Consumer Education and Protection

Withdrawal of all old series of Banknotes issued prior to 2005

RBI/2013-14/509 DCM(Plg) No.G- 19/3880/10.27.00/2013-14 March 03, 2014 The Chairman / Managing Director/ Chief Executive OfficerAll Scheduled Commercial BanksPrimary(Urban) Co-operative Banks/RRBs Dear Sir /Madam Withdrawal of all old series of Banknotes issued prior to 2005 Please refer to our circular DCM (Plg) No. G-17/3231/10.27.00/2013-14 dated January 23, 2014 on the captioned subject which was followed by a Press Release on January 24, 2014 (copy enclosed). 2.

RBI/2013-14/509 DCM(Plg) No.G- 19/3880/10.27.00/2013-14 March 03, 2014 The Chairman / Managing Director/ Chief Executive OfficerAll Scheduled Commercial BanksPrimary(Urban) Co-operative Banks/RRBs Dear Sir /Madam Withdrawal of all old series of Banknotes issued prior to 2005 Please refer to our circular DCM (Plg) No. G-17/3231/10.27.00/2013-14 dated January 23, 2014 on the captioned subject which was followed by a Press Release on January 24, 2014 (copy enclosed). 2.

Withdrawal of all old series of Banknotes issued prior to 2005

Alteration in the name of "Chinatrust Commercial Bank" to "CTBC Bank Co.,Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934

RBI/2013-14/508 Ref.DBOD.No.Ret.BC/99/12.07.107/2013-14 February 28, 2014 All Scheduled Commercial Banks Dear Sir Alteration in the name of "Chinatrust Commercial Bank"to "CTBC Bank Co.,Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the name of “Chinatrust Commerical Bank” has been changed to "CTBC Bank Co., Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBOD.IBD.No.10068/23.13.053/2013-14 date

RBI/2013-14/508 Ref.DBOD.No.Ret.BC/99/12.07.107/2013-14 February 28, 2014 All Scheduled Commercial Banks Dear Sir Alteration in the name of "Chinatrust Commercial Bank"to "CTBC Bank Co.,Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the name of “Chinatrust Commerical Bank” has been changed to "CTBC Bank Co., Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBOD.IBD.No.10068/23.13.053/2013-14 date

Alteration in the name of "Chinatrust Commercial Bank" to "CTBC Bank Co.,Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934

Interest Rates on FCNR (B) Deposits

RBI/2013-14/489 RPCD.CO.RRB.RCB.BC.NO.87/03.05.33/2013-14 February 11, 2014 All Regional Rural Banks/ State and Central Cooperative Banks Dear Sir/Madam, Interest Rates on FCNR (B) Deposits Please refer to our circular RPCD.CO.RRB.BC.No.63/03.05.33/2013-14 and RPCD.RCB.BC.Dir.No.69/07.51.014/2013-14@@NBSP@@ dated December 2, 2013 advising Regional Rural Banks (RRBs) and State/Central Cooperative Banks (StCBs/CCBs) @@NBSP@@respectively that interest rate ceilings on FC

RBI/2013-14/489 RPCD.CO.RRB.RCB.BC.NO.87/03.05.33/2013-14 February 11, 2014 All Regional Rural Banks/ State and Central Cooperative Banks Dear Sir/Madam, Interest Rates on FCNR (B) Deposits Please refer to our circular RPCD.CO.RRB.BC.No.63/03.05.33/2013-14 and RPCD.RCB.BC.Dir.No.69/07.51.014/2013-14@@NBSP@@ dated December 2, 2013 advising Regional Rural Banks (RRBs) and State/Central Cooperative Banks (StCBs/CCBs) @@NBSP@@respectively that interest rate ceilings on FC

Interest Rates on FCNR (B) Deposits

Interest Rates on FCNR(B) Deposits

RBI/2013-14/483 UBD.BPD.AD.Cir.No.7/13.01.000/2013-14 February 7, 2014 The Chief Executive Officers All AD Category -1 UCBs Dear Sir/Madam, Interest Rates on FCNR(B) Deposits Please refer to our circular UBD.BPD.AD.Cir.No 2/13.01.000/2013-14 dated August 21, 2013 prescribing interest rate ceilings on FCNR (B) deposits for maturity period of one year to less than three years and three to five years, respectively. These instructions were valid upto November 30, 2013. Fu

RBI/2013-14/483 UBD.BPD.AD.Cir.No.7/13.01.000/2013-14 February 7, 2014 The Chief Executive Officers All AD Category -1 UCBs Dear Sir/Madam, Interest Rates on FCNR(B) Deposits Please refer to our circular UBD.BPD.AD.Cir.No 2/13.01.000/2013-14 dated August 21, 2013 prescribing interest rate ceilings on FCNR (B) deposits for maturity period of one year to less than three years and three to five years, respectively. These instructions were valid upto November 30, 2013. Fu

Interest Rates on FCNR(B) Deposits

Alteration in the name of "Mizuho Corporate Bank Ltd." to "Mizuho Bank Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934

RBI/2013-14/480 Ref.DBOD.No.Ret.BC/ 94/12.07.108/2013-14 February 03, 2014 All Scheduled Commercial Banks Dear Sir Alteration in the name of "Mizuho Corporate Bank Ltd." to "Mizuho Bank Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the name of “Mizuho Corporate Bank Ltd." has been changed to "Mizuho Bank Ltd." in the Second@@NBSP@@ Schedule to the Reserve Bank of India Act, 1934 vide Notification DBOD.IBD.No.12056/23.13.078/2013-14

RBI/2013-14/480 Ref.DBOD.No.Ret.BC/ 94/12.07.108/2013-14 February 03, 2014 All Scheduled Commercial Banks Dear Sir Alteration in the name of "Mizuho Corporate Bank Ltd." to "Mizuho Bank Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the name of “Mizuho Corporate Bank Ltd." has been changed to "Mizuho Bank Ltd." in the Second@@NBSP@@ Schedule to the Reserve Bank of India Act, 1934 vide Notification DBOD.IBD.No.12056/23.13.078/2013-14

Alteration in the name of "Mizuho Corporate Bank Ltd." to "Mizuho Bank Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934

Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits

RBI/2013-14/476 DBOD.No.Dir.BC.90/13.03.00/2013-14 January 31, 2014 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular DBOD.Dir.BC.71/13.03.00/2013-14 dated November 29, 2013 advising banks that the freedom to offer interest rates on incremental NRE deposits with maturity of 3 years and above without any ceiling in order to pass on the benefit of ex

RBI/2013-14/476 DBOD.No.Dir.BC.90/13.03.00/2013-14 January 31, 2014 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular DBOD.Dir.BC.71/13.03.00/2013-14 dated November 29, 2013 advising banks that the freedom to offer interest rates on incremental NRE deposits with maturity of 3 years and above without any ceiling in order to pass on the benefit of ex

Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits

Interest Rates on FCNR (B) Deposits

RBI/2013-14/477 DBOD.No.Dir.BC.92/13.03.00/2013-14 January 31, 2014 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Interest Rates on FCNR (B) Deposits Please refer to our circular DBOD.Dir.BC.73/13.03.00/ 2013-14 dated November 29, 2013 advising that interest rate ceilings on FCNR (B) deposits for maturity period of one year to less than three years and three to five years, respectively prescribed vide circular DBOD.Dir.BC.38/13.03.00/2013-14 dated Au

RBI/2013-14/477 DBOD.No.Dir.BC.92/13.03.00/2013-14 January 31, 2014 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Interest Rates on FCNR (B) Deposits Please refer to our circular DBOD.Dir.BC.73/13.03.00/ 2013-14 dated November 29, 2013 advising that interest rate ceilings on FCNR (B) deposits for maturity period of one year to less than three years and three to five years, respectively prescribed vide circular DBOD.Dir.BC.38/13.03.00/2013-14 dated Au

Interest Rates on FCNR (B) Deposits

NEFT - Customer Service and Charges - Adherence to Procedural Guidelines and Circulars

RBI/2013-14/457 DPSS.CO.EPPD No.1583/04.03.01/2013-14 January 21, 2014 The Chairman and Managing Director / Chief Executive Officerof member banks participating in NEFT Madam / Dear Sir, NEFT – Customer Service and Charges – Adherence to Procedural Guidelines and Circulars The National Electronic Fund Transfer (NEFT) System, operational since November 2005 has seen an exponential growth in terms of volumes handled by the system, with a vast number of customers (indivi

RBI/2013-14/457 DPSS.CO.EPPD No.1583/04.03.01/2013-14 January 21, 2014 The Chairman and Managing Director / Chief Executive Officerof member banks participating in NEFT Madam / Dear Sir, NEFT – Customer Service and Charges – Adherence to Procedural Guidelines and Circulars The National Electronic Fund Transfer (NEFT) System, operational since November 2005 has seen an exponential growth in terms of volumes handled by the system, with a vast number of customers (indivi

NEFT - Customer Service and Charges - Adherence to Procedural Guidelines and Circulars

Lending against Gold Jewellery

RBI/2013-14/453 DBOD.BP.BC.No.86 /21.01.023 /2013-14 January 20, 2014 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Lending against Gold Jewellery Please refer to our circular DBOD.No.BC.138/21.01.023/94 dated November 22, 1994 on ‘Advances against Gold Ornaments and Jewellery for the purpose of Medical Expenses and Meeting Unforeseen Liabilities’, wherein banks were advised that while granting advances against gold ornaments and jewellery, they should obs

RBI/2013-14/453 DBOD.BP.BC.No.86 /21.01.023 /2013-14 January 20, 2014 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Lending against Gold Jewellery Please refer to our circular DBOD.No.BC.138/21.01.023/94 dated November 22, 1994 on ‘Advances against Gold Ornaments and Jewellery for the purpose of Medical Expenses and Meeting Unforeseen Liabilities’, wherein banks were advised that while granting advances against gold ornaments and jewellery, they should obs

Lending against Gold Jewellery

Facilities for Persons Resident outside India - Clarification

RBI/2013-14/454 A.P. (DIR Series) Circular No.96 January 20, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Facilities for Persons Resident outside India – Clarification Attention of Authorized Dealers Category – I (AD Category- I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 [Notification No. FEMA/25/RB-2000] and A.P. (DIR Series) Circular No.45 dated October 22, 2012 in

RBI/2013-14/454 A.P. (DIR Series) Circular No.96 January 20, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Facilities for Persons Resident outside India – Clarification Attention of Authorized Dealers Category – I (AD Category- I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 [Notification No. FEMA/25/RB-2000] and A.P. (DIR Series) Circular No.45 dated October 22, 2012 in

Facilities for Persons Resident outside India - Clarification