Notifications

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

Withdrawal of circulars - on Recovery of excess pension made to pensioners

Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021

RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 Notification No. FEMA 23(R)/(4)/2021-RB January 08, 2021 Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021 In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of section 7 and clause (b) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the followi

RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 Notification No. FEMA 23(R)/(4)/2021-RB January 08, 2021 Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021 In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of section 7 and clause (b) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the followi

Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021

Risk Based Internal Audit (RBIA) Framework - Strengthening Governance arrangements

RBI/2020-21/83 Ref.No.DoS.CO.PPG./SEC.04/11.01.005/2020-21 January 07, 2021 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payments Banks Madam / Dear Sir, Risk Based Internal Audit (RBIA) Framework – Strengthening Governance arrangements In terms of the Guidance Note on Risk-Based Internal Audit issued by RBI vide circular DBS.CO.PP.BC.10/11.01.005/2002-03

RBI/2020-21/83 Ref.No.DoS.CO.PPG./SEC.04/11.01.005/2020-21 January 07, 2021 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payments Banks Madam / Dear Sir, Risk Based Internal Audit (RBIA) Framework – Strengthening Governance arrangements In terms of the Guidance Note on Risk-Based Internal Audit issued by RBI vide circular DBS.CO.PP.BC.10/11.01.005/2002-03

Risk Based Internal Audit (RBIA) Framework - Strengthening Governance arrangements

Introduction of Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems

RBI/2020-21/82 DPSS.CO.OD No.901/06.24.001/2020-21 January 05, 2021 The Chairman / Managing Director / Chief Executive Officerof member banks participating in RTGS / NEFT Madam / Dear Sir, Introduction of Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide. It was conceived as a key measure to improve the quality

RBI/2020-21/82 DPSS.CO.OD No.901/06.24.001/2020-21 January 05, 2021 The Chairman / Managing Director / Chief Executive Officerof member banks participating in RTGS / NEFT Madam / Dear Sir, Introduction of Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide. It was conceived as a key measure to improve the quality

Introduction of Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems

Operationalisation of Payments Infrastructure Development Fund (PIDF) Scheme (Updated as on June 09, 2022)

RBI/2020-21/81 DPSS.CO.AD No.900/02.29.005/2020-21 January 05, 2021 (Updated as on June 09, 2022) (Updated as on August 26, 2021) The Chairman / Managing Director / Chief Executive Officer Card Issuing and Acquiring Banks and Non-banks / Authorised Card Networks Madam / Dear Sir, Operationalisation of Payments Infrastructure Development Fund (PIDF) Scheme Please refer to the Statement on Developmental and Regulatory Policies dated October 4, 2019 and the Press Release

RBI/2020-21/81 DPSS.CO.AD No.900/02.29.005/2020-21 January 05, 2021 (Updated as on June 09, 2022) (Updated as on August 26, 2021) The Chairman / Managing Director / Chief Executive Officer Card Issuing and Acquiring Banks and Non-banks / Authorised Card Networks Madam / Dear Sir, Operationalisation of Payments Infrastructure Development Fund (PIDF) Scheme Please refer to the Statement on Developmental and Regulatory Policies dated October 4, 2019 and the Press Release

Operationalisation of Payments Infrastructure Development Fund (PIDF) Scheme (Updated as on June 09, 2022)

Amendment to Master Direction (MD) on KYC - Centralized KYC Registry - Roll out of Legal Entity Template & other changes

RBI/2020-21/80 DOR.AML.BC.No.31/14.01.001/2020-21 December 18, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Centralized KYC Registry – Roll out of Legal Entity Template & other changes Regulated Entities (REs) have been uploading the KYC data pertaining to all individual accounts opened on or after January 1, 2017 on to CKYCR in terms of the provisions of the Prevention of Money Laundering (M

RBI/2020-21/80 DOR.AML.BC.No.31/14.01.001/2020-21 December 18, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Centralized KYC Registry – Roll out of Legal Entity Template & other changes Regulated Entities (REs) have been uploading the KYC data pertaining to all individual accounts opened on or after January 1, 2017 on to CKYCR in terms of the provisions of the Prevention of Money Laundering (M

Amendment to Master Direction (MD) on KYC - Centralized KYC Registry - Roll out of Legal Entity Template & other changes

Regional Rural Banks - Access to Call/Notice/Term Money Market

RBI/2020-21/78 FMRD.DIRD.01/14.01.001/2020-21 December 04, 2020 All Eligible Market Participants Madam/Sir, Regional Rural Banks- Access to Call/Notice/Term Money Market A reference is invited to the Statement of Developmental and Regulatory Policies dated December 4, 2020 wherein it was announced that Regional Rural Banks (RRBs) shall be permitted to participate in the call/notice/term money market. 2. Accordingly, RRBs shall be permitted to participate in the call/n

RBI/2020-21/78 FMRD.DIRD.01/14.01.001/2020-21 December 04, 2020 All Eligible Market Participants Madam/Sir, Regional Rural Banks- Access to Call/Notice/Term Money Market A reference is invited to the Statement of Developmental and Regulatory Policies dated December 4, 2020 wherein it was announced that Regional Rural Banks (RRBs) shall be permitted to participate in the call/notice/term money market. 2. Accordingly, RRBs shall be permitted to participate in the call/n

Regional Rural Banks - Access to Call/Notice/Term Money Market

External Trade - Facilitation - Export of Goods and Services

RBI/2020-21/77 A.P. (DIR Series) Circular No. 08 December 04, 2020 To, All Category - I Authorised Dealer Banks Madam / Sir, External Trade – Facilitation - Export of Goods and Services Please refer to the Statement on Development and Regulatory Polices announced as part of Bi-monthly Monetary Policy Statement dated December 4, 2020. With a view to further enhance the ease of doing business and quicken the approval process, it has been decided to delegate more powers

RBI/2020-21/77 A.P. (DIR Series) Circular No. 08 December 04, 2020 To, All Category - I Authorised Dealer Banks Madam / Sir, External Trade – Facilitation - Export of Goods and Services Please refer to the Statement on Development and Regulatory Polices announced as part of Bi-monthly Monetary Policy Statement dated December 4, 2020. With a view to further enhance the ease of doing business and quicken the approval process, it has been decided to delegate more powers

External Trade - Facilitation - Export of Goods and Services

Processing of e-mandates for recurring transactions

RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Non-bank Prepaid Payment Instrument issuers / Authorised Card Payment Networks / National Payments Corporation of India Madam / D

RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Non-bank Prepaid Payment Instrument issuers / Authorised Card Payment Networks / National Payments Corporation of India Madam / D

Processing of e-mandates for recurring transactions

Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act)

RBI/2020-21/72 DPSS.CO.AD.No.724/02.27.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive OfficerAuthorised Non-bank Payment System Operators Madam / Dear Sir. Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act) This has reference to the Statement on Developmental and Regulatory Policies dated October 9, 2020 wherein Reserve Bank of Ind

RBI/2020-21/72 DPSS.CO.AD.No.724/02.27.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive OfficerAuthorised Non-bank Payment System Operators Madam / Dear Sir. Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act) This has reference to the Statement on Developmental and Regulatory Policies dated October 9, 2020 wherein Reserve Bank of Ind

Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act)