Section 27: Monthly returns and power to call for other returns and information

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Section 27 — Monthly returns and power to call for other returns and information. Requires the statutory monthly return and empowers RBI to call. For further statements/information; from 15 December 2025 the monthly reference uses the last day of the month, with preceding-working-day treatment where applicable.

Official statute linkedProvision-specific anatomyPractical case + evidence file2025 amendment mapped

Official text: DFS consolidated Act · Banking Laws (Amendment) Act, 2025

Effective-date control — 15 December 2025. Monthly reference moved from last Friday to last day. For an event that straddles this date, the working paper should show the pre/post amendment position rather than treating the current wording as historically universal.

Statutory structure and provision map

This map is a provision-specific explanation, not a substitute for the exact statutory text.

Core statutory rule

Requires the statutory monthly return and empowers RBI to call for further statements/information.

Condition / limitation

from 15 December 2025 the monthly reference uses the last day of the month, with preceding-working-day treatment where applicable.

Source and effective-date control

Apply the wording of Section 27 that was in force on the event date; use the official Act and any applicable commencement/amending instrument linked on this page.

Professional application

Map monthly and additional returns, reference dates, deadlines, call-for-information powers and 2025 changes.

Evidence / working-paper checklist

Section 27 evidence: general-ledger / treasury reconciliation.
Section 27 evidence: return or financial statement submitted to RBI/Registrar.
Section 27 evidence: auditor sign-off or working papers where relevant.
Section 27 evidence: filing acknowledgement and calculation of the statutory reference date.

Retain the event date and source version with the file so the conclusion remains reproducible after later amendments.

Common mistakes to avoid

For Section 27, avoid using a legacy Friday/fortnight reference after the statutory date changed.
For Section 27, avoid submitting a return without a ledger reconciliation.
For Section 27, avoid assuming an extension exists without a written statutory/RBI basis.

Linked Rules, RBI directions, notifications and forms

Commercial Banks — CRR / SLR current framework
Relevance: check this instrument’s own scope where Section 27 concerns monthly returns and power to call for other returns and information.
Banking Regulation (Companies) Amendment Rules, 2025
Relevance: check this instrument’s own scope where Section 27 concerns monthly returns and power to call for other returns and information.
Banking Regulation (Co-operative Societies) Amendment Rules, 2025
Relevance: check this instrument’s own scope where Section 27 concerns monthly returns and power to call for other returns and information.

Linked instruments keep their own legal basis; they are not attributed to Section 27 unless the official instrument says so.

Related sections inside the Act

Use these links to read Section 27 in its statutory sequence, especially where the provision imports definitions, approvals, appeals, penalties or winding-up consequences from neighbouring sections.

Current-law source control

Source control: read Section 27 in the DFS/India Code text together with the mapped 2025 amending Act and commencement date.

Dated matters: verify any later Gazette, RBI direction or binding judgment affecting Section 27 on the event date.

Primary official sources

Disclaimer

This Finin2min page is an educational and professional reference. Banking regulation is fact-, entity- and date-sensitive. Verify the current Act, Gazette amendments and commencement notifications, applicable RBI Rules/directions and the transaction record before acting or filing.