DBOD No.Dir.BC. 64/13.03.00/2000-2001January 03, 2001Pausha 13, 1922(Saka)All Commercial Banks(Including Regional Rural Banks/Local Area Banks)Dear SirPayment of interest on the term deposit of a deceased depositorPlease refer to the paragraph 14 of our Directive DBOD No.Dir.BC.46/13.03.00/ 2000-2001 dated November 4, 2000 and paragraph 9 of our Directive DBOD No.Dir.BC.48/13.03.00/2000-2001 dated November 4, 2000 regarding payment of interest on the deposit account o

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001 A.P. (DIR Series) Circular No.19October 30, 2000ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Foreign Exchange Management Act , 1999 - Foreign Travel Attention of authorised dealers is invited to the Government of India Notification No.GSR.381(E) dated 3rd May 2000 notifying the Foreign Exchange Management (Current Account Transactions) Rules, 2000 in terms of which drawal of exc

RPCD.CO.No.RF.BC.09/07.38.01/2000-2001 August 22, 2000 The Chairman ofAll State and Central Co-operative Banksand Regional Rural banks Dear Sir, Payment of Balance in Accounts of the Deceased Customers to Survivors / Claimants Please refer to our circular RPCD.No.BC.89/07.38.01/94-95 dated 21 December 1994 on the above subject, wherein banks were permitted to fix a limit higher than Rs.25,000/- if they consider it appropriate to settle the claims of survivors / claima

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 023June 1, 2000A.P. (DIR Series) Circular No.1A.P. (F.L. Series) Circular No.1To All authorised persons in Foreign ExchangeForeign Exchange Management Act (FEMA), 1999 Attention of the Full Fledged Money Changers (FFMCs) is invited to para 4 of AD(MA Series) Circular No.11 dated 16th May 2000 wherein it has been indicated that the directions contained therein shall be applicable, mutatis-mutandis

Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & Development Centre - 1, World Trade CentreCuffe Parade, Colaba,Mumbai 400 005DBOD.Dir.BC. 153 /13.03.00/99-2000March 23 , 2000 All Scheduled Commercial Banks(Excluding RRBs)Dear Sirs, Interest Rates on advances against domestic/NRE/FCNR(B) term deposits Please refer to our Directives DBOD.No.Dir.BC.107/13.01.04/99 and 108/13.01.09/99 dated 29 October 1999 in terms of which banks have been given

Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & DevelopmentWorld Trade Centre - I, Cuffe Parade ColabaMumbai-400 005DBOD. Dir.BC. 158 /13.03.00/2000April 1, 2000All Commercial Banks(Including Regional Rural Banks)Dear Sir,Interest Rates on DepositsPlease refer to our directive DBOD.No.Dir.BC.151/C.347/85 dated December 27, 1985, as amended from time to time.2. It has since been decided to reduce the interest rate on domestic and ordinary non-

RPCD.No.RF.BC.71/07.38.01/98-99 February 25, 1999 All State and Central Co-operative Banks Dear Sir, Operation of Bank Accounts by Old/Sick/Incapacitated Customers The question of extending a suitable facility to old/sick/incapacitated bank customers for operation of their bank accounts etc. has been engaging our attention for some time. It has been decided to extend certain facilities to account holders who are sick/old/incapacitated and who are not willing to open a

RPCD.No.DIR.BC.110/07.38.01/96-97 March 5, 1997 All State/Central Co-operative Banks Dear Sir, Interest Rates on Deposits It has been brought to our notice that some banks, while soliciting deposits from the public, have resorted to highlighting only the compounded yield on term deposits without indicating the actual rate of simple interest offered by the bank for the particular period of the deposits. As this is likely to mislead the customers, the banks should in an

RPCD.No.BC.36/07.38.01/96-97 September 10, 1996 The Chief Executive of all State and Central Co-operative Banks Dear Sir, Operation of Safe Deposits Lockers by Customers In an incident which occurred in the recent past, a customer was confined in a locker room of a commercial bank for 72 hours from the Saturday afternoon until Tuesday morning (Monday being a holiday) when the bank was re-opened for business. While no doubt, such instances occur due to non-adherence to

RPCD.No.BC.126/07.38.01/93-94 April 6, 1994 All State Co-operative Banks Central Co-operative Banks Dear Sir, Committee on Customer Service in Banks - Implementation of Recommendations of the Goiporia Committee Please refer to our circular RPCD.No.111/07.38.01/92-93 dated 12th May 1993 in terms of which we have advised banks to implement certain recommendations of the Goiporia Committee on Customer Service in Banks and submit a progress report to our concerned Regiona