Programme of work


BUREAU OF INDIAN STANDARDS


Service Sector Department

Programme of Work




SSD3 : Banking and Financial Services


  • Scope : a) To formulate Indian Standards on banking and other financial services including standards on insurance services, Fintech and Regtech and quality assurance requirements for these services and b) Coordination of work with the following ISO Technical Committees: i) ISO/TC 68 on Financial Services and its sub Committees (Sc 2, 8 and 9) as P member, ii) ISO/TC 222 Personal financial planning as O member'
  • Liaison :
    ISO/TC 222 - Observer (O)
    ISO/TC 68 - Financial services - Participating (P)
    ISO/TC 68/SC 2 - Financial Services, security - Participating (P)
    ISO TC 68/SC 2/WG 11 - Encryption algorithms used in banking applications
    ISO TC 68/SC 2/WG 13 - Security in retail banking
    ISO TC 68/SC 2/WG 16 - Security aspects related to third party payment service providers (TPP’s)
    ISO TC 68/SC 2/WG 17 - Security aspects of digital currencies
    ISO TC 68/SC 2/WG 19 - Security aspects of code-scanning payment
    ISO TC 68/SC 2/WG 8 - Public key infrastructure management for financial services
    ISO/TC 68/SC 8 - Reference data for financial services - Participating (P)
    ISO TC 68/SC 8/WG 3 - Digital Token Identifier – DTI
    ISO TC 68/SC 8/WG 7 - Natural persons identifier
    ISO/TC 68/SC 9 - Information exchange for financial services - Participating (P)
    ISO TC 68/SC 9/WG 1 - ISO 20022 Semantic Models
    ISO TC 68/SC 9/WG 3 - Revision of ISO 8583 and ISO 18245
    ISO TC 68/SC 9/WG 4 - ISO 20022 Revision

Published Standards

SI. No.
IS No.
Title
Reaffirmation Details
No. of Amendments
Degree of Equivalence
1.
IS 11179 (Part 1) : 2017
ISO 1004-1 : 2013
Reviewed In : 2021
Information Processing - Magnetic Ink Character Recognition - Part1 Print Specification for E13B (Second Revision)
November, 2021
-
Identical under dual numbering
2.
IS 11179 (Part 2) : 2016
ISO 1004-2 : 2013
Reviewed In : 2021
Information Processing - Magnetic Ink Character Recognition Part 2 Print Specifications for CMC7 ( Second Revision )
November, 2021
-
Identical under dual numbering
3.
IS/ISO 12812-1 : 2017
Identical
Core banking- Mobile financial services- Part 1: General framework
-
Identical under single numbering
4.
IS/ISO/TS 12812-2 : 2017
Identical
Core banking - Mobile financial services - Part 2: Security and data protection for mobile financial services
-
Identical under single numbering
5.
IS/ISO/TS 12812-3 : 2017
Identical
Core banking - Mobile financial services - Part 3: Financial application lifecycle management
-
Identical under single numbering
6.
IS/ISO/TS 12812-4 : 2017
Identical
Core banking - Mobile financial services - Part 4: Mobile payments-to-persons
-
Identical under single numbering
7.
IS/ISO/TS 12812-5 : 2017
Identical
Core banking - Mobile financial services - Part 5: Mobile payments to businesses
-
Identical under single numbering
8.
IS/ISO1361 :-1 : 2020
Identical
Financial Services International Bank Account Number IBAN Part 1: Structure of the IBAN (First Revision)
-
Identical under single numbering
9.
IS/ISO1361 :-2 : 2020
Identical
Financial Services International Bank Account Number IBAN Part 2: Role and Responsibilities of the Registration Authority (First Revision)
-
Identical under single numbering
10.
IS 14943 (Part 1) : 2014
ISO 8583 -1 : 2003
Reviewed In : 2020
Financial Transaction Cards Originated Messages - Interchange Message Specifications Part 1 Message, Data Elements and Code Values
October, 2020
-
Identical under dual numbering
11.
IS 14943 (Part 2) : 2001
ISO 8583-2
Reviewed In : 2020
Financial Transaction Card Originated Messages - Interchange Message Specifications - Part 2 : Application and Registration Procedures for Institution Identification Codes (IIC)
October, 2020
-
Identical under dual numbering
12.
IS 14943 (Part 3) : 2007
ISO 8583-3
Reviewed In : 2020
Financial Transactions Card Originated Messages - Interchange Message s : Part 3 Maintenance Procedures for Messages, Data elements and Codes values
October, 2020
-
Identical under dual numbering
13.
IS 15042 (Part 1) : 2021
ISO 9564-1:2011
Reviewed In : 2022
Financial Services - Personal Identification Number (PIN) Management and Security Part 1: Basic Principal and Requirements for Pins in Card Based Systems (Third Revision)
March, 2022
-
Identical under dual numbering
14.
IS 15042 (Part 2) : 2017
ISO 9564-2 : 2014
Reviewed In : 2021
Financial services — Personal Identification Number (PIN) management and security — Part 2: Approved algorithms for PIN encipherment ( Second Revision)
November, 2021
-
Identical under dual numbering
15.
IS 15042 (Part 4) : 2019
ISO/TR 9564-4 : 2016
Financial Services — Personal Identification Number (PIN) Management and Security Part 4 Requirements for PIN Handling in eCommerce for Payment Transactions
-
-
Identical under dual numbering
16.
IS 15254 : 2002
ISO 9019
Reviewed In : 2021
Securities - Numbering of Certificates
November, 2021
-
Identical under dual numbering
17.
IS 15256 : 2024
ISO 11568:2023
Financial services - Key management(retail)
-
Identical under dual numbering
18.
IS 15413 : 2018
ISO 4217: 2015
Reviewed In : 2022
Codes for the Representation of Currencies and Funds ( Second Revision )
March, 2022
-
Identical under dual numbering
19.
IS 15415 : 2021
ISO 6166:2021
Securities and Related Financial Instruments- International securities identification numbering ISIN (Second Revision)
-
Identical under dual numbering
20.
IS 15586 : 2022
ISO 10962:2021
Securities and related financial instruments- Classification of financial instruments CFI code (Third Revision)
-
Identical under dual numbering
21.
IS 15586 : 2021
ISO 10962:2021
Securities and related financial instruments- Classification of financial instruments CFI code (Third Revision)
-
Identical under dual numbering
22.
IS 15587 (Part 1) : 2005
ISO 15022-1
Reviewed In : 2022
Securities - Scheme for messages data field dictionary : Part 1 Data field and message design rules and guidelines
July, 2022
-
Identical under dual numbering
23.
IS 15587 (Part 2) : 2005
ISO 15022.002
Reviewed In : 2022
Securities - Scheme for messages (data field dictionary) : Part 2 Maintenance of the Data field Dictionary and catalogue message
July, 2022
-
Identical under dual numbering
24.
IS 15899 : 2023
ISO 16609:2022
Financial services � Requirements for message authentication using symmetric techniques
-
Identical under dual numbering
25.
IS 16005 (Part 1) : 2019
ISO 13491-1 :2016
Financial Services — Secure Cryptographic Devices ( Retail ) Part 1 Concepts, Requirements and Evaluation Methods ( First Revision )
-
-
Identical under dual numbering
26.
IS 16005 (Part 2) : 2023
ISO 13491-2:2023
Financial services Secure cryptographic devices retail Part 2: Security compliance checklists for devices used in financial transactions
-
Identical under dual numbering
27.
IS 16006 : 2016
ISO 10383 : 2012
Securities and Related Financial Instruments - Codes for Exchanges and Market Identification (MIC) ( First Revision )
April, 2021
-
Identical under dual numbering
28.
IS 16007 : 2021
Identical
Financial services Key-management-related data element Application and usage of ISO 8583 data elements 53 and 96 First Revision
-
Identical under dual numbering
29.
IS 16198 : 2022
ISO 9362:2022
Banking Banking telecommunication messages Business identifier code BIC Second Revision
-
Identical under dual numbering
30.
IS 16272 : 2014
ISO 11649 : 2009
Reviewed In : 2019
Banking Services Core Banking Structured Creditor Reference to Remittance Information
October, 2019
-
Identical under dual numbering
31.
IS 16273 : 2024
ISO 18245:2023
Retail Financial Services — Merchant Category Codes (First Revision)
-
Identical under dual numbering
32.
IS 16418 (Part 1) : 2021
ISO 17442-1:2020
Financial services Legal entity identifier LEI Part 1: Assignment (First Revision)
-
Identical under dual numbering
33.
IS 16418 (Part 2) : 2021
ISO 17442-2:2020
Financial services Legal entity identifier LEI Part 2: Application in digital certificates (First Revision)
-
Identical under dual numbering
34.
IS 16836 : 2018
ISO 18774 : 2015
Securities and Related Financial Instruments Financial Instrument Short Name ( FISN )
-
Identical under dual numbering
35.
IS 18673 : 2024
ISO/TR 6083:2022
Best practices for an internal BPoS handbook
-
Identical under dual numbering
36.
IS 18676 : 2024
ISO/TR 7340:2023
Reference data distribution in financial services
-
Identical under dual numbering
37.
IS 18680 (Part 3) : 2024
ISO/TR 22126-3:2023
Financial services Semantic technology Part 3: Semantic enrichment of the ISO 20022 conceptual model
-
Identical under dual numbering
38.
IS 18680 (Part 5) : 2024
ISO/TR 22126-5:2022
Financial services Semantic technology Part 5: Mapping from FIX Orchestra to the common model
-
Identical under dual numbering
39.
IS/IEC/TR 19038 : 2005
ISO/TR 19038 : 2005
Banking and Related Financial Services — Triple DEA — Modes of Operation — Implementation Guidelines
-
Identical under dual numbering
40.
IS/ISO 20022-1 : 2013

Financial Services Universal Financial Industry Message Scheme Part 1 Overall Methodology and Formats Specifications for Inputs to and Outputs from the ISO 20022 Repository (First Revision)
April, 2021
-
Identical under single numbering
41.
IS/ISO 20022-2 : 2013
ISO 20022-2 : 2013
Financial Services - Universal Financial Industry Message Scheme Part 2 Roles and Responsibilities of the Registration Bodies ( First Revision )
April, 2021
-
Identical under single numbering
42.
IS/ISO 20022-3 : 2013

Reviewed In : 2021
Financial Services - Universal Financial Industry Message Scheme Part 3 ISO20022 Modelling Guidelines (First Revision)
April, 2021
-
Identical under single numbering
43.
IS/ISO/TS 20022-4 : 2013
ISO 20022-4 : 2013
Reviewed In : 2021
Financial Services- Universal Financial Industry Message Scheme Part 4 XML Schema Generation (First Revision)
April, 2021
-
Identical under dual numbering
44.
IS/ISO/TS 20022-5 : 2013
ISO 20022-5 : 2013
Reviewed In : 2021
Financial Services - Universal Financial Industry Message Scheme Reverse Engineering
April, 2021
-
Identical under dual numbering
45.
IS/ISO 20022-6 : 2013
ISO 20022-6 : 2013
Reviewed In : 2021
Financial Services - Universal Financial Industry Message Scheme Part 6 Message Transport Characteristics
April, 2021
-
Identical under dual numbering
46.
IS/ISO 20022-7 : 2013
ISO 20022-7 : 2013
Reviewed In : 2021
Financial Services - Universal Financial Industry Message Scheme Part 7 Registration
April, 2021
-
Identical under dual numbering
47.
IS/ISO 20022-8 : 2013
ISO 20022-8 : 2013
Reviewed In : 2021
Financial Services - Universal Financial Industry Message Scheme Part 8 ASN.1 Generation
April, 2021
-
Identical under dual numbering
48.
IS/ISO 20038 : 2017
Identical
Banking and related financial services - Key wrap using AES
-
Identical under single numbering
49.
IS/ISO 20275 : 2017
Identical
Financial services - Entity legal forms ELF
-
Identical under single numbering
50.
IS/ISO 21188 : 2018
Identical
Public key infrastructure for financial services Practices and policy framework First Revision
-
Identical under single numbering
51.
IS/ISO 21586 : 2020
ISO 21586:2020
Reference data for financial services Specification for the description of banking products or services BPoS
-
Identical under single numbering
52.
IS/ISO/TR 21797 : 2019
ISO/TR 21797:2019
Reference data for financial services Overview of identification of financial instruments
-
Identical under single numbering
53.
IS/ISO 22307 : 2008
Identical
Financial services - Privacy impact assessment
-
Identical under single numbering
54.
IS/ISO/TS 23029 : 2020
ISO/TS 23029:2020
Web-service-based application programming interface WAPI in financial services
-
Identical under single numbering
55.
IS/ISO 23195 : 2021
ISO 23195:2021
Security objectives of information systems of third-party payment services
-
Identical under single numbering
56.
IS/ISO 23897 : 2020
ISO 23897:2020
Financial services Unique transaction identifier UTI
-
Identical under single numbering
57.
IS/ISO 5009 : 2022
ISO 5009:2022
Financial services- Official organizational roles- Scheme for official organizational roles
-
Identical under single numbering
58.
IS/ISO 5116-1 : 2021
ISO 5116-1:2021
Improving transparency in financial and business reporting Harmonization topics - Part 1: European data point methodology for supervisory reporting
-
Identical under single numbering
59.
IS/ISO 5116-2 : 2021
ISO 5116-2:2021
Improving transparency in financial and business reporting Harmonization topics - Part 2: Guidelines for data point modelling
-
Identical under single numbering
60.
IS/ISO 5116-3 : 2021
ISO 5116-3:2021
Improving transparency in financial and business reporting Harmonization topics Part 3: Mapping between DPM and MDM
-
Identical under single numbering
61.
IS/ISO 5158 : 2023
ISO 5158:2023
Mobile financial services Customer identification guidelines
-
Identical under single numbering

Standards Under Develpoment

Projects Approved

SI. No.
Doc No
TITLE
No Records Found

Preliminary Draft Standards

SI. No.
Doc No
TITLE
No Records Found

Drafts Standards in WC Stage

SI. No.
Doc No
TITLE
No Records Found

Draft Standards Completed WC Stage

SI. No.
Doc No
TITLE
No Records Found

Finalized Draft Indian Standard

SI. No.
Doc No
TITLE
No Records Found

Finalized Draft Indian Standards under Print

SI. No.
Doc No
TITLE
No Records Found


Aspect Wise Report

 
 Product:   0
 Code of Practices :    1
 Methods of Test :   0
 Terminology :   0
 Dimensions :   0
 System Standard :   0
 Safety Standard :   0
 Others :    0
 Service Specification :    59
 Process Specification :    0
 Unclassified :    0
 


Annexure-I :List of Indian Standards Withdrawn/Superseded

SI. No.
IS No.
Title
1.
IS 11179 : 2005
ISO 1004
Reviewed In : 2015
Information Processing - Magnetic Ink Character Recognition - Print Specification
2.
IS 15256 (Part 1) : 2011
ISO 11568-1
Reviewed In : 2021
Banking - Key Management Retail - Part 1 Principles
3.
IS 15256 (Part 2) : 2016
ISO 11568-2 : 2012
Banking Key Management Retail Part 2 Symmetric Ciphers Their Key Management and Life Cycle First Revision
4.
IS 15256 (Part 4) : 2013
ISO 11568-4: 2007
Reviewed In : 2021
Banking - Key Management Retail - Part 4 Key Management Techniques Using Public Key Cryptography
5.
IS 15650 : 2006
Reviewed In : 2015
Quality management systems - Guidelines for implementation IS ISO 9001 2000 For banking industry
6.
IS 16189 (Part 1) : 2014
ISO 15782-1 : 2009
Reviewed In : 2014
Certificate Management for Financial Services Part 1 Public Key Certificates
7.
IS 16189 (Part 2) : 2014
ISO 15782-2 : 2001
Reviewed In : 2014
Banking Certificate Management Part 2 Certificate Extensions
8.
SP 69 : 2012
ISO/TR 13569 : 2005
Reviewed In : 2016
Financial Services- Information Security Guidelines


Annexure-II :List of Indian Product Standards

SI. No.
IS No. & Year
Title
No Records Found