ಉತ್ತರ. ಪಿಪಿಐಗಳನ್ನು ನಗದಿನ ಮೂಲಕ, ಬ್ಯಾಂಕ್ ಖಾತೆಗೆ ಡೆಬಿಟ್ ಮಾಡುವ ಮೂಲಕ, ಕ್ರೆಡಿಟ್/ಡೆಬಿಟ್ ಕಾರ್ಡ್ಗಳ ಮೂಲಕ, ಅಥವಾ ಇತರ ಪಿಪಿಐಗಳಿಂದ ಲೋಡ್ ಮಾಡಬಹುದು/ಮರುರೋಡ್ ಮಾಡಬಹುದು. ಪಿಪಿಐಗಳ ಲೋಡಿಂಗ್/ಮರುಲೋಡಿಂಗ್ ಅನ್ನು ಭಾರತದಲ್ಲಿ ನಿಯಂತ್ರಿಸಲ್ಪಡುವ ಘಟಗಳು ನೀಡುವ ಪಾವತಿ ಉಪಕರಣಗಳ ಮೂಲಕ ಹಾಗೂ ಭಾರತದ ರೂಪಾಯಿಗಳಲ್ಲಿ [ಐಎನ್ಆರ್]ಮಾತ್ರ ಇರಬೇಕು. ಬ್ಯಾಂಕುಗಳು ಹಾಗೂ ಬ್ಯಾಂಕೇತರರು ಅಂತಹ ಪಾವತಿ ಉಪಕರಣಗಳನ್ನು ತಮ್ಮ ಅಧಿಕೃತ ಮಳಿಗೆಳು/ಶಾಖೆಗಳು/ಎಟಿಎಮ್ಗಳ ಮೂಲಕ ಅಥವಾ ಅವರ ಅಧಿಕೃತ/ಗೊತ್ತುಪಡಿಸಿದ ಏಜಂಟ್ಗಳ ಮೂಲಕ ನೀಡಲು ಹಾಗೂ ಮರುಲೋಡ್ ಮಾಡಲು ಅನುಮತಿ ನೀಡುತ್ತಾರೆ.

Ans: Yes. ECS can be used to transfer funds to NRE and NRO accounts in the country. This, however, is subject to the adherence to the provisions of the Foreign Exchange Management Act, 2000 (FEMA) and Wire Transfer Guidelines.

For the purpose of studies abroad, exchange for maintenance expenses is released in the form of (i) currency notes up to US$ 2,000, (ii) the balance foreign exchange may be taken in form of traveller’s cheques or bank draft payable overseas.

Ans : The submission of returns to the Reserve Bank will be as specified presently in the case of registered NBFCs.

PM will not be able to place orders on behalf of the client in the web based system. However the PM can continue placing orders for the client in the existing system. But these orders will not be subject to the various risk validations that are available in the Web system.

Banks are free to go ahead with a holistic plan by designing and implementing long-term solutions. However, the banks need to implement ADF for the returns committed under their roadmaps.  Further, the returns identified by Reserve Bank for immediate implementation in a time bound manner also need to be brought under ADF.

Ans While RBI has waived processing charges till March 31, 2008, levy of service charges by banks is left to the discretion of respective banks.

Yes. ECS can be used to transfer funds to NRE and NRO accounts in the country. This, however, is subject to the adherence to the provisions of the Foreign Exchange Management Act, 2000 (FEMA) and Wire Transfer Guidelines.

Ans. The following payments are not eligible to be settled through ACU:-

1. Payments between Nepal and India and Bhutan and India, exception being made in the case of goods imported from India by an importer resident in Nepal who has been permitted by the Nepal Rastra Bank to make payments in foreign exchange. Such payments may be settled outside ACU mechanism; and

2. Payments that are not on account of export / import transactions between ACU members countries except to the extent mutually agreed upon between the Reserve Bank and the other participants; and

3. All eligible current account transactions including trade transactions with Iran should be settled in any permitted currency outside the ACU mechanism until further notice.

Dance troupes, artistes, etc., who wish to undertake cultural tours abroad, should obtain prior approval from the Ministry of Human Resources Development, Government of India, New Delhi.

Ans: The NEFT system is available round the clock throughout the year on all days, i.e., on 24x7x365 basis. NEFT presently operates in batches on half-hourly intervals throughout the day. In case of non-availability of NEFT for any reason, appropriate message will be broadcasted by RBI to all system participants.

An authorisation granted under Section 10(1) of FEMA 1999 may be revoked by the Reserve Bank at any time if the Reserve Bank is satisfied that -

1. it is in public interest so to do; or

2. the authorised person has failed to comply with the condition subject to which the authorisation was granted or has contravened any of the provisions of the Act or any rule, regulation, notification, direction or order made thereunder

Reserve Bank also reserves the right to revoke the authorisation of any of the offices of the authorised person for infringement of any statutory or regulatory provision. The Reserve Bank may at any time vary or revoke any of the existing conditions of an authorisation/licence or impose new conditions.

Ans. The Foreign Contribution Regulation Act, 1976 is administered and monitored by the Ministry of Home Affairs whose address is given below:

Ministry of Home Affairs, FCRA Wing, 1st Floor, Major Dhyan Chand National Stadium, Near Pragati Maidan, New Delhi-110001

No specific approval from the Reserve Bank is required in this regard

Banks should exercise care while affixing stamps on the cheque forms, so that it does not interfere with the material portions such as date, payee’s name, amount, and signature. The use of rubber stamps, etc., should not overshadow the clear appearance of these basic features in image. It is necessary to ensure that all essential elements of a cheque are captured in an image during the scanning process and banks / customers have to exercise appropriate care in this regard.

Banks are also required to verify the security features additional to CTS-2010 standard that have been voluntarily implemented

Yes. The complainant can be filed by one s authorized representative (other than an advocate).

An investor can make only a single bid through any bank or PD under this scheme in each specified auction.

No. Children (including minor) are not eligible for additional interest admissible to bank's staff member/retired staff member.

A. Funding for overseas investment could be made by one or more of the following sources:the balances held in Exchange Earners Foreign Currency account of the Indian party maintained with an authorised dealer,proceeds of ADR/GDR issues,market purchases of foreign exchange,share swap (refers to the acquisition of the shares of an overseas entity by way of exchange of the shares of the Indian entity).Capitalisation of exports, royalties, etc.

• A non-competitive scheme has been devised for participation of such investors in the auction. Under this scheme, investors are required to indicate the amount of their bids and not the price at which they want to subscribe. Allocation to such investors is made at the weighted average price emerged in the competitive bidding.

• Presently in auction, up to 5 per cent of the notified amount is reserved for non-competitive bidding, while up to 20 per cent of the notified amount will be earmarked for such bidding in case of IIBs to encourage retail participation.

• The retail investors will be able to participate in non-competitive bidding through primary dealers (PD) and banks. They can open a gilt account with PDs and banks or demat account for such participation.

• Investor does not need to open a BLA with any bank for making investment.

• After receiving the money and registration of the investor on RBI’s CBS (E-Kuber), the RBI will open a BLA for each investor and issue a “Certificate of Holding” indicating number of units of IINSS-C held by the investor.