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Retail Direct Scheme

Investment and Account holdings related queries

For dated G-Sec, T-Bills and SDLs, the amount per unit will be based on the indicative price of the security, the accrued interest and a mark-up.

For SGBs, the funding will be based on the Issue Price declared by RBI for that particular issue.

Indian Currency

D) Soiled and Mutilated Banknotes

The details are available on our website at the following link: www.rbi.org.in>>Issuer of currency>>Notifications

A summary of the old (2009) and amended NRR (2018) is as under:

Note Refund Rules - Amended

Sr. No. As per Old NRR (2009) As per Amended NRR (2018)
1 Notes up to ₹20 denominations

i) area of single largest undivided piece of the note > 50% - Full value
ii) area of largest undivided piece of the note =/< 50% - Reject
No change
2

Notes of ₹50/- and above denominations

i) If area is less than 40% - Reject
ii) If the area is equal to or more than 40% and less than or equal to 65% - Half value
iii) If the area of the single largest undivided pieces is more than 65% - Full value

Notes of ₹50/- & above denominations

i) If area is less than 40% - Reject
ii) If the area is more than or equal to 40% and less than or equal to 80% - Half value
iii) If the area of the single largest undivided pieces is more than 80% - Full value

Foreign Investment in India

II. Foreign Portfolio Investment

Answer: Foreign Portfolio Investors (FPIs) registered in accordance with the provisions of SEBI (FPI) Regulations and NRIs/ OCIs can make investment on the stock exchanges in India, subject to the individual and aggregate limits prescribed in schedules 2 and 3, respectively of FEMA 20(R).III. Investment in other securities

FAQs on Non-Banking Financial Companies

Credit Rating

A. The Credit Rating is the opinion of the Agency about the company’s ability to service its debt. The company has the discretion to accept the Rating or reject it. There is no appellate authority.

External Commercial Borrowings (ECB) and Trade Credits

I. HEDGING UNDER ECB FRAMEWORK

Users may refer to Master Direction on Risk Management and Inter-bank dealings dated July 5, 2016, as amended from time to time.

Government Securities Market in India – A Primer

Domestic Deposits

III. Advances

With effect from April 1, 2002 banks have been charging interest on loans and advances at monthly rests except in the case of agricultural advances (including short term loans and other allied activities) where the existing practice continues.

External Commercial Borrowings (ECB) and Trade Credits

J. Reporting

Any draw-down in respect of an ECB should happen only after obtaining the Loan Registration Number (LRN) from RBI by filing duly certified Form ECB to the Director, External Commercial Borrowings Division, Department of Statistics and Information Management (DSIM), Reserve Bank of India, Bandra-Kurla Complex, Mumbai – 400 051. It should be ensured that all terms and conditions of the ECB are reported correctly in Form ECB and none of the columns are left blank (such columns which are not applicable for the borrowing or against which ‘nil’ information has to be given, should be suitably covered). Changes in ECB parameters, whether under the automatic route with the approval of Authorised Dealer Category –I banks or under the approval route with prior approval of the RBI, should also be reported to the DSIM through revised Form ECB at the earliest, in any case not later than 7 days from the changes effected. While submitting revised Form ECB, the changes should be specifically mentioned in the communication. Any failure to comply with reporting guidelines in respect of Form ECB for an ECB may invite penal action under FEMA.

Foreign Investment in India

III. Investment in other securities

Answer: Foreign Portfolio Investors (FPIs), Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), Foreign Central Banks, Multilateral Development Bank, Long term investors like Sovereign Wealth Funds (SWFs), Multilateral Agencies, Endowment Funds, Insurance Funds and Pension Funds which are registered with SEBI Long Term Investors may invest in other securities as specified in Schedule 5 to Notification No FEMA 20.

Retail Direct Scheme

Investment and Account holdings related queries

At the weighted average price of the successful bids in the auction.

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