Ans.: Total invoice value must be in Indian Rupees (INR) in actuals (which should also include billing to subsidiary(s)/associate(s)) during the reference period.

Ans: Currently, opening of e₹ wallets is linked to user’s saving accounts. This linkage facilitates frictionless user onboarding and obviates the need for separate KYC requirement. Based on the feedback and emerging use cases, new models of user on-boarding are also being explored.

Since instructions related to GST are issued by Central Board of Indirect Taxes & Customs (CBIC), instructions and clarifications, if any, issued by CBIC in this regard may be followed.

The following REs of RBI are covered under the RB-IOS, 2021:

(i) Banks: All commercial banks, including Public Sector Banks, Private Sector Banks, Foreign Banks, Local Area Banks, Small Finance Banks, Payment Banks, Regional Rural Banks, Scheduled Primary (Urban) Co-operative Banks and Non-scheduled Primary (Urban) Co-operative Banks with deposit size of ₹50 Crore and above, as on the date of the audited balance sheet of the previous financial year;

(ii) NBFCs registered with RBI: All Non-Banking Financial Companies (excluding Housing Finance Companies) which (a) are authorized to accept deposits; or (b) have customer interface, with an assets size of ₹100 crore and above as on the date of the audited balance sheet of the previous financial year;

Note: Core Investment Companies, Infrastructure Debt Fund-Non-banking Financial Companies, Non-Banking Financial Companies-Infrastructure Finance Companies, companies in resolution or winding up / liquidation, or any other NBFC specified by RBI are excluded from the ambit of the RB-IOS, 2021.

(iii) System Participants: All Payment System Participants - banks as well as non-banks regulated by RBI are covered under the RB-IOS, 2021. These entities issue Prepaid Payment Instruments (PPIs) and facilitate transactions over National Electronic Funds Transfer (NEFT) / Real Time Gross Settlement (RTGS) / Immediate Payment Service (IMPS) / Unified Payments Interface (UPI) / Bharat Bill Payment System (BBPS) / Bharat QR Code / *99# mobile transaction service using Unstructured Supplementary Service Data (USSD) / Aadhaar Enabled Payment System (AePS), etc.

(iv) Credit Information Companies: All Credit Information Companies as defined in the Companies Act, 2013 (18 of 2013) and granted a Certificate of Registration under sub-section (2) of section 5 of the Credit Information Companies (Regulation) Act, 2005 (30 of 2005).

The list of entities, periodically updated, covered under the RB-IOS, 2021 is available at https://cms.rbi.org.in/cms/assets/Documents/RBIO_English_Portal.pdf.

ಉತ್ತರ. ಹೌದು, ನವೆಂಬರ್ 01,2014ರಿಂದ ಜಾರಿಗೆ ಬಂದಂತೆ ಬ್ಯಾಂಕ್ ತನ್ನ ಉಳಿತಾಯ ಬ್ಯಾಂಕ್ ಖತೆದಾರರಿಗೆ ಎಟಿಎಮ್ಗಳಲ್ಲಿ ಕನಿಷ್ಠ ಸಂಖ್ಯೆಯ ಉಚಿತವಹಿವಾಟುಗಳನ್ನು ಈ ಕೆಳಗಿನಂತೆ ನೀಡಬೇಕು :

• ಯಾವುದೇ ಸ್ಥಳದಲ್ಲಿ ಬ್ಯಾಂಕಿನ ಸ್ವಂತ ಎಟಿಎಮ್ಗಳಲ್ಲಿ [ಆನ್-ಅಸ್ ವಹಿವಾಟುಗಳು] ವಹಿವಾಟುಗಳು: ಎಟಿಎಮ್ಗಳು ಸ್ಥಳವನ್ನು ಲೆಕ್ಕಿಸದೇ , ಬ್ಯಾಂಕುಗಳು ತಮ್ಮ ಉಳಿತಾಯ ಬ್ಯಾಂಕ್ ಖಾತೆದಾರರಿಗೆ ಒಂದು ತಿಂಗಳದಲ್ಲಿ ಕನಿಷ್ಠ ಐದು ಉಚಿತ ವಹಿವಾಟುಗಳನ್ನು [ಹಣಕಾಸಿನ ಹಾಗೂ ಹಣಕಾಸೇತರ ಎರಡನ್ನೂ ಒಳಗೊಂಡು] ನೀಡಬೇಕು
• ಮೆಟ್ರೋ ಸ್ಥಳಗಳಲ್ಲಿ ಯಾವುದೇ ಇತರ ಬ್ಯಾಂಕ್‌ಗಳ ಎಟಿಎಮ್‌ಗಳಲ್ಲಿ [ಆಫ್‌-ಅಸ್‌ ವಹಿವಾಟುಗಳು ]ವಹಿವಾಟುಗಳು : ಆರು ಮೆಟ್ರೋ ಸ್ಥಳಗಳಲ್ಲಿ ಎಟಿಎಮ್‌ಗಳು ಇದ್ದ ಸಂದರ್ಭದಲ್ಲಿ, ಅಂದರೆ ಮುಂಬೈ,ಹೊಸ ದೆಲ್ಲಿ,ಚೆನ್ನೈ,ಕಲ್ಕತ್ತಾ,ಬೆಂಗಳೂರು,ಹೈದರಾಬಾದ್‌, ಬ್ಯಾಂಕುಗಳು ತಮ್ಮ ಉಳಿತಾಯ ಬ್ಯಾಂಕ್‌ ಖಾತೆದಾರರಿಗೆ ಒಂದು ತಿಂಗಳದಲ್ಲಿ ಕನಿಷ್ಠ ಮೂರು ಉಚಿತ ವಹಿವಾಟುಗಳನ್ನು [ಹಣಕಾಸಿನ ಹಾಗೂ ಹಣಕಾಸೇತರ ಎರಡನ್ನೂ ಒಳಗೊಂಡು] ನೀಡಬೇಕು.
• ನಾನ್ -ಮೆಟ್ರೋಸ್ಥಳಗಳಲ್ಲಿ ಯಾವುದೇ ಇತರ ಬ್ಯಾಂಕ್ಗಳ ಎಟಿಎಮ್ಗಳಲ್ಲಿ [ಆಫ್-ಅಸ್ ವಹಿವಾಟುಗಳು ]ವಹಿವಾಟುಗಳು : ಮೇಲಿನ ಆರು ಮೆಟ್ರೋ ಸ್ಥಳಗಳನ್ನು ಹೊರತುಪಡಿಸಿ ,ಯಾವುದೇ ಸ್ಥಳಗಳಲ್ಲಿ ,ಇತರ ಬ್ಯಾಂಕ್ ಎಟಿಎಮ್ಗಳಲ್ಲಿ ಬ್ಯಾಂಕ್ಗಳು ಉಳಿತಾಯ ಬ್ಯಾಂಕ್ ಖಾತೆದಾರರಿಗೆ ಒಂದು ತಿಂಗಳದಲ್ಲಿ ಕನಿಷ್ಠ ಐದು ಉಚಿತ ವಹಿವಾಟುಗಳನ್ನು [ಹಣಕಾಸಿನ ಹಾಗೂ ಹಣಕಾಸೇತರ ಎರಡನ್ನೂ ಒಳಗೊಂಡು] ನೀಡಬೇಕು.

Response: The deposit under STBD (1-3 years) can be made for only specified timeframe. The deposit can be subsequently renewed upon maturity.

The Ministry of MSME, Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) with a view to facilitate flow of credit to the MSE sector without the need for collaterals / third party guarantees. The main objective of the scheme is that the lender should give importance to project viability and secure the credit facility purely on the primary security of the assets financed. The Credit Guarantee scheme (CGS) seeks to reassure the lender that, in the event of a MSE unit, which availed collateral - free credit facilities, failing to discharge its liabilities to the lender, the Guarantee Trust would make good the loss incurred by the lender to the tune of 75-90 per cent of the outstanding amount in default.

The CGTMSE would provide cover for credit facility up to ₹10 crore which have been extended by lending institutions without any collateral security and /or third party guarantees. A guarantee and annual service fee is charged by the CGTMSE to avail of the guarantee cover. For more details you may visit www.cgtmse.in.

ಉತ್ತರ. ಕನಿಷ್ಠ ವಿವರಗಳು ಒನ್ ಟೈಮ್ ಪಿನ್[ಒಟಿಪಿ]ಯೊಂದಿಗೆ ಪರಿಶೀಲಿಸಿದ ಮೊಬೈಲ್ ನಂಬರ್ ಹಾಗೂ ಪಿಎಮ್ಎಲ್ ರೂಲ್ಸ್, 2005ರ ರೂಲ್ 2[ಡಿ] ಅಡಿಯಲ್ಲಿ ವ್ಯಾಖ್ಯಾನಿಸಲಾದ ಯಾವುದೇ ‘ಆಫಿಶಿಯಲಿ ವ್ಯಾಲಿಡ್ ಡಾಕ್ಯೂಮೆಂಟ್ [ಒವಿಡಿ]’ಯ ಹೆಸರಿನ ಸ್ವಯಂ ಘೋಷಣೆ ಹಾಗೂ ವಿಶಿಷ್ಟ ಗುರುತಿನ ಸಂಖ್ಯೆಯನ್ನು ಅಥವಾ ಪಿಎಮ್ಎಲ್ ರೂಲ್ಸ್, 2005ರ ಅಡಿಯಲ್ಲಿ, ಅನ್ವಯವಾಗುವಂತೆ, ಯಾವುದೇ ಕಡ್ಡಾಯ ಕಾಗದಪತ್ರಗಳನ್ನು ಒಳಗೊಂಡಿರುತ್ತದೆ.

'ಬೇಸಿಕ್ ಸೇವಿಂಗ್ಸ್ ಬ್ಯಾಂಕ್ ಡಿಪೋಸಿಟ್ ಅಕೌಂಟ್'ನಲ್ಲಿ ಉಚಿತವಾಗಿ ದೊರೆಯುವ ಸೇವೆಗಳೆಂದರೆ, ನಗದು ಡಿಪೋಸಿಟ್ ಮತ್ತು ವಿಥ್ಡ್ರಾವಲ್, ಎಲೆಕ್ಟ್ರಾನಿಕ್ ಪೇಮೆಂಟ್ಸ್ ಚನೆಲ್ಸ್ ಅಥವಾ ಡಿಪೋಸಿಟ್ ಮೂಲಕ ಹಣ ಸ್ವೀಕರಿಸುವುದು/ಕ್ರೆಡಿಟ್ ಪಡೆಯುವುದು, ಬ್ಯಾಂಕು ಶಾಖೆಗಳಲ್ಲಿ ಅಥವಾ ಎಟಿಮ್ಗಳಲ್ಲಿ ಚೆಕ್ ಸಂಗ್ರಹಿಸಿಸುವುದು.

Ans: If a Destination Bank is not in a position to credit the beneficiary account due to any reason, the same would be returned to the ECS Centre to enable the ECS Centre to pass on the uncredited items to the User Institution through the Sponsor Bank. The User Institution can then initiate payment through alternate modes to the beneficiary.

In case of delayed credit by the destination bank, the destination bank would be liable to pay penal interest (at the prevailing RBI LAF Repo rate plus two percent) from the due date of credit till the date of actual credit. Such penal interest should be credited to the Destination Account Holder’s account even if no claim is lodged to the effect by the Destination Account Holder.

All NDS OM-Web GAH users would need to use Digital Certificates issued by the designated Certifying Authority obtained by the respective PM, embedded into e-tokens (of the prescribed configuration) supplied to them by their PM. A safe, reliable, stable internet connection with suitable bandwidth is necessary for efficient operations. A modern PC with contemporary configuration, minimum 1 GB RAM, Operating System - Windows XP and above will be required.  Only IE Browser - 7 and above can be used for accessing OM-Web.

Ans : IDF-NBFCs shall invest only in PPP and post COD infrastructure projects which have completed at least one year of satisfactory commercial operation and are a party to a Tripartite Agreement with the Concessionaire and the Project Authority for ensuring a compulsory buyout with termination payment.

The granularity to be built in the system should be able to meet the current requirements of regulatory reporting as prescribed by various departments of Reserve Bank. However, over and above this, banks are free to determine and have a finer granularity not only to meet ad- hoc requirements of RBI from time to time but also for internal MIS..

If a Destination Bank is not in a position to credit the beneficiary account due to any reason, the same would be returned to the ECS Centre to enable the ECS Centre to pass on the uncredited items to the User Institution through the Sponsor Bank. The User Institution can then initiate payment through alternate modes to the beneficiary. In case of delayed credit by the destination bank, the destination bank would be liable to pay penal interest (at the prevailing RBI LAF Repo rate plus two percent) from the due date of credit till the date of actual credit. Such penal interest should be credited to the Destination Account Holder’s account even if no claim is lodged to the effect by the Destination Account Holder.

Deposit insurance premium is borne entirely by the insured bank.

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: There are no charges to be levied for inward transactions at destination bank branches for giving credit to beneficiary accounts.

For outward transactions undertaken using the NEFT system, RBI stopped levying processing charges on member banks from July 01, 2019.

Also, in order to give further impetus to digital retail payments, banks have been advised to not levy any charges from their savings bank account holders for NEFT funds transfers initiated online with effect from January 01, 2020.

The maximum charges which originating bank can be levy from its customers for other outward transactions, if they so desire, are given below: –

- For transactions up to ₹10,000 : not exceeding ₹2.50 (+ Applicable GST)

- For transactions above ₹10,000 up to ₹1 lakh: not exceeding ₹5 (+ Applicable GST)

- For transactions above ₹1 lakh and up to ₹2 lakhs: not exceeding ₹15 (+ Applicable GST)

- For transactions above ₹2 lakhs: not exceeding ₹25 (+ Applicable GST)

The details about charges applicable for transferring funds from India to Nepal using the NEFT system under the INRF Scheme is available on the RBI website at /en/web/rbi/faq-page-2?ddm__keyword__26256231__FaqDetailPage2Title_en_US=Indo-Nepal Remittance Facility scheme.

The objective of the Scheme is to provide easier foreign exchange conversion facilities for travellers and tourists, including Non Resident Indians (NRIs), by enlarging the network of money changing facilities in the country. It is expected that the facility of Franchisee arrangement will enable AD Category-I banks, ADs Category-II and FFMCs to provide such facilities at all tourist centres and major cities during extended hours and on holidays.

Ans. Taking personal jewellery out of India is as per the Baggage Rules, governed and administered by Customs Department, Government of India. While no approval of the Reserve Bank is required in this case, approvals, if any, required from Customs Authorities may be obtained.