Notifications

RBI/2014-15/349 DCBR.BPD (PCB/RCB) Cir. No. 3/12.05.001/2014-15 December 12, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks / State and Central Co-operative Banks (St CBs / CCBs) Madam / Dear Sir, Levy of Penal Charges on Non-maintenance of Minimum Balances in Savings Bank Accounts Please refer to UBD circular UBD.PCB.Cir.No.15/12.05.001/2008-09 dated September 18, 2008 on ‘Display of information relating to interest rate and service charges’

RBI/2014-15/337 DPSS.CO.PD.No.1017/02.23.001/2014-2015 December 04, 2014 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam /Dear Sir Mobile Banking Transactions in India - Operative Guidelines for Banks A reference is invited to our Master Circular RBI/ 2014-15/104 DPSS.CO.PD. Mobile Banking.No.2/02.23.001/2014-15

RBI/2014-15/330 DNBR (PD).CC. No. 005/03.10.42/2014-15 December 1, 2014 All NBFCs Dear Madam/Sir, ‘Know Your Customer’ (KYC) Guidelines /Anti-Money Laundering Standards (AML) / Obligation of NBFCs under Prevention of Money Laundering Act (PMLA), 2002 Obligation of NBFCs – Amendment to Prevention of Money-laundering (Maintenance of Records) Rules 2013. Government of India has notified the “Prevention of Money-Laundering (Maintenance of Records) Amendment Rules, 2013” (

RBI/2014-15/326 DBR.No.BAPD.BC.51/22.01.001/2014-15 November 28, 2014 All Domestic Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Branch Authorisation Policy - Information to be submitted by Banks along with Annual Branch Expansion Plan (ABEP) Please refer to our circulars DBOD.No.BAPD.BC.54/22.01.001/2013-14 dated September 19, 2013, and DBOD.No.BAPD.BC.60/22.01.001/2013-14 dated October 21, 2013 regarding relaxations in Branch Authorisation Policy. Accor

RBI/2014-15/322 DNBR (PD).CC. No.004/03.10.42 /2014-15 November 27, 2014 All NBFCs Dear Sirs, Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) Standards Please refer to DNBS (PD).CC.No. 403/03.10.42/2014-15 dated August 1, 2014 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action Task Force (FATF) has updated its Statement on the subject and document ‘Improving Global AML/CFT Compliance: on-going

RBI/2014-15/319 DCBR.CO.BPD (AD).Cir. No.2 /14.01.062/2014-15 November 26, 2014 The Chief Executive Officer All State / Central Coop. Banks (StCBs/CCBs) Madam/ Dear Sir, Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards Please refer to our circular RPCD.RRB.RCB.AML.No.1288/07.51.018/2014-15 dated July 28, 2014 on risks arising from the deficiencies in AML / CFT regime of certain jurisdictions. 2. Financial Action Task Force (FATF) has

RBI/2014-15/314 DPSS.CO.AD.No.890/02.27.005/2014-15 November 24, 2014 All Payment System Providers, System Participantsand Prepaid Payment Instrument Issuers Madam/Dear Sir, Simplification of Know Your Customer (KYC) Norms – Creating Public awareness Please refer to our circulars/instructions issued from time to time on the captioned subject. In this regard, we enclose a copy of circular DBOD.AML.No.3356/14.01.001/2014-15 dated September 4, 2014 issued by Department o

RBI/2014-15/308 DBR.Dir.BC.No.47/13.03.00/2014-15 November 20, 2014 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Levy of penal charges on non-maintenance of minimum balances in savings bank accounts Please refer to our circular DBOD.Dir.BC.53/13.10.00/2002-03 dated December 26, 2002 on ‘Minimum Balance in Savings Bank Accounts’ advising banks to inform customers, in a transparent manner, regarding the requirement of minimum balance in savings bank ac