RBI iFile

RBI iFile is a software developed by IRIS that enables Indian businesses to file their financial data directly to the Reserve Bank of India (RBI) in a secure and efficient manner.

The software is designed to reduce the manual effort required for filing regulatory returns and improve the accuracy and timeliness of financial reporting. It allows businesses to electronically submit their reports to the RBI using XBRL (eXtensible Business Reporting Language) format, which is a global standard for exchanging business information.

RBI iFile is suitable for all types of entities registered with the RBI, including banks, non-banking financial companies, payment system operators, and other financial institutions. It captures all the relevant financial data required by the RBI for regulatory reporting and generates an XBRL instance document that can be uploaded to the RBI's portal.

The software provides an intuitive interface that guides users through the process of creating and validating XBRL reports. It also includes features such as auto-tagging, validation checks, and error detection to ensure that reports are error-free and comply with RBI regulations.

• Benefits of using RBI iFile:
• 1. Saves time and effort
  2. Improves accuracy and consistency of filings
  3. Reduces errors and rejects
  4. Increases transparency and data quality
  5. Enhances security and confidentiality of data

With RBI iFile, businesses can streamline their regulatory reporting process and stay compliant with RBI regulations. It simplifies the complex task of filing returns and provides a user-friendly solution for businesses of all sizes.