The Reserve Bank of India has approved a historic ₹2.87 lakh crore surplus transfer to the government for FY26, marking its highest-ever payout and significantly boosting India’s fiscal resilience amid global economic uncertainty.

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• The Reserve Bank of India approved a record surplus transfer of ₹2.87 lakh crore to the central government for the financial year 2025–26.
• This is the highest-ever dividend transfer by the RBI, surpassing last year’s payout of ₹2.69 lakh crore and strengthening government finances.
• The surplus acts as a major non-tax revenue source, helping the government manage expenditure without increasing borrowing pressure.
• The RBI’s Central Board cleared the transfer after reviewing macroeconomic conditions, balance sheet strength, and overall financial stability.
• Strong foreign exchange gains contributed significantly, supported by effective currency reserve management and global financial operations.
• Rising gold prices also boosted RBI income, as valuation gains from gold reserves increased overall profitability during the financial year.
• Investment returns from domestic and international securities further strengthened RBI earnings along with expansion of its balance sheet.
• The RBI retained ₹1.09 lakh crore in the Contingent Risk Buffer, ensuring financial stability against currency volatility and economic shocks.