RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S1

Notification Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

சொத்து வெளியீட்டாளர்

55317134

Non Stapling of Note Packets

January 17, 2004

RBI/2004/20

UBD No.BPD. PCB. Cir 31 /09.73.00/2003-04

CEOs of All Primary (Urban) Co-operative Banks

Dear Sir,

Non Stapling of Note Packets

As you are aware, the Reserve Bank of India had issued a directive under Section 35 A of the Banking Regulation Act 1949 read with Section 56 of the Act directing the banks to stop stapling the note packets and making it mandatory for banks to sort notes into re-issuable and non-issuables and issue only re-issuable notes to the public. However, it is observed that some of the banks continue to staple their notes and issue the same to the public in contravention of our directive UBD.DS.PCB.DIR.2/13.01.00/2001-02 dated January 9, 2002. The primary (urban) co-operative banks are therefore, advised to desist from the practice of stapling of note packets and adhere strictly to the guidelines indicated in our circular UBD.DS.25/13.01.00/2001-0 dated January 9, 2002.

It is observed that despite our instructions to the contrary, some of the co-operative banks are still issuing Ashoka Pillar series notes. In this connection we invite your attention to our circular UBD.CO.BPD.47/09.50.00/2002-03 dated May 20, 2003 and advise that the instructions contained therein should be adhered to scrupulously. Non -adherence to our instructions in this regard would be viewed seriously.

Yours faithfully,

-sd-

(A.V. Sabhapathy)

Deputy General Manager


RbiTtsCommonUtility

प्ले हो रहा है
கேட்கவும்

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

இந்திய ரிசர்வ் வங்கி மொபைல் செயலியை நிறுவுங்கள் மற்றும் சமீபத்திய செய்திகளுக்கான விரைவான அணுகலை பெறுங்கள்!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

இந்த பக்கம் உதவியாக இருந்ததா?