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

RBI/2004-2005/116 Ref: RPCD.SP.BC.No. 72 /09.01.01/2003-04 Date : 25 March, 2004Chairman/ Managing Director All Scheduled Commercial Banks, (excluding RRBs) Sub : Submission of progress report under Government Sponsored Schemes - Change in Periodicity of returns under SGSY, SJSRY and SLRS As you are aware, at present the progress on implementation of Government sponsored schemes by the banks is being monitored by RBI on a quarterly basis and the banks are required to

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

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

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

RBI/2004/58DGBA.GAD.No. H-760/42.01.001/2003-04 February 13, 2004The Chief Executive OfficersAll Agency Banks (As per list enclosed)Dear Sir,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 2003-2004Please refer to Circular DGBA.GAD.No. 331 / 42.01.001/2002-03 dated January 22, 2003

January 16, 2004 Pausha 26, 1925Circular No. RBI / 2004 / 13Ref.DGBA.CO.DT.13.01.299/H- 3819 /2003-04The Chairman & Managing Director,SBI & Associate Banks,& 17 Nationalised Banks,UTI Bank Ltd., ICICI Bank Ltd.,HDFC Bank Ltd. IDBI Bank Ltd. &Stock Holding Corporation of India Ltd.Dear Sir, 8% Savings (Taxable) Bonds 2003 Please refer to our letter No.CO.DT.13.01.299/H-38362002-03 dated 3rd April 2003 on the captioned subject. In this connection, we adv

RBI/2004/10DBOD. No. BC.62/08.95.004/2003-2004 January 13, 2004The Chairman & Chief Executive Officer/Managing Director of all Private Sector BanksDear Sir,Official visits abroad by Chairman & Chief Executive OfficerPlease refer to our circular DBOD.No.BC.48/08.95.004/98 dated May 30, 1998 on the above subject.2. In terms of Para 3 of the circular under reference, Private Sector Banks are required to keep concerned Regional Offices of Reserve Bank of India inf

REF: No. MPD. BC.244/07.01.279/ 2003-04 November 5, 2003Kartika 14, 1925(S)To All Primary DealersDear Sirs,Primary Dealers' Access to Call/Notice Money MarketPlease refer to Paragraphs 62 and 63 of the Governor’s statement on Mid-term Review of Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC.241/07.01.279/2003-04 dated November 3, 2003 (copy of the paragraphs enclosed). 2. It may be recalled that following the annual policy Stateme

DCM(NPD) No.317/09.39.00/2003-04 October 11, 2003The Chairman/Managing Director,All Public/Private Sector Banks/ Foreign Banks/Co-operative Banks/ Regional Rural BanksDear Sir,Clean Note Policy - Banding of Note Packets - Use of Stickers, etc.Please refer to our Circular DCM(Plg)No.474/10.36.00/2002-03 dated September 13, 2002 in which banks were advised to use paper/polymer bands for securing the note packets.2. While we appreciate the efforts made by the banks in im