Government permits 15 banks to import gold and silver [Read Notification]

Government permits 15 banks to import gold and silver [Read Notification]

The Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, Department of Commerce, Government of India, has issued a Public Notice dated April 17, 2025, notifying changes in Appendix 4B of the Handbook of Procedures, 2023.

The DGFT has introduced some significant amendments in Part A and B under Appendix 4B of the Handbook of Procedure, 2023, in pursuance of its powers granted under paragraphs 1.03 and 2.04 of the Foreign Trade Policy (FTP) 2023. Below is the detailed list of the introduced changes:

The following is the list of banks authorised by the Reserve Bank of India (RBI) to import both gold and silver with effect from FY 2025-26 to 2028-29 (from April 01, 2025, and valid upto March 31, 2029):

Sr No.	Name of Bank
1	Axis Bank Limited
2	Bank of India
3	Deutsche Bank
4	Federal Bank Limited
5	HDFC Bank Limited
6	Industrial and Commercial Bank of China Limited
7	ICICI Bank Limited
8	IndusInd Bank Limited
9	Indian Overseas Bank
10	Kotak Mahindra Bank Limited
11	Karur Vysya Bank Limited
12	Punjab National Bank
13	RBL Bank Limited
14	State Bank of India
15	Yes Bank Limited

The following is the list of banks authorised by the Reserve Bank of India (RBI) to import only gold with effect from FY 2026-27 to 2029-30 (April 01, 2026, and valid upto March 31, 2029):

Sr No.	Name of Bank
1	Union Bank of India
2	SBER Bank

Refer to the public notice for complete information.