Notifications - Banker to Governments and Banks - RBI - Reserve Bank of India
Notifications
Dec 23, 2005
Senior Citizens Savings Scheme, 2004(SCSS) - Interest for broken period (less than a quarter) - Clarification
RBI/2005-2006/240 Ref.No.DGBA.CDD15.15.001/H- 8662 /2005-06 December 23 ,2005 Pausha 2, 1927 (S) The Chairman and Managing Director Government Accounts Department, Head Office, State Bank of India/State Bank of Indore/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Saurashtra/ State Bank of Travancore/State Bank of Hyderabad/State Bank of Mysore/ Allahabad Bank/Bank of Baroda/Bank of India/ Bank of Maharashtra/Canara Bank/Central Bank of India/
RBI/2005-2006/240 Ref.No.DGBA.CDD15.15.001/H- 8662 /2005-06 December 23 ,2005 Pausha 2, 1927 (S) The Chairman and Managing Director Government Accounts Department, Head Office, State Bank of India/State Bank of Indore/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Saurashtra/ State Bank of Travancore/State Bank of Hyderabad/State Bank of Mysore/ Allahabad Bank/Bank of Baroda/Bank of India/ Bank of Maharashtra/Canara Bank/Central Bank of India/
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Nov 18, 2005
Maintenance of Government Accounts - Interest on Delayed Remittances and Excess/Double Reimbursement
RBI/2005/209 DGBA.GAD.No.H.5872/42.01.011/2005-06 November 18, 2005 Kartika 27, 1927 (S) The Chairman/Managing Director, State Bank of India & its Associates, All Nationalized Banks, Jammu & Kashmir Bank Ltd., IDBI Ltd./HDFC Bank Ltd./ ICICI Bank Ltd./UTI Bank Ltd. Dear Sir, Maintenance of Government Accounts – Interest on Delayed Remittances and Excess/Double Reimbursement Please refer to our Circular No.RBI/2005/457(DGBA.GAD.No.H.5724/42.01.011/ 2004-05) dat
RBI/2005/209 DGBA.GAD.No.H.5872/42.01.011/2005-06 November 18, 2005 Kartika 27, 1927 (S) The Chairman/Managing Director, State Bank of India & its Associates, All Nationalized Banks, Jammu & Kashmir Bank Ltd., IDBI Ltd./HDFC Bank Ltd./ ICICI Bank Ltd./UTI Bank Ltd. Dear Sir, Maintenance of Government Accounts – Interest on Delayed Remittances and Excess/Double Reimbursement Please refer to our Circular No.RBI/2005/457(DGBA.GAD.No.H.5724/42.01.011/ 2004-05) dat
Oct 25, 2005
OLTAS - Drop Box facility for Direct Tax Challans
RBI /2005-06 /188 DGBA. GAD. No.H-412/42.01.034/2005-06 October 25, 2005 Kartika 3, 1927 (S) The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir,OLTAS – Drop Box facility for Direct Tax Challans It has been reported by the Directorate of Income Tax (systems) that a large number of data entry errors are being detected in respect of PAN/TAN under On Line Tax Accounting System (OLTAS). One of the reasons for such er
RBI /2005-06 /188 DGBA. GAD. No.H-412/42.01.034/2005-06 October 25, 2005 Kartika 3, 1927 (S) The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir,OLTAS – Drop Box facility for Direct Tax Challans It has been reported by the Directorate of Income Tax (systems) that a large number of data entry errors are being detected in respect of PAN/TAN under On Line Tax Accounting System (OLTAS). One of the reasons for such er
Oct 20, 2005
New Major Head for Securities Transaction Tax- Clarification
RBI/2005-06/185 DGBA. GAD. No. H- 4141/42.01.001/ 2005-06 October 20, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, New Major Head for Securities Transaction Tax- Clarification We invite your attention to our circular DGBA.GAD.No.H-297/42.01.001/2005-06 dated July 18, 2005 advising you about the new major and minor heads for Securities Transaction Tax. In this connection, further clarification regardi
RBI/2005-06/185 DGBA. GAD. No. H- 4141/42.01.001/ 2005-06 October 20, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, New Major Head for Securities Transaction Tax- Clarification We invite your attention to our circular DGBA.GAD.No.H-297/42.01.001/2005-06 dated July 18, 2005 advising you about the new major and minor heads for Securities Transaction Tax. In this connection, further clarification regardi
Oct 06, 2005
Providing E-payment Facilities to Tax Payers
RBI/2005-06/174 DGBA. GAD. No.H 3095/41.07.001/2005-06 October 06, 2005 Chairman & Managing Director/Managing Director All Agency Banks Dear Sir, Conduct of Government business – Providing e-payment facilities to Tax Payers - Guidelines for Internet Banking We have been receiving references from Agency banks seeking our permission for introducing e-payment arrangement for collection of taxes on behalf of Government Departments. 2. In this connection, we feel that
RBI/2005-06/174 DGBA. GAD. No.H 3095/41.07.001/2005-06 October 06, 2005 Chairman & Managing Director/Managing Director All Agency Banks Dear Sir, Conduct of Government business – Providing e-payment facilities to Tax Payers - Guidelines for Internet Banking We have been receiving references from Agency banks seeking our permission for introducing e-payment arrangement for collection of taxes on behalf of Government Departments. 2. In this connection, we feel that
Aug 06, 2005
Tax Counterfoil for Cash Payments/ Debit to A/c. with the designated branch
RBI/2005-06/97 Ref. DGBA.GAD. No.H. 488 /42.01.034 /2005-06 August 6, 2005The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Tax Counterfoil for Cash Payments/ Debit to A/c. with the designated branch As you are aware, under Online Tax Accounting System (OLTAS), banks are required to deliver taxpayers’ counterfoil across the counter in case of cash payments or where amount is collected by transfer entry in the
RBI/2005-06/97 Ref. DGBA.GAD. No.H. 488 /42.01.034 /2005-06 August 6, 2005The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Tax Counterfoil for Cash Payments/ Debit to A/c. with the designated branch As you are aware, under Online Tax Accounting System (OLTAS), banks are required to deliver taxpayers’ counterfoil across the counter in case of cash payments or where amount is collected by transfer entry in the
Aug 06, 2005
OLTAS- Software Validations at Banks
RBI/2005-06/98 DGBA. GAD. No. H- 492 /42.01.034/ 2005-06 August 6, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, OLTAS- Software Validations at Banks As you are aware, validation of software of banks is essential for ensuring quality of data transmitted by banks to TIN and CAS, RBI, Nagpur under OLTAS. One of the reasons for errors in the data reported has been attributed to non-validation of the soft
RBI/2005-06/98 DGBA. GAD. No. H- 492 /42.01.034/ 2005-06 August 6, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, OLTAS- Software Validations at Banks As you are aware, validation of software of banks is essential for ensuring quality of data transmitted by banks to TIN and CAS, RBI, Nagpur under OLTAS. One of the reasons for errors in the data reported has been attributed to non-validation of the soft
Aug 05, 2005
Submission of Annual Information Return relating to issue of Bonds for Rs. 5 lakh or more under Section 285 BA of Income Tax Act, 1961
RBI/2005-06/96 Ref.No.DGBA.CDD.13.01.299 / H - 739 -768 / 2005-06 August 5, 2005 Shravana 14, 1927 (S) The Chairman/ Managing Director State Bank of India/Associate Banks/ 17 Nationalised Banks/ UTI Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd./ Stock Holding Corporation of India Ltd. Dear Sir, Submission of Annual Information Return relating to issue of Bonds for Rs. 5 lakh or more under Section 285 BA of Income Tax Act, 1961 You have been authorized to
RBI/2005-06/96 Ref.No.DGBA.CDD.13.01.299 / H - 739 -768 / 2005-06 August 5, 2005 Shravana 14, 1927 (S) The Chairman/ Managing Director State Bank of India/Associate Banks/ 17 Nationalised Banks/ UTI Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd./ Stock Holding Corporation of India Ltd. Dear Sir, Submission of Annual Information Return relating to issue of Bonds for Rs. 5 lakh or more under Section 285 BA of Income Tax Act, 1961 You have been authorized to
Jul 30, 2005
Submission of Information on Banking Cash Transaction Tax
RBI /2005-06/85 DGBA. GAD. No. H- 414 /42.01.001/ 2005-06 July 30, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Obligation of Schedule Banks to furnish information on Banking Cash Transaction Tax (BCTT)- We forward herewith a copy of letter F. No. Addl. DIT (inv.) (HQ) /BCTT/2005-06 dated July 27, 2005 received from the Directorate General of Income Tax (investigation), Delhi on the captioned subject
RBI /2005-06/85 DGBA. GAD. No. H- 414 /42.01.001/ 2005-06 July 30, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Obligation of Schedule Banks to furnish information on Banking Cash Transaction Tax (BCTT)- We forward herewith a copy of letter F. No. Addl. DIT (inv.) (HQ) /BCTT/2005-06 dated July 27, 2005 received from the Directorate General of Income Tax (investigation), Delhi on the captioned subject
Jul 30, 2005
OLTAS - Errors in Data Entry
RBI/2005-06/86 DGBA. GAD. No. H-412 /42.01.034/ 2005-06 July 30, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Data Entry Errors – OLTAS It has been reported by Directorate of Income Tax (systems) that there are still a large number of data entry errors in respect of the following two fields, while reporting data under On Line Tax Accounting System (OLTAS): i. Assessment year ii. Minor Head 2. In this
RBI/2005-06/86 DGBA. GAD. No. H-412 /42.01.034/ 2005-06 July 30, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Data Entry Errors – OLTAS It has been reported by Directorate of Income Tax (systems) that there are still a large number of data entry errors in respect of the following two fields, while reporting data under On Line Tax Accounting System (OLTAS): i. Assessment year ii. Minor Head 2. In this
Jul 26, 2005
OLTAS- File Segregation Utility developed by Tax Information Network (TIN)
RBI/2005/81 DGBA.GAD.No.382/42.01.034 /2005-2006 July 26, 2005 The Chairman & Managing Director / Managing Director All Agency Banks Dear Sir, OLTAS- File Segregation Utility developed by Tax Information Network (TIN) Requests have been received from some banks that Tax Information Network (TIN) should not reject the entire file of OLTAS data received from a bank's Link Cell because of a few erroneous records. The banks have desired that TIN should accept the reco
RBI/2005/81 DGBA.GAD.No.382/42.01.034 /2005-2006 July 26, 2005 The Chairman & Managing Director / Managing Director All Agency Banks Dear Sir, OLTAS- File Segregation Utility developed by Tax Information Network (TIN) Requests have been received from some banks that Tax Information Network (TIN) should not reject the entire file of OLTAS data received from a bank's Link Cell because of a few erroneous records. The banks have desired that TIN should accept the reco
Jul 25, 2005
Conduct of Government Business - Agency Commission - Revision of Rates
RBI/2005-06/77 DGBA.GAD.No. 379 /31.12.010(C)/2005-06 July 25, 2005 The Chairman and Managing Director / Managing Director State Bank of India and its Associates/ All Nationalised Banks / HDFC Bank Ltd. / ICICI Bank Ltd./ UTI Bank Ltd./ IDBI Ltd./ Jammu & Kashmir Bank Ltd. Dear Sir, Conduct of Government Business – Agency Commission – Revision of Rates As you are aware, the agency banks are at present being paid a commission of 11.80 paise per Rs.100/- of Governme
RBI/2005-06/77 DGBA.GAD.No. 379 /31.12.010(C)/2005-06 July 25, 2005 The Chairman and Managing Director / Managing Director State Bank of India and its Associates/ All Nationalised Banks / HDFC Bank Ltd. / ICICI Bank Ltd./ UTI Bank Ltd./ IDBI Ltd./ Jammu & Kashmir Bank Ltd. Dear Sir, Conduct of Government Business – Agency Commission – Revision of Rates As you are aware, the agency banks are at present being paid a commission of 11.80 paise per Rs.100/- of Governme
Jul 18, 2005
New Major Head for Accounting "Securities Transaction Tax"
RBI/2005/68 DGBA. GAD. No. H- 297 /42.01.001/ 2005-06 July 18, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, New Major Head for Accounting 'Securities Transaction Tax' Please refer to our circular RBI/2004/281, DGBA.GAD.No.H-1793-1826/ 42.01.001/ 2004-05 dated November 20, 2004 on the above subject. 2. In this connection, we advise that the Office of the Controller General of Accounts has issued corre
RBI/2005/68 DGBA. GAD. No. H- 297 /42.01.001/ 2005-06 July 18, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, New Major Head for Accounting 'Securities Transaction Tax' Please refer to our circular RBI/2004/281, DGBA.GAD.No.H-1793-1826/ 42.01.001/ 2004-05 dated November 20, 2004 on the above subject. 2. In this connection, we advise that the Office of the Controller General of Accounts has issued corre
Jul 18, 2005
Non-acceptance of Fringe Benefit Tax by bank branches- corrigendum
RBI/2005/67 DGBA.GAD.No.H-288 /42.01.034/ 2005-06 July 18, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Non-acceptance of Fringe Benefit Tax by bank branches- corrigendum Please refer to our circular RBI/2005 /62 (DGBA.GAD.No.H-230/42.01.034 /2005-06) dated July 14, 2005 on the above subject. 2. The circular No. quoted in the first line of the above circular as RBI/2005/42, DGBA.GAD. No. H-76/42.01.0
RBI/2005/67 DGBA.GAD.No.H-288 /42.01.034/ 2005-06 July 18, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Non-acceptance of Fringe Benefit Tax by bank branches- corrigendum Please refer to our circular RBI/2005 /62 (DGBA.GAD.No.H-230/42.01.034 /2005-06) dated July 14, 2005 on the above subject. 2. The circular No. quoted in the first line of the above circular as RBI/2005/42, DGBA.GAD. No. H-76/42.01.0
Jul 14, 2005
Non-acceptance of Fringe Benefit Tax by bank branches
RBI/2005-06/62 DGBA.GAD.No.H-230 /42.01.034/ 2005-06 July 14, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Non-acceptance of Fringe Benefit Tax by bank branches Please refer to paragraph two of our circular RBI/ 2005/ 42, DGBA. GAD. No. H-76/ 42.01.001/2005-06 dated July 4, 2005 regarding Finance Act 2005- Changes in Major Head and Challans-OLTAS. 2. It has been brought to our notice by CBDT authorit
RBI/2005-06/62 DGBA.GAD.No.H-230 /42.01.034/ 2005-06 July 14, 2005 The Chairman/Chairman and Managing Director All Agency Banks including Jammu and Kashmir Bank Ltd. Dear Sir, Non-acceptance of Fringe Benefit Tax by bank branches Please refer to paragraph two of our circular RBI/ 2005/ 42, DGBA. GAD. No. H-76/ 42.01.001/2005-06 dated July 4, 2005 regarding Finance Act 2005- Changes in Major Head and Challans-OLTAS. 2. It has been brought to our notice by CBDT authorit
Jul 04, 2005
Finance Act 2005- Changes in Major Head and Challans - OLTAS
RBI/2005-06/39DGBA.GAD.No.H-42 /42.01.034/2005-06 July 4, 2005 The Chairman & Managing Director All Agency Banks including Jammu & Kashmir Bank Ltd Dear Sir, Finance Act 2005- Changes in Major Head and Challans - OLTAS As you are aware, the Finance Act 2005 has introduced two new taxes i.e. Fringe Benefit Tax and Banking Cash Transactions Tax. Consequently, certain changes /rationalization have been made to Major Heads and Sub-Minor Head of Accounts by Income
RBI/2005-06/39DGBA.GAD.No.H-42 /42.01.034/2005-06 July 4, 2005 The Chairman & Managing Director All Agency Banks including Jammu & Kashmir Bank Ltd Dear Sir, Finance Act 2005- Changes in Major Head and Challans - OLTAS As you are aware, the Finance Act 2005 has introduced two new taxes i.e. Fringe Benefit Tax and Banking Cash Transactions Tax. Consequently, certain changes /rationalization have been made to Major Heads and Sub-Minor Head of Accounts by Income
May 13, 2005
On-line Tax Accounting System (OLTAS) - Funds Settlement
RBI/2005/466 DGBA.GAD.No.H. 5801 /42.01.034/ 2004-05 May 13, 2005 The Chairman and Managing Director Managing Director State Bank of India and its Associates/ All Public Sector Banks / HDFC Bank Ltd. / ICICI Bank Ltd./ UTI Bank Ltd./ IDBI Ltd./ Jammu & Kashmir Bank Ltd. Dear Sir, On-line Tax Accounting System (OLTAS) – Funds Settlement Please refer to our circular RBI/2005/406 dated March 29, 2005 regarding funds settlement under OLTAS. 2. It has been brought to o
RBI/2005/466 DGBA.GAD.No.H. 5801 /42.01.034/ 2004-05 May 13, 2005 The Chairman and Managing Director Managing Director State Bank of India and its Associates/ All Public Sector Banks / HDFC Bank Ltd. / ICICI Bank Ltd./ UTI Bank Ltd./ IDBI Ltd./ Jammu & Kashmir Bank Ltd. Dear Sir, On-line Tax Accounting System (OLTAS) – Funds Settlement Please refer to our circular RBI/2005/406 dated March 29, 2005 regarding funds settlement under OLTAS. 2. It has been brought to o
May 05, 2005
OLTAS - Uploading of challan data pertaining to previous period (June 1, 2004 to March 31, 2005)
RBI/2004-05/455 DGBA.GAD.No.H 5723 /42.01.037/2004-05 May 5, 2005 The Chairman and Managing Director/ Managing Director State Bank of India and its Associates/ All Public Sector Banks/ HDFC Bank Ltd./ICICI Bank Ltd./UTI Bank Ltd./ IDBI Ltd./Jammu & Kashmir Bank Ltd. Dear Sir, OLTAS – Uploading of challan data pertaining to previous period (June 1, 2004 to March 31, 2005) In the meeting of Nodal Officers convened by Directorate of Income Tax (Systems), Central Boar
RBI/2004-05/455 DGBA.GAD.No.H 5723 /42.01.037/2004-05 May 5, 2005 The Chairman and Managing Director/ Managing Director State Bank of India and its Associates/ All Public Sector Banks/ HDFC Bank Ltd./ICICI Bank Ltd./UTI Bank Ltd./ IDBI Ltd./Jammu & Kashmir Bank Ltd. Dear Sir, OLTAS – Uploading of challan data pertaining to previous period (June 1, 2004 to March 31, 2005) In the meeting of Nodal Officers convened by Directorate of Income Tax (Systems), Central Boar
Apr 25, 2005
Maintenance of Government Accounts - Recovery of Interest on delayed remittances (Government of India Transactions
RBI/2005-2005/431 DGBA.GAD.No.H-5531/42.01.011/ 2004-05 April 25, 2005 The Chairman & Managing Director / Managing Director State Bank of India and its Associates/ All Public Sector Banks/ Jammu & Kashmir Bank Ltd. Dear Sir, Maintenance of Government Accounts - Recovery of Interest on delayed remittances (Government of India Transactions) The existing procedure for remittance of collection of Government receipts/revenues for crediting into Government account m
RBI/2005-2005/431 DGBA.GAD.No.H-5531/42.01.011/ 2004-05 April 25, 2005 The Chairman & Managing Director / Managing Director State Bank of India and its Associates/ All Public Sector Banks/ Jammu & Kashmir Bank Ltd. Dear Sir, Maintenance of Government Accounts - Recovery of Interest on delayed remittances (Government of India Transactions) The existing procedure for remittance of collection of Government receipts/revenues for crediting into Government account m
Apr 04, 2005
Accounting of past data in On-line Tax Accounting System(OLTAS) and Accounting of March Residual
RBI/2004-05/413DGBA.GAD.NO.H-5312/42.01.034/2004-05 April 4, 2005 The Chief Executive Officer All Agency Banks (As per list) Dear Sir, Accounting of past data in On-line Tax Accounting System(OLTAS) and Accounting of March Residual Please refer to the discussion held in the meeting held at Indian Banks’ Association on March 04, 2005. As you may please recall, among other things, the requirement of submitting data relating to a particular nodal scroll date/nodal branch
RBI/2004-05/413DGBA.GAD.NO.H-5312/42.01.034/2004-05 April 4, 2005 The Chief Executive Officer All Agency Banks (As per list) Dear Sir, Accounting of past data in On-line Tax Accounting System(OLTAS) and Accounting of March Residual Please refer to the discussion held in the meeting held at Indian Banks’ Association on March 04, 2005. As you may please recall, among other things, the requirement of submitting data relating to a particular nodal scroll date/nodal branch
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