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Aug 24, 2004

Acceptance of Nomination in Form ‘A’ or ‘B’- Central Civil Pension

RBI/2004-2005/138DGBA.GAD.No.H-94/45.05.031/2004-05 August 24, 2004The Chief Executive OfficerAll Agency Banks (as per list)Dear Sir,Acceptance of Nomination in Form ‘A’ or ‘B’- Central Civil Pension Please refer to para 23 of Scheme for Payment of Pensions to Central Government Civil Pensioners by Public Sector Banks regarding Arrears of Pension on the death of Pensioner and manner of disposal of such Pension Payment Order (PPO).2. In this connection, as you are awar

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Jun 18, 2004

Payment of Turnover Commission - Pension Work

RBI/2004/256DGBA.GAD.No H-1246 /31.12.010/2003-04 June 18, 2004The Chairman & Managing Director/State Bank of India and its AssociatesPublic Sector BanksHDFC Bank Ltd. / UTI Bank Ltd. /Jammu & Kashmir Bank Ltd. /IDBI Bank Ltd. / ICICI Bank Ltd.Dear Sir,Payment of Turnover Commission - Pension Work As you are aware, Agency banks are disbursing pension on behalf of various Government Departments as per the ‘Scheme of Disbursement of Pension through Public Sector

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Jun 16, 2004

Holding Back of Defence Money by Banks

DGBA GAD.No.H.1174/45.02.001/2003-04RBI/2004/251 June 16 2004Jyeshtha 26 1926(S)The Chairman/Managing Director,All Pension Paying Banks(As per list)Dear Sir,Holding Back of Defence Money by BanksIt has been brought to our notice by the Ministry of Finance, Department of Economic Affairs, Government of India, New Delhi that DPDO had issued cheques to different banks for the credit of pensioner’s claim in the accounts of pensioners after their death. The amount credited

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Jun 10, 2004

Maintenance of Government Accounts -Interest on Delayed Remittances and Excess/Double Reimbursement

RBI/2004/234DGBA.GAD.No.H-1244/42.01.011/2003-04June 10, 2004 Jyeshtha 20, 1926(S)The Chairman/Managing Director, State Bank of India & its Associates, All Nationalized Banks, Jammu & Kashmir Bank Ltd., IDBI Bank Ltd./HDFC Bank Ltd./ ICICI Bank Ltd./UTI Bank Ltd. Dear Sir,Maintenance of Government Accounts – Interest on Delayed Remittances and Excess/Double Reimbursement Please refer to our Circular No.443/42.01.011/2003-04 dated November 5, 2003 on the above

Jun 09, 2004

Implementation of On-line Tax Accounting System (OLTAS) with effect from June 1, 2004 - Use of Challan Form - Clarifications

RBI/2004/239DGBA.GAD.No. H-1224 /42.01.034/2003-04 June 9, 2004The Chairman and Managing Director / Managing DirectorState Bank of India and its Associates / All Public Sector Banks /HDFC Bank Ltd. / ICICI Bank Ltd. / UTI Bank Ltd. / IDBI Bank Ltd. andJammu & Kashmir Bank Ltd.Dear Sir,Implementation of On-line Tax Accounting System (OLTAS) with effect from June 1, 2004 - Use of Challan Form - Clarifications Please refer to our Circular RBI/2004/213 dated May 22, 2

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May 22, 2004

Accounting Procedure Relating to On-Line Tax Accounting System (OLTAS) - Clarifications

RBI/ 213/2004DGBA.GAD.No.H- 1169 /42.01.034/2003-04 Dated: May 22, 2004The Chairman and Managing Director/Managing Director,State Bank of India & its Associates,All Nationalised BanksHDFC Bank Limited/ICICI Bank Limited/IDBI Bank Limited/UTI Bank Limited(as per list enclosed)Dear Sir,Accounting Procedure Relating to On-Line Tax Accounting System (OLTAS) - ClarificationsPlease refer to our circular RBI/145/2004 (DGBA.GAD.No.H-1068/42.01.034/2003-04) dated April 16,

Apr 30, 2004

Standardised application form for investments in Savings Bonds along with the Duties and Rights of Customers

RBI / 2004 /186 April 30, 2004Vaishakha 10, 1926 (S) Ref. DGBA CO DT No. 13.01.299 /H.6375/2003-04 The Chairman & Managing DirectorsState Bank of India and Associate banks17 Nationalized banksUTI bank Ltd., ICICI bank Ltd.,HDFC bank Ltd. and IDBI bank Ltd.Stock Holding Corporation of India Ltd.Dear Sir,Standardised application form for investments in Savings Bonds along with the Duties and Rights of Customers Please refer to our letter DGBA.CO.DT.No.13.01.299/H.62

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Apr 29, 2004

Implementation of On-line Tax Accounting System with effect from June 1, 2004

RBI/2004/184DGBA.GAD.No.H-1114/42.01.034/2003-04 April 29, 2004 The Chairman & Managing Director/Managing DirectorAll Agency Banks(as per list enclosed)Dear Sir,Implementation of On-line Tax Accounting System with effect from June 1, 2004 Please refer to our Circular RBI/145/2004 (DGBA.GAD.No. H-1068/2003-04) dated April 16, 2004 forwarding therewith the Accounting Procedure for On-line Tax Accounting System (OLTAS). 2. We have been advised by Director Genera

Apr 22, 2004

Standardised application form for investments in Savings Bonds along with the Duties and Rights of Customers

RBI / 2004 / 181Ref. DGBA CO DT No. 13.01.299 / H-6252 / 2003-04 April 22, 2004The Chairman and Managing DirectorsState Bank of India and Associate banks17 Nationalised banksUTI bank Ltd., ICICI bank Ltd.,HDFC bank Ltd. and IDBI bank Ltd.|Stock Holding Corporation of India Ltd.Dear Sir, Standardised application form for investments in Savings Bonds along with the Duties and Rights of CustomersAs you are aware, your bank / corporation has been conducting the business o

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Apr 17, 2004

Relief Bonds/Saving Bonds - Payment of maturity value

RBI/ 155 /2004DGBA.CO.DT.No.13.01.298/ H-6018 /2003-04 April 17, 2004The Chairman/ Managing DirectorState Bank of India/Associate Banks/17 Nationalised Banks/ 4 Private SectorBanks & SHCILDear SirRelief Bonds/Saving Bonds – Payment of maturity valueYour bank/Corporation has been authorized to issue and service Relief /Saving Bonds as agents of Reserve Bank of India for quite some time. We have vide our Circular No.RBI/2004/114 dated March 24, 2004 advised you to d

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Apr 16, 2004

Accounting Procedure for On-line Tax Accounting System (OLTAS)

RBI/2004/145DGBA.GAD.No. H-1068 /42.01.034/2003-04 April 16, 2004The Chairman & Managing Director / Managing DirectorState Bank of India and its AssociatesAll Nationalised BanksHDFC Bank Ltd., / ICICI Bank Ltd.,IDBI Bank Ltd., / UTI Bank Ltd.(as per list enclosed)Dear Sir,Accounting Procedure for On-line Tax Accounting System (OLTAS)Please refer to our Circular No. RBI/2004/129 (DGBA.GAD.No. 989/ 42.01.034/2003-04) dated March 31, 2004 advising you to extend the P

Apr 02, 2004

Procedure for Collection of Taxes at Bank Branches - Customer Service

RBI/2004/135DGBA.GAD.No.1142 /42.01.001/2003-04 April 2, 2004The Chief Executive OfficerAll Agency Banks (as per list)Dear Sir,Procedure for Collection of Taxes at Bank Branches - Customer Service Please refer to "Accounting System for Direct Taxes" (Pink Booklet) wherein detailed instructions were laid down for collection and accounting of Income and other Direct Taxes and payments of Income Tax Refund Orders (ITROs) by the branches of Public Sector Banks. It is obse

Apr 01, 2004

Introduction of On-line Tax Accounting System (OLTAS)- Branding of Rubber Stamp on copies of Challans

RBI/2004/131DGBA.GAD.No.1008 /42.01.034/2003-04 April 1, 2004The Chief Executive Officer,All Agency Banks (as per list enclosed)Dear Sir, Introduction of On-line Tax Accounting System (OLTAS)- Branding of Rubber Stamp on copies of Challans Please refer to our Circular letter DGBA.GAD.No.989/42.01.034/2003-04 dated March 31, 2004 on the captioned subject. 2. In the meeting of the High Powered Committee for On-line Transmission of Tax Payment Data from Banks to Income T

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Mar 31, 2004

Introduction of OLTAS

RBI/2004/129DGBA.GAD.No. 989 /42.01.034/2003-04 March 31, 2004The Chief Executive Officers of all Agency Banks(as per list enclosed)Dear Sir,Introduction of OLTASAs you are aware, the Pilot Study of On-line Tax Accounting System (OLTAS) Project is presently being implemented in 14 major cities. Progress in this regard has been reviewed at various meetings across the country and all the banks have expressed their confidence in extending the Pilot to all their branches.

Mar 27, 2004

Streamlining the Procedure for Issue of Income Tax Refund Orders (ITROs)

RBI/2004/125DGBA.GAD.No. 979 /42.01.018/2003-04 March 27, 2004Chief Executive Officers of all Agency Banks(as per list enclosed)Dear Sir,Streamlining the Procedure for Issue of Income Tax Refund Orders (ITROs) Central Board of Direct Taxes, Government of India, New Delhi have since revised the procedure of issue of ITROs and discontinued the practice of forwarding Advice Notes to the paying banks separately in respect of refunds upto Rs.9999/- vide their Circular Inst

Mar 27, 2004

Annual Closing of Accounts - Receipt of Direct Taxes - Arrangements for the Current Financial Year

RBI/2004/122DGBA.GAD.No.H-976 /42.01.029/2003-04 March 27, 2004The Chairman/Chairman & Managing Director/Managing DirectorState Bank of India & its Associate BanksAll Public Sector BanksJammu & Kashmir Bank Ltd.HDFC Bank Ltd./IDBI Bank Ltd.UTI Bank Ltd./ICICI Bank Ltd.Dear Sir, Annual Closing of Accounts - Receipt of Direct Taxes - Arrangements for the Current Financial YearWe have since received request from the Ministry of Finance, Department of Economic

Mar 26, 2004

Annual Closing of Accounts - Receipt of Central Taxes-Arrangements for the Current Financial Year

RBI/2004/121DGBA.GAD.No.H-972 /42.01.029/2003-04 March 26, 2004The Chairman/Chairman & Managing Director/Managing DirectorState Bank of India & its Associate BanksAll Public Sector BanksJammu & Kashmir Bank Ltd.HDFC Bank Ltd./IDBI Bank Ltd.UTI Bank Ltd./ICICI Bank Ltd.Dear Sir, Annual Closing of Accounts - Receipt of Central Taxes-Arrangements for the Current Financial YearWe have received a request from the Chief Commissioner of Income Tax, Mumbai that wi

Mar 09, 2004

Introduction of ECS (Credit) for Refunds of Income Tax

Circular No. RBI/2004/90DGBA.GAD.No. H-767 /42.01.034/2003-04 March 9, 2004The Chief Executive Officers All banks (as per list) Dear Sir, Introduction of ECS (Credit) for Refunds of Income Tax As you are aware, presently paper-based Income Tax Refund Orders (ITROs) are being issued by Income Tax Department for refund of income-tax to assessees. ITRO is also accompanied by an 'Advice'. The banks are required to handle ITROs as well as the 'Advices' for collectio

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Mar 03, 2004

Standing Committee Meeting to Review the Handling of Government Transactions by Banks Accredited to Civil Ministries/Departments - Para 2.4

RBI/2004/86DGBA.GAD.No.H-791/42.02.001/2003-04March 3, 2004The Chairman/Managing DirectorThe Chairman and Managing DirectorState Bank of India & its Associate Banks andAll Public Sector BanksDear Sir,Standing Committee Meeting to Review the Handling of Government Transactions by Banks Accredited to Civil Ministries/Departments – Para 2.4 Please refer to para 2.4 of minutes of the Standing Committee Meeting held on 6th & 7th November, 2003 at Bhubaneshwar. 2. P

Feb 28, 2004

Streamlining the Procedure for Issue of Income Tax Refund Orders (ITROs)

RBI/2004/83DGBA.GAD.No.1009/42.01.018/ 2003-04 February 28, 2004 The Chairman & Managing Director/ Managing Director, State Bank of India & its Associate BanksDear Sir,Streamlining the Procedure for Issue of Income Tax Refund Orders (ITROs)The Central Board of Direct Taxes, Government of India, New Delhi have since discontinued the procedure of forwarding Advice Notes to the paying banks in respect of refunds upto Rs.9999/- vide their Circular Instruction F.No