Ans.: If the company’s accounts are not audited before the due date of submission, i.e. July 15, then the ITES survey schedule should be submitted based on unaudited (provisional) account.

Ans: The Master Directions require reporting of frauds perpetrated only in the Group entities (subsidiaries / affiliates / joint ventures etc.) belonging to the reporting NBFCs / HFCs. In other words, the reporting requirement is not applicable to the other entities in wider Group to which the reporting NBFC / HFC belongs, which may not be subsidiaries / affiliates / joint ventures etc. of the reporting NBFCs / HFCs.

ಉತ್ತರ. ನಗದು ವಿತರಣೆಯ ಜೊತೆಗೆ, ಎಟಿಎಮ್ಗಳು/ಡಬ್ಲ್ಯೂಎಲ್ಎಗಳು ಗ್ರಾಹಕರಿಗೆ ಅನೇಕ ಇತರ ಸೇವೆಗಳು/ಸೌಲಭ್ಯಗಳನ್ನು ನೀಡಬಹುದು. ಈ ಕೆಲವು ಸೇವೆಗಳು ಒಳಗೊಂಡಿರುತ್ತವೆ :

• ಖಾತೆಯ ಮಾಹಿತಿ
• ನಗದು ಠೇವಣಿ [ಡಬ್ಲ್ಯೂಎಲ್ಎಗಳಲ್ಲಿ ಅನುಮತಿಸಲಾಗುವುದಿಲ್ಲ]
• ನಿಯಮಿತ ಬಿಲ್ಗಳ ಪಾವತಿ [ಡಬ್ಲ್ಯೂಎಲ್ಎಗಳಲ್ಲಿ ಅನುಮತಿಸಲಾಗುವುದಿಲ್ಲ]
• ಮೊಬೈಲ್ಗಳಿಗಾಗಿ ರೀ-ಲೋಡ್ ವ್ಹೌಚರಗಳ ಖರೀದಿ
• ಮಿನಿ/ಶಾರ್ಟ್ ಸ್ಟೇಟ್ಮೆಂಟ್ ಜನರೇಷನ್
• ಪಿನ್ ಬದಲಾವಣೆ
• ಚೆಕ್ ಬುಕ್ಗಾಗಿ ಕೋರಿಕೆ

Answer: This is essentially a bank-to-bank arrangement similar to correspondent banking arrangement.

Ans.  Following documents are required for opening of an account by an individual:

(a) any one of the following Officially Valid Documents (OVDs) or the equivalent e-document thereof, containing details of his name and address, viz.,

• the passport,
• the driving licence, 
• proof of possession of Aadhaar number,
• the Voter's Identity Card issued by the Election Commission of India,
• the job card issued by NREGA duly signed by an officer of the State Government, and
• the letter issued by the National Population Register.

(b) the Permanent Account Number (PAN) or the equivalent e-document, thereof, or Form No. 60 as defined in Income-tax Rules, 1962; and

(c) other documents in respect of the nature of business and financial status of the customer, or the equivalent e-documents thereof, as may be required by the RE.

Response: The minimum deposit at any one time is 10 grams of raw gold (bars, coins, jewellery excluding stones and other metals) and there is no maximum limit for deposit under the scheme. The quantity of gold deposited will be expressed up to three decimals of a gram.

A sub-target of 7.5% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposure (CEOBE), whichever is higher, towards lending to the Micro-enterprises under overall Priority Sector Lending has been prescribed for Domestic commercial banks, Foreign banks with 20 branches and above, Regional Rural Banks and Small Finance Banks.

The IoRS supports innovation that requires collaboration between multiple regulators while the individual sandboxes of regulators cater to the solutions within the purview of a single regulator. Thus, IoRS is a unified mechanism that bridges the complexities of bespoke regulatory sandbox frameworks of different financial sector regulators and helps in fostering cross-sectoral innovation.