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