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ডিচে 18, 2006

Cheque Drop Box Facility and the facility for acknowledgement of cheques

RBI /2006-2007/214 DBOD.No.Leg.BC. 49 /09.07.005/2006-07 December 18, 2006 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Cheque Drop Box Facility and the facility for acknowledgement of cheques Please refer to our Circular DBOD.No.Leg.BC.74/09.07.005/2003-04 dated April 10, 2004 wherein banks were advised that both the drop box facility and the facility for acknowledgement of the cheques at the regular collection counters should be available to customer

ডিচে 10, 2006

TDS on interest payable under Senior Citizens Savings Scheme, 2004

RBI/ 2006-07/ 171 Ref. No. DGBA.CDD. No. H- 7667 / 15.15.001 / 2006-07 November 10, 2006 The General Manager Government Accounts Department, Head Office State Bank of India / State Bank of Indore / State Bank of Patiala State Bank of Bikaner & Jaipur / State Bank of Saurashtra State Bank of Travancore / State Bank of Hyderabad / State Bank of Mysore Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/ Canara Bank / Central Bank of India / Corpora

নৱে 10, 2006

Customer Service – Issue of Duplicate Demand Draft

RBI/2006-07/173 DBOD.No.Leg.BC.42 /09.07.005/2006-07 November 10, 2006 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Customer Service – Issue of Duplicate Demand Draft Please refer to our circular DBOD.No.BC.147/09.07.007/99-2000 dated March 9, 2000 wherein banks were advised to issue duplicate Demand Draft to the customer within a fortnight from the receipt of such request. Further, for the delay beyond this stipulated period, banks were advised to pay

নৱে 03, 2006

Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks

RBI/2006/167 DBOD.NO.BP. 40/ 21.04.158/ 2006-07 November 3, 2006 All Scheduled Commercial Banks(excluding RRBs) Dear Sir, Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks In view of the extensive use of outsourcing by banks, Reserve Bank had issued draft guidelines on 6th December 2005 for laying down a framework for managing the attendant risks in outsourcing. On the basis of the suggestions received from all concerned, t

অক্টো 11, 2006

Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals)

RBI/2006-07/147 RPCD.CO.RF.BC 28/07.40.06/2006-07 October 11, 2006 All State and District Central Co-operative Banks (StCBs/DCCBs) Dear Sir, Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals) As you are aware, a passbook is a ready reckoner of transactions and being handy and compact, is far more convenient to the small customer than a statement of account which has some inherent difficulties viz need of filing, tallying of openi

অক্টো 06, 2006

Address / Telephone Number of the Branch in Pass Books / Statement of Accounts - UCBs

RBI / 2006-07 / 143 UBD.CO. BPD .Cir No. 12 /09.39.000/ 2006-07 October 6, 2006 The Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir/Madam, Address / Telephone Number of the Branch in Pass Books / Statement of Accounts - UCBs In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. Banks are ther

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অক্টো 04, 2006

Customer Service – Non-issuance of Passbooks to Savings Bank Accountholders (Individuals)

RBI /2006-07/139 DBOD.No.Leg.BC.32 /09.07.005/2006-07 October 4, 2006 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Customer Service – Non-issuance of Passbooks to Savings Bank Accountholders (Individuals) We have been receiving representations from customers including senior citizens' associations that many banks have discontinued issuing pass books to Savings Bank Account holders (Individuals). It has also been pointed out that this decision of discon

ছেপ্তে 22, 2006

Address, telephone number of the Branch in passbooks/statements of account

RBI/2006-07/134 RPCD.RF.BC. 26/07.40.06/2006-07 September 22, 2006 All State and District Central Co-operative Banks Dear Sir, Address, telephone number of the Branch in passbooks/statements of account In order to improve the quality of service available to customers in branches, it would be useful if the address and telephone number of the branch are mentioned on the passbooks/statements of account. 2. Banks are, therefore, advised to ensure that full address and tel

ছেপ্তে 15, 2006

Address/Telephone Number of the Branch in Pass Books / Statement of Accounts-Regional Rural Banks (RRBs)

RBI/2006-07/128 RPCD.CO.RRB.BC.No./25/03.05.28A/2006-07 September 15, 2006 The Chairmen Regional Rural Banks (RRBs) Dear Sir Address / Telephone Number of the Branch in Pass Books / Statement of Accounts-Regional Rural Banks (RRBs) In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. RRBs are therefore advised to ensur

ছেপ্তে 01, 2006

Address / Telephone Number of the Branch in Pass Books / Statement of Accounts

RBI/2006-07/123 DBOD.No.Leg. BC.8 /09.07.005/2006-07 September 1, 2006 To All the Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Address / Telephone Number of the Branch in Pass Books / Statement of Accounts In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. Banks are therefore advised to ensure that full addr

আগ 24, 2006

Payment of half-yearly interest / principal of Relief / Savings Bonds to investors at a place of their choice

RBI/2006-07/117 Ref. DGBA.CDD. No.H-3253/13.01.299/2006-07 August 24, 2006 Bhadra 2, 1928 (S) The Chairman / Managing Director State Bank of India / Associate Banks / 17 Nationalised Banks / HDFC Bank Ltd., / ICICI Bank Ltd., IDBI Ltd. / UTI Bank Ltd. Stock Holding Corporation of India Ltd Dear Sir, Payment of half-yearly interest / principal of Relief / Savings Bonds to investors at a place of their choice. As you are aware, Agency Banks normally pay half-yearly inte

আগ 23, 2006

Master Circular on Maintenance of Deposit Accounts - UCBs

RBI/2006-07/114 UBD.BPD(PCB) MC.No: 11 /13.01.000/2006-07 August 23, 2006 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Master Circular on Maintenance of Deposit Accounts - UCBs Please refer to our Master Circular UBD BPD (PCB) MC.No.9/13.01.00/2004-05 dated August 11, 2005 on the captioned subject (available at RBI website www.rbi.org.in). The enclosed Master Circular consolidates and updates all the instructions/guidelines on the subje

জুলাই 28, 2006

Master Circular - Facility for Exchange of Notes and Coins

RBI No. 93/2006-07 DCM (NE) No.732/08.07.18/2002-03 28 July 2006 The Chairman & Managing Director of All Public Sector and Private Sector Banks, Foreign Banks and State Cooperative Banks. Madam / Dear Sir, Master Circular - Facility for Exchange of Notes and Coins Please refer to the Master Circular pertaining to the facility for exchange of notes and coins issued vide our letter DCM (NE) No. G-2/08.07.18/2002-03 dated July 5, 2002. Pursuant to the changes brought

জুলাই 28, 2006

Maintenance of collateral by Foreign Institutional Investors (FIIs) for transactions in derivative segment

RBI/2006-07/92 A.P.( DIR Series) Circular No. 4 July 28, 2006 To All Category - I Authorised Dealer Banks Madam / Sir, Maintenance of collateral by Foreign Institutional Investors (FIIs) for transactions in derivative segment Attention of Authorized Dealer Category-I (AD) banks is invited to Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 notified vide Notification No. FEMA 120/ RB-2004 dated July 7, 2004 and Foreign Exchange

জুলাই 20, 2006

Annual Policy Statement for the year 2006-07-Fair Practices Code- Display of Bank Charges

RBI/2006-07/79 CSD.BOS.5/13.33.01/2005-06 July 20, 2006 The Chairman/Chief Executive Officer/Managing Director, All Commercial Banks (Including RRBs). Dear Sir/Madam, Annual Policy Statement for the year 2006-07-Fair Practices Code- Display of Bank Charges Please refer to our circular RPCD.BOS.81/13.33.01/2005-06 dated May 16, 2006 on the captioned subject advising you to display and update, on your website, the details of certain service charges. In continuation of t

জুলাই 06, 2006

Master Circular on Customer Service - UCBs

জুন 06, 2006

Opening of savings bank accounts in the name of certain bodies/organisations

RBI/2005-06/399 RPCD.CO.RF.BC.No 87/07.38.01/2005-06 June 6, 2006 All State and District Central Co-operative Banks Dear Sir, Opening of savings bank accounts in the name of certain bodies/organisations Please refer to our Circular RPCD No. RF.Dir. BC. 30/07.38.01/2000-01 dated October 17, 2000, permitting banks to open savings bank accounts in the name of Government departments/bodies/agencies in respect of grants/subsidies released for implementation of various prog

মে’ 26, 2006

UCBs advised to display Service Charges in their branches/on Website

RBI/ 2005-06/392 UBD. (PCB).Cir.No.54/09.39.000/05-06 May 26, 2006 The Chief Executive Officers of All Primary (Urban Co-operative Banks) Dear Sir/Madam, Annual Policy Statement for the year 2006-07- Fair Practices Code- Display of Bank Charges-UCBs Please refer to the paragraph 162 of the Annual Policy Statement for the year 2006-07, a copy of which is enclosed. 2. As per extant instructions, the decision to prescribe service charges is left to the discretion of the

মে’ 22, 2006

Financial Inclusion by Extension of Banking Services - Use of Business Facilitators and Correspondents

RBI/2005-06/331 DBOD.No.BL.BC. 72/22.01.009/2005-2006 March 22, 2006 Chaitra 01, 1928 (S) The Chairmen & CEOs (All Scheduled Commercial Banks including Regional Rural Banks and Local Area Banks) Dear Sir, Financial Inclusion by Extension of Banking Services - Use of Business Facilitators and Correspondents Please refer to our Circular DBOD.No.BL.BC. 58/22.01.001/2005-2006 dated January 25, 2006 on the above subject. 2. In terms of the above circular, under the 'Bu

মে’ 07, 2006

Know Your Customer Guidelines- Anti-Money Laundering Standards

RBI/2005-06/317 DNBS.PD. CC No. 64 /03.10.042/2005-06 March 7 , 2006 All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking Companies Dear Sir, Know Your Customer Guidelines- Anti-Money Laundering Standards Please refer to our circular DNBS.(PD). CC.48/10.42/2004-05 dated February 21, 2005 on the above subject. In terms of the above circular, NBFCs were advised to formulate a customer acceptance policy and customer identifi

ফেব্ৰু 06, 2006

Dearness Relief to Pensioners

RBI/2005-06/296 DGBA.GAD.No. H. 11303 /45.01.003/2005-06 February 06, 2006 Magha 17, 1927 (Saka) All pension paying banks (As per list attached) Dear Sir, Disbursement of pension through Public Sector Banks - payment of Dearness Relief (DR) Reserve Bank has been receiving large number of complaints from pensioners regarding delay in release of Dearness Relief (DR)/other allowances by Agency banks as announced by Government from time to time. 2. In order to obviate the

জানু 23, 2006

Collection of account payee cheque – Prohibition on crediting proceeds to third party account

RBI./2005-06/282 DBOD.BP.BC No. 56 / 21.01.001/ 2005-06 January 23, 2006 The Chairmen/Chief Executives of all Commercial Banks (excluding RRBs) Dear Sir, Collection of account payee cheque – Prohibition on crediting proceeds to third party account As banks are aware an account payee cheque is required to be collected for the payee constituent. As regards, account payee cheques drawn in favour of banks, it had been indicated, vide our circular DBOD.NO.BC.23/21.01.001/9

ডিচে 30, 2005

Financial Inclusion - Trilingual Forms / Brochures / Pamphlets

RBI /2005-06/269 RPCD.RF.BC.60/07.38.01/2005-06 December 30, 2005 All State and District Central Co-operative Banks Dear Sir Financial Inclusion - Trilingual Forms / Brochures / Pamphlets Please refer to our Circular RPCD.RF.BC.54/07.38.01/2005-06 dated December 13, 2005 wherein banks were advised to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balances as well as charges that would make such accounts accessible to vast sect

ডিচে 30, 2005

RRBs - Financial Inclusion - Trilingual Forms/Brochures/Pamphlets

RBI/2005-06/270 RPCD.CO.No.RRB.BC.61/03.05.33(F)/2005-06 December 30, 2005 The Chairmen, All Regional Rural Banks Dear Sir Financial Inclusion - Trilingual Forms/Brochures/Pamphlets Please refer to our Circular RPCD.CO.No.RRB.BC.58/03.05.33(F)/2005-06 dated December 27, 2005 wherein Regional Rural Banks were advised to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balance as well as charges that would make such accounts acces

ডিচে 09, 2005

Premature repayment of public deposits or deposits

RBI / 2005-06 / 231 DNBS (PD) C.C. No. 60/ 02.01 / 2005-06 December 9, 2005 To, All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs) Dear Sirs, Premature repayment of public deposits or deposits Please refer to our circular DNBS PD) C.C. No. 44/02.01/2004-05 dated October 5, 2004 on the captioned subject. In paragraph 3(5) of the said circular, it has been provided that all deposit account

নৱে 21, 2005

Credit Card Operations of banks

RBI / 2005-06 / 211 DBOD.FSD.BC. 49/ 24.01.011/ 2005-06 November 21, 2005 All Commercial Banks / NBFCs (Excluding RRBs) Dear Sir, Credit Card Operations of banks Pursuant to the announcement made in the Annual Policy Statement 2004-05, the Reserve Bank of India had constituted a Working Group on Regulatory Mechanism for Cards. The Group has suggested various regulatory measures aimed at encouraging growth of credit cards in a safe, secure and efficient manner as well

নৱে 11, 2005

Financial Inclusion

RBI/2005-06/204 DBOD.No.Leg.BC. 44/09.07.005/2005-06 November 11, 2005 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Financial Inclusion Please refer to Paragraph 96 of the Mid-term Review of Annual Policy Statement for the year 2005-06. 2. The Annual Policy Statement of April 2005, while recognising the concerns in regard to the banking practices that tend to exclude rather than attract vast sections of population, urged banks to review their existing

নৱে 02, 2005

Advances against Gold Ornaments and Jewellery

RBI/2005-06/196 DBOD.No.IBD.BC. 663 /23.67.001/2005-06 November 2, 2005 The Chairmen and CEOs of all Scheduled Commercial Banks (Excluding RRBs) Dear Sir Advances against Gold Ornaments and Jewellery Please refer to our circular DBOD. No. BP.BC. 138/21.01.023/94 dated November 22, 1994 on the captioned subject as also earlier circulars enclosed for ready reference. 2. As you are aware, hallmarking of gold jewellery ensures the quality of gold used in the jewellery as

অক্টো 25, 2005

OLTAS – Drop Box facility for Direct Tax Challans

RBI /2005-06 /188 DGBA. GAD. No.H-412/42.01.034/2005-06 October 25, 2005 Kartika 3, 1927 (S) The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, OLTAS – Drop Box facility for Direct Tax Challans It has been reported by the Directorate of Income Tax (systems) that a large number of data entry errors are being detected in respect of PAN/TAN under On Line Tax Accounting System (OLTAS). One of the reasons for such e

অক্টো 17, 2005

Electronic Clearing Service

RBI/2005-06/181 Ref. DPSS (CO) No.590/01.01.15/2005 October 17, 2005 To Chairmen / CEOs of all the banks participating in Electronic Clearing Services Dear Sir Electronic Clearing Service (ECS) As you may be aware, Electronic Clearing service (ECS) is increasingly being used by various users like Govt. Departments, corporate bodies, etc. for repetitive payments like salary, pension, dividends, interest, etc. 2. While ECS has proved to be of great convenience to both,

অক্টো 06, 2005

Providing E-payment Facilities to Tax Payers

RBI/2005-06/174 DGBA. GAD. No.H 3095/41.07.001/2005-06 October 06, 2005 Chairman & Managing Director/Managing Director All Agency Banks Dear Sir, Conduct of Government business – Providing e-payment facilities to Tax Payers - Guidelines for Internet Banking We have been receiving references from Agency banks seeking our permission for introducing e-payment arrangement for collection of taxes on behalf of Government Departments. 2. In this connection, we feel that

ছেপ্তে 03, 2005

Guidelines on One-Time Settlement Scheme for SME Accounts

RBI/2005-06/153 RPCD.PLNFS. BC.No.39 / 06.02.31/ 2005-06 September 3, 2005 The Chairman/Managing Director All Public Sector Banks Dear Sir, Guidelines on One-Time Settlement Scheme for SME Accounts Please refer to Paragraph No. 8 of our circular RPCD. PLNFS.BC. No. 31/06.02.31/2005-06 dated August 19, 2005 and accordingly, a one-time settlement scheme for recovery of NPAs below Rs.10 crore is proposed hereunder which is required to be implemented by all public sector

ছেপ্তে 03, 2005

KYC/AML Standards for scheduled commercial banks

আগ 30, 2005

Section 23 of the Banking Regulation Act, 1949 - Door-step banking

RBI/2004-05/449DBOD.No.BL.BC.86/22.01.001/2004-05 April 30, 2005 Vaishakha 10, 1927 (S) All scheduled commercial banks. (Excluding RRBs) Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Door-step banking Please refer to our circular DBOD.No.BL.BC.42/C-168-83 dated May 24, 1983 (copy enclosed), wherein banks were advised not to extend any banking facilities at the premises of their customers, without obtaining the required permission from Reserve Bank of Indi

আগ 16, 2005

Facilitating opening of bank accounts for flood affected persons

RBI/2005-06/125 RPCD.RF.AML.BC 30/07.40.00 /2005-06 August 16, 2005 All State and District Central Co-operative Banks Dear Sir, Facilitating opening of bank accounts for flood affected persons Please refer to our circular RPCD.AML.BC.No. 80/07.40.00/2004-05 dated February 18, 2004 on Know Your Customer Guidelines – Anti-Money Laundering standards. In terms of the above circular, banks were advised to formulate a customer acceptance policy and customer identification p

আগ 10, 2005

Indian banknotes with additional/new security features

RBI/2005-06/107 DCM (Plg.) No. G 7 /10.01.00/2005-06 August 10, 2005 The Chairman/MD/CMD/CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/new security features Please refer to our letter RBI/2004-05/458: DCM (Plg) No. G.40/10.01.00/2004-05 dated May 07, 2005, forwarding list of additional/new security features to be incorporated in Indian banknotes and the discussion held in the meeting of the Chairman &

আগ 06, 2005

Tax Counterfoil for Cash Payments/ Debit to A/c. with the designated branch

RBI/2005-06/97 Ref. DGBA.GAD. No.H. 488 /42.01.034 /2005-06 August 6, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Tax Counterfoil for Cash Payments/ Debit to A/c. with the designated branch As you are aware, under Online Tax Accounting System (OLTAS), banks are required to deliver taxpayers’ counterfoil across the counter in case of cash payments or where amount is collected by transfer entry in the

আগ 02, 2005

Facilitating opening of bank accounts for flood affected persons

RBI/2005-06/89 Ref.DBOD.No.AML.BC. 23 /14.01.064 /2005-06 August 2, 2005 To The Chief Executives of Scheduled Commercial Banks including Regional Rural Banks Dear Sirs Facilitating opening of bank accounts for flood affected persons Please refer to our circular DBOD.No.AML.BC.58/14.01.001/2004-05 dated November 29, 2004 on Know Your Customer Guidelines – Anti-Money Laundering standards. In terms of the above circular, banks were advised to formulate a customer accepta

জুলাই 20, 2005

Internet Banking in India – Guidelines

RBI/2005-06/71 DBOD No. Comp.BC.14/07.03.29/2005-06 July 20, 2005 All Scheduled Commercial Banks Dear Sir Internet Banking in India – Guidelines Please refer to our circular DBOD No.Comp.BC.130/07.03.23/2000-01 dated June 14, 2001 in terms of which banks were advised to seek prior approval of Reserve Bank of India before offering transactional services on the Internet. The position has since been reviewed and banks are advised that while the offering of Internet Banki

জুলাই 12, 2005

Settlement of claims in respect of deceased depositors – Simplification of Procedure

RBI/2005-06/48 RPCD.CO.RF. BC.No.12/07.38.01/2005-06 July 12, 2005 The Chairmen/CEOs All State and District Central Co-operative Banks Dear Sir, Settlement of claims in respect of deceased depositors – Simplification of Procedure Pursuant to the announcement in the Mid-Term Review of the Annual Policy of the RBI on November 3, 2003, the Committee on Procedure and Performance Audit on Public Services (CPPAPS) was constituted by the RBI with a view to improving the qual

জুন 14, 2005

Use of Plastic Cards by Resident Indians while on a visit outside India

RBI/2004-05/492 A.P. (DIR Series) Circular No. 46 June 14, 2005 To All banks authorised to deal in Foreign Exchange Madam/Sirs, Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India Reserve Bank of India has, vide its Notification No. FEMA 15/2000-RB dated 3rd May 2000, notified debit cards, ATM cards or any other instrument that can be used to create a financial liability, as 'currency'. It was

জুন 09, 2005

Procedure for settlement of claims relating to Deceased Depositors Simplified

RBI/2004-05/490 DBOD.No.Leg. BC.95 /09.07.005/2004-05 June 09, 2005 To The Chairman/CEOs of All the Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Settlement of claims in respect of deceased depositors – Simplification of Procedure Pursuant to the announcement in the Mid-Term Review of the Annual Policy of the RBI on November 3, 2003, the Committee on Procedure and Performance Audit on Public Services (CPPAPS) was constituted by the RBI with a view to improving

মে’ 31, 2005

Liberalised Remittance Scheme of USD 25,000 for Resident Individuals

RBI/2004-05/402 A.P. (DIR Series) Circular No. 38 March 31, 2005 To All Banks Authorised to Deal in Foreign Exchange Madam/Sirs, Liberalised Remittance Scheme of USD 25,000 for Resident Individuals Attention of the Authorsed Dealers (AD) banks is invited to paragraph 3.4(iii) of A.P.(DIR Series) Circular No.64 dated February 4, 2004, in terms of which remittance under the captioned Scheme is not permitted, directly or indirectly, to countries identified by the Financi

মে’ 25, 2005

Public Provident Fund Scheme, 1968 - Clarifications

RBI/2004-05/480 Ref.No.CO.DT.15.02.001/H-9844-9866/2004-05 May 25, 2005 Jyeshtha 4, 1927 (S) The General Manager Government Accounts Department State Bank of India and Associate Banks Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra / Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank / Indian Overseas Bank /Punjab National Bank / Syndicate Bank / UCO Bank / Union Bank of India / United Bank of India / Dear Sir, Publi

মে’ 14, 2005

Public Provident Fund Scheme, 1968 - Amendments

RBI/2004-05/468 Ref.No.CO.DT.15.02.001/H-9593-9615/2004-05 May 14, 2005 Chaitra 23, 1927 (S) The General Manager Government Accounts Department State Bank of India and Associate Banks ; Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra / Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank / Indian Overseas Bank /Punjab National Bank / Syndicate Bank / UCO Bank / Union Bank of India / United Bank of India / Dear Sir, Pub

মে’ 07, 2005

Indian banknotes with additional/revised security features

RBI/2004-05/458DCM (Plg.)No.G 40/10.01.00/2004-05 May 07, 2005 The Chairman/MD/ CMD/ CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/revised security features In the wake of increasing circulation of high quality counterfeit notes, particularly, Rs.100 and Rs.500 denominations, the Government of India had constituted a High Level Committee to consider strengthening the security features in our banknotes. T

জানু 19, 2005

Non-acceptance of coins by bank branches

RBI/2004-05/348 DCM (RMMT) No.1403/11.37.01/2004-05 January 19, 2005 The Chairman & Managing Director, All Public/Private Sector banks Dear Sir, Non-acceptance of coins by bank branches Please refer to our circulars DCM (RMMT) No.404/11.37.01/2003-04 dated October 9, 2003 and DCM (RMMT) No.1181/11.37.01/2003-04 dated April 5, 2004 advising you to ensure acceptance of coins of all denominations without any restriction from the members of public etc. by your branche

জানু 15, 2005

Payment Order for Matured Relief/Savings Bonds in the name of the Joint Holder

RBI/2004-05/347 No.CO.DT.13.01.299/H.6284-6313 /2004-05 January 15, 2005 The Chairman and Managing Director State Bank of India and Associate banks and 17 Nationalised banks. The Managing Director ICICI/IDBI/HDFC/UTI Bank Ltd. Stock Holding Corporation of India Ltd. Dear Sir, Relief / Savings Bonds Schemes – issue of Payment Orders / Drafts for matured Bonds We have been receiving suggestions from the Joint Holders of the captioned bonds that the Payment Orders repres

ডিচে 27, 2004

Non-acceptance of coins

RBI / 2004-05 / 315 DCM (Plg) No.G-31 /10.03.00/2004-05 December 27, 2004 Currency Chest maintaining Banks as per list. Dear Sir / Madam Non-acceptance of coins Please refer to the directions/instructions advised to you in our letter DCM(RMMT) No. 1181/11.37.01/2003-04 dated April 5, 2004, on acceptance of coins by bank branches. The hardship faced by the members of public because of non-acceptance of coins by branches of commercial banks was deliberated upon, among o

নৱে 29, 2004

Know Your Customer (KYC) Guidelines – Anti Money Laundering Standards

RBI-2004-05/284DBOD.NO.AML.BC.58/14.01.001/2004-05 November 29, 2004 The Chief Executives of All Commercial Banks Dear Sir, 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards Please refer to our circular DBOD. No. AML.BC.18/ 14.01.001/2002-2003 dated August 16, 2002 on the guidelines on 'Know Your Customer' norms. Banks were advised to follow certain customer identification procedure for opening of accounts and monitoring transactions of a suspici

নৱে 01, 2004

Minimum Tenor of Domestic Term Deposits Reduced from 15 Days to 7 Days

RBI/2004-05/268RPCD.CO.RF.BC 55/07.38.01/2004-05 November 1, 2004 All State and District Central Co-operative Banks Dear Sir, Mid-term Review of Annual Policy Statement for the year 2004-05- Reduction of Tenor of Domestic/ Ordinary Non-Resident (NRO) Term Deposits Please refer to paragraph 1(i) of our circular RPCD.No.RF.DIR.BC.77/07.38.01/2000-01 dated April 19, 2001. At present, the banks can accept term deposits of Rs.15 lakh and above for a minimum maturity period

অক্টো 07, 2004

Operation of the Senior Citizens Savings Scheme, 2004 (SCSS) through Public Sector Banks

RBI/2004-05/213 CO.DT.No. 15.02.001/H.3484 - 3520 /2004-05 October 7, 2004 Ashwina 15, 1926 (S) The Chairman & Managing Director State Bank of India / Associate Banks 15 Public Sector Banks Dear Sir, Operation of the Senior Citizens Savings Scheme, 2004 (SCSS) through Public Sector Banks You may be aware that in terms of GOI Notification No.G.S.R.490 (E) dated August 2, 2004, Government have introduced the Senior Citizens Savings Scheme (SCSS), 2004 with effect fr

জুন 21, 2004

Guidelines on KYC Norms - Existing Accounts

RBI/2004/259 DBOD.AML.BC.No.101/14.01.001/2003-04June 21, 2004The Chief Executives of all Commercial Banks (excluding RRBs)Dear Sir,Guidelines on KYC Norms - Existing Accounts Please refer to our circular DBOD.No.AML.BC.18/14.01.001/2002-03 dated August 16, 2002 on the above subject. It was advised in paragraph 3 of the above circular that in case of any omission in respect of the existing accounts, KYC procedures may be completed at the earliest. Further, vide our ci

মে’ 29, 2004

"Know Your Customer" Guidelines-Compliance

RBI/2004/227UBD No.UBD.BPD. PCB. Cir. 48 /09.161.00/2003-04 May 29, 2004 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir "Know Your Customer" Guidelines-Compliance Please refer to our circular UBD No. DS.PCB. Cir 17/13.01.00/2002-03 dated September 18, 2002 on "Know Your Customer" guidelines to be followed by urban cooperative banks while opening accounts. While complying with the above requirements, UCBs also collect a lot of additiona

এপ্ৰিল 17, 2004

FEMA 1999 – Current Account Transactions – Remittance for maintenance of close relatives abroad- Requests of Indian Nationals on deputation to India from Overseas Companies - A.P (DIR Series) Circular No.86

RBI/2004/ 153 A.P.(DIR Series) Circular No.86 April 17, 2004ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs, FEMA 1999 – Current Account Transactions – Remittance for maintenance of close relatives abroad- Requests of Indian Nationals on deputation to India from Overseas Companies Attention of Authorised Dealers is invited to item 7 of Schedule III of Government of India Notification No.GSR.381 (E) dated May 3, 2000 as amended by the Notification No.S.O.301(E

এপ্ৰিল 05, 2004

Acceptance of coins

RBI/2004/136 DCM(RMMT)No.1181/11/37.01/2003-04April 5, 2004 The Chairman & Managing Director All Public/Private Sector Banks Dear Sir Acceptance of coins We invite a reference to our letter DCM(RMMT)No.404/11.37.01/2003-04 dated October 09, 2003, requesting you to instruct your branches to accept coins of all denominations from any member of the public without any restriction. However, we still continue to receive directly as well as indirectly complaints about no

ফেব্ৰু 27, 2004

Grant of advances against the security of Relief Bonds

RBI/2004/ 82 BPD.PCB.Cir. 36 /13.08.00/2003-04 February 27, 2004 The Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir, Grant of advances against the security of Relief Bonds Please refer to our circular UBD.No.PCB.82/DC.(13.08.00)/92-93 dated June 2, 1993 advising banks that they may sanction advances against the security of 10% Relief Bonds 1993 on the terms mentioned in paragraph 2 thereof. 2. As you are aware, Government of India have fro

ফেব্ৰু 05, 2004

Revised guidelines for compromise settlement of chronic Non-Performing Assets (NPAs) of public sector banks upto Rs 10 crore

February 05, 2004 RBI/2004/42 DBOD No. BP. BC 66 / 21.04.117/2003-2004 Chairmen and Managing Directors of all Public Sector Banks Dear Sir, Revised guidelines for compromise settlement of chronic Non-Performing Assets (NPAs) of public sector banks upto Rs 10 crore Please refer to our circular DBOD No. BP.BC. 108/ 21.04.117 / 2002-2003 dated May 23, 2003 extending the time limit for processing of applications for settlement of NPAs up to Rs. 10 crore from 31st October

জানু 29, 2004

Provision of note counting machines in the counters

January 29, 2004 RBI/ 2004/30 DCM (Plg)No.874/10.36.00/2003-04 The Chairman, State Bank of India Managing Directors, Associate Banks Chairmen and Managing Directors of Nationalised Banks Chairmen / CEOs of Private Sector Banks / Foreign Banks / Regional Rural Banks / Local Area Banks. Dear Sir Provision of note counting machines in the counters. We advise that in terms of the Directive DBOD. No.Dir.BC.43/13.03.00/2001-02 dated 7th November 2001 issued by Reserve Bank

জানু 19, 2004

Providing facilities to public for exchange of notes, coins, etc.

RBI/2004/19RBI/2004/19DCM (NE) No.310/08.07.18/2003-04 January 19, 2004 The Chairman, SBI and Chairman & Managing Directors ofAll currency chest maintaining branches Dear SirProviding facilities to public for exchange of notes, coins, etc. As you are aware the Reserve Bank of India renders retail services to the public like distribution and exchange of currency and coins. Our Regional Offices have been issuing fresh/good notes and coins of all denominations, excha

জানু 16, 2004

8% Savings (Taxable) Bonds 2003

January 16, 2004 Pausha 26, 1925 Circular No. RBI / 2004 / 13 Ref.DGBA.CO.DT.13.01.299/H- 3819 /2003-04 The Chairman & Managing Director, SBI & Associate Banks, & 17 Nationalised Banks, UTI Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd. IDBI Bank Ltd. & Stock Holding Corporation of India Ltd. Dear Sir, 8% Savings (Taxable) Bonds 2003 Please refer to our letter No.CO.DT.13.01.299/H-38362002-03 dated 3rd April 2003 on the captioned subject. In this connectio

অক্টো 11, 2003

Banks advised to desist from using Stickers/Gummed Labels on Note Packets

ছেপ্তে 27, 2003

Borrowing from Close Relatives Abroad
A.P. (DIR Series) Circular No.24 (Sept 27, 2003)

Reserve Bank of India Exchange Control Department Central Office Mumbai - 400 001 A.P. (DIR Series) Circular No.24 September 27, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Borrowing from Close Relatives Abroad Attention of Authorised Dealers is invited to paragraph (iv) of the Schedule to Regulation 6 of Notification No.FEMA 3/2000-RB dated May 3, 2000 in terms of which an individual resident in India is allowed by Reserve Bank, on application, to

জুলাই 23, 2003

Section 23 of Banking Regulation Act, 1949 –
Third party transfer of funds through ATMs

DBOD.No.BL.BC 5/22.01.001/2003July 23, 2003. Shravana 01,1925(Saka)All Scheduled Commercial Banks (excluding RRBs and LABs)Dear SirSection 23 of Banking Regulation Act, 1949 – Third party transfer of funds through ATMs.Please refer to Para 12.3 of our master circular No. DBOD. BL.BC. 5/22.01.001/ 2002 dated July 18, 2002 on the functions that may be provided at Automated Teller Machines (ATMs) wherein it has been specified that inter account transfers should be restri

জুলাই 17, 2003

Current Account Transactions - Liberalisation

Reserve Bank of India Exchange Control Department Central Office Mumbai – 400 001A.P.(DIR Series) Circular No.3July 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions - LiberalisationAttention of authorised dealers is invited to the existing limits for release of foreign exchange under Schedule III to Rule 5 of Foreign Exchange Management (Current Account Transactions) Rules, 2000 as amended from time to time. As a step toward

জুন 26, 2003

Procedure for Dishonour of cheques

Ref. DBOD.BC.Leg. No.113 / 09.12.001/ 2002-03 June 26, 2003All Scheduled Commercial Banks (Excluding RRBs and LABs)Dear Sir,Dishonour of cheques – Procedure thereofAs you are aware, in January 1992, banks were advised to implement the recommendation of the Goiporia Committee that dishonoured instruments are returned / despatched to the customer promptly without delay, in any case within 24 hours (Ref.No.3.36 – our circular DBOD.No.BC.74/09.07.001/91-92 dated 28th Janu

মে’ 26, 2003

Interest Rates on Deposits - Premature Withdrawal

UBD.(PCB)78/DC.V.1(B)/92-93 May 26, 1993 All Primary (Urban) Co-operative Banks Dear Sirs, Interest Rates on Deposits - Premature Withdrawal Please refer to paragraphs 11 and 12 of our directive No. UBD.DC.102/V.1-87/88 dated 25 June 1987 regarding premature withdrawal closure of term deposits. 2. As banks are aware, in terms of paragraph 12 of our above directive dated 25 June 1987, in case of premature closure of a term deposit, a deposit in the form of daily deposi

মে’ 21, 2003

International Credit Cards - Liberalisation of Facilities for Residents
A.P.(DIR Series) Circular No.103 (May 21, 2003)

Reserve Bank of India Exchange Control Department Central office Mumbai-400 001A.P.(DIR Series) Circular No.103 May 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Credit Cards - Liberalisation of Facilities for ResidentsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.73 dated January 24, 2003, relating to the use of International Credit Cards.2. As a step towards further liberalisation, resident individuals mai

মে’ 05, 2003

Guidelines on Fair Practices Code for Lenders

DBOD. Leg. No.BC. 104 /09.07.007/2002-03 May 5, 2003All Scheduled Commercial Banks / All India Financial Institutions (Excluding RRBs and LABs)Dear Sir,Guidelines on Fair Practices Code for LendersOn the basis of the recommendations of the Working Group on Lenders’ Liability Laws constituted by the Government of India, we have examined, in consultation with Government, select banks and financial institutions, the feasibility of introducing the Fair Practices Code for

জানু 24, 2003

Foreign Exchange Management Act, 1999 – Current Account Transactions – Use of International Credit Cards abroad
A.P.(DIR Series) Circular No.73 (January 24, 2003)

Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001January 24, 2003A.P.(DIR Series) Circular No.73 To All Authorised Dealers in Foreign ExchangeMadam/Sir,Foreign Exchange Management Act, 1999 – Current Account Transactions – Use of International Credit Cards abroad Attention of authorised dealers is invited to the Government of India Notification No.G.S.R.381(E) dated 3rd May 2000, notifying the Foreign Exchange Management (Current Account

ডিচে 26, 2002

Minimum balance in savings bank accounts

Ref No. DBOD. Dir. BC. 53/13.10.00/2002-03December 26, 2002All Commercial Banks (excluding RRBs and LABs)Dear Sir,Minimum balance in savings bank accountsReserve Bank of India has not issued any guidelines regarding the minimum balance to be maintained in savings bank accounts. The banks have been prescribing the minimum balance to be maintained taking into consideration the cost involved in maintaining and servicing such accounts and also levying specific charges, if

ডিচে 24, 2002

Resident Foreign Currency (Domestic) Account –Facility for Resident Individuals
A.P.(DIR Series) Circular No.64 (December 24, 2002)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001December 24, 2002A.P.(DIR Series) Circular No.64 To All Authorised Dealers in Foreign ExchangeMadam/Sir,Resident Foreign Currency (Domestic) Account – Facility for Resident Individuals Attention of authorised dealers is invited to A.P.(DIR Series) Circular No.53 dated November 23, 2002 and Notification No.FEMA.74/2002-RB dated November 1, 2002, in terms of which residents are permitted to o

ডিচে 14, 2002

Opening of saving bank accounts in
the name of certain bodies / organizations

December 14, 2002Ref No. DBOD. Dir. BC. 51/13.03.00/2002-03All Commercial Banks (excluding RRBs and LABs)Dear Sir,Opening of saving bank accounts in the name of certain bodies / organizationsPlease refer to paragraph 2 of our Circular DBOD No. Dir. BC. 35/13.03.00/2000-01 dated October 17, 2000, permitting banks to open savings bank accounts in the name of Government departments/bodies/agencies in respect of grants/ subsidies released for implementation of various pro

ডিচে 09, 2002

Issue of International Credit Cards to Non-
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.59 (Dec 9, 2002)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001A.P. (DIR Series) Circular No.59December 9, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non- Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs) and the subsequent clarification is

নৱে 25, 2002

Remittance of Foreign Exchange for Miscellaneous purposes

Date: Nov 25, 2002 Remittance of Foreign Exchange for Miscellaneous purposes A.P. (DIR Series) Circular No.54 (November 25, 2002) Reserve Bank Of India Exchange Control Department Central Office Mumbai 400 001A.P. (DIR Series) Circular No.54 November 25, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Remittance of Foreign Exchange for Miscellaneous purposes Attention of authorised dealers is invited to paragraph 3 of A.D. (M.A. Series) Circular No.11 dated

নৱে 23, 2002

Resident Foreign Currency (Domestic)
Account - Facility for Resident Individuals
A.P. (DIR Series) Circular No.53 (November 23, 2002)

Reserve Bank of India Exchange Control Department Central Office, Mumbai 400 001 A.P. (DIR Series) Circular No.53 November 23, 2002 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Resident Foreign Currency (Domestic) Account - Facility for Resident Individuals Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.37 dated November 1, 2002 in terms of which, pending publication of the Notification by the Government, they are required to

নৱে 18, 2002

Increase in release of foreign exchange for private visits abroad
A.P. (DIR Series) Circular No.51 (November 18, 2002)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001A.P.(DIR Series) Circular No.51A.P. (FL/RL Series) Circular No.2 November 18 , 2002ToAll Authorised Persons in Foreign Exchange Madam/Sirs,Increase in release of foreign exchange for private visits abroad In terms of Item No.2 of Schedule III to the Government of India's Notification No.G.S.R.381(E) dated May 3, 2000, Authorised Persons (APs) are required to obtain prior permission of the R

নৱে 06, 2002

Special One-Time Settlement (OTS) Scheme
for Small and Marginal farmers

DBOD.No.BP.BC. 40 /21.05.004/2002-03November 6, 2002 All Scheduled Commercial Banks (excluding RRBs and LABs)Dear Sir,Special One-Time Settlement (OTS) Scheme for Small and Marginal farmers Please refer to our circular DBOD.No. BP.BC. 80/21.04.117/2001-02 dated March 22, 2002 setting out guidelines for special One Time Settlement Scheme for loans up to Rs.50, 000 to small and marginal farmers by public sector banks. In terms of paragraph 2(i) (d) thereof, the guidelin

নৱে 05, 2002

Issue of International Credit Cards to Non-
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.40 (November 5, 2002)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001November 5, 2002A.P. (DIR Series) Circular No.40 To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non- Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs).2. It is clarified that authorise

নৱে 01, 2002

Resident Foreign Currency (Domestic) Account - Facility for Resident Individuals
A.P. (DIR Series) Circular No.37 (November 1, 2002)

Reserve Bank Of India Exchange Control Department Central Office Mumbai 400 001A.P. (DIR Series) Circular No. 37November 1, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Resident Foreign Currency (Domestic) Account - Facility for Resident IndividualsAuthorised Dealers are aware that in terms of Regulation 3(iii) of RBI Notification No.FEMA.11/ 2000-RB dated 3rd May, 2000, residents are allowed to retain up to US$ 2000 or its equivalent in aggregate, prov

অক্টো 18, 2002

Release of Exchange for Private Travel
A.P. (DIR Series) Circular No.31 (October 18, 2002

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001October 18, 2002A.P. (DIR Series) Circular No.31 To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Release of Exchange for Private TravelIn terms of Item 2 of Schedule III to the Government of India’s Notification No.G.S.R. 381(E) dated May 3, 2000, authorised dealers (ADs) are required to obtain prior permission of the Reserve Bank to release foreign exchange exceeding USD 5,000 in o

ছেপ্তে 12, 2002

Liberalisation of Release of Foreign Exchange
for Medical Treatment Abroad
A.P.(DIR Series) Circular No.17 (September 12, 2002)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001A.P.(DIR Series) Circular No.17September 12, 2002To All Authorised Dealers in Foreign Exchange Madam/Sirs,Liberalisation of Release of Foreign Exchange for Medical Treatment Abroad Attention of authorised dealers (ADs) is invited to item No.9 of Schedule III to G.S.R.381(E) dated May 3, 2000 in terms of which they are empowered to release foreign exchange to residents for meeting expenses

আগ 23, 2002

Customer Service - Immediate credit for outstation and
local cheques - enhancement of ceiling

Reserve Bank of India Central Office Department of Banking Operations and Development Centre - 1, World Trade Centre Cuffe Parade, Colaba, Mumbai - 400 005Ref.DBOD.No.Leg.BC. 21 / 09.07.007 / 2002-03August 23, 2002.All scheduled commercial banks (excluding RRBs and LABs)Dear Sir,Customer Service - Immediate credit for outstation and local cheques - enhancement of ceilingPlease refer to our circular DBOD No.BC.181 / 09.07.007 / 99-2000 dated May 29, 2000 advising banks

আগ 16, 2002

Guidelines on "Know Your Customer"
norms and "Cash transactions"

DBOD.AML.BC.18/14.01.001/2002-03August 16, 2002ToThe Chief Executives of All Commercial banks.Dear Sir,Guidelines on "Know Your Customer" norms and "Cash transactions"As part of ‘Know Your Customer’ (KYC) principle, RBI has issued several guidelines relating to identification of depositors and advised the banks to put in place systems and procedures to help control financial frauds, identify money laundering and suspicious activities, and for scrutiny/monitoring of la

জুলাই 18, 2002

Updating Passbooks of customers maintaining
Savings Bank/Current Accounts

UBD.CO.POT.PCB.Cir./ 02 /09.11.00/2002-0318 July 2002 27 Aashadha 1924(S)The Chief Executive Officers of All Primary Urban Co-operative BanksDear Sir/Madam, Updating Passbooks of customers maintaining Savings Bank/Current Accounts---------------------------------------------------------------It has been brought to the notice of the Reserve Bank that in some of the banks where the entries in the Passbooks are made through computers while updating Passbooks, the entries

জুলাই 17, 2002

Transferability of Relief Bonds of earlier series

Ref.No. CO. DT.13.01.272/ /2002-03July 17, 2002The RDs, All Regional Offices State Bank of India & Associates, 18 Nationalised Banks, 4 Private Sector Banks and SCHILDear Sir,Transferability of Relief Bonds of earlier seriesWe advise that the secondary market purchases of bonds of earlier series, issued prior to March 1, 2002 and not matured, are not to be treated as fresh investments and included in the per investor annual limit of Rs. 2 lakh. Accordingly, it wil

জুলাই 15, 2002

Release of Foreign Exchange for Travel outside India

As on July 1, 2002Reserve Bank of India Exchange Control Department Central Office MumbaiEC.CO. PCD.No.3/15.02.76/2002-03July 15, 2002ToAll Authorised Dealers in Foreign Exchange Dear Sirs,Master Circular – Release of Foreign Exchange for Travel outside IndiaAs you are aware Foreign Exchange Management Act, 1999 has been introduced with effect from June 1, 2000. In terms of Section 5 of the Act, any person may sell or draw foreign exchange to and from authorised perso

জুন 27, 2002

Use of Credit Cards
AP (DIR Series) Circular No.53 (June 27, 2002)

Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001AP (DIR Series) Circular No.53June 27, 2002To, All Authorised Dealers in Foreign ExchangeMadam / Sirs,Use of Credit Cards Attention of Authorised Dealers is invited to paragraph 3 of AP(DIR Series) Circular No.19 dated October 30, 2000 clarifying that the term "currency", inter alia, includes Credit Cards, ATM Cards and Debit Cards etc. and all the rules, regulations made and directions iss

এপ্ৰিল 11, 2002

Issue of Smart Cards by banks

DBOD.No.FSC.BC. 88 /24.01.011A/2001-02April 11 , 2002All Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Issue of Smart Cards by banksIn terms of instructions contained in Circular DBOD. No.FSC.BC.123/24.01.019/ 99-2000 dated 12th November 1999 (Annexure I -item 3-Eligibility of Customers), banks were, inter alia, advised to issue smart/ debit cards to their customers having good financial standing and who have maintained the accounts satisfactorily for at least s

এপ্ৰিল 08, 2002

Customer Service - Reversal of Erroneous Debits
Arising on Fraudulent or Other Transactions

DBOD.LEG.BC.86 /09.07.007/2001-02April 8, 2002The Chairman / Chief Executive All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Customer Service - Reversal of Erroneous Debits Arising on Fraudulent or Other TransactionsPlease refer to our circular DBOD.BP.BC. 57/21.01.001/95 dated May 4, 1995 (copy enclosed) advising banks to adhere to the guidelines and procedure for opening and operating deposit accounts to safeguard against unscrupulous persons opening account

ফেব্ৰু 04, 2002

Release of Assets of Deceased Customers to Legal Survivors/Claimants

DBOD.BC.No. 63 /09.07.007/2001-02 February 04, 2002All Commercial Banks (excluding RRBs)Dear Sir.Release of Assets of Deceased Customers to Legal Survivors/ClaimantsPlease refer to our circular DBOD.BC.No. 55/09.07.007/2001-02 dated January 1, 2002 on the captioned subject. In this connection, you are requested to carry out the following amendment in the above circular in the manner set out below, namely,(i) In paragraph 1 -The words "where the amount to the credit of

জানু 01, 2002

Release of Assets of Deceased Customers to
Legal Survivors/Claimants

DBOD. BC.No. 55 /09.07.007/2001-02January 01 , 2002All Commercial Banks (excluding RRBs)Dear Sir,Release of Assets of Deceased Customers to Legal Survivors/ClaimantsIn terms of our circular DBOD BCNo.148/09.07.007/1999-2000 dated March 14,2000, it was advised that banks should not insist upon succession certificate from legal heirs where the amount to the credit of deceased depositors does not exceed Rs.25,000/-.Certain safeguards were stipulated in our Circular DBOD.

ডিচে 22, 2001

One Time Settlement of NPAs- Small Loan Accounts
with sanctioned limits upto RS.25,000/-

BP.BC. 53 / 21.04.117 /2001-02December 22, 2001Chairmen and Managing Directors of all public sector banksDear Sir,One Time Settlement of NPAs- Small Loan Accounts with sanctioned limits upto RS.25,000/-The Hon’ble Finance Minister in his meeting with the CMDs of public sector banks held at New Delhi on November 12, 2001, has indicated that a suitable scheme should be evolved by the banks for recovery of dues pertaining to loans outstanding up to Rs.25,000. Accordingly

নৱে 13, 2001

Release of Foreign Exchange for visits abroad
- Currency Component
A.P.(DIR Series) Circular No. 11

Reserve Bank of India Exchange Control Department Central Office Mumbai - 400 001November 13, 2001A.P.(DIR Series) Circular No. 11 A.P.(FL Series) Circular No. 1To All Authorised Persons in Foreign ExchangeDear Sirs/Madam Release of Foreign Exchange for visits abroad - Currency ComponentAuthorised dealers as well as Full Fledged Money Changers are permitted to sell foreign exchange in the form of foreign currency notes and coins upto US$ 500 or its equivalent to trave

নৱে 07, 2001

Stapling of Note Packets - Removal

Reserve Bank of India Central Office Department of Banking Operations and Development Centre - 1, World Trade Centre Cuffe Parade, Colaba, Mumbai - 400 005November 7, 2001 Kartika 16, 1923(S)DBOD No. Dir. BC. 42/13.03.00/2001-02In exercise of the powers conferred by Section 35A of the Banking Regulations Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in public interest so to do, hereby directs that hereinafter and with immediat

জুলাই 27, 2001

Remittance for participation in lottery etc. schemes
A.P.(DIR Series) Circular No.2 (July 27, 2001)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P.(DIR Series) Circular No.2July 27, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs Remittance for participation in lottery etc. schemes It has come to the notice of the Reserve Bank that certain overseas organisations have been advising individuals in India that they have won prizes in lotteries etc. and that they should arrange to remit some amount in US Dollars, as fees.

মে’ 12, 2001

Credit Card business of banks

FSC.BC.120/24.01.011/2000-01May 12, 2001ToAll Scheduled Commercial Banks (excluding RRBs)Dear Sir,Credit Card business of banksA special study on credit card business of certain banks covering aspects relating to the systems and controls on issue of credit cards and recovery of dues thereunder, was undertaken by us. The study report was circulated to banks for their comments and suggestions. Based on the response received from banks, it has been decided that banks sho

এপ্ৰিল 19, 2001

Interest Rates on Deposits

Reserve Bank of India Central Office Department of Banking Operations and Development Centre - 1, World Trade Centre Cuffe Parade, Colaba, Mumbai - 400 005 April 19, 2001 Chaitra 29,1923(S)DBOD No. Dir BC 104/13.03.00/2000-01 Interest Rates on DepositsIn exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, and in partial modification of its Directive DBOD No. Dir. BC. 46/13.03.00/2000-2001 dated November 4, 2000, the Reserve Ban

ফেব্ৰু 27, 2001

Payment of Balance in Account of the Deceased Customers to Legal Survivors / Claimants

RPCD.CO.No.RF.BC.59/07.28.01/2000-2001 February 27, 2001 All State and Central Co-operative Banks / Regional Rural Banks Dear Sir, Payment of Balance in Account of the Deceased Customers to Legal Survivors / Claimants Please refer to our circular No.RF.BC.09/07.38.01/2000-2001 dated 22 August 2000. 2. In this connection, we clarify that in regard to payment of balances in the accounts of the deceased customers to survivors / claimants the banks may call for succession

জানু 10, 2001

Non - acceptance of Rs.500/- denomination notes

DCM. 300 /08.04.21/2000-2001January 5, 2001The Chairman All Commercial and Co-operative BanksDear Sir,Non - acceptance of Rs.500/- denomination notesIt has been brought to our notice that some bank branches are either not accepting Rs.500/- denomination notes or do so after getting their numbers, etc. listed by the tenderers.2.We would, therefore, like to draw your attention to our letter DCM.No.927/08.06.01/97-98 dated 18th June 1998 and once again clarify that all R