Common DNBS 02 Validation Errors
- NBFC Compliance
- 5 days ago
- 2 min read
The most common validation errors encountered while filing the RBI DNBS 02 return relate to missing mandatory fields, incorrect formats, or mismatch with the prescribed XBRL taxonomy. Resolving these issues requires ensuring adherence to RBI's format, data completeness, and using the proper validation and pre-scrutiny steps before submission.
Common DNBS 02 Validation Errors
Missing mandatory items: Fields required by the RBI or Ministry of Corporate Affairs (MCA) taxonomy are left blank or improperly filled.
Wrong data format: Numbers, dates, or other data do not match the expected format, leading to validation failures.
Taxonomy mismatch: The uploaded XBRL instance document uses an outdated or incorrect taxonomy version.
Business rule violations: Values or relationships between fields that do not meet specified business logics (e.g., assets not balancing with liabilities).
Server-side errors on pre-scrutiny: Additional validations performed at the portal not covered by local software scrutiny.
Step-by-step Resolution
Ensure completeness: Fill all required fields per the latest RBI/MCA taxonomy; check that no mandatory section is omitted.
Validate locally: Use the XBRL validation tool to check the instance document for both format errors and business rule compliance.
Update taxonomy: Confirm correct and latest taxonomy version as per RBI guidelines before generating XBRL.
Pre-scrutiny: Run the pre-scrutiny tool online to catch server-side validation errors not flagged by local validation; address flagged issues accordingly.
Correct and re-upload: Fix detected errors in the source data or XBRL file, validate again, and only submit after passing all checks.
Additional Notes
Regularly check RBI circulars for updates in return timelines, taxonomy changes, or procedural amendments to avoid obsolete instructions.
Only online submission through designated RBI portals is accepted; hard or email submissions are not valid except in contingency situations.
Maintain a record of all filing steps and corrections for audit/compliance purposes.
This methodical approach will help ensure valid, error-free DNBS 02 filings for NBFCs with RBI.
Comments