Notifications

RBI/2014-15/383 DNBR(PD).CC.No.009/03.10.42/2014-15 January 2, 2015 All NBFCs Dear Sirs, Know your Customer (KYC) Norms/Anti-Money Laundering (AML) standards/ Combating of Financing of Terrorism (CFT)/ Obligation of NBFCs under Prevention of Money laundering Act (PMLA), 2002 - Client Due Diligence measures Please refer to our Master Circular DNBS(PD) CC.No.387/03.10.42/ 2014-15 July 1, 2014, as per which NBFCs are required to undertake ‘Client Due Diligence’ and apply

RBI/2014-15/372 DBR. AML.No. 9644/14.07.018/2014-15 December 30, 2014 The Chairpersons / CEOs of all Scheduled Commercial Banks RRBs/Local Area Banks / All India Financial Institutions Dear Madam/Sir, Inter-Governmental Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA)- Registration Please refer to our circular DBOD. AML. No. 20472 /14.07.018/2013-14 dated June 27, 2014 on the captioned subject. 2. Government of India

RBI/2014-15/363 DBR.RRB.BC.No.55/03.05.33/2014-15 December 22, 2014 All Regional Rural Banks Dear Sir/Madam, Levy of penal charges on non-maintenance of minimum balances in savings bank accounts Please refer to our circular RPCD.CO.RRB.BC.No.100/03.05.33/2013-14 dated May 12, 2014 on ‘Customer Service in Regional Rural Banks’ advising RRBs to inform customers, in a transparent manner, regarding the requirement of minimum balance in savings bank account and levy of pen

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/2014-15/330 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