Consumer Education and Protection

Facilitating opening of bank accounts for flood affected persons

RBI/2005-06/125 RPCD.RF.AML.BC 30/07.40.00 /2005-06 August 16, 2005 All State and District Central Co-operative Banks Dear Sir, Facilitating opening of bank accounts for flood affected persons Please refer to our circular RPCD.AML.BC.No. 80/07.40.00/2004-05 dated February 18, 2004 on Know Your Customer Guidelines – Anti-Money Laundering standards. In terms of the above circular, banks were advised to formulate a customer acceptance policy and customer identification p

RBI/2005-06/125 RPCD.RF.AML.BC 30/07.40.00 /2005-06 August 16, 2005 All State and District Central Co-operative Banks Dear Sir, Facilitating opening of bank accounts for flood affected persons Please refer to our circular RPCD.AML.BC.No. 80/07.40.00/2004-05 dated February 18, 2004 on Know Your Customer Guidelines – Anti-Money Laundering standards. In terms of the above circular, banks were advised to formulate a customer acceptance policy and customer identification p

Facilitating opening of bank accounts for flood affected persons

Indian banknotes with additional/new security features

RBI/2005-06/107 DCM (Plg.) No. G 7 /10.01.00/2005-06 August 10, 2005 The Chairman/MD/CMD/CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/new security features Please refer to our letter RBI/2004-05/458: DCM (Plg) No. G.40/10.01.00/2004-05 dated May 07, 2005, forwarding list of additional/new security features to be incorporated in Indian banknotes and the discussion held in the meeting of the Chairman &

RBI/2005-06/107 DCM (Plg.) No. G 7 /10.01.00/2005-06 August 10, 2005 The Chairman/MD/CMD/CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/new security features Please refer to our letter RBI/2004-05/458: DCM (Plg) No. G.40/10.01.00/2004-05 dated May 07, 2005, forwarding list of additional/new security features to be incorporated in Indian banknotes and the discussion held in the meeting of the Chairman &

Indian banknotes with additional/new security features

Facilitating opening of bank accounts for flood affected persons

RBI/2005-06/89 Ref.DBOD.No.AML.BC. 23 /14.01.064 /2005-06 August 2, 2005To The Chief Executives of Scheduled Commercial Banks including Regional Rural BanksDear Sirs Facilitating opening of bank accounts for flood affected persons Please refer to our circular DBOD.No.AML.BC.58/14.01.001/2004-05 dated November 29, 2004 on Know Your Customer Guidelines – Anti-Money Laundering standards. In terms of the above circular, banks were advised to formulate a customer acceptanc

RBI/2005-06/89 Ref.DBOD.No.AML.BC. 23 /14.01.064 /2005-06 August 2, 2005To The Chief Executives of Scheduled Commercial Banks including Regional Rural BanksDear Sirs Facilitating opening of bank accounts for flood affected persons Please refer to our circular DBOD.No.AML.BC.58/14.01.001/2004-05 dated November 29, 2004 on Know Your Customer Guidelines – Anti-Money Laundering standards. In terms of the above circular, banks were advised to formulate a customer acceptanc

Facilitating opening of bank accounts for flood affected persons

Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India

RBI/2004-05/492 A.P. (DIR Series) Circular No. 46 June 14, 2005 To All banks authorised to deal in Foreign Exchange Madam/Sirs, Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India Reserve Bank of India has, vide its Notification No. FEMA 15/2000-RB dated 3rd May 2000, notified debit cards, ATM cards or any other instrument that can be used to create a financial liability, as 'currency'. It was

RBI/2004-05/492 A.P. (DIR Series) Circular No. 46 June 14, 2005 To All banks authorised to deal in Foreign Exchange Madam/Sirs, Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India Reserve Bank of India has, vide its Notification No. FEMA 15/2000-RB dated 3rd May 2000, notified debit cards, ATM cards or any other instrument that can be used to create a financial liability, as 'currency'. It was

Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India

Public Provident Fund Scheme, 1968 - Clarifications

RBI/2004-05/480 Ref.No.CO.DT.15.02.001/H-9844-9866/2004-05 May 25, 2005 Jyeshtha 4, 1927 (S)The General Manager Government Accounts Department State Bank of India and Associate Banks Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra / Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank / Indian Overseas Bank /Punjab National Bank / Syndicate Bank / UCO Bank / Union Bank of India / United Bank of India / Dear Sir, Public

RBI/2004-05/480 Ref.No.CO.DT.15.02.001/H-9844-9866/2004-05 May 25, 2005 Jyeshtha 4, 1927 (S)The General Manager Government Accounts Department State Bank of India and Associate Banks Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra / Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank / Indian Overseas Bank /Punjab National Bank / Syndicate Bank / UCO Bank / Union Bank of India / United Bank of India / Dear Sir, Public

Public Provident Fund Scheme, 1968 - Clarifications

Indian banknotes with additional/revised security features

RBI/2004-05/458DCM (Plg.)No.G 40/10.01.00/2004-05 May 07, 2005 The Chairman/MD/ CMD/ CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/revised security features In the wake of increasing circulation of high quality counterfeit notes, particularly, Rs.100 and Rs.500 denominations, the Government of India had constituted a High Level Committee to consider strengthening the security features in our banknotes. T

RBI/2004-05/458DCM (Plg.)No.G 40/10.01.00/2004-05 May 07, 2005 The Chairman/MD/ CMD/ CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/revised security features In the wake of increasing circulation of high quality counterfeit notes, particularly, Rs.100 and Rs.500 denominations, the Government of India had constituted a High Level Committee to consider strengthening the security features in our banknotes. T

Indian banknotes with additional/revised security features

Liberalised Remittance Scheme of USD 25,000 for Resident Individuals

RBI/2004-05/402 A.P. (DIR Series) Circular No. 38March 31, 2005To All Banks Authorised to Deal in Foreign ExchangeMadam/Sirs, Liberalised Remittance Scheme of USD 25,000 for Resident Individuals Attention of the Authorsed Dealers (AD) banks is invited to paragraph 3.4(iii) of A.P.(DIR Series) Circular No.64 dated February 4, 2004, in terms of which remittance under the captioned Scheme is not permitted, directly or indirectly, to countries identified by the Financial

RBI/2004-05/402 A.P. (DIR Series) Circular No. 38March 31, 2005To All Banks Authorised to Deal in Foreign ExchangeMadam/Sirs, Liberalised Remittance Scheme of USD 25,000 for Resident Individuals Attention of the Authorsed Dealers (AD) banks is invited to paragraph 3.4(iii) of A.P.(DIR Series) Circular No.64 dated February 4, 2004, in terms of which remittance under the captioned Scheme is not permitted, directly or indirectly, to countries identified by the Financial

Liberalised Remittance Scheme of USD 25,000 for Resident Individuals

Non-acceptance of coins by bank branches

RBI/2004-05/348 DCM (RMMT) No.1403/11.37.01/2004-05 January 19, 2005The Chairman & Managing Director, All Public/Private Sector banks Dear Sir, Non-acceptance of coins by bank branches Please refer to our circulars DCM (RMMT) No.404/11.37.01/2003-04 dated October 9, 2003 and DCM (RMMT) No.1181/11.37.01/2003-04 dated April 5, 2004 advising you to ensure acceptance of coins of all denominations without any restriction from the members of public etc. by your branches

RBI/2004-05/348 DCM (RMMT) No.1403/11.37.01/2004-05 January 19, 2005The Chairman & Managing Director, All Public/Private Sector banks Dear Sir, Non-acceptance of coins by bank branches Please refer to our circulars DCM (RMMT) No.404/11.37.01/2003-04 dated October 9, 2003 and DCM (RMMT) No.1181/11.37.01/2003-04 dated April 5, 2004 advising you to ensure acceptance of coins of all denominations without any restriction from the members of public etc. by your branches

Non-acceptance of coins by bank branches

Non-acceptance of coins

RBI / 2004-05 / 315 DCM (Plg) No.G-31/10.03.00/2004-05 December 27, 2004Currency Chest maintaining Banks as per list. Dear Sir / Madam Non-acceptance of coins Please refer to the directions/instructions advised to you in our letter DCM(RMMT) No. 1181/11.37.01/2003-04 dated April 5, 2004, on acceptance of coins by bank branches. The hardship faced by the members of public because of non-acceptance of coins by branches of commercial banks was deliberated upon, among oth

RBI / 2004-05 / 315 DCM (Plg) No.G-31/10.03.00/2004-05 December 27, 2004Currency Chest maintaining Banks as per list. Dear Sir / Madam Non-acceptance of coins Please refer to the directions/instructions advised to you in our letter DCM(RMMT) No. 1181/11.37.01/2003-04 dated April 5, 2004, on acceptance of coins by bank branches. The hardship faced by the members of public because of non-acceptance of coins by branches of commercial banks was deliberated upon, among oth

Non-acceptance of coins

Know Your Customer (KYC) Guidelines - Anti Money Laundering Standards

RBI-2004-05/284DBOD.NO.AML.BC.58/14.01.001/2004-05November 29, 2004The Chief Executives of All Commercial BanksDear Sir, 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards Please refer to our circular DBOD. No. AML.BC.18/ 14.01.001/2002-2003 dated August 16, 2002 on the guidelines on 'Know Your Customer' norms. Banks were advised to follow certain customer identification procedure for opening of accounts and monitoring transactions of a suspicious

RBI-2004-05/284DBOD.NO.AML.BC.58/14.01.001/2004-05November 29, 2004The Chief Executives of All Commercial BanksDear Sir, 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards Please refer to our circular DBOD. No. AML.BC.18/ 14.01.001/2002-2003 dated August 16, 2002 on the guidelines on 'Know Your Customer' norms. Banks were advised to follow certain customer identification procedure for opening of accounts and monitoring transactions of a suspicious

Know Your Customer (KYC) Guidelines - Anti Money Laundering Standards