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/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/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/2015-16/342 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/2015-16/294 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

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