RBI/2017-18/103 DGBA.GBD.1472/31.02.007/2017-18 November 30, 2017 All Agency Banks Dear Sir Reporting of Transactions by agency banks to RBI It has been brought to our notice that some agency banks are reporting government transactions after considerable delay and along with the current transactions to RBI, without taking necessary authorisation from the concerned government departments. 2. As per the extant instructions, state government transactions (electronic as w

RBI/2015-16/294 DGBA.GAD.No. 2278/31.12.010/2015-16 January 21, 2016 The Chairman & Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Payment of Agency Commission on pension accounts As you may be aware, agency banks are being compensated at Rs. 65 per transaction for handling pension computation, payment and related services on behalf of Central and State Governments. As per the norms followed by the Government, a pensioner’s account

Circular No. RBI/2004/90DGBA.GAD.No. H-767 /42.01.034/2003-04 March 9, 2004The Chief Executive Officers All banks (as per list) Dear Sir, Introduction of ECS (Credit) for Refunds of Income Tax   As you are aware, presently paper-based Income Tax Refund Orders (ITROs) are being issued by Income Tax Department for refund of income-tax to assessees. ITRO is also accompanied by an 'Advice'. The banks are required to handle ITROs as well as the 'Advices' for collectio