DPSS.CO. (CHD) No. 873 / 03.09.01/ 2008-09@@NBSP@@ November 24, 2008 The Chairman & Managing Director / Chief Executive Officer All Scheduled Commercial Banks Madam / Dear Sir, Delays in Cheque Clearing - Case No. 82 of 2006 before National Consumer Disputes Redressal Commission As you may be aware, during August 2006, a case was filed before National Consumer Disputes Redressal Commission, New Delhi (the Commission) under the Consumer Protection Act, 1986, inviti

RBI/2008-2009/387 RBI / DPSS No. 1501 / 02.14.003 / 2008-2009 February 18, 2009 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 Credit/Debit Card transactions- Security Issues and Risk mitigation measures The use of Credit/Debit Cards has been increasing in the country. We have been reviewing various

RBI/2008-2009/381 DPSS.@@NBSP@@ (CO) No. 1381@@NBSP@@/04.09.03/2008-09 @@NBSP@@ February 09, 2009 @@NBSP@@ Chairman and Managing Director / Chief Executive Officer of all banks participating in NEFT @@NBSP@@ Dear Sir/Madam, @@NBSP@@ Indo – Nepal Remittance Scheme – Revision of service charges @@NBSP@@ Please refer to our circular DPSS CO No.@@NBSP@@ 1740/4.09.03/2008-09 dated April 29, 2008 regarding launch of Indo-Nepal Remittance Scheme with effect from May 15, 2008

RBI/2007–2008/375 DPSS No. 2096 / 04.04.007 / 2007-2008 June 20, 2008 The Chairman & Managing Director / Chief Executive Officers of all commercial and co-operataive banks Dear Sir / Madam Use of Electronic Mode of Payment for Large Value Transactions A reference is invited to our circular number RBI/2007-08/261 DPSS No. 1407/02.10.02/ 2007-08 dated March 10, 2008 on the captioned subject where in it was mandated that all payment transactions above Rs. 1 crore by

RBI/2007-2008/260 DPSS No.1405 / 02.10.02 / 2007-2008 March 10, 2008 The Chairman / Chief Executive Officer (All Scheduled commercial banks including RRBs) Dear Sir Customer charges for use of ATMs for cash withdrawal and balance enquiry 1. Automated Teller Machines (ATMs) have gained prominence as a delivery channel for banking transactions in India. Banks have been deploying ATMs to increase their reach. While ATMs facilitate a variety of banking transactions for cu

RBI/2006-07/48 Ref. DPSS (CO) No.5/04.01.01/2006-2007 July 04, 2006 To all the banks participating in Electronic Clearing Service (Debit Clearing)   Electronic Clearing Service - Debit Clearing – Customer Mandates As you are aware, transactions under ECS have been growing rapidly. The pace of growth of Debit Clearing transactions is much higher than Credit Clearing and many utility companies / banks have been utilising the system for collection of&

RBI/2005-06/430 Ref. DPSS (CO) No.1897/04.01.02/2005-2006  June 27, 2006 To the Chairmen / Chief Executive Officers of all the Scheduled Commercial Banks including Co-operative Banks Introduction of National Electronic Clearing Service (National ECS) As you are aware, the Electronics Clearing Service (ECS) is operational at 43 centers as of today. While the RBI is providing these services at 15 locations which are both local and centralised, other banks are opera

RBI/2005-06/312 Ref. DPSS (CO) No.1285/04.06.01/2005-2006  March 3, 2006 To the Chairmen/Chief Executive Officers of all Scheduled Commercial Banks Printing of Indian Financial System Code (IFSC) on Cheques As you are aware the Indian Financial System Code (IFSC) is being used as the addressing code in user-to-user message transmission through Structured Financial Messaging System (SFMS). Various other payment system applications like RTGS, NEFT, etc., also use t

RBI / 2004-05 / 396 DPSS (CO) Cir. No.1 / 10.01.01 / 2004-2005 17th March 2005 The Chairman & Managing Directors / CEOs of scheduled commercial banks (excluding RRBs), scheduled primary (urban) co-operative banks and Primary Dealers Dear Sir, Constitution of the Department of Payment and Settlement Systems (DPSS) In the recent period, the Reserve Bank of India has taken a number of steps to strengthen the institutional framework for the payment and settlement syst