Withdrawn Circulars - RBI - Reserve Bank of India
Withdrawn Circulars
Feb 02, 2006
Withdrawn
OLTAS - Sending Daily Scrolls by E-mail to ZAOs
RBI/2005-2006/295 DGBA.GAD.No.H-11140/42.01.034/2005-06 February 2, 2006 The Chairman and Managing Director All Agency Banks Dear Sir, Online Tax Accounting System (OLTAS)- Sending daily scrolls by e-mail to ZAOs Please refer to our circular DGBA. GAD. No. H-6586/42.01.034/2005-06 dated November 28, 2005 on the captioned subject. We now enclose herewith the revised format of Electronic Nodal Branch Daily Main Scroll for Direct Tax Collection by agency banks. You may u
RBI/2005-2006/295 DGBA.GAD.No.H-11140/42.01.034/2005-06 February 2, 2006 The Chairman and Managing Director All Agency Banks Dear Sir, Online Tax Accounting System (OLTAS)- Sending daily scrolls by e-mail to ZAOs Please refer to our circular DGBA. GAD. No. H-6586/42.01.034/2005-06 dated November 28, 2005 on the captioned subject. We now enclose herewith the revised format of Electronic Nodal Branch Daily Main Scroll for Direct Tax Collection by agency banks. You may u
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Dec 23, 2005
Withdrawn w.e.f. 16/11/2021
ECS (Debit Clearing) - Revocation of mandate by the customers
RBI/2005-06/239 Ref. DPSS (CO) No.950/04.01.01/2005-2006 December 23, 2005 To the Chairmen / Chief Executive Officers of all the Scheduled Commercial Banks ECS (Debit Clearing) – Revocation of mandate by the customers The volume of ECS transactions – both in Debit Clearing and Credit Clearing – has been growing rapidly. The growth rate of Debit Clearing transactions is much larger than the Credit Clearing and many utility companies have evinced a lot of interest in ut
RBI/2005-06/239 Ref. DPSS (CO) No.950/04.01.01/2005-2006 December 23, 2005 To the Chairmen / Chief Executive Officers of all the Scheduled Commercial Banks ECS (Debit Clearing) – Revocation of mandate by the customers The volume of ECS transactions – both in Debit Clearing and Credit Clearing – has been growing rapidly. The growth rate of Debit Clearing transactions is much larger than the Credit Clearing and many utility companies have evinced a lot of interest in ut
Nov 23, 2005
Withdrawn w.e.f. 18/02/2022
Electronic Payment Products - Service Charges
RBI/2005-06/218 Ref. DPSS (CO) No.796/01.01.59/2005-2006@@NBSP@@ @@NBSP@@ November 23, 2005 To Chairman / Chief Executive Officers of all the Scheduled Commercial Banks (Other than Regional Rural Banks)Electronic Payment Products - Service Charges An extract of the Mid-term Review of Annual Policy for the year 2005-06 reads as under- "Para 103: One of the constraints in the growth of electronic payment systems has been the high rate of service charges being levied by
RBI/2005-06/218 Ref. DPSS (CO) No.796/01.01.59/2005-2006@@NBSP@@ @@NBSP@@ November 23, 2005 To Chairman / Chief Executive Officers of all the Scheduled Commercial Banks (Other than Regional Rural Banks)Electronic Payment Products - Service Charges An extract of the Mid-term Review of Annual Policy for the year 2005-06 reads as under- "Para 103: One of the constraints in the growth of electronic payment systems has been the high rate of service charges being levied by
Oct 17, 2005
Withdrawn w.e.f. 16/11/2021
Electronic Clearing Service
RBI/2005-06/181 Ref. DPSS (CO) No.590/01.01.15/2005@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ October 17, 2005To Chairmen / CEOs of all the banks participating in Electronic Clearing ServicesDear Sir Electronic Clearing Service (ECS) As you may be aware, Electronic Clearing service (ECS) is increasingly being used by various users like Govt. Departments, corporate bodies, etc. for repetitive payments like s
RBI/2005-06/181 Ref. DPSS (CO) No.590/01.01.15/2005@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ October 17, 2005To Chairmen / CEOs of all the banks participating in Electronic Clearing ServicesDear Sir Electronic Clearing Service (ECS) As you may be aware, Electronic Clearing service (ECS) is increasingly being used by various users like Govt. Departments, corporate bodies, etc. for repetitive payments like s
Sep 06, 2005
Withdrawn
Master Circular - Collection of Direct Taxes- OLTAS
RBI/2005- 158 DGBA.GAD.No. H- 852 /42.01.034/2005-06 September 06, 2005 To all Agency Banks Dear Sir, Master Circular – Collection of Direct Taxes- OLTAS The Online Tax Accounting System (OLTAS) for collection, accounting and reporting of direct taxes was introduced with effect from June 01, 2004 at all designated branches of Agency Banks. Funds settlement based on online data was also introduced with effect from April 01, 2005. With a view to facilitate quick referen
RBI/2005- 158 DGBA.GAD.No. H- 852 /42.01.034/2005-06 September 06, 2005 To all Agency Banks Dear Sir, Master Circular – Collection of Direct Taxes- OLTAS The Online Tax Accounting System (OLTAS) for collection, accounting and reporting of direct taxes was introduced with effect from June 01, 2004 at all designated branches of Agency Banks. Funds settlement based on online data was also introduced with effect from April 01, 2005. With a view to facilitate quick referen
Aug 26, 2005
Withdrawn w.e.f. 13/05/2022
Credit flow to SME sector- Submission of Quarterly Data
RBI/2005-06/145 RPCD.PLNFS.BC.No. 38/06.02.31(iv)/2005-06 August 26, 2005 The Chairman/Managing Director All Public Sector Banks Dear Sir, Credit flow to SME sector- Reporting Format for Quarterly Review by the Government of India Please refer to our letter No.RPCD.PLNFS.No.508/06.02.31/2003-04 dated August 13, 2003 regarding submission of quarterly data on credit flow to SSI sector for review by the Secretary (SSI & ARI), Government of India in the prescribed for
RBI/2005-06/145 RPCD.PLNFS.BC.No. 38/06.02.31(iv)/2005-06 August 26, 2005 The Chairman/Managing Director All Public Sector Banks Dear Sir, Credit flow to SME sector- Reporting Format for Quarterly Review by the Government of India Please refer to our letter No.RPCD.PLNFS.No.508/06.02.31/2003-04 dated August 13, 2003 regarding submission of quarterly data on credit flow to SSI sector for review by the Secretary (SSI & ARI), Government of India in the prescribed for
Aug 25, 2005
Withdrawn w.e.f. 13/05/2022
List of Reserved Items for Exclusive Manufacture by SSIs amended
RBI/2005-06/141 RPCD.PLNFS.BC.NO. 36 /06.02.31/2005-06 August 25, 2005 The Chairman/Managing Director All Scheduled Commercial Banks (including RRBs) Dear Sir, Notification No.S.O.420(E) dated March 28, 2005 regarding changes in the list of reserved items for exclusive manufacture in the Small Scale Sector Please refer to our circular RPCD.PLNFS.BC.No. 73/06.02.31/2004-05 dated January 15, 2005 on the captioned subject. 2. We advise that Government of India, Ministry
RBI/2005-06/141 RPCD.PLNFS.BC.NO. 36 /06.02.31/2005-06 August 25, 2005 The Chairman/Managing Director All Scheduled Commercial Banks (including RRBs) Dear Sir, Notification No.S.O.420(E) dated March 28, 2005 regarding changes in the list of reserved items for exclusive manufacture in the Small Scale Sector Please refer to our circular RPCD.PLNFS.BC.No. 73/06.02.31/2004-05 dated January 15, 2005 on the captioned subject. 2. We advise that Government of India, Ministry
Aug 10, 2005
Withdrawn
Master Circular on Conduct of Government Business by Agency Banks- Payment of Agency Commission
RBI/2005-06/105 DGBA.GAD. (MC) No.564/31.12.010/2005-06 August 10, 2005 All Agency Banks Dear Sir, Master Circular on Conduct of Government Business by Agency Banks- Payment of Agency Commission Reserve Bank of India has been issuing various instructions on Agency Commission from time to time. In order to enable Agency banks to have the current operative instructions on the subject at one place, a Master Circular prepared by us is enclosed. You may also access the cir
RBI/2005-06/105 DGBA.GAD. (MC) No.564/31.12.010/2005-06 August 10, 2005 All Agency Banks Dear Sir, Master Circular on Conduct of Government Business by Agency Banks- Payment of Agency Commission Reserve Bank of India has been issuing various instructions on Agency Commission from time to time. In order to enable Agency banks to have the current operative instructions on the subject at one place, a Master Circular prepared by us is enclosed. You may also access the cir
Aug 06, 2005
Withdrawn
Tax Counterfoil for Cash Payments/ Debit to A/c. with the designated branch
RBI/2005-06/97 Ref. DGBA.GAD. No.H. 488 /42.01.034 /2005-06 August 6, 2005The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Tax Counterfoil for Cash Payments/ Debit to A/c. with the designated branch As you are aware, under Online Tax Accounting System (OLTAS), banks are required to deliver taxpayers’ counterfoil across the counter in case of cash payments or where amount is collected by transfer entry in the
RBI/2005-06/97 Ref. DGBA.GAD. No.H. 488 /42.01.034 /2005-06 August 6, 2005The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Tax Counterfoil for Cash Payments/ Debit to A/c. with the designated branch As you are aware, under Online Tax Accounting System (OLTAS), banks are required to deliver taxpayers’ counterfoil across the counter in case of cash payments or where amount is collected by transfer entry in the
Aug 06, 2005
Withdrawn
OLTAS- Software Validations at Banks
RBI/2005-06/98 DGBA. GAD. No. H- 492 /42.01.034/ 2005-06 August 6, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, OLTAS- Software Validations at Banks As you are aware, validation of software of banks is essential for ensuring quality of data transmitted by banks to TIN and CAS, RBI, Nagpur under OLTAS. One of the reasons for errors in the data reported has been attributed to non-validation of the soft
RBI/2005-06/98 DGBA. GAD. No. H- 492 /42.01.034/ 2005-06 August 6, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, OLTAS- Software Validations at Banks As you are aware, validation of software of banks is essential for ensuring quality of data transmitted by banks to TIN and CAS, RBI, Nagpur under OLTAS. One of the reasons for errors in the data reported has been attributed to non-validation of the soft
Jul 30, 2005
Withdrawn
Submission of Information on Banking Cash Transaction Tax
RBI /2005-06/85 DGBA. GAD. No. H- 414 /42.01.001/ 2005-06 July 30, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Obligation of Schedule Banks to furnish information on Banking Cash Transaction Tax (BCTT)- We forward herewith a copy of letter F. No. Addl. DIT (inv.) (HQ) /BCTT/2005-06 dated July 27, 2005 received from the Directorate General of Income Tax (investigation), Delhi on the captioned subject
RBI /2005-06/85 DGBA. GAD. No. H- 414 /42.01.001/ 2005-06 July 30, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Obligation of Schedule Banks to furnish information on Banking Cash Transaction Tax (BCTT)- We forward herewith a copy of letter F. No. Addl. DIT (inv.) (HQ) /BCTT/2005-06 dated July 27, 2005 received from the Directorate General of Income Tax (investigation), Delhi on the captioned subject
Jul 30, 2005
Withdrawn
OLTAS - Errors in Data Entry
RBI/2005-06/86 DGBA. GAD. No. H-412 /42.01.034/ 2005-06 July 30, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Data Entry Errors – OLTAS It has been reported by Directorate of Income Tax (systems) that there are still a large number of data entry errors in respect of the following two fields, while reporting data under On Line Tax Accounting System (OLTAS): i. Assessment year ii. Minor Head 2. In this
RBI/2005-06/86 DGBA. GAD. No. H-412 /42.01.034/ 2005-06 July 30, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Data Entry Errors – OLTAS It has been reported by Directorate of Income Tax (systems) that there are still a large number of data entry errors in respect of the following two fields, while reporting data under On Line Tax Accounting System (OLTAS): i. Assessment year ii. Minor Head 2. In this
Jul 26, 2005
Withdrawn
OLTAS- File Segregation Utility developed by Tax Information Network (TIN)
RBI/2005/81 DGBA.GAD.No.382/42.01.034 /2005-2006 July 26, 2005 The Chairman & Managing Director / Managing Director All Agency Banks Dear Sir, OLTAS- File Segregation Utility developed by Tax Information Network (TIN) Requests have been received from some banks that Tax Information Network (TIN) should not reject the entire file of OLTAS data received from a bank's Link Cell because of a few erroneous records. The banks have desired that TIN should accept the reco
RBI/2005/81 DGBA.GAD.No.382/42.01.034 /2005-2006 July 26, 2005 The Chairman & Managing Director / Managing Director All Agency Banks Dear Sir, OLTAS- File Segregation Utility developed by Tax Information Network (TIN) Requests have been received from some banks that Tax Information Network (TIN) should not reject the entire file of OLTAS data received from a bank's Link Cell because of a few erroneous records. The banks have desired that TIN should accept the reco
Jul 25, 2005
Withdrawn w.e.f. 16/11/2021
Computerisation of Currency Chest operations
RBI/2005-06/74 DCM(CD)No.816/04.36.03/2005-06 July 25, 2005The Chairman & Managing Directors of banks maintaining Currency Chests Dear Sir/Madam, Computerisation of Currency Chest operations The Reserve Bank of India has taken up a project for computerisation of the currency-related data and accounts. Apart from computerisation of the currency-related data and accounts at the Bank's Issue Offices, the project will cover the following: a. computerisation of the dat
RBI/2005-06/74 DCM(CD)No.816/04.36.03/2005-06 July 25, 2005The Chairman & Managing Directors of banks maintaining Currency Chests Dear Sir/Madam, Computerisation of Currency Chest operations The Reserve Bank of India has taken up a project for computerisation of the currency-related data and accounts. Apart from computerisation of the currency-related data and accounts at the Bank's Issue Offices, the project will cover the following: a. computerisation of the dat
Jul 25, 2005
Withdrawn
Conduct of Government Business - Agency Commission - Revision of Rates
RBI/2005-06/77 DGBA.GAD.No. 379 /31.12.010(C)/2005-06 July 25, 2005 The Chairman and Managing Director / Managing Director State Bank of India and its Associates/ All Nationalised Banks / HDFC Bank Ltd. / ICICI Bank Ltd./ UTI Bank Ltd./ IDBI Ltd./ Jammu & Kashmir Bank Ltd. Dear Sir, Conduct of Government Business – Agency Commission – Revision of Rates As you are aware, the agency banks are at present being paid a commission of 11.80 paise per Rs.100/- of Governme
RBI/2005-06/77 DGBA.GAD.No. 379 /31.12.010(C)/2005-06 July 25, 2005 The Chairman and Managing Director / Managing Director State Bank of India and its Associates/ All Nationalised Banks / HDFC Bank Ltd. / ICICI Bank Ltd./ UTI Bank Ltd./ IDBI Ltd./ Jammu & Kashmir Bank Ltd. Dear Sir, Conduct of Government Business – Agency Commission – Revision of Rates As you are aware, the agency banks are at present being paid a commission of 11.80 paise per Rs.100/- of Governme
Jul 18, 2005
Withdrawn
Non-acceptance of Fringe Benefit Tax by bank branches- corrigendum
RBI/2005/67 DGBA.GAD.No.H-288 /42.01.034/ 2005-06 July 18, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Non-acceptance of Fringe Benefit Tax by bank branches- corrigendum Please refer to our circular RBI/2005 /62 (DGBA.GAD.No.H-230/42.01.034 /2005-06) dated July 14, 2005 on the above subject. 2. The circular No. quoted in the first line of the above circular as RBI/2005/42, DGBA.GAD. No. H-76/42.01.0
RBI/2005/67 DGBA.GAD.No.H-288 /42.01.034/ 2005-06 July 18, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Non-acceptance of Fringe Benefit Tax by bank branches- corrigendum Please refer to our circular RBI/2005 /62 (DGBA.GAD.No.H-230/42.01.034 /2005-06) dated July 14, 2005 on the above subject. 2. The circular No. quoted in the first line of the above circular as RBI/2005/42, DGBA.GAD. No. H-76/42.01.0
Jul 14, 2005
Withdrawn
Non-acceptance of Fringe Benefit Tax by bank branches
RBI/2005-06/62 DGBA.GAD.No.H-230 /42.01.034/ 2005-06 July 14, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Non-acceptance of Fringe Benefit Tax by bank branches Please refer to paragraph two of our circular RBI/ 2005/ 42, DGBA. GAD. No. H-76/ 42.01.001/2005-06 dated July 4, 2005 regarding Finance Act 2005- Changes in Major Head and Challans-OLTAS. 2. It has been brought to our notice by CBDT authorit
RBI/2005-06/62 DGBA.GAD.No.H-230 /42.01.034/ 2005-06 July 14, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Non-acceptance of Fringe Benefit Tax by bank branches Please refer to paragraph two of our circular RBI/ 2005/ 42, DGBA. GAD. No. H-76/ 42.01.001/2005-06 dated July 4, 2005 regarding Finance Act 2005- Changes in Major Head and Challans-OLTAS. 2. It has been brought to our notice by CBDT authorit
Jul 13, 2005
Withdrawn w.e.f. 18/02/2022
RTGS and other payment systems service charges
RBI/2005-06/53 DPSS(CO)Cir.No.04/10.01.01 /2005-2006 July 13, 2005 ToThe Chairman/Chairman & Managing Director/CEO all RTGS member banks Dear Sir / Madam,RTGS and other payment systems service charges As you are aware, over a period of time RBI has introduced a host of electronic payment products like ECS (Credit), ECS (Debit), EFT, SEFT and the Real Time Gross Settlement (RTGS) System. All these systems have since stabilized. We are also happy to observe that mem
RBI/2005-06/53 DPSS(CO)Cir.No.04/10.01.01 /2005-2006 July 13, 2005 ToThe Chairman/Chairman & Managing Director/CEO all RTGS member banks Dear Sir / Madam,RTGS and other payment systems service charges As you are aware, over a period of time RBI has introduced a host of electronic payment products like ECS (Credit), ECS (Debit), EFT, SEFT and the Real Time Gross Settlement (RTGS) System. All these systems have since stabilized. We are also happy to observe that mem
Jul 04, 2005
Withdrawn
Finance Act 2005- Changes in Major Head and Challans - OLTAS
RBI/2005-06/39DGBA.GAD.No.H-42 /42.01.034/2005-06 July 4, 2005 The Chairman & Managing Director All Agency Banks including Jammu & Kashmir Bank Ltd Dear Sir, Finance Act 2005- Changes in Major Head and Challans - OLTAS As you are aware, the Finance Act 2005 has introduced two new taxes i.e. Fringe Benefit Tax and Banking Cash Transactions Tax. Consequently, certain changes /rationalization have been made to Major Heads and Sub-Minor Head of Accounts by Income
RBI/2005-06/39DGBA.GAD.No.H-42 /42.01.034/2005-06 July 4, 2005 The Chairman & Managing Director All Agency Banks including Jammu & Kashmir Bank Ltd Dear Sir, Finance Act 2005- Changes in Major Head and Challans - OLTAS As you are aware, the Finance Act 2005 has introduced two new taxes i.e. Fringe Benefit Tax and Banking Cash Transactions Tax. Consequently, certain changes /rationalization have been made to Major Heads and Sub-Minor Head of Accounts by Income
May 20, 2005
Withdrawn w.e.f 10/04/2012
Committee on Procedures and Performance Audit on Public Services (CPPAPS) - Report No. 2 - Compensation structure for delay in payment of interest and / or Principal
RBI/2004-05/477 CO.DT.No.13.01.298 / H - 9786 / 2004-05 May 20, 2005 Vaisakha 30, 1927(S) The Chairman / Managing Director State Bank of India / Associate Banks / 17 Nationalised Banks / UTI Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd. & SHCIL Dear Sir, Committee on Procedures and Performance Audit on Public Services (CPPAPS) - Report No. 2 - Compensation structure for delay in payment of interest and / or Principal Agency banks are already aware tha
RBI/2004-05/477 CO.DT.No.13.01.298 / H - 9786 / 2004-05 May 20, 2005 Vaisakha 30, 1927(S) The Chairman / Managing Director State Bank of India / Associate Banks / 17 Nationalised Banks / UTI Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd. & SHCIL Dear Sir, Committee on Procedures and Performance Audit on Public Services (CPPAPS) - Report No. 2 - Compensation structure for delay in payment of interest and / or Principal Agency banks are already aware tha
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