Notifications - Banker to Governments and Banks - RBI - Reserve Bank of India
Notifications
Mar 22, 2024
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2023-24)
RBI/2023-24/138 CO.DGBA.GBD.No.S1252/42-01-029/2023-2024 March 22, 2024 All Agency Banks Madam/Dear Sir, Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2023-24) All Government transactions
RBI/2023-24/138 CO.DGBA.GBD.No.S1252/42-01-029/2023-2024 March 22, 2024 All Agency Banks Madam/Dear Sir, Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2023-24) All Government transactions
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Mar 13, 2024
Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files
RBI/2023-24/136 CO.DGBA.GBD.No.S1234/31-12-010/2023-2024 March 13, 2024 All Agency banks Madam / Dear Sir, Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files
RBI/2023-24/136 CO.DGBA.GBD.No.S1234/31-12-010/2023-2024 March 13, 2024 All Agency banks Madam / Dear Sir, Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files
Mar 13, 2024
Reporting and Accounting of Central Government transactions for March 2024
RBI/2023-24/135 DGBA.GBD.No.S1217/42-01-029/2023-2024 March 13, 2024 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions for March 2024
RBI/2023-24/135 DGBA.GBD.No.S1217/42-01-029/2023-2024 March 13, 2024 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions for March 2024
Oct 03, 2023
Status of March 31, 2024 for Government transactions through integration with e-Kuber
RBI/2023-24/65
CO.DGBA.GBD.No.S646/42-01-029/2023-2024
October 03, 2023
All Agency Banks
Madam/Dear Sir,
Status of March 31, 2024 for Government transactions through integration with e-Kuber
The ‘e-Kuber’ which is the Core Banking Solution platform of RBI for Government and other payments does not process any Government transactions on Global holidays (which are 26th January, 15th August, 2nd October, all 2nd and 4th Saturdays of a month and on all Sundays). It is observed that March 31, 2024 falls on a Sunday. The office of Controller General of Accounts, Government of India has advised that in order to account for all the Government transactions relating to receipts and payments in the financial year 2023-24 itself, it has been decided that March 31, 2024 (Sunday) be marked as a working day for the Government transactions so that all the Government transactions through integration with e-Kuber are processed on March 31, 2024 and accounted for in the financial year 2023-24 itself for arriving the cash balance of Government of India as on March 31, 2024.
2. Also, the luggage files from banks for transferring the data related to Government transactions to RBI would also be accepted by e-Kuber system on March 31, 2024 for accounting of the same in the account for the financial year 2023-24.
Yours faithfully
(Indranil Chakraborty)
Chief General Manager
RBI/2023-24/65
CO.DGBA.GBD.No.S646/42-01-029/2023-2024
October 03, 2023
All Agency Banks
Madam/Dear Sir,
Status of March 31, 2024 for Government transactions through integration with e-Kuber
The ‘e-Kuber’ which is the Core Banking Solution platform of RBI for Government and other payments does not process any Government transactions on Global holidays (which are 26th January, 15th August, 2nd October, all 2nd and 4th Saturdays of a month and on all Sundays). It is observed that March 31, 2024 falls on a Sunday. The office of Controller General of Accounts, Government of India has advised that in order to account for all the Government transactions relating to receipts and payments in the financial year 2023-24 itself, it has been decided that March 31, 2024 (Sunday) be marked as a working day for the Government transactions so that all the Government transactions through integration with e-Kuber are processed on March 31, 2024 and accounted for in the financial year 2023-24 itself for arriving the cash balance of Government of India as on March 31, 2024.
2. Also, the luggage files from banks for transferring the data related to Government transactions to RBI would also be accepted by e-Kuber system on March 31, 2024 for accounting of the same in the account for the financial year 2023-24.
Yours faithfully
(Indranil Chakraborty)
Chief General Manager
Jun 14, 2023
Agency Commission for collection of indirect taxes through ICEGATE payment gateway
RBI/2023-24/43 CO.DGBA.GBD.No.S295/31-12-010/2023-2024 June 14, 2023 All Agency banks Madam / Dear Sir Agency Commission for collection of indirect taxes through ICEGATE payment gateway Please refer to Para 21 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 1, 2023 related to claiming of agency commission. 2. Since certain transactions related to collection of indirect taxes through ICEGATE (CEP) paym
RBI/2023-24/43 CO.DGBA.GBD.No.S295/31-12-010/2023-2024 June 14, 2023 All Agency banks Madam / Dear Sir Agency Commission for collection of indirect taxes through ICEGATE payment gateway Please refer to Para 21 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 1, 2023 related to claiming of agency commission. 2. Since certain transactions related to collection of indirect taxes through ICEGATE (CEP) paym
Mar 21, 2023
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2022-23)
RBI/2022-23/186 CO.DGBA.GBD.No.S1490/42-01-029/2022-2023 March 21, 2023 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2022-23) All government transactions done by agency banks for the Financial Year 2022-23 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Gover
RBI/2022-23/186 CO.DGBA.GBD.No.S1490/42-01-029/2022-2023 March 21, 2023 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2022-23) All government transactions done by agency banks for the Financial Year 2022-23 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Gover
Mar 16, 2023
Reporting and Accounting of Central Government transactions for March 2023
RBI/2022-23/184 DGBA.GBD.No.S1469/42-01-029/2022-2023 March 16, 2023 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions for March 2023 Please refer to Circular DGBA.GBD.No.S1422/42-01-029/2021-2022 dated February 24, 2022 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal
RBI/2022-23/184 DGBA.GBD.No.S1469/42-01-029/2022-2023 March 16, 2023 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions for March 2023 Please refer to Circular DGBA.GBD.No.S1422/42-01-029/2021-2022 dated February 24, 2022 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal
Nov 14, 2022
Agency Commission for Direct Tax collection under TIN 2.0 regime
RBI/2022-23/136 CO.DGBA.GBD.No.S957/43-33-005/2022-2023 November 14, 2022 All Agency banks (authorised to collect direct taxes) Madam / Dear Sir Agency Commission for Direct Tax collection under TIN 2.0 regime Please refer to Para 21 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 1, 2022 related to claiming of agency commission. 2. After implementation of TIN 2.0 regime for collection of direct taxes
RBI/2022-23/136 CO.DGBA.GBD.No.S957/43-33-005/2022-2023 November 14, 2022 All Agency banks (authorised to collect direct taxes) Madam / Dear Sir Agency Commission for Direct Tax collection under TIN 2.0 regime Please refer to Para 21 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 1, 2022 related to claiming of agency commission. 2. After implementation of TIN 2.0 regime for collection of direct taxes
Mar 24, 2022
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2021-22)
RBI/2021-2022/186 CO.DGBA.GBD.No.S1595/42-01-029/2021-2022 March 24, 2022 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2021-22) All government transactions done by agency banks for Financial Year 2021-22 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Governm
RBI/2021-2022/186 CO.DGBA.GBD.No.S1595/42-01-029/2021-2022 March 24, 2022 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2021-22) All government transactions done by agency banks for Financial Year 2021-22 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Governm
Feb 24, 2022
Reporting and Accounting of Central Government transactions of March 2022
RBI/2021-22/176 CO.DGBA.GBD.No.S1422/42-01-029/2021-2022 February 24, 2022 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2022 Please refer to Circulars DGBA.GBD.No.S140/42.01.029/2020-21 dated March 18, 2021 and DGBA.GBD.No.S26/42.01.029/2021-22 dated April 7, 2021 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministri
RBI/2021-22/176 CO.DGBA.GBD.No.S1422/42-01-029/2021-2022 February 24, 2022 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2022 Please refer to Circulars DGBA.GBD.No.S140/42.01.029/2020-21 dated March 18, 2021 and DGBA.GBD.No.S26/42.01.029/2021-22 dated April 7, 2021 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministri
Dec 15, 2021
Government Agency Business Arrangement - Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
RBI/2021-22/140 CO.DGBA.GBD.No.S1112/42-01-033/2021-2022 December 15, 2021 All Scheduled Payments Banks and Scheduled Small Finance Banks in India Dear Sir / Madam Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI) Please refer to RBI Circular RBI/2021-22/36; CO.DGBA.GBD.No.S77/42.01.033/2021-22 dated May 10, 2021 on the captioned subject. 2. It has now been decided in consultation with
RBI/2021-22/140 CO.DGBA.GBD.No.S1112/42-01-033/2021-2022 December 15, 2021 All Scheduled Payments Banks and Scheduled Small Finance Banks in India Dear Sir / Madam Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI) Please refer to RBI Circular RBI/2021-22/36; CO.DGBA.GBD.No.S77/42.01.033/2021-22 dated May 10, 2021 on the captioned subject. 2. It has now been decided in consultation with
Aug 02, 2021
Maintenance of State Government Accounts - Recovery of Interest on Excess put through/ Double claim (State Government Transactions)
RBI/2021-22/75DGBA.GBD.No.S391/42.01.011/2021-22 August 02, 2021 The Chairman and Managing Directors/ Managing Director/ CEOAll Agency Banks Dear Sir / Madam Maintenance of State Government Accounts – Recovery of Interest on Excess put through/ Double claim (State Government Transactions) Please refer to our circular RBI/2007/291 DGBA.GAD.No.H-14061/31.04.008/2006-07 dated March 21, 2007 vide which partial modifications were done in the para 5.11 of the "Memorandum of
RBI/2021-22/75DGBA.GBD.No.S391/42.01.011/2021-22 August 02, 2021 The Chairman and Managing Directors/ Managing Director/ CEOAll Agency Banks Dear Sir / Madam Maintenance of State Government Accounts – Recovery of Interest on Excess put through/ Double claim (State Government Transactions) Please refer to our circular RBI/2007/291 DGBA.GAD.No.H-14061/31.04.008/2006-07 dated March 21, 2007 vide which partial modifications were done in the para 5.11 of the "Memorandum of
May 10, 2021
Government Agency Business Arrangement - Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
RBI/2021-22/36 CO.DGBA.GBD.No.S77/42.01.033/2021-22 May 10, 2021 All Scheduled Commercial Banks in India Dear Sir / Madam Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI) Please refer to RBI Circular RBI/2011-2012/377; DGBA.GAD.No.H-5029/42.01.033/2011-12 dated January 31, 2012 on the captioned subject. 2. In this regard it is informed that the embargo put in place from September 2012
RBI/2021-22/36 CO.DGBA.GBD.No.S77/42.01.033/2021-22 May 10, 2021 All Scheduled Commercial Banks in India Dear Sir / Madam Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI) Please refer to RBI Circular RBI/2011-2012/377; DGBA.GAD.No.H-5029/42.01.033/2011-12 dated January 31, 2012 on the captioned subject. 2. In this regard it is informed that the embargo put in place from September 2012
Apr 07, 2021
Reporting and Accounting of Central Government transactions of March 2021 - Change of date of closure
RBI/2021-22/18 DGBA.GBD.No.S26/42.01.029/2021-22 April 07, 2021 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2021 – Change of date of closure Please refer Circular DGBA.GBD.No.S-140/42.01.029/2020-21 dated March 18, 2021 where in the date of closure for reporting residual transactions of March 2021 was fixed as April 10, 2021. 2. On account of holidays on April 10 and 11, 2021 (second Saturday and Sunday respect
RBI/2021-22/18 DGBA.GBD.No.S26/42.01.029/2021-22 April 07, 2021 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2021 – Change of date of closure Please refer Circular DGBA.GBD.No.S-140/42.01.029/2020-21 dated March 18, 2021 where in the date of closure for reporting residual transactions of March 2021 was fixed as April 10, 2021. 2. On account of holidays on April 10 and 11, 2021 (second Saturday and Sunday respect
Mar 25, 2021
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2020-21)
RBI/2020-21/112 DGBA.GBD.No.S212/42.01.029/2020-21 March 25, 2021 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2020-21) All government transactions done by agency banks for Financial Year 2020-21 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Government tran
RBI/2020-21/112 DGBA.GBD.No.S212/42.01.029/2020-21 March 25, 2021 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2020-21) All government transactions done by agency banks for Financial Year 2020-21 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Government tran
Mar 18, 2021
Reporting and Accounting of Central Government transactions of March 2021
RBI/2020-21/108 DGBA.GBD.No.S-140/42.01.029/2020-21 March 18, 2021 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2021 Please refer to Circular DGBA.GBD.No.1744/42.01.029/2019-20 dated March 17, 2020 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal Point bra
RBI/2020-21/108 DGBA.GBD.No.S-140/42.01.029/2020-21 March 18, 2021 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2021 Please refer to Circular DGBA.GBD.No.1744/42.01.029/2019-20 dated March 17, 2020 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal Point bra
Jan 21, 2021
Withdrawal of circulars - on Recovery of excess pension made to pensioners
RBI/2020-21/84 DGBA.GBD.No.SUO 546/45.01.001/2020-21 January 21, 2021 The Chairman / Chief Executive Officer All Agency Banks Dear Sir, Withdrawal of circulars - on Recovery of excess pension made to pensioners It has been brought to the notice of RBI that the recovery of excess /wrong pension payments from the pensioners are being made in a manner that is not in keeping with the extant guidelines / Court orders. 2. This issue has been examined by RBI and it has been
RBI/2020-21/84 DGBA.GBD.No.SUO 546/45.01.001/2020-21 January 21, 2021 The Chairman / Chief Executive Officer All Agency Banks Dear Sir, Withdrawal of circulars - on Recovery of excess pension made to pensioners It has been brought to the notice of RBI that the recovery of excess /wrong pension payments from the pensioners are being made in a manner that is not in keeping with the extant guidelines / Court orders. 2. This issue has been examined by RBI and it has been
May 29, 2020
Recovery of Penal Interest on delayed remittance of Government Receipts into Government Account
RBI/2019-20/248 DGBA.GBD.No.1909/42.01.011/2019-20 May 29, 2020 The Chairman and Managing Directors/ Managing Director/ CEO All Agency Banks Dear Sir / Madam Recovery of Penal Interest on delayed remittance of Government Receipts into Government Account Please refer to our circular RBI/2019-20/70 DGBA.GBD.No.653/42.01.011/2019-20 dated September 26, 2019 through which agency banks were advised that petty claims of penal interest involving an amount of ₹ 500/- (on per
RBI/2019-20/248 DGBA.GBD.No.1909/42.01.011/2019-20 May 29, 2020 The Chairman and Managing Directors/ Managing Director/ CEO All Agency Banks Dear Sir / Madam Recovery of Penal Interest on delayed remittance of Government Receipts into Government Account Please refer to our circular RBI/2019-20/70 DGBA.GBD.No.653/42.01.011/2019-20 dated September 26, 2019 through which agency banks were advised that petty claims of penal interest involving an amount of ₹ 500/- (on per
Mar 27, 2020
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2019-20)
RBI/2019-20/194 DGBA.GBD.No.1799/42.01.029/2019-20 March 27, 2020 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2019-20) All government transactions done by agency banks for Financial Year 2019-20 must be accounted for within the same financial year. Taking into account the current unprecedented situation across the country to tackle the Covid-19
RBI/2019-20/194 DGBA.GBD.No.1799/42.01.029/2019-20 March 27, 2020 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2019-20) All government transactions done by agency banks for Financial Year 2019-20 must be accounted for within the same financial year. Taking into account the current unprecedented situation across the country to tackle the Covid-19
Mar 17, 2020
Reporting and Accounting of Central Government Transactions of March 2020
RBI/2019-20/173 DGBA.GBD.No.1744/42.01.029/2019-20 March 17, 2020 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2020 Please refer to Circular DGBA.GBD.No.2394/42.01.029/2018-19 dated March 20, 2019 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalised Ministries and non-Civil Ministries) at the Receiving/Nodal/Focal Point br
RBI/2019-20/173 DGBA.GBD.No.1744/42.01.029/2019-20 March 17, 2020 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2020 Please refer to Circular DGBA.GBD.No.2394/42.01.029/2018-19 dated March 20, 2019 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalised Ministries and non-Civil Ministries) at the Receiving/Nodal/Focal Point br
Dec 12, 2019
RBI Master Circular on Collection of Direct Tax - OLTAS
RBI/2019-20/113 DGBA.GBD.No.1141/42.01.034/2019-20 December 12, 2019 To All Agency Banks Dear Sir/ Madam RBI Master Circular on Collection of Direct Tax – OLTAS Please refer to our Circular DGBA.GAD.No.458/42.01.034/2016-17 dated August 25, 2016 and DGBA.GAD.No.910/42.01.034/2016-17 dated October 14, 2016, on Collection of Direct Taxes, wherein it was clarified that only the Master Circular on OLTAS which consolidates instructions on the subject issued by Reserve Bank
RBI/2019-20/113 DGBA.GBD.No.1141/42.01.034/2019-20 December 12, 2019 To All Agency Banks Dear Sir/ Madam RBI Master Circular on Collection of Direct Tax – OLTAS Please refer to our Circular DGBA.GAD.No.458/42.01.034/2016-17 dated August 25, 2016 and DGBA.GAD.No.910/42.01.034/2016-17 dated October 14, 2016, on Collection of Direct Taxes, wherein it was clarified that only the Master Circular on OLTAS which consolidates instructions on the subject issued by Reserve Bank
Sep 26, 2019
Recovery of Interest on delayed remittance of Government Receipts into Government Account
RBI/2019-20/70 DGBA.GBD.No.653/42.01.011/2019-20 September 26, 2019 The Chairman and Managing Directors/Managing Director/CEO All Agency Banks Dear Sir / Madam Recovery of Interest on delayed remittance of Government Receipts into Government Account Please refer to our circular DGBA.GAD.No.H-4831/42.01.011/2012-13 dated February 13, 2013 wherein, in order to bring uniformity in the procedure of reporting both central and State government transactions to Reserve Bank,
RBI/2019-20/70 DGBA.GBD.No.653/42.01.011/2019-20 September 26, 2019 The Chairman and Managing Directors/Managing Director/CEO All Agency Banks Dear Sir / Madam Recovery of Interest on delayed remittance of Government Receipts into Government Account Please refer to our circular DGBA.GAD.No.H-4831/42.01.011/2012-13 dated February 13, 2013 wherein, in order to bring uniformity in the procedure of reporting both central and State government transactions to Reserve Bank,
Sep 26, 2019
Remittance of government receipts (physical receipts) to Government account
RBI/2019-20/71 DGBA.GBD.No.661/42.01.011/2019-20 September 26, 2019 All Agency Banks Dear Sir / Madam Remittance of government receipts (physical receipts) to Government account Please refer to the Office Memorandum No. S-11012/1(31)/AC(22)/2015/RBD/332-424 dated March 9, 2016 issued by Office of Controller General of Accounts, Ministry of Finance (copy enclosed) along with our Circulars DGBA.GAD.No.H-11763/42.01.011/2006-07 dated January 24, 2007, DGBA.GAD.No.H-7790/
RBI/2019-20/71 DGBA.GBD.No.661/42.01.011/2019-20 September 26, 2019 All Agency Banks Dear Sir / Madam Remittance of government receipts (physical receipts) to Government account Please refer to the Office Memorandum No. S-11012/1(31)/AC(22)/2015/RBD/332-424 dated March 9, 2016 issued by Office of Controller General of Accounts, Ministry of Finance (copy enclosed) along with our Circulars DGBA.GAD.No.H-11763/42.01.011/2006-07 dated January 24, 2007, DGBA.GAD.No.H-7790/
Sep 25, 2019
Agency Commission- Furnishing reconciliation certificate
RBI/2019-20/69 DGBA.GBD.No.648/31.12.007/2019-20 September 25, 2019 All Agency Banks Dear Sir / Madam Agency Commission- Furnishing reconciliation certificate Please refer to our Circular No RBI/2019-20/21 DGBA.GBD.No.5/31.02.007/2019-20 dated July 31, 2019 related to claiming of agency commission based on which agency banks are submitting two certificates to RBI along with the agency commission claims. 2. It is now been decided that agency banks while claiming agency
RBI/2019-20/69 DGBA.GBD.No.648/31.12.007/2019-20 September 25, 2019 All Agency Banks Dear Sir / Madam Agency Commission- Furnishing reconciliation certificate Please refer to our Circular No RBI/2019-20/21 DGBA.GBD.No.5/31.02.007/2019-20 dated July 31, 2019 related to claiming of agency commission based on which agency banks are submitting two certificates to RBI along with the agency commission claims. 2. It is now been decided that agency banks while claiming agency
Jul 31, 2019
Agency Commission- Furnishing reconciliation certificate
RBI/2019-20/21 DGBA.GBD.No.5/31.02.007/2019-20 July 31, 2019 All Agency Banks Dear Sir / Madam Agency Commission- Furnishing reconciliation certificate Please refer to Para 19 and 20 of our Master Circular on ‘Conduct of Government Business by Agency Banks - Payment of Agency Commission’ dated July 02, 2018 related to claiming of agency commission based on which agency banks are submitting two certificates to RBI along with the agency commission claims. 2. It has now
RBI/2019-20/21 DGBA.GBD.No.5/31.02.007/2019-20 July 31, 2019 All Agency Banks Dear Sir / Madam Agency Commission- Furnishing reconciliation certificate Please refer to Para 19 and 20 of our Master Circular on ‘Conduct of Government Business by Agency Banks - Payment of Agency Commission’ dated July 02, 2018 related to claiming of agency commission based on which agency banks are submitting two certificates to RBI along with the agency commission claims. 2. It has now
Jun 20, 2019
Rationalisation and Revision of Agency Commission Payable to Banks on Government Transactions
RBI/2018-19/219 DGBA.GBD.No.3144/31.02.007/2018-19 June 20, 2019 All agency banks Sir/Madam Rationalisation and Revision of Agency Commission Payable to Banks on Government Transactions A reference is invited to our circular DGBA.GAD.No.7575/31.12.011/2011-12 dated May 22, 2012 advising revision in the rates of agency commission payable to agency banks with effect from July 01, 2012. 2. Since then, there has not only been an expansion in volume and value of government
RBI/2018-19/219 DGBA.GBD.No.3144/31.02.007/2018-19 June 20, 2019 All agency banks Sir/Madam Rationalisation and Revision of Agency Commission Payable to Banks on Government Transactions A reference is invited to our circular DGBA.GAD.No.7575/31.12.011/2011-12 dated May 22, 2012 advising revision in the rates of agency commission payable to agency banks with effect from July 01, 2012. 2. Since then, there has not only been an expansion in volume and value of government
Jun 20, 2019
Discontinuation of the requirement of Paper to Follow (P2F) for State Government Cheques
RBI/2018-19/216 DGBA.GBD.No.3136/42.01.035/2018-2019 June 20, 2019 The Chairman and Managing Director/ The Chief Executive Officer All Agency Banks Madam / Dear Sir, Discontinuation of the requirement of Paper to Follow (P2F) for State Government Cheques With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment of cheques without their physical
RBI/2018-19/216 DGBA.GBD.No.3136/42.01.035/2018-2019 June 20, 2019 The Chairman and Managing Director/ The Chief Executive Officer All Agency Banks Madam / Dear Sir, Discontinuation of the requirement of Paper to Follow (P2F) for State Government Cheques With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment of cheques without their physical
Jun 13, 2019
Scheme for Reimbursement of MDR- withdrawal of RBI circulars
RBI/2018-19/210 DGBA.GBD.No.3089/43.33.001/2018-19 June 13, 2019 To All Acquiring Banks of Debit Card/ BHIM UPI/ BHIM Aadhaar Pay transactions Dear Sir Scheme for Reimbursement of MDR- withdrawal of RBI circulars Please refer to our following instructions on the MDR reimbursement schemes: Circular no. RBI/2016-17/228 DGBA.GAD.No.2128/44.02.001/2016-17 dated February 16, 2017 Circular no. RBI/2017-18/55 DGBA.GBD.No.505/31.02.007/2017-18 dated September 7, 2017 Letter n
RBI/2018-19/210 DGBA.GBD.No.3089/43.33.001/2018-19 June 13, 2019 To All Acquiring Banks of Debit Card/ BHIM UPI/ BHIM Aadhaar Pay transactions Dear Sir Scheme for Reimbursement of MDR- withdrawal of RBI circulars Please refer to our following instructions on the MDR reimbursement schemes: Circular no. RBI/2016-17/228 DGBA.GAD.No.2128/44.02.001/2016-17 dated February 16, 2017 Circular no. RBI/2017-18/55 DGBA.GBD.No.505/31.02.007/2017-18 dated September 7, 2017 Letter n
Mar 26, 2019
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2018-19)
RBI/2018-19/149 DGBA.GBD.No.2430/42.01.029/2018-19 March 26, 2019 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2018-19) The Government of India has desired that all government transactions done by agency banks for Financial Year 2018-19 must be accounted for within the same financial year and has requested that, as in previous years, certain spec
RBI/2018-19/149 DGBA.GBD.No.2430/42.01.029/2018-19 March 26, 2019 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2018-19) The Government of India has desired that all government transactions done by agency banks for Financial Year 2018-19 must be accounted for within the same financial year and has requested that, as in previous years, certain spec
Mar 20, 2019
Reporting and Accounting of Central Government Transactions of March 2019
RBI/2018-19/143 DGBA.GBD.No.2394/42.01.029/2018-19 March 20, 2019 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2019 Please refer to Circular DGBA.GBD.No.2324/42.01.029/2017-18 dated March 19, 2018 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBEC, Departmentalised Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal Point br
RBI/2018-19/143 DGBA.GBD.No.2394/42.01.029/2018-19 March 20, 2019 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2019 Please refer to Circular DGBA.GBD.No.2324/42.01.029/2017-18 dated March 19, 2018 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBEC, Departmentalised Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal Point br
Dec 06, 2018
Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2018
RBI/2018-19/88 DGBA.GBD.No.1397/15.01.001/2018-19 December 6, 2018The Chairman/Managing Director/Chief Executive Officer/ Agency Banks Handling the Special Deposit Scheme 1975 Dear Sir Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2018 We want to inform that gazette notifications related to interest rates for SDS 1975 are available in Government of India website viz. egazette.nic.in which can be perused for guidance. You may please ensure tha
RBI/2018-19/88 DGBA.GBD.No.1397/15.01.001/2018-19 December 6, 2018The Chairman/Managing Director/Chief Executive Officer/ Agency Banks Handling the Special Deposit Scheme 1975 Dear Sir Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2018 We want to inform that gazette notifications related to interest rates for SDS 1975 are available in Government of India website viz. egazette.nic.in which can be perused for guidance. You may please ensure tha
Jul 19, 2018
Interest rates for Small Savings Schemes
RBI/2018-19/22 DGBA.GBD.123/15.02.005/2018-19@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ July 19, 2018 The Chairman/Chief Executive OfficerAgency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.2573/15.02.005/2017-18 dated April 12, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated July 2, 2018 has stated that the interest rates on Small
RBI/2018-19/22 DGBA.GBD.123/15.02.005/2018-19@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ July 19, 2018 The Chairman/Chief Executive OfficerAgency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.2573/15.02.005/2017-18 dated April 12, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated July 2, 2018 has stated that the interest rates on Small
Jul 12, 2018
Period for Submission of Agency Commission Claims
RBI/2018-19/16 DGBA.GBD.No.87/31.02.007/2018-19 July 12, 2018 All Agency Banks Dear Sir Period for Submission of Agency Commission Claims Please refer to our circular no.DGBA.GBD.N0.3262/31.02.007/2016-17 dated June 15, 2017 through which all agency banks were advised to submit their agency commission claims to the Reserve Bank of India within 90 days from the end of the quarter during which the transactions have been conducted. 2. It has been observed that agency ban
RBI/2018-19/16 DGBA.GBD.No.87/31.02.007/2018-19 July 12, 2018 All Agency Banks Dear Sir Period for Submission of Agency Commission Claims Please refer to our circular no.DGBA.GBD.N0.3262/31.02.007/2016-17 dated June 15, 2017 through which all agency banks were advised to submit their agency commission claims to the Reserve Bank of India within 90 days from the end of the quarter during which the transactions have been conducted. 2. It has been observed that agency ban
Jun 21, 2018
Customer Service provided by agency banks
RBI/2017-18/205 DGBA.GBD.No.3214/45.01.001/2017-18 June 21, 2018 All Agency Banks (dealing with pension payments) Dear Sir / Madam Customer Service provided by agency banks Please refer to our circular no.DGBA.GAD.H-3085/45.01.001/2008-09 dated October 1, 2008 on the captioned subject. 2. We are receiving complaints from various quarters that pensioners are not being treated with due consideration by bank officials, specifically the old pensioners, when they come to t
RBI/2017-18/205 DGBA.GBD.No.3214/45.01.001/2017-18 June 21, 2018 All Agency Banks (dealing with pension payments) Dear Sir / Madam Customer Service provided by agency banks Please refer to our circular no.DGBA.GAD.H-3085/45.01.001/2008-09 dated October 1, 2008 on the captioned subject. 2. We are receiving complaints from various quarters that pensioners are not being treated with due consideration by bank officials, specifically the old pensioners, when they come to t
Apr 12, 2018
Interest rates for Small Savings Schemes
RBI/2017-18/160 DGBA.GBD. 2573/15.02.005/2017-18 April 12, 2018 The Chairman/Chief Executive Officer Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.1781/15.02.005/2017-18 dated January 11, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated March 28, 2018 has stated that the interest rates on Small Savings Schemes for th
RBI/2017-18/160 DGBA.GBD. 2573/15.02.005/2017-18 April 12, 2018 The Chairman/Chief Executive Officer Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.1781/15.02.005/2017-18 dated January 11, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated March 28, 2018 has stated that the interest rates on Small Savings Schemes for th
Mar 27, 2018
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2017-18)
RBI/2017-18/144 DGBA.GBD.No.2388/42.01.029/2017-18 March 27, 2018 All agency banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18) The Government of India has desired that all government transactions with banks for Financial Year 2017-18 must be accounted for within the same financial year and has requested that, as in previous years, certain special arrang
RBI/2017-18/144 DGBA.GBD.No.2388/42.01.029/2017-18 March 27, 2018 All agency banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18) The Government of India has desired that all government transactions with banks for Financial Year 2017-18 must be accounted for within the same financial year and has requested that, as in previous years, certain special arrang
Mar 19, 2018
Reporting and Accounting of Central Government Transactions of March 2018
RBI/2017-18/142 DGBA.GBD.No.2324/42.01.029/2017-18 March 19, 2018 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2018 Please refer to Circular DGBA.GAD.No. 2376/42.01.029/2016-17 dated March 16, 2017 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBEC, departmentalised ministries and non-Civil Ministries) at the Receiving/Nodal/Focal Point b
RBI/2017-18/142 DGBA.GBD.No.2324/42.01.029/2017-18 March 19, 2018 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2018 Please refer to Circular DGBA.GAD.No. 2376/42.01.029/2016-17 dated March 16, 2017 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBEC, departmentalised ministries and non-Civil Ministries) at the Receiving/Nodal/Focal Point b
Mar 15, 2018
Agency commission payable to banks for operating Special Deposit Scheme (SDS)
RBI/2017-18/140 DGBA.GBD.2294/15.01.001/2017-18 March 15, 2018 All Agency Banks handling Special Deposit Scheme Dear Sir, Agency commission payable to banks for operating Special Deposit Scheme (SDS) Please refer to para 2 of our Master Circular RBI/2017-18/2 dated July 1, 2017 on Conduct of Government Business by Agency Banks- Payment of Agency Commission where in it is mentioned that SDS transactions undertaken by agency banks are eligible for agency commission. 2.
RBI/2017-18/140 DGBA.GBD.2294/15.01.001/2017-18 March 15, 2018 All Agency Banks handling Special Deposit Scheme Dear Sir, Agency commission payable to banks for operating Special Deposit Scheme (SDS) Please refer to para 2 of our Master Circular RBI/2017-18/2 dated July 1, 2017 on Conduct of Government Business by Agency Banks- Payment of Agency Commission where in it is mentioned that SDS transactions undertaken by agency banks are eligible for agency commission. 2.
Feb 01, 2018
Small Saving Schemes - Payment of Agency Commission
RBI/2017-18/127 DGBA.GBD.No.1972/15.02.005/2017-18 February 01, 2018 All Agency Banks handling Small Saving Schemes Dear Sir / Madam Small Saving Schemes – Payment of Agency Commission Please refer to Government of India Notification F. No. 7/10/2014-NS dated October 10, 2017, wherein, all Public Sector Banks, ICICI Bank Ltd., Axis Bank Ltd., and HDFC Bank Ltd., were authorised to receive subscriptions under National Saving Time Deposit Scheme, 1981, National Saving (
RBI/2017-18/127 DGBA.GBD.No.1972/15.02.005/2017-18 February 01, 2018 All Agency Banks handling Small Saving Schemes Dear Sir / Madam Small Saving Schemes – Payment of Agency Commission Please refer to Government of India Notification F. No. 7/10/2014-NS dated October 10, 2017, wherein, all Public Sector Banks, ICICI Bank Ltd., Axis Bank Ltd., and HDFC Bank Ltd., were authorised to receive subscriptions under National Saving Time Deposit Scheme, 1981, National Saving (
Jan 11, 2018
Interest rates for Small Savings Schemes
RBI/2017-18/120 DGBA.GBD.1781/15.02.005/2017-18 January 11, 2018 All Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated December 27, 2017 advised the rate of interest on various small savings schemes for the fourth quarter of the fina
RBI/2017-18/120 DGBA.GBD.1781/15.02.005/2017-18 January 11, 2018 All Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated December 27, 2017 advised the rate of interest on various small savings schemes for the fourth quarter of the fina
Dec 21, 2017
Prompt implementation of Governments’ instructions by agency banks
RBI/2017-18/111 DGBA.GBD/1616/15.02.005/2017-18 December 21, 2017 All Agency Banks Dear Sir / Madam, Prompt implementation of Governments’ instructions by agency banks It is brought to our notice that some agency banks are not adhering to instructions/ notifications issued by Government (Central as well as States) promptly by stating that further communications have not been received by them from RBI. 2. In this connection, all agency banks are advised to scrupulously
RBI/2017-18/111 DGBA.GBD/1616/15.02.005/2017-18 December 21, 2017 All Agency Banks Dear Sir / Madam, Prompt implementation of Governments’ instructions by agency banks It is brought to our notice that some agency banks are not adhering to instructions/ notifications issued by Government (Central as well as States) promptly by stating that further communications have not been received by them from RBI. 2. In this connection, all agency banks are advised to scrupulously
Dec 07, 2017
Settlement of Agency transactions in certain cases (for Funds and Agency Commission) directly from Reserve Bank of India
RBI/2017-18/107 DGBA.GBD.No-1498/31.02.007/2017-18 December 7, 2017 The Chairman/ Managing Director/ Chief Executive Officer/ Agency Banks Dear Sir/ Madam Settlement of Agency transactions in certain cases (for Funds and Agency Commission) directly from Reserve Bank of India As per the existing arrangements in certain states, in certain cases, some agency banks are routing their agency transactions of state governments through another agency bank, that acts as an aggr
RBI/2017-18/107 DGBA.GBD.No-1498/31.02.007/2017-18 December 7, 2017 The Chairman/ Managing Director/ Chief Executive Officer/ Agency Banks Dear Sir/ Madam Settlement of Agency transactions in certain cases (for Funds and Agency Commission) directly from Reserve Bank of India As per the existing arrangements in certain states, in certain cases, some agency banks are routing their agency transactions of state governments through another agency bank, that acts as an aggr
Nov 30, 2017
Reporting of Transactions by agency banks to RBI
RBI/2017-18/103 DGBA.GBD.1472/31.02.007/2017-18 November 30, 2017 All Agency Banks Dear Sir Reporting of Transactions by agency banks to RBI It has been brought to our notice that some agency banks are reporting government transactions after considerable delay and along with the current transactions to RBI, without taking necessary authorisation from the concerned government departments. 2. As per the extant instructions, state government transactions (electronic as w
RBI/2017-18/103 DGBA.GBD.1472/31.02.007/2017-18 November 30, 2017 All Agency Banks Dear Sir Reporting of Transactions by agency banks to RBI It has been brought to our notice that some agency banks are reporting government transactions after considerable delay and along with the current transactions to RBI, without taking necessary authorisation from the concerned government departments. 2. As per the extant instructions, state government transactions (electronic as w
Nov 23, 2017
Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2017
RBI/2017-18/100 DGBA.GBD.No.1387/15.01.001/2017-18 November 23, 2017 The Chairman/Managing Director/Chief Executive Officer/ Agency Banks Handling the Special Deposit Scheme 1975 Dear Sir Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2017 We want to inform that gazette notifications related to interest rates for SDS 1975 are available in Government of India website viz. egazette.nic.in which can be perused for guidance. You may please ensure
RBI/2017-18/100 DGBA.GBD.No.1387/15.01.001/2017-18 November 23, 2017 The Chairman/Managing Director/Chief Executive Officer/ Agency Banks Handling the Special Deposit Scheme 1975 Dear Sir Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2017 We want to inform that gazette notifications related to interest rates for SDS 1975 are available in Government of India website viz. egazette.nic.in which can be perused for guidance. You may please ensure
Nov 16, 2017
Agency Commission for GST receipt transactions
RBI/2017-18/95 DGBA.GBD.No.1324/31.02.007/2017-18 November 16, 2017 All Agency Banks Dear Sir / Madam Agency Commission for GST receipt transactions Please refer to Para 15 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated July 01, 2017 related to claiming of agency commission. 2. After implementation of GST framework, it was decided to modify paragraph 15 of the captioned Master Circular. The modified paragr
RBI/2017-18/95 DGBA.GBD.No.1324/31.02.007/2017-18 November 16, 2017 All Agency Banks Dear Sir / Madam Agency Commission for GST receipt transactions Please refer to Para 15 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated July 01, 2017 related to claiming of agency commission. 2. After implementation of GST framework, it was decided to modify paragraph 15 of the captioned Master Circular. The modified paragr
Oct 17, 2017
Gold Monetisation Scheme, 2015
RBI/2017-18/79 DGBA.GBD.No.1007/15.04.001/2017-18 October 17, 2017 All Agency Banks Dear Sir/Madam Gold Monetisation Scheme, 2015 Please refer to DGBA circular DGBA.GAD.No.2294/15.04.001/2016-17 dated March 6, 2017 read with RBI Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015 (updated up to March 31, 2016) on the above subject. 2. It has been decided that reimbursement of payments made by banks, relating to Medium and Long Term Government De
RBI/2017-18/79 DGBA.GBD.No.1007/15.04.001/2017-18 October 17, 2017 All Agency Banks Dear Sir/Madam Gold Monetisation Scheme, 2015 Please refer to DGBA circular DGBA.GAD.No.2294/15.04.001/2016-17 dated March 6, 2017 read with RBI Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015 (updated up to March 31, 2016) on the above subject. 2. It has been decided that reimbursement of payments made by banks, relating to Medium and Long Term Government De
Oct 12, 2017
Interest rates for Small Savings Schemes
RBI/2017-18/74 DGBA.GBD.954/15.02.005/2017-18 October 12, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.69/15.02.005/2017-18 dated July 13, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS date
RBI/2017-18/74 DGBA.GBD.954/15.02.005/2017-18 October 12, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.69/15.02.005/2017-18 dated July 13, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS date
Sep 07, 2017
Reimbursement of Merchant Discount Rate (MDR) Charges for Government transactions up to Rs.1 lakh through debit cards
RBI/2017-18/55 DGBA.GBD.No.505/31.02.007/2017-18 September 7, 2017 All Agency Banks Dear Sir / Madam Reimbursement of Merchant Discount Rate (MDR) Charges for Government transactions up to Rs.1 lakh through debit cards Please refer to Circular No. DGBA.GAD.No.2128/44.02.001/2016-17 dated February 16, 2017, read with the OM No. S-11012(1(12)/MDR/2017/RBD/824-894 dated May 11, 2017 issued by O/o the CGA and our clarificatory mail dated May 23, 2017 regarding the reimbur
RBI/2017-18/55 DGBA.GBD.No.505/31.02.007/2017-18 September 7, 2017 All Agency Banks Dear Sir / Madam Reimbursement of Merchant Discount Rate (MDR) Charges for Government transactions up to Rs.1 lakh through debit cards Please refer to Circular No. DGBA.GAD.No.2128/44.02.001/2016-17 dated February 16, 2017, read with the OM No. S-11012(1(12)/MDR/2017/RBD/824-894 dated May 11, 2017 issued by O/o the CGA and our clarificatory mail dated May 23, 2017 regarding the reimbur
Aug 03, 2017
Government Banking - Issue of Letters of Credit and Bank Guarantee
RBI/2017-18/39 DGBA.GBD.No.279/31.02.007/2017-18 August 3, 2017 All Agency Banks Dear Sir / Madam Government Banking - Issue of Letters of Credit and Bank Guarantee Please refer to Circular No. DGBA.GAD.No.H.6254/31.03.002/2011-12 dated March 28, 2012 regarding procedure relating to Letter of Credit (LC) enclosing a copy of letter dated November 30, 2011 issued by the Office of Controller General of Account. 2. A review has been undertaken on the entire gamut of LC/BG
RBI/2017-18/39 DGBA.GBD.No.279/31.02.007/2017-18 August 3, 2017 All Agency Banks Dear Sir / Madam Government Banking - Issue of Letters of Credit and Bank Guarantee Please refer to Circular No. DGBA.GAD.No.H.6254/31.03.002/2011-12 dated March 28, 2012 regarding procedure relating to Letter of Credit (LC) enclosing a copy of letter dated November 30, 2011 issued by the Office of Controller General of Account. 2. A review has been undertaken on the entire gamut of LC/BG
Jul 13, 2017
Interest rates for Small Savings Schemes
RBI/2017-18/22 DGBA.GBD. 69/15.02.005/2017-18 July 13, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.2618/15.02.005/2016-17 dated April 6, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated
RBI/2017-18/22 DGBA.GBD. 69/15.02.005/2017-18 July 13, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.2618/15.02.005/2016-17 dated April 6, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated
Jun 29, 2017
Conduct of Government Business by Agency Banks - Payment of Agency Commission
RBI/2016-17/330DGBA.GBD.No.3364/31.02.007/2016-17 June 29, 2017 All Agency Banks Dear Sir / Madam, Conduct of Government Business by Agency Banks – Payment of Agency Commission Please refer to Circular No.DGBA.GAD.617/31.12.010 (C)/2015-16 dated August 13, 2015 on the captioned subject, wherein government transactions not eligible for agency commission are discussed. 2. In partial modification to the above circular, it is clarified that the following activities do not
RBI/2016-17/330DGBA.GBD.No.3364/31.02.007/2016-17 June 29, 2017 All Agency Banks Dear Sir / Madam, Conduct of Government Business by Agency Banks – Payment of Agency Commission Please refer to Circular No.DGBA.GAD.617/31.12.010 (C)/2015-16 dated August 13, 2015 on the captioned subject, wherein government transactions not eligible for agency commission are discussed. 2. In partial modification to the above circular, it is clarified that the following activities do not
Jun 22, 2017
Payment of agency commission for government receipts
RBI/2016-17/327 DGBA.GBD.No.3333/31.02.007/2016-17 June 22, 2017 All Agency Banks Dear Sir / Madam Payment of agency commission for government receipts Please refer to Circular No. DGBA.GAD.7575/31.12.011/2011-12 dated May 22, 2012 regarding the rationalisation and revision of agency commission payable to agency banks on government transactions undertaken by them. 2. As you are aware, the agency commission on government receipts is paid by Reserve Bank per transaction
RBI/2016-17/327 DGBA.GBD.No.3333/31.02.007/2016-17 June 22, 2017 All Agency Banks Dear Sir / Madam Payment of agency commission for government receipts Please refer to Circular No. DGBA.GAD.7575/31.12.011/2011-12 dated May 22, 2012 regarding the rationalisation and revision of agency commission payable to agency banks on government transactions undertaken by them. 2. As you are aware, the agency commission on government receipts is paid by Reserve Bank per transaction
Jun 15, 2017
Period for Submission of Agency Commission Claims
RBI/2016-17/322 DGBA.GBD.No.3262/31.02.007/2016-17 June 15, 2017 All Agency Banks Dear Sir Period for Submission of Agency Commission Claims Please refer to circular No.DGBA.GAD.1031/31.12.010/98-99 dated May 6, 1999 wherein all agency banks were advised to submit their eligible agency commission claims to the Reserve Bank of India within two quarters from the end of the quarter during which the transactions have been conducted. 2. On a review, it has now been decided
RBI/2016-17/322 DGBA.GBD.No.3262/31.02.007/2016-17 June 15, 2017 All Agency Banks Dear Sir Period for Submission of Agency Commission Claims Please refer to circular No.DGBA.GAD.1031/31.12.010/98-99 dated May 6, 1999 wherein all agency banks were advised to submit their eligible agency commission claims to the Reserve Bank of India within two quarters from the end of the quarter during which the transactions have been conducted. 2. On a review, it has now been decided
Jun 08, 2017
Recording of PPO Number in the passbook of Pensioners / Family Pensioners
RBI/2016-17/319 DGBA.GBD.No.3235/45.01.001/2016-17 June 8, 2017 All Agency Banks Dear Sir / Madam Recording of PPO Number in the passbook of Pensioners / Family Pensioners As you are aware, it has been decided to record the PPO number in all the pension passbooks of the pensioners/family pensioners issued to them. This is to alleviate the difficulties reported by pensioners/family pensioners to get duplicate Pension Payment Orders (PPO) in case of missing of original
RBI/2016-17/319 DGBA.GBD.No.3235/45.01.001/2016-17 June 8, 2017 All Agency Banks Dear Sir / Madam Recording of PPO Number in the passbook of Pensioners / Family Pensioners As you are aware, it has been decided to record the PPO number in all the pension passbooks of the pensioners/family pensioners issued to them. This is to alleviate the difficulties reported by pensioners/family pensioners to get duplicate Pension Payment Orders (PPO) in case of missing of original
Apr 07, 2017
Systems and Controls for Conduct of Government Banking
RBI/2016-17/271 DGBA.GAD.No.2646/31.02.007/2016-17 April 7, 2017 All Agency Banks Dear Sir/Madam, Systems and Controls for Conduct of Government Banking Please refer to our Master Circulars DGBA.GAD.No.2/31.12.010/2015-16 dated July 1, 2015 on Conduct of Government Business by Agency Banks - Payment of Agency Commission and DGBA.GAD.No.H-1/31.05.001/2015-16 dated July 1, 2015 on Disbursement of Government Pension by Agency Banks that, inter alia, deal with Systems and
RBI/2016-17/271 DGBA.GAD.No.2646/31.02.007/2016-17 April 7, 2017 All Agency Banks Dear Sir/Madam, Systems and Controls for Conduct of Government Banking Please refer to our Master Circulars DGBA.GAD.No.2/31.12.010/2015-16 dated July 1, 2015 on Conduct of Government Business by Agency Banks - Payment of Agency Commission and DGBA.GAD.No.H-1/31.05.001/2015-16 dated July 1, 2015 on Disbursement of Government Pension by Agency Banks that, inter alia, deal with Systems and
Apr 06, 2017
Interest rates for Small Savings Schemes
RBI/2016-17/267 DGBA.GAD.2618/15.02.005/2016-17 April 6, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.2012/15.02.005/2016-17 dated February 9, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.1/4/2016–NS.II
RBI/2016-17/267 DGBA.GAD.2618/15.02.005/2016-17 April 6, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.2012/15.02.005/2016-17 dated February 9, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.1/4/2016–NS.II
Mar 16, 2017
Reporting and Accounting of Central Government Transactions of March 2017
RBI/2016-17/249 DGBA.GAD.No. 2376/42.01.029/2016-17 March 16, 2017 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2017 Please refer to Circular DGBA.GAD.No.2968/42.01.029/2015-16 dated March 17, 2016 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBEC, departmentalised ministries and non-Civil Ministries) at the Receiving/Nodal/Focal Point b
RBI/2016-17/249 DGBA.GAD.No. 2376/42.01.029/2016-17 March 16, 2017 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2017 Please refer to Circular DGBA.GAD.No.2968/42.01.029/2015-16 dated March 17, 2016 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBEC, departmentalised ministries and non-Civil Ministries) at the Receiving/Nodal/Focal Point b
Mar 16, 2017
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2016-17)
RBI/2016-17/250 DGBA.GAD.No. 2377/42.01.029/2016-17 March 16, 2017 All agency banks Dear Sir / Madam, Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17) The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be made for the purpose, as in previous y
RBI/2016-17/250 DGBA.GAD.No. 2377/42.01.029/2016-17 March 16, 2017 All agency banks Dear Sir / Madam, Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17) The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be made for the purpose, as in previous y
Mar 06, 2017
Gold Monetisation Scheme
RBI/2016-17/243 DGBA.GAD.No.2294/15.04.001/2016-17 March 6, 2017 All Agency Banks Dear Sir/Madam Gold Monetisation Scheme Please refer to RBI Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015 (updated up to January 21, 2016) on the above subject. In order to operationalise the scheme, we advise the following: 2. In order to have uniformity in reporting, reconciliation and accounting, agency banks may report the Gold Monetisation Scheme transac
RBI/2016-17/243 DGBA.GAD.No.2294/15.04.001/2016-17 March 6, 2017 All Agency Banks Dear Sir/Madam Gold Monetisation Scheme Please refer to RBI Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015 (updated up to January 21, 2016) on the above subject. In order to operationalise the scheme, we advise the following: 2. In order to have uniformity in reporting, reconciliation and accounting, agency banks may report the Gold Monetisation Scheme transac
Feb 16, 2017
Reimbursement of Merchant Discount Rate
RBI/2016-17/228 DGBA.GAD.No.2128/44.02.001/2016-17 February 16, 2017 All Agency Banks Dear Sir, Reimbursement of Merchant Discount Rate The Government of India (GoI) has decided to absorb the Merchant Discount Rate (MDR) charges in respect of debit card transactions while making payments to GoI. The Office Memoranda issued by the Office of Controller General of Accounts dated December 14 and 15, 2016 and Central Board of Direct Taxes dated January 30, 2017 in this reg
RBI/2016-17/228 DGBA.GAD.No.2128/44.02.001/2016-17 February 16, 2017 All Agency Banks Dear Sir, Reimbursement of Merchant Discount Rate The Government of India (GoI) has decided to absorb the Merchant Discount Rate (MDR) charges in respect of debit card transactions while making payments to GoI. The Office Memoranda issued by the Office of Controller General of Accounts dated December 14 and 15, 2016 and Central Board of Direct Taxes dated January 30, 2017 in this reg
Feb 09, 2017
Interest rates for Small Savings Schemes
RBI/2016-17/225 DGBA.GAD.2012/15.02.005/2016-17 February 9, 2017 The Chairman/Chief Executive OfficerAgency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014,Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.881/15.02.005/2016-17 dated October 13, 2016 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.1/04/2016–NS.I
RBI/2016-17/225 DGBA.GAD.2012/15.02.005/2016-17 February 9, 2017 The Chairman/Chief Executive OfficerAgency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014,Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.881/15.02.005/2016-17 dated October 13, 2016 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.1/04/2016–NS.I
Dec 22, 2016
Special Deposit Scheme 1975 - Payment of interest for the calendar year 2016
RBI/2016-17/192 DGBA.GAD.No.1478/15.01.001/2016-17 December 22, 2016 The Chairman/Chief Executive Officer Agency Banks handling Special Deposit Scheme,1975 Dear Sir, Special Deposit Scheme 1975 – Payment of interest for the calendar year 2016 Please find enclosed copies of Government of India Gazette Notifications dated April 20, 2015, June 3, 2016, June 30, 2016 and October 3, 2016 regarding interest rates on Special Deposit Scheme 1975. You may please ensure that in
RBI/2016-17/192 DGBA.GAD.No.1478/15.01.001/2016-17 December 22, 2016 The Chairman/Chief Executive Officer Agency Banks handling Special Deposit Scheme,1975 Dear Sir, Special Deposit Scheme 1975 – Payment of interest for the calendar year 2016 Please find enclosed copies of Government of India Gazette Notifications dated April 20, 2015, June 3, 2016, June 30, 2016 and October 3, 2016 regarding interest rates on Special Deposit Scheme 1975. You may please ensure that in
Oct 13, 2016
Revision of interest rates for Small Savings Schemes
RBI/2016-17/82 DGBA.GAD.881/15.02.005/2016-17 October 13, 2016 The Chairman/Chief Executive OfficerAgency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014,Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Revision of interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.13/15.02.005/2016-17 dated July 7, 2016 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.1/04/2016
RBI/2016-17/82 DGBA.GAD.881/15.02.005/2016-17 October 13, 2016 The Chairman/Chief Executive OfficerAgency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014,Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Revision of interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.13/15.02.005/2016-17 dated July 7, 2016 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.1/04/2016
Jul 07, 2016
Revision of interest rates for Small Savings Schemes
RBI/2016-17/6 DGBA. GAD.13/15.02.005/2016-17 July 7, 2016 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Revision of interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.3175/15.02.005/2015-16 dated April 7, 2016 on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/20
RBI/2016-17/6 DGBA. GAD.13/15.02.005/2016-17 July 7, 2016 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Revision of interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.3175/15.02.005/2015-16 dated April 7, 2016 on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/20
Apr 07, 2016
Oversight of Government Business in Agency Banks
RBI/2015-16/361 DGBA.GAD.No-3147/44.01.001/2015-16 April 07, 2016 The Chairman/ Managing Director/ Chief Executive Officer/ Agency Banks Dear Sir/ Madam Oversight of Government Business in Agency Banks As you are aware, in terms of the agency agreement entered into with agency banks for conduct of government business, the Reserve Bank of India carries out periodical review/inspection of government business. We have so far been conducting such review/inspection at sele
RBI/2015-16/361 DGBA.GAD.No-3147/44.01.001/2015-16 April 07, 2016 The Chairman/ Managing Director/ Chief Executive Officer/ Agency Banks Dear Sir/ Madam Oversight of Government Business in Agency Banks As you are aware, in terms of the agency agreement entered into with agency banks for conduct of government business, the Reserve Bank of India carries out periodical review/inspection of government business. We have so far been conducting such review/inspection at sele
Apr 07, 2016
Revision of interest rates for Small Savings Schemes
RBI/2015-16/362 DGBA.GAD.3175/15.02.005/2015-16 April 07, 2016 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Revision of interest rates for Small Savings Schemes Please refer to our circular RBI/2014-15/536 dated April 1, 2015 on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/2016 –NS.II d
RBI/2015-16/362 DGBA.GAD.3175/15.02.005/2015-16 April 07, 2016 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Revision of interest rates for Small Savings Schemes Please refer to our circular RBI/2014-15/536 dated April 1, 2015 on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/2016 –NS.II d
Mar 17, 2016
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2015-16)
RBI/2015-16/342 DGBA.GAD.No. 2969/42.01.029/2015-16 March 17, 2016 The Chairman / Chief Executive OfficerAll agency banks Dear Sir/Madam, Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2015-16) The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be ma
RBI/2015-16/342 DGBA.GAD.No. 2969/42.01.029/2015-16 March 17, 2016 The Chairman / Chief Executive OfficerAll agency banks Dear Sir/Madam, Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2015-16) The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be ma
Mar 17, 2016
Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2015-16
RBI/2015-16/343 DGBA.GAD.No.2968/42.01.029/2015-16 March 17, 2016 The Chairman/Chief Executive Officer All Agency Banks Dear Sir / Madam, Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2015-16 Please refer to Circular DGBA.GAD.No.4285/42.01.029/2014-15 dated March 25, 2015 advisi
RBI/2015-16/343 DGBA.GAD.No.2968/42.01.029/2015-16 March 17, 2016 The Chairman/Chief Executive Officer All Agency Banks Dear Sir / Madam, Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2015-16 Please refer to Circular DGBA.GAD.No.4285/42.01.029/2014-15 dated March 25, 2015 advisi
Mar 17, 2016
Recovery of excess payments made to pensioners
RBI/2015-16/340 DGBA.GAD.No.2960/45.01.001/2015-16 March 17, 2016 The Chairman / Chief Executive Officer All Agency Banks Dear Sir, Recovery of excess payments made to pensioners We have been receiving complaints from pensioners stating that the recovery of excess/wrong pension payments are being made in a manner that is not in keeping with the extant guidelines. In this connection, the instructions contained in circular Nos. CO.DGBA (NBS) No. 44/GA.64 (11-CVL) 90/91
RBI/2015-16/340 DGBA.GAD.No.2960/45.01.001/2015-16 March 17, 2016 The Chairman / Chief Executive Officer All Agency Banks Dear Sir, Recovery of excess payments made to pensioners We have been receiving complaints from pensioners stating that the recovery of excess/wrong pension payments are being made in a manner that is not in keeping with the extant guidelines. In this connection, the instructions contained in circular Nos. CO.DGBA (NBS) No. 44/GA.64 (11-CVL) 90/91
Jan 21, 2016
Payment of Agency Commission on pension accounts
RBI/2015-16/294 DGBA.GAD.No. 2278/31.12.010/2015-16 January 21, 2016 The Chairman & Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Payment of Agency Commission on pension accounts As you may be aware, agency banks are being compensated at Rs. 65 per transaction for handling pension computation, payment and related services on behalf of Central and State Governments. As per the norms followed by the Government, a pensioner’s account
RBI/2015-16/294 DGBA.GAD.No. 2278/31.12.010/2015-16 January 21, 2016 The Chairman & Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Payment of Agency Commission on pension accounts As you may be aware, agency banks are being compensated at Rs. 65 per transaction for handling pension computation, payment and related services on behalf of Central and State Governments. As per the norms followed by the Government, a pensioner’s account
Dec 31, 2015
Discontinuation of the requirement for Paper to Follow (P2F) for Central Government cheques under Cheque Truncation System
RBI/2015-16/278 DGBA.GAD.No. 2036/42.01.035/2015-16 December 31, 2015 The Chairman and Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Discontinuation of the requirement for Paper to Follow (P2F) for Central Government cheques under Cheque Truncation System With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment
RBI/2015-16/278 DGBA.GAD.No. 2036/42.01.035/2015-16 December 31, 2015 The Chairman and Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Discontinuation of the requirement for Paper to Follow (P2F) for Central Government cheques under Cheque Truncation System With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment
Dec 23, 2015
Special Deposit Scheme 1975 - Payment of interest for the calendar year 2015
RBI/2015-16/274 DGBA.GAD. No. 2023/15.01.001/2015-16 December 23, 2015 The Chairman & Managing Director Head Office Government Accounts Department State Bank of India / State Bank of Patiala State Bank of Bikaner & Jaipur /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 / Corporation Bank / Dena Bank / Indian Bank/ Indian Overseas
RBI/2015-16/274 DGBA.GAD. No. 2023/15.01.001/2015-16 December 23, 2015 The Chairman & Managing Director Head Office Government Accounts Department State Bank of India / State Bank of Patiala State Bank of Bikaner & Jaipur /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 / Corporation Bank / Dena Bank / Indian Bank/ Indian Overseas
Nov 10, 2015
Payment of agency commission - Certification of claims by external auditors
RBI/2015-16/233 DGBA.GAD.No. 1636/31.12.010/2015-16 November 10, 2015 The Chairman / Chief Executive Officer All agency banks Dear Sir / Madam Payment of agency commission – Certification of claims by external auditors Please refer to our circulars DGBA.GAD.No.2528/31.12.010(C)/2012-13 and DGBA.GAD.No.H-2995/31.12.010/2014-15 dated October 31, 2012 and January 7, 2015 respectively prescribing the format for certification of agency commission claims by external auditor
RBI/2015-16/233 DGBA.GAD.No. 1636/31.12.010/2015-16 November 10, 2015 The Chairman / Chief Executive Officer All agency banks Dear Sir / Madam Payment of agency commission – Certification of claims by external auditors Please refer to our circulars DGBA.GAD.No.2528/31.12.010(C)/2012-13 and DGBA.GAD.No.H-2995/31.12.010/2014-15 dated October 31, 2012 and January 7, 2015 respectively prescribing the format for certification of agency commission claims by external auditor
Sep 10, 2015
Procedure for payment of commission by banks to authorised agents on sale of Kisan Vikas Patra
RBI/2015-16/172 DGBA.GAD.No.990 /15.02.003/2015-16 September 10, 2015 The Chairman/Chief Executive Officer Agency Banks Handling the Scheme of Kisan Vikas Patra, 2014 Dear Sir Procedure for payment of commission by banks to authorised agents on sale of Kisan Vikas Patra Department of Economic Affairs, Ministry of Finance, Government of India has advised, vide Office Memorandum F.No.2/4/2014-NS-II dated July 24, 2015, the procedure given in the Annex for payment of com
RBI/2015-16/172 DGBA.GAD.No.990 /15.02.003/2015-16 September 10, 2015 The Chairman/Chief Executive Officer Agency Banks Handling the Scheme of Kisan Vikas Patra, 2014 Dear Sir Procedure for payment of commission by banks to authorised agents on sale of Kisan Vikas Patra Department of Economic Affairs, Ministry of Finance, Government of India has advised, vide Office Memorandum F.No.2/4/2014-NS-II dated July 24, 2015, the procedure given in the Annex for payment of com
Aug 13, 2015
Conduct of Government Business by Agency Banks - Payment of Agency Commission
RBI/2015-16/153 DGBA.GAD.No. 617/31.12.010(C)/2015-16 August 13, 2015 The Chairman/Chief Executive Officer All Agency Banks Dear Sir / Madam, Conduct of Government Business by Agency Banks – Payment of Agency Commission Please refer to paragraphs 2 to 7 of our Master Circular No RBI /2015-16/81 dated July 01, 2015 on the captioned subject, wherein government transactions eligible for and not eligible for agency commission are discussed. 2. In this connection, it is cl
RBI/2015-16/153 DGBA.GAD.No. 617/31.12.010(C)/2015-16 August 13, 2015 The Chairman/Chief Executive Officer All Agency Banks Dear Sir / Madam, Conduct of Government Business by Agency Banks – Payment of Agency Commission Please refer to paragraphs 2 to 7 of our Master Circular No RBI /2015-16/81 dated July 01, 2015 on the captioned subject, wherein government transactions eligible for and not eligible for agency commission are discussed. 2. In this connection, it is cl
Jul 02, 2015
Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account
RBI/2015-16/113 DGBA.GAD.No.14/15.02.003/2015-16 July 2, 2015 The Chairman/Chief Executive Officer Agency Banks Handling the Schemes of Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account Dear Sir Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account Please refer to our circulars IDMD (DGBA).CDD.No.3484/15.02.001/2014-15 dated February 09, 2015 and IDMD (DGBA).CDD.No.4052/15.02.006/2014-15 dated March 11, 2015 regarding Kisan Vikas Patra, 2014 and Sukanya Samriddhi
RBI/2015-16/113 DGBA.GAD.No.14/15.02.003/2015-16 July 2, 2015 The Chairman/Chief Executive Officer Agency Banks Handling the Schemes of Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account Dear Sir Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account Please refer to our circulars IDMD (DGBA).CDD.No.3484/15.02.001/2014-15 dated February 09, 2015 and IDMD (DGBA).CDD.No.4052/15.02.006/2014-15 dated March 11, 2015 regarding Kisan Vikas Patra, 2014 and Sukanya Samriddhi
May 07, 2015
Mandatory issue of acknowledgement to pensioners on submission of life certificates
RBI/2014-15/587 DGBA.GAD No.H- 5013/45.01.001/2014-15 May 07, 2015 The Chairman/ Chief Executive Officer All Agency Banks Dear Sir Mandatory issue of acknowledgement to pensioners on submission of life certificates In terms of extant instructions, all pensioners are required to furnish a life certificate to the pension disbursing bank every year in November for continuance of pension. This certificate can be submitted at any branch of the pension paying bank. The Gove
RBI/2014-15/587 DGBA.GAD No.H- 5013/45.01.001/2014-15 May 07, 2015 The Chairman/ Chief Executive Officer All Agency Banks Dear Sir Mandatory issue of acknowledgement to pensioners on submission of life certificates In terms of extant instructions, all pensioners are required to furnish a life certificate to the pension disbursing bank every year in November for continuance of pension. This certificate can be submitted at any branch of the pension paying bank. The Gove
Apr 01, 2015
Revision of interest rates for Small Savings Schemes
RBI/2014-15/536IDMD(DGBA).CDD.No.4521/15.02.001/2014-15April 01, 2015The Chairman and Managing Director/Managing DirectorHead Office, Government Accounts DepartmentState Bank of India/State Bank of Patiala/State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/Punjab & Sind Bank/Bank of Maharashtra/Canara Bank/Central Bank of India/Corporation Bank/Dena Ban
RBI/2014-15/536IDMD(DGBA).CDD.No.4521/15.02.001/2014-15April 01, 2015The Chairman and Managing Director/Managing DirectorHead Office, Government Accounts DepartmentState Bank of India/State Bank of Patiala/State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/Punjab & Sind Bank/Bank of Maharashtra/Canara Bank/Central Bank of India/Corporation Bank/Dena Ban
Mar 27, 2015
Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Furnishing of Statement of Residual transactions - Financial Year 2014-15
RBI/2014-15/521DGBA.GAD.No.4407/42.01.029/2014-15March 27, 2015The Chairman/Chief Executive OfficerAll Agency BanksDear Sir / Madam,Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account – Furnishing of Statement of Residual transactions - Financial Year 2014-15Please refer to Circular DGBA.GAD.No.H - 4285/42.01.029/2014-15 dated March 25, 2015, advising the procedure to be
RBI/2014-15/521DGBA.GAD.No.4407/42.01.029/2014-15March 27, 2015The Chairman/Chief Executive OfficerAll Agency BanksDear Sir / Madam,Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account – Furnishing of Statement of Residual transactions - Financial Year 2014-15Please refer to Circular DGBA.GAD.No.H - 4285/42.01.029/2014-15 dated March 25, 2015, advising the procedure to be
Mar 25, 2015
Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2014-15
RBI/2014-15/516DGBA.GAD.No.4285/42.01.029/2014-15March 25, 2015The Chairman/Chief Executive OfficerAll Agency BanksDear Sir / Madam,Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2014-15Please refer to Circular DGBA.GAD.No.H - 5495/42.01.029/2013-14 dated March 27, 2014 advising
RBI/2014-15/516DGBA.GAD.No.4285/42.01.029/2014-15March 25, 2015The Chairman/Chief Executive OfficerAll Agency BanksDear Sir / Madam,Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2014-15Please refer to Circular DGBA.GAD.No.H - 5495/42.01.029/2013-14 dated March 27, 2014 advising
Mar 25, 2015
Annual Closing of Government Accounts - Transactions of Central/State Governments - Special Measures for the Current Financial Year (2014-15)
RBI/2014-15/515 DGBA.GAD.No. 4318/42.01.029/2014-15 March 25, 2015 The Chairman/Chief Executive Officer All agency banks Dear Sir/Madam, Annual Closing of Government Accounts – Transactions of Central/State Governments – Special Measures for the Current Financial Year (2014-15) The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be made
RBI/2014-15/515 DGBA.GAD.No. 4318/42.01.029/2014-15 March 25, 2015 The Chairman/Chief Executive Officer All agency banks Dear Sir/Madam, Annual Closing of Government Accounts – Transactions of Central/State Governments – Special Measures for the Current Financial Year (2014-15) The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be made
Mar 13, 2015
Refund of overpayment of pension to the Government Account - Recovery of excess/ wrong pension payments made to the pensioners
RBI/2014-2015/500 Ref.DGBA.GAD.No.H4054/45.03.001/2014-15 March 13, 2015 The Chairman / Chief Executive Officer All Agency Banks Dear Sir Refund of overpayment of pension to the Government Account – Recovery of excess/ wrong pension payments made to the pensioners Please refer to our circular DGBA.GAD.No.H-10450/45.03.001/2008-09 dated June 1, 2009 on the above subject advising that whenever any excess payment of government pension is detected, the entire amount shoul
RBI/2014-2015/500 Ref.DGBA.GAD.No.H4054/45.03.001/2014-15 March 13, 2015 The Chairman / Chief Executive Officer All Agency Banks Dear Sir Refund of overpayment of pension to the Government Account – Recovery of excess/ wrong pension payments made to the pensioners Please refer to our circular DGBA.GAD.No.H-10450/45.03.001/2008-09 dated June 1, 2009 on the above subject advising that whenever any excess payment of government pension is detected, the entire amount shoul
Mar 11, 2015
Sukanya Samriddhi Account
RBI/2014-15/494 IDMD(DGBA).CDD.No.4052/15.02.006/2014-15 March 11, 2015 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/Punjab & Sind Bank/ Bank of Maharashtra/Canara Bank/Central Bank of India/ Corporation Bank/
RBI/2014-15/494 IDMD(DGBA).CDD.No.4052/15.02.006/2014-15 March 11, 2015 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/Punjab & Sind Bank/ Bank of Maharashtra/Canara Bank/Central Bank of India/ Corporation Bank/
Feb 09, 2015
Kisan Vikas Patra, 2014
RBI/2014-15/463 IDMD(DGBA).CDD.No.3484/15.02.001/2014-15 February 09, 2015 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/Punjab & Sind Bank/ Bank of Maharashtra/Canara Bank/Central Bank of India/ Corporation Ban
RBI/2014-15/463 IDMD(DGBA).CDD.No.3484/15.02.001/2014-15 February 09, 2015 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/Punjab & Sind Bank/ Bank of Maharashtra/Canara Bank/Central Bank of India/ Corporation Ban
Feb 06, 2015
Inflation Indexed National Savings Securities - Cumulative, 2013 - Early repayment/redemption
RBI/2014-15/456 IDMD(DGBA).CDD.No. 3476/13.01.999/2014-15 February 06, 2015 The Chairman & Managing Director Head Office (Government Accounts Department) State Bank of India & Associate Banks All Nationalised Banks ICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., and Stock Holding Corporation of India Ltd (SHCIL). Dear Sir/Madam, Inflation Indexed National Savings Securities- Cumulative, 2013 - Early repayment/redemption Please refer to our circular DGBA.CDD.No
RBI/2014-15/456 IDMD(DGBA).CDD.No. 3476/13.01.999/2014-15 February 06, 2015 The Chairman & Managing Director Head Office (Government Accounts Department) State Bank of India & Associate Banks All Nationalised Banks ICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., and Stock Holding Corporation of India Ltd (SHCIL). Dear Sir/Madam, Inflation Indexed National Savings Securities- Cumulative, 2013 - Early repayment/redemption Please refer to our circular DGBA.CDD.No
Jan 21, 2015
Payments into Government Account through Debit / Credit cards and Net banking: permissible period for remittance
RBI/2014-15/416 DGBA.GAD No.H-3203/42.01.011/2014-15 January 21, 2015 The Chairman / Chief Executive Officer All agency Banks Dear Sir / Madam Payments into Government Account through Debit / Credit cards and Net banking: permissible period for remittance Please refer to circulars DGBA.GAD.No.H-2444/42.01.011/2010-11 dated October 8, 2010 and DGBA.GAD.No.H-4831/42.01.011/2012-13 dated February 18, 2013 on the above subject. We hereby advise that as per the instruction
RBI/2014-15/416 DGBA.GAD No.H-3203/42.01.011/2014-15 January 21, 2015 The Chairman / Chief Executive Officer All agency Banks Dear Sir / Madam Payments into Government Account through Debit / Credit cards and Net banking: permissible period for remittance Please refer to circulars DGBA.GAD.No.H-2444/42.01.011/2010-11 dated October 8, 2010 and DGBA.GAD.No.H-4831/42.01.011/2012-13 dated February 18, 2013 on the above subject. We hereby advise that as per the instruction
Jan 07, 2015
Payment of agency commission - Certification of claims by external auditors
RBI/2014-15/394 DGBA.GAD.No.H -2995/31.12.010/2014-15 January 7, 2015 The Chairman / Chief Executive Officer All agency banks Dear Sir / Madam Payment of agency commission – Certification of claims by external auditors Please refer to our circular DGBA.GAD.No.2528/31.12.010 (C)/2012-13 dated October 31, 2012 prescribing the format for certification of agency commission claims by external auditors (Chartered Accountants). The certificate to be furnished by the auditors
RBI/2014-15/394 DGBA.GAD.No.H -2995/31.12.010/2014-15 January 7, 2015 The Chairman / Chief Executive Officer All agency banks Dear Sir / Madam Payment of agency commission – Certification of claims by external auditors Please refer to our circular DGBA.GAD.No.2528/31.12.010 (C)/2012-13 dated October 31, 2012 prescribing the format for certification of agency commission claims by external auditors (Chartered Accountants). The certificate to be furnished by the auditors
Jan 01, 2015
Implementation of Cheque Truncation System - Dispensation of the requirement of forwarding of government cheques in physical form to government
RBI/2014-15/375 DGBA.GAD.No.H - 2887/42.01.035/2014 -15 January 1, 2015 The Chairman/Chief Executive OfficerAll agency banks Dear Sir Implementation of Cheque Truncation System - Dispensation of the requirement of forwarding of government cheques in physical form to government Please refer to our circular DGBA.GAD.No.H - 1463/42.01.035/2014-15 dated September 30, 2014 wherein it was stated that the discontinuation of P2F for government cheques was to be implemented wi
RBI/2014-15/375 DGBA.GAD.No.H - 2887/42.01.035/2014 -15 January 1, 2015 The Chairman/Chief Executive OfficerAll agency banks Dear Sir Implementation of Cheque Truncation System - Dispensation of the requirement of forwarding of government cheques in physical form to government Please refer to our circular DGBA.GAD.No.H - 1463/42.01.035/2014-15 dated September 30, 2014 wherein it was stated that the discontinuation of P2F for government cheques was to be implemented wi
Dec 12, 2014
Special Deposit Scheme 1975 - Payment of interest for the calendar year 2014
RBI/2014-15/350 IDMD (DGBA).CDD.No.2600/15.01.001/2014-15 December 12, 2014 The Chairman & Managing Director Head Office Government Accounts Department State Bank of India / State Bank of Patiala State Bank of Bikaner & Jaipur /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 / Corporation Bank / Dena Bank / Indian Bank/ Indian Over
RBI/2014-15/350 IDMD (DGBA).CDD.No.2600/15.01.001/2014-15 December 12, 2014 The Chairman & Managing Director Head Office Government Accounts Department State Bank of India / State Bank of Patiala State Bank of Bikaner & Jaipur /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 / Corporation Bank / Dena Bank / Indian Bank/ Indian Over
Dec 11, 2014
Inflation Indexed National Savings Securities - Cumulative, 2013 - Early repayment/redemption
RBI/2014-15/348 IDMD(DGBA).CDD.No.2589/13.01.999/2014-15 December 11, 2014 The Chairman & Managing Director Head Office (Government Accounts Department) State Bank of India & Associate Banks All Nationalised Banks ICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., and Stock Holding Corporation of India Ltd (SHCIL). Dear Sir/Madam, Inflation Indexed National Savings Securities- Cumulative, 2013 - Early repayment/redemption Please refer to our circular DGBA.CDD.No.
RBI/2014-15/348 IDMD(DGBA).CDD.No.2589/13.01.999/2014-15 December 11, 2014 The Chairman & Managing Director Head Office (Government Accounts Department) State Bank of India & Associate Banks All Nationalised Banks ICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., and Stock Holding Corporation of India Ltd (SHCIL). Dear Sir/Madam, Inflation Indexed National Savings Securities- Cumulative, 2013 - Early repayment/redemption Please refer to our circular DGBA.CDD.No.
Dec 09, 2014
Introduction of Digital Life Certificates for Pensioners
RBI/2014-15/343DGBA.GAD.H- 2529/45.01.001/2014-15 December 9, 2014 The Chairman/Chief Executive Officer All agency banks Dear Sir Introduction of Digital Life Certificates for Pensioners As per the present scheme for payment of government pension, pensioners are required to furnish a life certificate in November every year to the bank concerned for continued receipt of pension without interruption. Even though this requirement has been liberalised to enable pensioners
RBI/2014-15/343DGBA.GAD.H- 2529/45.01.001/2014-15 December 9, 2014 The Chairman/Chief Executive Officer All agency banks Dear Sir Introduction of Digital Life Certificates for Pensioners As per the present scheme for payment of government pension, pensioners are required to furnish a life certificate in November every year to the bank concerned for continued receipt of pension without interruption. Even though this requirement has been liberalised to enable pensioners
Sep 30, 2014
Implementation of Cheque Truncation System (CTS) - Dispensation of the requirement of forwarding of government cheques in physical form to Government - Change in the Memorandum of Instructions for reporting of government transactions
RBI/2014-15/246 DGBA.GAD.No.H -1463/42.01.035/2014 -15 September 30, 2014 The Chairman & Managing Director / The Chief Executive Officer All Banks Dear Sir / Madam, Implementation of Cheque Truncation System (CTS) - Dispensation of the requirement of forwarding of government cheques in physical form to Government - Change in the Memorandum of Instructions for reporting of government transactions Please refer to our circular DGBA.GAD.No.H-1204/42.01.035/2014-15 dat
RBI/2014-15/246 DGBA.GAD.No.H -1463/42.01.035/2014 -15 September 30, 2014 The Chairman & Managing Director / The Chief Executive Officer All Banks Dear Sir / Madam, Implementation of Cheque Truncation System (CTS) - Dispensation of the requirement of forwarding of government cheques in physical form to Government - Change in the Memorandum of Instructions for reporting of government transactions Please refer to our circular DGBA.GAD.No.H-1204/42.01.035/2014-15 dat
Sep 18, 2014
Implementation of Cheque Truncation System (CTS): Dispensation of the requirement of forwarding of government cheques in physical form to Government - Change in the Memorandum of Instructions for reporting of government transactions
RBI/2014-15/237 DGBA.GAD.No.H -1204/42.01.035/2014 -15 September 18, 2014 The Chairman & Managing Director / The Chief Executive Officer All Agency Banks Dear Sir / Madam, Implementation of Cheque Truncation System (CTS): Dispensation of the requirement of forwarding of government cheques in physical form to Government - Change in the Memorandum of Instructions for reporting of government transactions As part of enhancing the efficiency in cheque clearing, Reserve
RBI/2014-15/237 DGBA.GAD.No.H -1204/42.01.035/2014 -15 September 18, 2014 The Chairman & Managing Director / The Chief Executive Officer All Agency Banks Dear Sir / Madam, Implementation of Cheque Truncation System (CTS): Dispensation of the requirement of forwarding of government cheques in physical form to Government - Change in the Memorandum of Instructions for reporting of government transactions As part of enhancing the efficiency in cheque clearing, Reserve
Aug 22, 2014
Amendment to Public Provident Fund Scheme, 1968
RBI/2014-15/187 DGBA.CDD.No.867/15.02.005/2014-15 August 22, 2014 The Chairman and Managing Director/Managing Director Government Accounts Department/Head Office State Bank of India/State Bank of Patiala/State Bank of Bikaner & Jaipur/ State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/Allahabad Bank/Bank of Baroda/Bank of India/ Oriental Bank of Commerce/Bank of Maharashtra/Canara Bank/ Central Bank of India/Corporation Bank/Dena
RBI/2014-15/187 DGBA.CDD.No.867/15.02.005/2014-15 August 22, 2014 The Chairman and Managing Director/Managing Director Government Accounts Department/Head Office State Bank of India/State Bank of Patiala/State Bank of Bikaner & Jaipur/ State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/Allahabad Bank/Bank of Baroda/Bank of India/ Oriental Bank of Commerce/Bank of Maharashtra/Canara Bank/ Central Bank of India/Corporation Bank/Dena
Jul 17, 2014
Public Provident Fund Scheme, 1968 and Senior Citizen Savings Scheme, 2004 - Amendments in Rules
RBI/2014-15/130 DGBA.CDD. No. 293/15.02.001/2014-15 July 17, 2014 The Chairman and Managing Director/Managing Director Government Accounts Department/Head Office State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/Bank of Maharashtra/ Canara Bank/Central Bank of India/Corporation Bank/Dena Bank/ Indian Bank/Indian O
RBI/2014-15/130 DGBA.CDD. No. 293/15.02.001/2014-15 July 17, 2014 The Chairman and Managing Director/Managing Director Government Accounts Department/Head Office State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/Bank of Maharashtra/ Canara Bank/Central Bank of India/Corporation Bank/Dena Bank/ Indian Bank/Indian O
Jun 24, 2014
Reviewing the Reporting and Accounting Procedure of Relief and Savings Bonds - Revised Application format - 8% Savings (Taxable) Bonds, 2003
RBI/2013-14/654 DGBA.CDD. No. 6919/13.01.299/2013-14 June 12, 2014 The Chairman/Managing Director Head Office (Government Accounts Department) State Bank of India and Associates All Nationalised Banks (Excluding Punjab and Sind Bank and Andhra Bank) Axis Bank Ltd./ HDFC Bank Ltd./ICICI Bank Ltd. Stock Holding Corporation of India Ltd.(SHCIL) Dear Sir/Madam Reviewing the Reporting and Accounting Procedure of Relief and Savings Bonds - Revised Application format - 8% Sa
RBI/2013-14/654 DGBA.CDD. No. 6919/13.01.299/2013-14 June 12, 2014 The Chairman/Managing Director Head Office (Government Accounts Department) State Bank of India and Associates All Nationalised Banks (Excluding Punjab and Sind Bank and Andhra Bank) Axis Bank Ltd./ HDFC Bank Ltd./ICICI Bank Ltd. Stock Holding Corporation of India Ltd.(SHCIL) Dear Sir/Madam Reviewing the Reporting and Accounting Procedure of Relief and Savings Bonds - Revised Application format - 8% Sa
Mar 27, 2014
Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2013-14
RBI/2013-14/539 DGBA.GAD.No.H - 5495/42.01.029/2013-14 March 27, 2014 The Chairman & Managing Director / The Chief Executive Officer All Agency Banks Dear Sir / Madam, Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2013-14 Please refer to Circular DGBA.GAD.No.H - 5353/42.01.0
RBI/2013-14/539 DGBA.GAD.No.H - 5495/42.01.029/2013-14 March 27, 2014 The Chairman & Managing Director / The Chief Executive Officer All Agency Banks Dear Sir / Madam, Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2013-14 Please refer to Circular DGBA.GAD.No.H - 5353/42.01.0
Mar 26, 2014
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2013-14)
RBI/2013-14/535 DGBA.GAD.No.H - 5430/42.01.029/2013-14 March 26, 2014 The Chairman & Managing Director / Chief Executive OfficerAll Agency Banks Dear Sir / Madam, Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2013-14) We have been requested by the Government of India and some State Governments to facilitate collection and accounting of government transactions (such as receipts
RBI/2013-14/535 DGBA.GAD.No.H - 5430/42.01.029/2013-14 March 26, 2014 The Chairman & Managing Director / Chief Executive OfficerAll Agency Banks Dear Sir / Madam, Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2013-14) We have been requested by the Government of India and some State Governments to facilitate collection and accounting of government transactions (such as receipts
Mar 26, 2014
Inflation Indexed National Savings Securities- [IINSS-C]
RBI/2013-14/534 DGBA.CDD.No. 5449/13.01.999/2013-2014 March 26, 2014 The Chairman & Managing Director Head Office (Government Accounts Department) State Bank of India & Associate Banks All Nationalised Banks ICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., and Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, Inflation Indexed National Savings Securities- [IINSS-C] Please refer to our circulars DGBA.CDD.No.3688/13.01.999/2013-2014 dated December 1
RBI/2013-14/534 DGBA.CDD.No. 5449/13.01.999/2013-2014 March 26, 2014 The Chairman & Managing Director Head Office (Government Accounts Department) State Bank of India & Associate Banks All Nationalised Banks ICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., and Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, Inflation Indexed National Savings Securities- [IINSS-C] Please refer to our circulars DGBA.CDD.No.3688/13.01.999/2013-2014 dated December 1
Mar 21, 2014
Public Provident Fund Scheme, 1968 (PPF Scheme, 1968) and Senior Citizens Savings Scheme, 2004 (SCSS, 2004) - Revision of interest rates
RBI/2013-14/526 DGBA.CDD. No. 5342 /15.02.001/2013-14 March 21, 2014 The Chairman and Managing Director/Managing DirectorHead Office, Government Accounts DepartmentState Bank of India/State Bank of Bikaner & Jaipur/State Bank of Hyderabad/State Bank of Mysore/State Bank of Patiala/ State Bank of Travancore/Andhra Bank/Allahabad Bank/Bank of Baroda/Bank of India/Bank of Maharashtra/Canara Bank/Central Bank of India/Corporation Bank/Dena Bank/Indian Bank/ Indian Ove
RBI/2013-14/526 DGBA.CDD. No. 5342 /15.02.001/2013-14 March 21, 2014 The Chairman and Managing Director/Managing DirectorHead Office, Government Accounts DepartmentState Bank of India/State Bank of Bikaner & Jaipur/State Bank of Hyderabad/State Bank of Mysore/State Bank of Patiala/ State Bank of Travancore/Andhra Bank/Allahabad Bank/Bank of Baroda/Bank of India/Bank of Maharashtra/Canara Bank/Central Bank of India/Corporation Bank/Dena Bank/Indian Bank/ Indian Ove
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