Financial Inclusion and Development

StCBs/DCCBs - Interest Rates on NRE Deposits

RBI/2006-2007/249 RPCD.CO.RF.BC.No. 44/07.38.01/2006-07 February 6, 2007 @@NBSP@@ All State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our Circular RPCD.CO.RF.BC No. 75/07.38.01/2005-06 dated April 19, 2006 on Interest Rates on NRE Rupee Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31

RBI/2006-2007/249 RPCD.CO.RF.BC.No. 44/07.38.01/2006-07 February 6, 2007 @@NBSP@@ All State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our Circular RPCD.CO.RF.BC No. 75/07.38.01/2005-06 dated April 19, 2006 on Interest Rates on NRE Rupee Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31

StCBs/DCCBs - Interest Rates on NRE Deposits

Interest Rate on FCNR(B) Deposits

RBI/2006-2007/250 RPCD.CO.RF.BC.46/07.38.01/2006-07 February 6, 2007 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to our circular RPCD.CO.RF.BC 72/07.38.01/2005-06 dated March 31, 2006 on Interest Rate on FCNR(B) Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31, 2007 (extract of pa

RBI/2006-2007/250 RPCD.CO.RF.BC.46/07.38.01/2006-07 February 6, 2007 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to our circular RPCD.CO.RF.BC 72/07.38.01/2005-06 dated March 31, 2006 on Interest Rate on FCNR(B) Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31, 2007 (extract of pa

Interest Rate on FCNR(B) Deposits

Cheque Drop Box Facility and the facility for acknowledgement of cheques

RBI/2006-07/221 RPCD.CO.RF.BC.NO./40/07.40.06/2006-07 December 26, 2006The Chairmen/ CEOs of all State/Central Co-operative BanksDear Sir, Cheque Drop Box Facility and the facility for acknowledgement of cheques. Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers

RBI/2006-07/221 RPCD.CO.RF.BC.NO./40/07.40.06/2006-07 December 26, 2006The Chairmen/ CEOs of all State/Central Co-operative BanksDear Sir, Cheque Drop Box Facility and the facility for acknowledgement of cheques. Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers

Cheque Drop Box Facility and the facility for acknowledgement of cheques

Cheque drop Facility-RRBs

RBI/2006-07/220 RPCD.CO.RRB.BC NO./ 39/03.05.33(E)/2006-07 December 26, 2006 ToAll Regional Rural Banks (RRBs)Dear Sir,Cheque Drop Box Facility and the facility for acknowledgement of cheques.Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers should not be compel

RBI/2006-07/220 RPCD.CO.RRB.BC NO./ 39/03.05.33(E)/2006-07 December 26, 2006 ToAll Regional Rural Banks (RRBs)Dear Sir,Cheque Drop Box Facility and the facility for acknowledgement of cheques.Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers should not be compel

Cheque drop Facility-RRBs

StCBs/RRBs - Increase in CRR

RBI/2006-07/202 RPCD.CO.RF.BC 38/07.02.01/2006-07 December 11, 2006 All Scheduled State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our circular RPCD.RF.BC. 93/07.02.01/2005-2006@@NBSP@@ (RBI/2005-06/424) dated June 22, 2006 on the above subject. On review of current macroeconomic and monetary conditions, it has been decided to increase Cash Reserve Ratio (C

RBI/2006-07/202 RPCD.CO.RF.BC 38/07.02.01/2006-07 December 11, 2006 All Scheduled State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our circular RPCD.RF.BC. 93/07.02.01/2005-2006@@NBSP@@ (RBI/2005-06/424) dated June 22, 2006 on the above subject. On review of current macroeconomic and monetary conditions, it has been decided to increase Cash Reserve Ratio (C

StCBs/RRBs - Increase in CRR

Customer Service- Non issuance of passbooks to SB Account-holders (Individuals)-RRBs

RBI/2006-07/152 RPCD.CO.RRB.BC No. 29/03.05.28-A /2006-07 October 13, 2006 All Regional Rural Banks Dear Sir, Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals) As you are aware, a passbook is a ready reckoner of transactions and being handy and compact, is far more convenient to the small customer than a statement of account which has some inherent difficulties viz need of filing, tallying of opening balance with closing balance

RBI/2006-07/152 RPCD.CO.RRB.BC No. 29/03.05.28-A /2006-07 October 13, 2006 All Regional Rural Banks Dear Sir, Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals) As you are aware, a passbook is a ready reckoner of transactions and being handy and compact, is far more convenient to the small customer than a statement of account which has some inherent difficulties viz need of filing, tallying of opening balance with closing balance

Customer Service- Non issuance of passbooks to SB Account-holders (Individuals)-RRBs

Customer Service- Non issuance of passbooks to SB Account-holders (Individuals)-StCBs/DCCBs

RBI/2006-07/147 RPCD.CO.RF.BC 28/07.40.06/2006-07 October 11, 2006All State and District Central Co-operative Banks (StCBs/DCCBs)Dear Sir,Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals) As you are aware, a passbook is a ready reckoner of transactions and being handy and compact, is far more convenient to the small customer than a statement of account which has some inherent difficulties viz need of filing, tallying of opening

RBI/2006-07/147 RPCD.CO.RF.BC 28/07.40.06/2006-07 October 11, 2006All State and District Central Co-operative Banks (StCBs/DCCBs)Dear Sir,Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals) As you are aware, a passbook is a ready reckoner of transactions and being handy and compact, is far more convenient to the small customer than a statement of account which has some inherent difficulties viz need of filing, tallying of opening

Customer Service- Non issuance of passbooks to SB Account-holders (Individuals)-StCBs/DCCBs

Address, telephone number of the Branch in passbooks/statements of account

RBI/2006-07/134 RPCD.RF.BC. 26/07.40.06/2006-07September 22, 2006All State and District Central Co-operative BanksDear Sir, Address, telephone number of the Branch in passbooks/statements of accountIn order to improve the quality of service available to customers in branches, it would be useful if the address and telephone number of the branch are mentioned on the passbooks/statements of account. 2. Banks are, therefore, advised to ensure that full address and telepho

RBI/2006-07/134 RPCD.RF.BC. 26/07.40.06/2006-07September 22, 2006All State and District Central Co-operative BanksDear Sir, Address, telephone number of the Branch in passbooks/statements of accountIn order to improve the quality of service available to customers in branches, it would be useful if the address and telephone number of the branch are mentioned on the passbooks/statements of account. 2. Banks are, therefore, advised to ensure that full address and telepho

Address, telephone number of the Branch in passbooks/statements of account

Address/Telephone Number of the Branch in Pass Books / Statement of Accounts-Regional Rural Banks (RRBs)

RBI/2006-07/128 RPCD.CO.RRB.BC.No./25/03.05.28A/2006-07 September 15, 2006 The Chairmen Regional Rural Banks (RRBs)Dear SirAddress / Telephone Number of the Branch in Pass Books / Statement of Accounts-Regional Rural Banks (RRBs)In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. RRBs are therefore advised to ensure t

RBI/2006-07/128 RPCD.CO.RRB.BC.No./25/03.05.28A/2006-07 September 15, 2006 The Chairmen Regional Rural Banks (RRBs)Dear SirAddress / Telephone Number of the Branch in Pass Books / Statement of Accounts-Regional Rural Banks (RRBs)In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. RRBs are therefore advised to ensure t

Address / Telephone Number of the Branch in Pass Books/Statement of Accounts-Regional Rural Banks (RRBs)

Delegation of adequate powers to the Bank Managers for sanctioning loans without referring to higher authorities and following of the procedure for calculating interest on loans excluding subsidy amount under SGSY Scheme

RBI /2006-07/ 126 RPCD.SP.BC. 24 /CLCC/09.01.01/2006-07September 14, 2006 The Chairman and Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Delegation of adequate powers to the Bank Managers for sanctioning loans without referring to higher authorities and following of the procedure for calculating interest on loans excluding subsidy amount under SGSY Scheme. It has been brought to our notice by Ministry of Rural Development GOI, New Delhi t

RBI /2006-07/ 126 RPCD.SP.BC. 24 /CLCC/09.01.01/2006-07September 14, 2006 The Chairman and Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Delegation of adequate powers to the Bank Managers for sanctioning loans without referring to higher authorities and following of the procedure for calculating interest on loans excluding subsidy amount under SGSY Scheme. It has been brought to our notice by Ministry of Rural Development GOI, New Delhi t

Delegation of adequate powers to the Bank Managers for sanctioning loans without referring to higher authorities and following of the procedure for calculating interest on loans excluding subsidy amount under SGSY Scheme