gold & Silver Import
Amendment to Appendix 4B of Handbook of Procedures, 2023 – Public Notice No.04 / 2026-27

In accordance with the powers granted under paragraphs 1.03 and 2.04 of the Foreign Trade Policy (FTP), 2023 (as updated from time to time), the Director General of Foreign Trade (DGFT) has revised Parts A and B of Appendix 4B in the Handbook of Procedures, 2023.

A. Banks Permitted to Import Both Gold and Silver

(Effective from 01 April 2026 to 31 March 2029)

The following banks, as authorised by the Reserve Bank of India (RBI), are permitted to import both gold and silver:

• Axis Bank Limited
• Bank of India
• Deutsche Bank
• Federal Bank Limited
• HDFC Bank Limited
• Industrial and Commercial Bank of China Limited
• ICICI Bank Limited
• IndusInd Bank Limited
• Indian Overseas Bank
• Kotak Mahindra Bank Limited
• Karur Vysya Bank Limited
• Punjab National Bank
• RBL Bank Limited
• State Bank of India
• Yes Bank Limited

B. Banks Permitted to Import Only Gold
(Effective from 01 April 2026 to 31 March 2029)

The following banks are authorised by RBI to import gold only:

• Union Bank of India
• SBER Bank

Impact of the Amendment

The list of banks eligible to import gold and/or silver under Appendix 4B of the Handbook of Procedures, 2023 has been revised and updated.

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