MUMBAI, India, April 27 -- Reserve Bank of India issued the following notification:

RBI/2026-27/37

FMRD.MIOD.No.1/11.01.051/2026-27

April 27, 2026

To

All participants in Government Securities market

Madam/Sir,

Master Direction - Reserve Bank of India (Access Criteria for NDS-OM)

Directions, 2025

The Reserve Bank has prescribed criteria for access to the Negotiated Dealing System - Order Matching (NDS-OM) platform covering requirements for direct access, indirect access and access through the Stock Broker Connect facility. The application forms for seeking access to NDS-OM platform are prescribed as part of the Directions.

2. With the implementation of the Platform for Regulatory Application, VAlidation and AutHorisation (PRAVAAH)...