Ans. Yes

The lending institutions shall make provisions on the residual debt at the time of implementation of the Resolution Plan, as stipulated in the relevant Resolution Framework. These provisions need to be held, irrespective of changes in the outstanding balance, until the same is reversed in terms of the provisions contained in the relevant Resolution Framework.

ହଁ ! ଅକ୍ଟୋବର 4, 2006 ତାରିଖ ଆମର ପରିପତ୍ର ଡିବିଡିଓ. ସଂ. ଏଲଇଜି. ବିସି. 32 /09.07.005 / 2006-07 ରେ ଥିବା ଆମର ନିର୍ଦ୍ଦେଶନାମା ଅନୁଯାୟୀ ବିଏସବିଡିଏ ଧାରକ ମାନଙ୍କୁ ବିନା ଶୁଳ୍କରେ ପାସବୁକ ସୁବିଧା ପ୍ରଦାନ କରାଯିବା ଉଚିତ ।

Yes. A Government securities holder may nominate any one as a nominee provided that the nominee, as an individual or institution, should be eligible to invest in the particular loan as per the specific Government Loan Notification.

At the time of making applications, the Promoters/Promoter Group will have to furnish a road map and methodologies they would adopt to comply with all the requirements of the corporate structure indicated in para 2 (C)(ii) and (iii) of the guidelines and realign the business between the entities to be held under the NOFHC [para 2(C)(iv) of the guidelines] within a period of 18 months. After the ‘in-principle approval’ is accorded by RBI for setting up of the bank, the actual setting up of NOFHC and the bank, re-organization of the Promoter Group entities to bring the regulated financial services entities under the NOFHC as well as realignment of business among the entities under the NOFHC have to be completed within a period of 18 months from the date of in-principle approval or before commencement of banking business, whichever is earlier.

On maturity, the Gold Bonds shall be redeemed in Indian Rupees and the redemption price shall be based on simple average of closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewelers Association Limited.

Ans. LLP is a body corporate and has a legal entity separate from its partners. Therefore, if the LLP incurs/sponsors the education expense of its partners who are pursuing higher studies for the benefit of the LLP, then the same shall be outside the LRS limit of the individual partners and would instead be deemed as residual current account transaction undertaken by the LLP without any limits.

No. There is no charge or fee for a customer of the RE for filing or for resolving complaints under the RB-IOS, 2021. Further, complainants need not approach any third-party agency to file a complaint with RBI Ombudsman or pay any fee. Complainants can register their complaints by themselves or through a representative through any of the modes mentioned in Question 16 absolutely free of cost.

Ans.: Yes, it is the amount actually received (realised) during the reference period including the billing to subsidiaries/associates abroad.

ଉତ୍ତର. ଆଜ୍ଞା ହଁ । ଜୁଲାଇ 1, 2011 ଠାରୁ ପ୍ରଭାବଶାଳୀ, ବିଫଳ ଏଟିଏମ ଦେଣନେଣ ସମ୍ବନ୍ଧରେ ଅଭିଯୋଗ ପ୍ରାପ୍ତ ହେବା ତାରିଖ ଠାରୁ ଗ୍ରାହକଙ୍କୁ ପୁନ - କ୍ରେଡିଟ୍ କରିବାରେ 7 କାର୍ଯ୍ୟ ଦିବସରୁ ଅଧିକ ବିଳମ୍ବ ପାଇଁ କାର୍ଡ ଜାରିକର୍ତ୍ତା ବ୍ୟାଙ୍କକୁ ପ୍ରତିଦିନ 100 / ଟଙ୍କା କ୍ଷତିପୂରଣ ଦେବାକୁ ପଡିବ । ଗ୍ରାହକଙ୍କ ଦ୍ଵାରା କୌଣସି ଦାବି ନ ହେବା ବିନା କ୍ଷତିପୂରଣ ଗ୍ରାହକଙ୍କ ଆକାଉଣ୍ଟରେ ଜମା କରିବାକୁ ପଡିବ | ତଥାପି, କ୍ଷତିପୂରଣ ପାଇବାକୁ ଯୋଗ୍ୟ ହେବା ପାଇଁ, ଗ୍ରାହକଙ୍କୁ ଦେଣନେଣ ର 30 ଦିନ ମଧ୍ୟରେ ଅଭିଯୋଗ ଦାଖଲ କରିବାକୁ ପଡ଼ିବ ।

Answer: As the transactions will be settled in INR, it will reduce the exchange rate risk for the Indian exporters and importers.

Ans. V-CIP may be used for carrying out the following processes:

1. to undertake CDD in case of onboarding a new individual customer, proprietor in case of proprietorship firm, authorised signatories and beneficial owners in case of Legal Entity customers;
2. to convert existing account opened in non-face-to-face mode using Aadhaar OTP based e-KYC authentication; and
3. for updation/ periodic updation of KYC records of eligible customers.

Response: Yes.

The Standard Operating Procedure for IoRS can be accessed at the link: https://rbi.org.in/web/rbi/-/press-releases/standard-operating-procedure-for-inter-operable-regulatory-sandbox-54528

Ans. The aggrieved applicant or aggrieved system provider can appeal to the Central Government within 30 days from the date on which the order of refusal or revocation is conveyed to him (Section 9 of PSS Act, 2007).

Ans: The programmability feature allows the sponsor entity (government / corporate) or user to ensure that the funds in the CBDC wallets are used for a specific, designated purpose. It can be programmed on different parameters like expiry date, geo-location, merchant category codes, merchant VPA, etc. Currently, the programmability use cases are being explored across Direct Benefits Transfer (DBT) schemes, interest subvention scheme, lending, employee allowances for defined purposes, etc.

Ans. In case of bank issued PPIs, cash withdrawal is permitted at ATMs, PoS devices, BCs, etc. However, cash withdrawal at PoS devices is subject to a limit of ₹ 2,000/- per transaction within an overall monthly limit of ₹ 10,000/- across all locations (Tier 1 to 6 centres).

ବିଏସବିଡିଏ ଖୋଲିବା ସମୟରେ ଗ୍ରାହକଙ୍କଠାରୁ ଲିଖିତ ଆକାରରେ ସମ୍ମତି ପ୍ରାପ୍ତ ହେବା ଉଚିତ ଯେ ବିଏସବିଡିଏ ଖୋଲିବାର 30 ଦିନ ମଧ୍ୟରେ ତାଙ୍କର ବିଦ୍ୟମାନ ଥିବା ଅଣ -ବିଏସବିଡିଏ ସଞ୍ଚୟ ବ୍ୟାଙ୍କ ଖାତା ବନ୍ଦ ହୋଇଯିବ ଏବଂ ବ୍ୟାଙ୍କ 30 ଦିନ ପରେ ଏହିପରି ଖାତା ବନ୍ଦ କରିବା ପାଇଁ ସ୍ଵାଧୀନ ଅଟନ୍ତି ।

Ans : The banking system has many benefits from ECS Debit such as –

• Freedom from paper handling and the resultant disadvantages of handling, receiving and monitoring paper instruments presented in clearing.

• Ease of processing and return for the destination bank branches. Destination bank branches can debit the customers’ accounts after matching the account number of the customer in their database and due verification of existence of valid mandate and its particulars. With core banking systems in place and straight-through-processing, this process can be completed with minimal manual intervention.

• Smooth process of reconciliation for the sponsor banks.

• Cost effective.