RBI/2019-20/173 DGBA.GBD.No.1744/42.01.029/2019-20 March 17, 2020 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2020 Please refer to Circular DGBA.GBD.No.2394/42.01.029/2018-19 dated March 20, 2019 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalised Ministries and non-Civil Ministries) at the Receiving/Nodal/Focal Point br

RBI/2019-20/113 DGBA.GBD.No.1141/42.01.034/2019-20 December 12, 2019 To All Agency Banks Dear Sir/ Madam RBI Master Circular on Collection of Direct Tax – OLTAS Please refer to our Circular DGBA.GAD.No.458/42.01.034/2016-17 dated August 25, 2016 and DGBA.GAD.No.910/42.01.034/2016-17 dated October 14, 2016, on Collection of Direct Taxes, wherein it was clarified that only the Master Circular on OLTAS which consolidates instructions on the subject issued by Reserve Bank

RBI/2019-20/21 DGBA.GBD.No.5/31.02.007/2019-20 July 31, 2019 All Agency Banks Dear Sir / Madam Agency Commission- Furnishing reconciliation certificate Please refer to Para 19 and 20 of our Master Circular on ‘Conduct of Government Business by Agency Banks - Payment of Agency Commission’ dated July 02, 2018 related to claiming of agency commission based on which agency banks are submitting two certificates to RBI along with the agency commission claims. 2. It has now

RBI/2018-19/219 DGBA.GBD.No.3144/31.02.007/2018-19 June 20, 2019 All agency banks Sir/Madam Rationalisation and Revision of Agency Commission Payable to Banks on Government Transactions A reference is invited to our circular DGBA.GAD.No.7575/31.12.011/2011-12 dated May 22, 2012 advising revision in the rates of agency commission payable to agency banks with effect from July 01, 2012. 2. Since then, there has not only been an expansion in volume and value of government

RBI/2018-19/149 DGBA.GBD.No.2430/42.01.029/2018-19 March 26, 2019 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2018-19) The Government of India has desired that all government transactions done by agency banks for Financial Year 2018-19 must be accounted for within the same financial year and has requested that, as in previous years, certain spec

RBI/2018-19/143 DGBA.GBD.No.2394/42.01.029/2018-19 March 20, 2019 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2019 Please refer to Circular DGBA.GBD.No.2324/42.01.029/2017-18 dated March 19, 2018 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBEC, Departmentalised Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal Point br

RBI/2018-19/16 DGBA.GBD.No.87/31.02.007/2018-19 July 12, 2018 All Agency Banks Dear Sir Period for Submission of Agency Commission Claims Please refer to our circular no.DGBA.GBD.N0.3262/31.02.007/2016-17 dated June 15, 2017 through which all agency banks were advised to submit their agency commission claims to the Reserve Bank of India within 90 days from the end of the quarter during which the transactions have been conducted. 2. It has been observed that agency ban

RBI/2017-18/144 DGBA.GBD.No.2388/42.01.029/2017-18 March 27, 2018 All agency banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18) The Government of India has desired that all government transactions with banks for Financial Year 2017-18 must be accounted for within the same financial year and has requested that, as in previous years, certain special arrang

RBI/2017-18/142 DGBA.GBD.No.2324/42.01.029/2017-18 March 19, 2018 All Agency Banks Dear Sir / Madam, Reporting and Accounting of Central Government Transactions of March 2018 Please refer to Circular DGBA.GAD.No. 2376/42.01.029/2016-17 dated March 16, 2017 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBEC, departmentalised ministries and non-Civil Ministries) at the Receiving/Nodal/Focal Point b

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