New FAQ Page 2 - ಆರ್ಬಿಐ - Reserve Bank of India
Gold Monetization Scheme, 2015
Response: Joint deposit of two or more eligible depositors is allowed under the scheme. The deposit will be credited to a joint deposit account opened in name of such depositors. The existing rules on joint operation of bank accounts including nomination will be applicable.
Ans. A Small PPI (with cash loading facility) can be held for a maximum period of 24 months only. The 24 months shall be counted from the day of opening such a PPI. Within this period of 24 months, it has to be converted into a full-KYC PPI failing which, no further credit in such PPI shall be allowed. However, the PPI holder shall be allowed to use the available balance.
ಹೌದು. ದಯವಿಟ್ಟು ಮೇಲಿನ ಪ್ರಶ್ನೆಯ [ಪ್ರಶ್ನೆ ಸಂಖ್ಯೆ 13] ಉತ್ತರ ನೋಡಿರಿ.
ಆದರೆ ಬ್ಯಾಂಕು ಹೆಚ್ಚು ಶುಲ್ಕ ವಿಧಿಸದಿದ್ದರೆ ಮತ್ತು ಬಿಡಿಬಿಡಿಎ ಖಾತೆಗಳಲ್ಲಿ ನಿಗದಿ ಪಡಿಸಿದವುಗಳಿಗಿಂತ ಕನಿಷ್ಠ ಬ್ಯಾಲೆನ್ಸ್ ಇಲ್ಲದೆ ಹೆಚ್ಚು ಸೌಲಭ್ಯಗಳನ್ನು ಉಚಿತವಾಗಿ ನೀಡಿದರೆ ಅಂತಹ ಖಾತೆಗಳನ್ನು ಬಿಎಸ್ಬಿಡಿಎ ಎಂದು ಗುರುತಿಸಬಹುದು.
Ans : Yes, the banking system too benefits from ECS Credit Scheme such as –
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Freedom from paper handling and the resultant disadvantages of handling, presenting and monitoring paper instruments presented in clearing. Ease of processing and return for the destination bank branches.
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Smooth process of reconciliation for the sponsor banks.
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Cost effective.
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IIBs would be a G-Sec and issued as part of the approved Government market borrowing programme.
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Therefore, IIBs would automatically get SLR status.