جواب. مذکورہ بالا بی ایس بی ڈی اے کیلئے قابل اطلاق نہیں ہے کیونکہ بی ایس بی ڈی اے سے رقم نکالنے کی تعداد ایسے اکاؤنٹس سے وابستہ شرائط سے مشروط ہے۔

Answer: The policy is not aimed at any specific country. This step is part of a sequenced and calibrated path for increased use of the INR in international transactions.

With the enactment of the Micro, Small and Medium Enterprises Development (MSMED), Act 2006, for the goods and services supplied by the MSME units, payments have to be made by the buyers as under:

(i) The buyer is to make payment on or before the date agreed on between him and the supplier in writing or, in case of no agreement, before the appointed day. The agreement between seller and buyer shall not exceed more than 45 days.

(ii) If the buyer fails to make payment of the amount to the supplier, he shall be liable to pay compound interest with monthly rests to the supplier on the amount from the appointed day or, on the date agreed on, at three times of the Bank Rate notified by Reserve Bank.

(iii) For any goods supplied or services rendered by the supplier, the buyer shall be liable to pay the interest as advised at (ii) above.

(iv) In case of dispute with regard to any amount due, a reference shall be made to the Micro and Small Enterprises Facilitation Council, constituted by the respective State Government.

Further, banks are advised to fix sub-limits within the overall working capital limits to the large borrowers specifically for meeting the payment obligation in respect of purchases from MSMEs. (Refer circular  IECD/5/08.12.01/2000-01 dated October 16, 2000 reiterated on May 30, 2003, vide circular No. IECD.No.20/08.12.01/2002-03).

Response: Banks and the CPTCs/GMCTAs may put in place a mutually acceptable procedure in this regard and notify that to the relevant CPTCs/GMCTAs.

Ans. The exemption provided by the Reserve Bank to ‘Not for Profit’ companies (i.e., companies incorporated under Section 8 of the Companies Act, 2013 or Section 25 of the Companies Act, 1956) is applicable to those which are providing microfinance loans as defined in the directions and subject to conditions specified in para 2(i) of our ‘Master Direction – Exemptions from the provisions of RBI Act, 1934’ dated August 25, 2016 (as amended from time to time). This exemption is not applicable to other ‘Not for Profit’ companies engaged in NBFI business and it is incumbent upon such companies to obtain a certificate of registration under Section 45-IA of the Reserve Bank of India Act, 1934 in case these companies are fulfilling the ‘Principal Business Criteria’ as specified in our Press Release 1998-99/1269 dated April 08, 1999.

Ans. Cash withdrawal or funds transfer from these two types of Small PPIs is not permitted.

جی ہاں، تجویز کردہ کم سے کم خدمات کے علاوہ خدمات انجام دینے کا فیصلہ بینکوں کی سوجھ بھوجھ اور سمجھداری پر چھوڑ دیا گیا ہے۔ چاہیں تو وہ اضافی خدمات بلامعاوضہ انجام دیں یا ایک مناسب و شفّاف بنیاد پر اضافی ویلیو۔ایڈیڈ خدمات کیلئے محنتانہ مقرر کریں جس کی اطلاع کسٹمر کو پیشگی دیں۔ بینکوں کو چاہئے کہ ویلیو ایڈیڈ خدمات کیلئے ایک رقم کا ڈھانچہ مرتب کریں یا کم سے کم بیلینس رکھنے کا مطالبہ کریں جس کا ڈسپلے نمایاں طور پر کریں اور کسٹمرس کو کھاتہ کھولتے وقت مطلع کریں۔ ایسی اضافی خدمات فراہم کرنا تمام بنیادی بچت بینک جمع کھاتہ کسٹمرس کیلئے غیر امتیازی اور غیرجانبدارانہ اور شفّاف ہونا چاہئے۔ بہرکیف، اضافی سہولیات والے ایسے کھاتے بی ایس بی ڈی اے کی حیثیت سے تسلیم نہیں کئے جائیں گے۔

Ans : User institutions enjoy many advantages as well. For instance,

• Savings on administrative machinery and costs of printing, dispatch and reconciliation of paper instruments that would have been used had beneficiaries not opted for ECS Credit.

• Avoid chances of loss / theft of instruments in transit, likelihood of fraudulent encashment of paper instruments, etc. and subsequent correspondence / litigation.

• Efficient payment mode ensuring that the beneficiaries get credit on a designated date.

• Cost effective.

Residents are permitted to hold foreign currency up to US$2,000 or its equivalent provided the foreign exchange was -

1. acquired by him while on a visit to any place outside India by way of payment for services not arising from any business in or anything done in India;

or

2. acquired by him, from any person not resident in India and who is on a visit to India, as honorarium or gift or for services rendered or in settlement of any lawful obligation,

or

3. acquired by him by way of honorarium or gift while on a visit to any place outside India;

or

4. acquired by him from an authorised person for travel abroad and represents the unspent amount thereof.

Once the GAH is granted access to the NDS-OM Web Module, the Primary Member can create Users under the GAH, who can log into the system. The users once created by the Primary Member have to be approved by the NDS-OM Web Admin at CCIL.