Yes. Foreign nationals resident in India can open and maintain resident Rupee account in India.

Authorised dealers can permit such remittance, subject to the position stated for Question 1 above, after netting of the commission of local advertisement agent, as also local television channel agent and applicable taxes. Authorised dealers are required to satisfy themselves about the applicant's eligibility to advertise, bonafides of the transactions, and that they are in compliance with the Government of India Notification No.G.S.R.381(E) dated May 3, 2000 and S.O.301(E) dated March 30, 2001.

ADF seeks to ensure submission of correct and consistent data from the banks straight from their systems to Reserve Bank without any manual intervention.

Ans. The PSS Act, 2007 provides for the regulation and supervision of payment systems in India and designates the Reserve Bank of India (Reserve Bank) as the authority for that purpose and all related matters. The Reserve Bank is authorized under the Act to constitute a Committee of its Central Board known as the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS), to exercise its powers and perform its functions and discharge its duties under this statute. The Act also provides the legal basis for “netting” and “settlement finality”. This is of great importance, as in India, other than the Real Time Gross Settlement (RTGS) system all other payment systems function on a net settlement basis.

If cheques are lost in transit or in the clearing process or at the paying bank's branch under physical instrument delivery clearing, the bank should immediately bring the same to the notice of the presenting customer (beneficiary)’s notice so that the customer can inform the drawer to record stop payment and can also take care that other cheques issued anticipating the credit arising out of the lost cheque are not dishonoured due to non-credit of the amount of the lost cheques / instruments.

It may however be noted that the probability of losing the physical instrument in the hands of paying bank is remote in the locations covered by CTS as clearing is undertaken on the basis of images. If the instrument is lost after lodging with the collecting bank but before truncating the same for sending through image-based clearing, the presenting bank should follow the procedure indicated above.

The customer is entitled to be reimbursed by banks for related expenses for obtaining duplicate instruments and interest for reasonable delays in obtaining the same.

Ans : Infrastructure Debt Funds (IDFs), can be set up either as a Trust or as a Company. A trust based IDF would normally be a Mutual Fund (MF), regulated by SEBI, while a company based IDF would normally be a NBFC regulated by the Reserve Bank.

Ans. Under scale-based regulations (SBR) for NBFCs, an NBFC-IFC can be in the middle layer or the upper layer (and not in the base layer), as the case may be. Depending on the layer under which an NBFC-IFC is placed, the exposure limits are given below:

	Exposure limits for the NBFC- IFCs in the middle layer (as a % of Tier 1 capital)	Exposure limits for NBFC-IFCs in the upper layer as per large exposure framework (as % of eligible capital base)
Single borrower	30%	25% (additional 5% with Board approval)
Single group of borrowers	50%	35%

To further enhance the access of such Gilt Account Holders (herein after referred to as GAHs) to NDS-OM, an internet based web application is provided to such clients who can now have direct access to NDS –OM, the system owned by RBI. The internet based utility permits GAH to directly trade (buying and selling) in Government Securities (G-Sec) in the secondary market. The access is however, subject to controls by respective Primary Member (PM) with whom GAHs have gilt account and current account.

An application can be any application, addressed to any department of RBI, through which members of the public can apply (except such applications for which specific instructions have been given regarding mode of submission, etc.)

Bank’s lending to the Micro, Small and Medium enterprises as under is eligible to be reckoned for priority sector advances:

(i) The definition of MSMEs will be as per Government of India, Gazette Notification S.O. 2119 (E) dated June 26, 2020 read with circulars FIDD.MSME & NFS.BC.No.3/06.02.31/2020-21 dated July 2, 2020, FIDD.MSME & NFS. BC. No.4/06.02.31/2020-21 dated August 21, 2020, FIDD.MSME & NFS.BC.No.13/06.02.31/2021-22 dated July 07, 2021 and updated from time to time.

(ii) Further, such MSMEs should be engaged in the manufacture or production of goods, in any manner, pertaining to any industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951 or engaged in providing or rendering of any service or services. All bank loans to MSMEs conforming to the above guidelines qualify for classification under priority sector lending.

Detailed guidelines on lending to the Micro, Small and Medium enterprises are available in our Master Direction FIDD.MSME & NFS.12/06.02.31/2017-18 dated July 24, 2017. The instructions issued by RBI, to banks, on various matters are available on our website www.rbi.org.in.

(a) The extant guidelines as detailed below do not permit REs to offer differential rate of interest on green deposits:

• Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 03, 2016;

• Master Direction - Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016 dated August 25, 2016; and

• Master Direction - Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021 dated February 17, 2021.

(b) The REs shall pay interest on green deposits to their customers as per agreed terms and conditions and aforesaid directions irrespective of allocation/ utilisation of proceeds.

(c) There is no restriction on premature withdrawal of green deposits, however, the REs, shall adhere to the extant guidelines referred to above. Further, premature withdrawal would not have any bearing on the activities/ projects undertaken using the proceeds of green deposits.

Ans: IIBs are government securities and as such should be classified accordingly as indicated in para 2 (i) of Master circular on investments:

Classification

i) The entire investment portfolio of the banks (including SLR securities and non-SLR securities) should be classified under three categories

viz. 'Held to Maturity',

'Available for Sale' and 'Held for Trading'

* However, in the balance sheet, the investments will continue to be disclosed as per the existing six classifications:

viz. a) Government securities,

b) Other approved securities,

c) Shares,

d) Debentures & Bonds,

e) Subsidiaries / joint ventures and

f) Others (CP, Mutual Fund Units, etc.).

Ans. Following links can be perused for understanding RTGS and NEFT systems: -

RTGS System Regulations

NEFT Procedural Guidelines

FAQs on RTGS

FAQs on NEFT

Master Guidelines on Access Criteria for Payment Systems

Ans. The Central Banks and the Monetary Authorities of Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka are currently the members of the ACU.

• The DICGC insures all deposits such as savings, fixed, current, recurring, etc. deposits except the following types of deposits

• Deposits of foreign Governments;

• Deposits of Central/State Governments;

• Inter-bank deposits;

• Deposits of the State Land Development Banks with the State co-operative bank;

• Any amount due on account of and deposit received outside India

• Any amount, which has been specifically exempted by the corporation with the previous approval of Reserve Bank of India

Ans The EFT system presently covers all the branches of the 27 public sector banks and 55 scheduled commercial banks at the 15 centres (viz., Ahmedabad, Bangalore, Bhubneshwar, Kolkata, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Kanpur, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthpuram). Funds transfer is possible from any branch of these banks at these centres to other branch of any bank at these centres both inter-city and intra-city.

Answer: A Foreign Currency Account is an account held or maintained in currency other than the currency of India or Nepal or Bhutan.

ಇಲ್ಲ. 'ನೋ-ಫ್ರಿಲ್ಸ್' ಖಾತೆಗಳ ಮೇಲೆ ನವೆಂಬರ್ 11, 2005ರ ಸುತ್ತೋಲೆ ಸಂಖ್ಯೆ DBOD.No.Leg BC.44/09.07.005/2005-06ರಲ್ಲಿರುವ ಸೂಚನೆಗಳನ್ನು ರದ್ದುಗೊಳಿಸಿ, ಬ್ಯಾಂಕುಗಳು ತಮ್ಮ ಎಲ್ಲಾ ಗ್ರಾಹಕರಿಗೆ ’ ಬೇಸಿಕ್ ಸೇವಿಂಗ್ಸ್ ಬ್ಯಾಂಕ್ ಡಿಪೋಸಿಟ್ ಅಕೌಂಟ್ ’ನ್ನು ಅಲ್ಲಿ ನಮೂದಿಸಲಾದಕನಿಷ್ಠ ಸಾಮಾನ್ಯ ಸೌಲಭ್ಯಗಳೊಂದಿಗೆ ನೀಡಬೇಕೆಂದು ಆಗಸ್ಟ್ 10, 2012ರ DBOD.No.Leg.BC.35/09.07.005/20012-13 ಸುತ್ತೋಲೆಯಲ್ಲಿ ಆದೇಶಿಸಲಾಗಿದೆ. ಬ್ಯಾಂಕುಗಳು ಈಗಿರುವ ’ ನೋ-ಫ್ರಿಲ್ಸ್’ ಖಾತೆಗಳನ್ನು ’ ಬೇಸಿಕ್ ಸೇವಿಂಗ್ಸ್ ಬ್ಯಾಂಕ್ ಡಿಪೋಸಿಟ್ ಅಕೌಂಟ್ಸ್’’ಗಳಾಗಿ ಪರಿವರ್ತಿಸಬೇಕಾಗಿದೆ.

ಉತ್ತರ. ಪಿಪಿಐಗಳು ಅಂತಹ ಉಪಕರಣಗಳಲ್ಲಿ ಸಂಗ್ರಹವಾಗಿರುವ ಮೌಲ್ಯದ ಮೇಲೆ ಹಣಕಾಸು ಸೇವೆಗಳು,ಹಣ ರವಾನೆಗಳು, ಮುಂತಾದವುಗಳನ್ನೊಳಗೊಂಡು , ಸರಕುಗಳು ಹಾಗೂ ಸೇವೆಗಳನ್ನು ಖರೀದಿಸಲು ಅನುಕೂಲವಾಗುವ ಸಾಧನಗಳಾಗಿವೆ. ದೇಶದಲ್ಲಿ ನೀಡಬಹುದಾದ ಪಿಪಿಐಗಳನ್ನು ಮೂರು ಪ್ರಕಾರಗಳ ಅಡಿಯಲ್ಲಿ ವರ್ಗೀಕರಿಸಲಾಗಿದೆ ಅಂದರೆ [1]ಕ್ಲೋಸ್ಡ್ ಸಿಸ್ಟಮ್ ಪಿಪಿಐಗಳು , [2]ಸೆಮಿ- ಕ್ಲೋಸ್ಡ್ ಸಿಸ್ಟಮ್ ಪಿಪಿಐಗಳು, ಹಾಗೂ [3]ಓಪನ್ ಸಿಸ್ಟಮ್ ಪಿಪಿಐಗಳು.

ಉತ್ತರ. ಬ್ಯಾಂಕೇತರರು ಸ್ಥಾಪಿಸಿದ, ಒಡೆತನಹೊಂದಿದ ಹಾಗೂ ನಿರ್ವಹಿಸುವ ಎಟಿಎಮ್ಗಳನ್ನು ಡಬ್ಲ್ಯೂಎಲ್ಎಗಳು ಎಂದು ಕರೆಯಲಾಗುತ್ತದೆ. ಬ್ಯಾಂಕೇತರ ಎಟಿಎಮ್ ನಿರ್ವಾಹಕರುಗಳಿಗೆ ಪೇಮೆಂಟ್ &ಸೆಟ್ಲಮೆಂಟ್ ಸಿಸ್ಟಮ್ಸ್ ಆ್ಯಕ್ಟ್ ,2007ಅಡಿಯಲ್ಲಿ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ ಆಫ್ ಇಂಡಿಯಾ[ ಆರ್ಬಿಐ] ಅಧಿಕಾರ ನೀಡಿದೆ. ಅಧಿಕೃತ ಡಬ್ಲ್ಯೂಎಲ್ಎನಿರ್ವಾಹಕರ ಪಟ್ಟಿಯು ಆರ್ಬಿಐ ವೆಬ್ಸೈಟ್ ನಲ್ಲಿ https://www.rbi.org.in/Scripts/PublicationsView.aspx?id=12043ಲಿಂಕ್ನಲ್ಲಿ ಲಭ್ಯವಿರುತ್ತದೆ