The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, has issued Public Notice No. 02/2026-27 dated April 17, 2026, amending Appendix 4B of the Handbook of Procedures (HBP), 2023.
The amendment updates the list of banks authorised by the Reserve Bank of India (RBI) for import of gold and silver, in accordance with the provisions of the Foreign Trade Policy (FTP), 2023.
Revised List of Authorised Banks (Gold & Silver Import)
The following banks have been authorised by RBI to import both gold and silver, with effect from 01 April 2026 to 31 March 2029:
- 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
Banks Authorised for Gold Import Only
The following banks have been authorised to import gold only (not silver) during the same validity period:
- Union Bank of India
- SBEC Bank
Validity of Authorisation
- The revised authorisation is effective from 01 April 2026
- It will remain valid up to 31 March 2029
Objective of the Update
The revision ensures:
- Alignment with RBI authorisations for precious metal imports
- Streamlining of gold and silver import channels through designated banks
- Better monitoring and regulation of precious metals trade
Effect of the Public Notice
With this amendment, the list of authorised banks under Appendix 4B of HBP, 2023 stands updated, thereby facilitating regulated import of gold and silver through approved banking channels.
The Public Notice can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2026/04/Public-Notice-No-04_Dt.-17.04.2026.pdf
