Consumer Education and Protection

Dearness Relief to Pensioners

RBI/2005-06/296 DGBA.GAD.No. H. 11303 /45.01.003/2005-06 February 06, 2006 Magha 17, 1927 (Saka)All pension paying banks (As per list attached)Dear Sir, Disbursement of pension through Public Sector Banks - payment of Dearness Relief (DR) Reserve Bank has been receiving large number of complaints from pensioners regarding delay in release of Dearness Relief (DR)/other allowances by Agency banks as announced by Government from time to time. 2. In order to obviate the t

RBI/2005-06/296 DGBA.GAD.No. H. 11303 /45.01.003/2005-06 February 06, 2006 Magha 17, 1927 (Saka)All pension paying banks (As per list attached)Dear Sir, Disbursement of pension through Public Sector Banks - payment of Dearness Relief (DR) Reserve Bank has been receiving large number of complaints from pensioners regarding delay in release of Dearness Relief (DR)/other allowances by Agency banks as announced by Government from time to time. 2. In order to obviate the t

Dearness Relief to Pensioners

Tender for Competitive Bids

Annexure II For office use only Regn no.The Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai - 400 001. Dear Sir, Tender for "7.40 percent Government Stock, 2035" for an aggregate amount of Rs.3,000 crore : Auction to be held on February 7, 2006 Pursuant to Government of India, Ministry of Finance, Department of Economic Affairs Notification F.No.4(2)-W&M/2005(i)dated February 2, 2006 and the tender notice issued by you, I/we, the undersi

Annexure II For office use only Regn no.The Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai - 400 001. Dear Sir, Tender for "7.40 percent Government Stock, 2035" for an aggregate amount of Rs.3,000 crore : Auction to be held on February 7, 2006 Pursuant to Government of India, Ministry of Finance, Department of Economic Affairs Notification F.No.4(2)-W&M/2005(i)dated February 2, 2006 and the tender notice issued by you, I/we, the undersi

Tender for Competitive Bids

Collection of account payee cheque - Prohibition on crediting proceeds to third party account

RBI./2005-06/282 DBOD.BP.BC No. 56 / 21.01.001/ 2005-06 January 23, 2006The Chairmen/Chief Executives of all Commercial Banks (excluding RRBs)Dear Sir, Collection of account payee cheque – Prohibition on crediting proceeds to third party account As banks are aware an account payee cheque is required to be collected for the payee constituent. As regards, account payee cheques drawn in favour of banks, it had been indicated, vide our circular DBOD.NO.BC.23/21.01.001/92

RBI./2005-06/282 DBOD.BP.BC No. 56 / 21.01.001/ 2005-06 January 23, 2006The Chairmen/Chief Executives of all Commercial Banks (excluding RRBs)Dear Sir, Collection of account payee cheque – Prohibition on crediting proceeds to third party account As banks are aware an account payee cheque is required to be collected for the payee constituent. As regards, account payee cheques drawn in favour of banks, it had been indicated, vide our circular DBOD.NO.BC.23/21.01.001/92

Collection of account payee cheque - Prohibition on crediting proceeds to third party account

Tender for Competitive Bids

Annexure II For office use only Regn no.The Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai - 400 001. Dear Sir,Tender for "7.40 percent Government Stock, 2035" for an aggregate amount of Rs.4,000 crore : Auction to be held on January 9, 2006 Pursuant to Government of India, Ministry of Finance, Department of Economic Affairs Notification F.No.4(2)-W&M/2005(i)dated January 4, 2006 and the tender notice issued by you, I/we, the undersigne

Annexure II For office use only Regn no.The Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai - 400 001. Dear Sir,Tender for "7.40 percent Government Stock, 2035" for an aggregate amount of Rs.4,000 crore : Auction to be held on January 9, 2006 Pursuant to Government of India, Ministry of Finance, Department of Economic Affairs Notification F.No.4(2)-W&M/2005(i)dated January 4, 2006 and the tender notice issued by you, I/we, the undersigne

Tender for Competitive Bids

Premature repayment of public deposits or deposits

RBI / 2005-06 / 231 DNBS (PD) C.C. No. 60/ 02.01 / 2005-06 December 9, 2005 To,All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs)Dear Sirs, Premature repayment of public deposits or deposits Please refer to our circular DNBS PD) C.C. No. 44/02.01/2004-05 dated October 5, 2004 on the captioned subject. In paragraph 3(5) of the said circular, it has been provided that all deposit accounts

RBI / 2005-06 / 231 DNBS (PD) C.C. No. 60/ 02.01 / 2005-06 December 9, 2005 To,All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs)Dear Sirs, Premature repayment of public deposits or deposits Please refer to our circular DNBS PD) C.C. No. 44/02.01/2004-05 dated October 5, 2004 on the captioned subject. In paragraph 3(5) of the said circular, it has been provided that all deposit accounts

Premature repayment of public deposits or deposits

Credit Card Operations of banks

RBI / 2005-06 / 211 DBOD.FSD.BC. 49/ 24.01.011/ 2005-06 November 21, 2005 All Commercial Banks / NBFCs (Excluding RRBs) Dear Sir, Credit Card Operations of banks Pursuant to the announcement made in the Annual Policy Statement 2004-05, the Reserve Bank of India had constituted a Working Group on Regulatory Mechanism for Cards. The Group has suggested various regulatory measures aimed at encouraging growth of credit cards in a safe, secure and efficient manner as well

RBI / 2005-06 / 211 DBOD.FSD.BC. 49/ 24.01.011/ 2005-06 November 21, 2005 All Commercial Banks / NBFCs (Excluding RRBs) Dear Sir, Credit Card Operations of banks Pursuant to the announcement made in the Annual Policy Statement 2004-05, the Reserve Bank of India had constituted a Working Group on Regulatory Mechanism for Cards. The Group has suggested various regulatory measures aimed at encouraging growth of credit cards in a safe, secure and efficient manner as well

Credit Card Operations of banks

Advances against Gold Ornaments and Jewellery

RBI/2005-06/196 DBOD.No.IBD.BC. 663 /23.67.001/2005-06 November 2, 2005 The Chairmen and CEOs of all Scheduled Commercial Banks (Excluding RRBs) Dear Sir Advances against Gold Ornaments and Jewellery Please refer to our circular DBOD. No. BP.BC. 138/21.01.023/94 dated November 22, 1994 on the captioned subject as also earlier circulars enclosed for ready reference. 2. As you are aware, hallmarking of gold jewellery ensures the quality of gold used in the jewellery as

RBI/2005-06/196 DBOD.No.IBD.BC. 663 /23.67.001/2005-06 November 2, 2005 The Chairmen and CEOs of all Scheduled Commercial Banks (Excluding RRBs) Dear Sir Advances against Gold Ornaments and Jewellery Please refer to our circular DBOD. No. BP.BC. 138/21.01.023/94 dated November 22, 1994 on the captioned subject as also earlier circulars enclosed for ready reference. 2. As you are aware, hallmarking of gold jewellery ensures the quality of gold used in the jewellery as

Advances against Gold Ornaments and Jewellery

OLTAS - Drop Box facility for Direct Tax Challans

RBI /2005-06 /188 DGBA. GAD. No.H-412/42.01.034/2005-06 October 25, 2005 Kartika 3, 1927 (S) The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir,OLTAS – Drop Box facility for Direct Tax Challans It has been reported by the Directorate of Income Tax (systems) that a large number of data entry errors are being detected in respect of PAN/TAN under On Line Tax Accounting System (OLTAS). One of the reasons for such er

RBI /2005-06 /188 DGBA. GAD. No.H-412/42.01.034/2005-06 October 25, 2005 Kartika 3, 1927 (S) The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir,OLTAS – Drop Box facility for Direct Tax Challans It has been reported by the Directorate of Income Tax (systems) that a large number of data entry errors are being detected in respect of PAN/TAN under On Line Tax Accounting System (OLTAS). One of the reasons for such er

OLTAS - Drop Box facility for Direct Tax Challans

Providing E-payment Facilities to Tax Payers

RBI/2005-06/174 DGBA. GAD. No.H 3095/41.07.001/2005-06 October 06, 2005 Chairman & Managing Director/Managing Director All Agency Banks Dear Sir, Conduct of Government business – Providing e-payment facilities to Tax Payers - Guidelines for Internet Banking We have been receiving references from Agency banks seeking our permission for introducing e-payment arrangement for collection of taxes on behalf of Government Departments. 2. In this connection, we feel that

RBI/2005-06/174 DGBA. GAD. No.H 3095/41.07.001/2005-06 October 06, 2005 Chairman & Managing Director/Managing Director All Agency Banks Dear Sir, Conduct of Government business – Providing e-payment facilities to Tax Payers - Guidelines for Internet Banking We have been receiving references from Agency banks seeking our permission for introducing e-payment arrangement for collection of taxes on behalf of Government Departments. 2. In this connection, we feel that

Providing E-payment Facilities to Tax Payers

SCBs - KYC - Anti-Money Laundering Standards

RBI/2005-06/135 DBOD.NO.AML.BC.28 /14.01.001/2005-06 August 23, 2005 The Chief Executives of All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Know Your Customer Guidelines- Anti-Money Laundering StandardsPlease refer to our circular DBOD.NO.AML.BC.58/14.01.001/2004-05 dated November 29, 2004 on the above subject. In terms of the above circular, banks were advised to formulate a customer acceptance policy and customer identification procedure to be followed whil

RBI/2005-06/135 DBOD.NO.AML.BC.28 /14.01.001/2005-06 August 23, 2005 The Chief Executives of All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Know Your Customer Guidelines- Anti-Money Laundering StandardsPlease refer to our circular DBOD.NO.AML.BC.58/14.01.001/2004-05 dated November 29, 2004 on the above subject. In terms of the above circular, banks were advised to formulate a customer acceptance policy and customer identification procedure to be followed whil

SCBs - KYC - Anti-Money Laundering Standards