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Dated: 20.12.2025

DGFT Updates List of Authorized Banks to Import Gold

The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has issued Public Notice No. ​ 40/2025-26, dated 19^th December 2025, announcing an important amendment to Appendix 4B of the Handbook of Procedures, 2023. ​ This update pertains to the list of banks authorized by the Reserve Bank of India (RBI) to import gold for the financial year 2025-26. ​

Key Highlights of the Amendment:

1. Updated List of Authorized Banks:
   • Indian Overseas Bank ​
   • Union Bank of India ​
   • SBER Bank (with specific conditions) ​
2. Special Authorization for SBER Bank:
   • SBER Bank has been newly added to the list of authorized banks. ​
   • The authorization for SBER Bank is valid from June 25, 2025, to March 31, 2026. ​
   • Import by SBER Bank is strictly allowed for domestic consumption only. ​
3. Validity Period:
   • The authorization for gold imports by the listed banks is effective from April 1, 2025, and will remain valid until March 31, 2026. ​

Impact of the Amendment:

This update ensures streamlined gold import processes for the financial year 2025-26, with the inclusion of SBER Bank providing additional avenues for domestic gold consumption. ​ The move is expected to enhance the availability of gold in the domestic market while maintaining regulatory oversight.

Conclusion:

The inclusion of SBER Bank in the list of authorized banks reflects the government’s commitment to facilitating trade while ensuring compliance with the Foreign Trade Policy, 2023. ​ Stakeholders in the gold import and trade industry are advised to take note of these changes and plan their operations accordingly.

In case you face any issues related to Indirect Tax-Customs, GST, Foreign Trade Policy (FTP), Arbitration matters and Central Licensing and related advisory matters in India then please feel free to get in touch with SJ EXIM Services.

We offer Legal advice and litigation support in matters related to Indirect Tax-Customs, FTP, other Indirect Tax matters & Arbitration law, all sorts of Central licensing and related matters. Come and explore the new way of doing business with us!

Source: DGFT

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