Notifications - Banker to Governments and Banks - RBI - Reserve Bank of India
Notifications
Dec 12, 2019
RBI Master Circular on Collection of Direct Tax - OLTAS
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/2019-20/113 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
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Sep 26, 2019
Recovery of Interest on delayed remittance of Government Receipts into Government Account
RBI/2019-20/70 DGBA.GBD.No.653/42.01.011/2019-20 September 26, 2019 The Chairman and Managing Directors/Managing Director/CEO All Agency Banks Dear Sir / Madam Recovery of Interest on delayed remittance of Government Receipts into Government Account Please refer to our circular DGBA.GAD.No.H-4831/42.01.011/2012-13 dated February 13, 2013 wherein, in order to bring uniformity in the procedure of reporting both central and State government transactions to Reserve Bank,
RBI/2019-20/70 DGBA.GBD.No.653/42.01.011/2019-20 September 26, 2019 The Chairman and Managing Directors/Managing Director/CEO All Agency Banks Dear Sir / Madam Recovery of Interest on delayed remittance of Government Receipts into Government Account Please refer to our circular DGBA.GAD.No.H-4831/42.01.011/2012-13 dated February 13, 2013 wherein, in order to bring uniformity in the procedure of reporting both central and State government transactions to Reserve Bank,
Sep 26, 2019
Remittance of government receipts (physical receipts) to Government account
RBI/2019-20/71 DGBA.GBD.No.661/42.01.011/2019-20 September 26, 2019 All Agency Banks Dear Sir / Madam Remittance of government receipts (physical receipts) to Government account Please refer to the Office Memorandum No. S-11012/1(31)/AC(22)/2015/RBD/332-424 dated March 9, 2016 issued by Office of Controller General of Accounts, Ministry of Finance (copy enclosed) along with our Circulars DGBA.GAD.No.H-11763/42.01.011/2006-07 dated January 24, 2007, DGBA.GAD.No.H-7790/
RBI/2019-20/71 DGBA.GBD.No.661/42.01.011/2019-20 September 26, 2019 All Agency Banks Dear Sir / Madam Remittance of government receipts (physical receipts) to Government account Please refer to the Office Memorandum No. S-11012/1(31)/AC(22)/2015/RBD/332-424 dated March 9, 2016 issued by Office of Controller General of Accounts, Ministry of Finance (copy enclosed) along with our Circulars DGBA.GAD.No.H-11763/42.01.011/2006-07 dated January 24, 2007, DGBA.GAD.No.H-7790/
Sep 25, 2019
Agency Commission- Furnishing reconciliation certificate
RBI/2019-20/69 DGBA.GBD.No.648/31.12.007/2019-20 September 25, 2019 All Agency Banks Dear Sir / Madam Agency Commission- Furnishing reconciliation certificate Please refer to our Circular No RBI/2019-20/21 DGBA.GBD.No.5/31.02.007/2019-20 dated July 31, 2019 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 is now been decided that agency banks while claiming agency
RBI/2019-20/69 DGBA.GBD.No.648/31.12.007/2019-20 September 25, 2019 All Agency Banks Dear Sir / Madam Agency Commission- Furnishing reconciliation certificate Please refer to our Circular No RBI/2019-20/21 DGBA.GBD.No.5/31.02.007/2019-20 dated July 31, 2019 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 is now been decided that agency banks while claiming agency
Jul 31, 2019
Agency Commission- Furnishing reconciliation certificate
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/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
Jun 20, 2019
Rationalisation and Revision of Agency Commission Payable to Banks on Government Transactions
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/2018-19/219 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
Jun 20, 2019
Discontinuation of the requirement of Paper to Follow (P2F) for State Government Cheques
RBI/2018-19/216 DGBA.GBD.No.3136/42.01.035/2018-2019 June 20, 2019 The Chairman and Managing Director/ The Chief Executive Officer All Agency Banks Madam / Dear Sir, Discontinuation of the requirement of Paper to Follow (P2F) for State Government Cheques With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment of cheques without their physical
RBI/2018-19/216 DGBA.GBD.No.3136/42.01.035/2018-2019 June 20, 2019 The Chairman and Managing Director/ The Chief Executive Officer All Agency Banks Madam / Dear Sir, Discontinuation of the requirement of Paper to Follow (P2F) for State Government Cheques With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment of cheques without their physical
Jun 13, 2019
Scheme for Reimbursement of MDR- withdrawal of RBI circulars
RBI/2018-19/210 DGBA.GBD.No.3089/43.33.001/2018-19 June 13, 2019 To All Acquiring Banks of Debit Card/ BHIM UPI/ BHIM Aadhaar Pay transactions Dear Sir Scheme for Reimbursement of MDR- withdrawal of RBI circulars Please refer to our following instructions on the MDR reimbursement schemes: Circular no. RBI/2016-17/228 DGBA.GAD.No.2128/44.02.001/2016-17 dated February 16, 2017 Circular no. RBI/2017-18/55 DGBA.GBD.No.505/31.02.007/2017-18 dated September 7, 2017 Letter n
RBI/2018-19/210 DGBA.GBD.No.3089/43.33.001/2018-19 June 13, 2019 To All Acquiring Banks of Debit Card/ BHIM UPI/ BHIM Aadhaar Pay transactions Dear Sir Scheme for Reimbursement of MDR- withdrawal of RBI circulars Please refer to our following instructions on the MDR reimbursement schemes: Circular no. RBI/2016-17/228 DGBA.GAD.No.2128/44.02.001/2016-17 dated February 16, 2017 Circular no. RBI/2017-18/55 DGBA.GBD.No.505/31.02.007/2017-18 dated September 7, 2017 Letter n
Mar 26, 2019
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2018-19)
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/2018-19/149 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
Mar 20, 2019
Reporting and Accounting of Central Government Transactions of March 2019
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/2018-19/143 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
Dec 06, 2018
Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2018
RBI/2018-19/88 DGBA.GBD.No.1397/15.01.001/2018-19 December 6, 2018The Chairman/Managing Director/Chief Executive Officer/ Agency Banks Handling the Special Deposit Scheme 1975 Dear Sir Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2018 We want to inform that gazette notifications related to interest rates for SDS 1975 are available in Government of India website viz. egazette.nic.in which can be perused for guidance. You may please ensure tha
RBI/2018-19/88 DGBA.GBD.No.1397/15.01.001/2018-19 December 6, 2018The Chairman/Managing Director/Chief Executive Officer/ Agency Banks Handling the Special Deposit Scheme 1975 Dear Sir Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2018 We want to inform that gazette notifications related to interest rates for SDS 1975 are available in Government of India website viz. egazette.nic.in which can be perused for guidance. You may please ensure tha
Jul 19, 2018
Interest rates for Small Savings Schemes
RBI/2018-19/22 DGBA.GBD.123/15.02.005/2018-19@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ July 19, 2018 The Chairman/Chief Executive OfficerAgency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.2573/15.02.005/2017-18 dated April 12, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated July 2, 2018 has stated that the interest rates on Small
RBI/2018-19/22 DGBA.GBD.123/15.02.005/2018-19@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ July 19, 2018 The Chairman/Chief Executive OfficerAgency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.2573/15.02.005/2017-18 dated April 12, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated July 2, 2018 has stated that the interest rates on Small
Jul 12, 2018
Period for Submission of Agency Commission Claims
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/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
Jun 21, 2018
Customer Service provided by agency banks
RBI/2017-18/205 DGBA.GBD.No.3214/45.01.001/2017-18 June 21, 2018 All Agency Banks (dealing with pension payments) Dear Sir / Madam Customer Service provided by agency banks Please refer to our circular no.DGBA.GAD.H-3085/45.01.001/2008-09 dated October 1, 2008 on the captioned subject. 2. We are receiving complaints from various quarters that pensioners are not being treated with due consideration by bank officials, specifically the old pensioners, when they come to t
RBI/2017-18/205 DGBA.GBD.No.3214/45.01.001/2017-18 June 21, 2018 All Agency Banks (dealing with pension payments) Dear Sir / Madam Customer Service provided by agency banks Please refer to our circular no.DGBA.GAD.H-3085/45.01.001/2008-09 dated October 1, 2008 on the captioned subject. 2. We are receiving complaints from various quarters that pensioners are not being treated with due consideration by bank officials, specifically the old pensioners, when they come to t
Apr 12, 2018
Interest rates for Small Savings Schemes
RBI/2017-18/160 DGBA.GBD. 2573/15.02.005/2017-18 April 12, 2018 The Chairman/Chief Executive Officer Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.1781/15.02.005/2017-18 dated January 11, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated March 28, 2018 has stated that the interest rates on Small Savings Schemes for th
RBI/2017-18/160 DGBA.GBD. 2573/15.02.005/2017-18 April 12, 2018 The Chairman/Chief Executive Officer Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.1781/15.02.005/2017-18 dated January 11, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated March 28, 2018 has stated that the interest rates on Small Savings Schemes for th
Mar 27, 2018
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2017-18)
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/2017-18/144 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
Mar 19, 2018
Reporting and Accounting of Central Government Transactions of March 2018
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/2017-18/142 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
Mar 15, 2018
Agency commission payable to banks for operating Special Deposit Scheme (SDS)
RBI/2017-18/140 DGBA.GBD.2294/15.01.001/2017-18 March 15, 2018 All Agency Banks handling Special Deposit Scheme Dear Sir, Agency commission payable to banks for operating Special Deposit Scheme (SDS) Please refer to para 2 of our Master Circular RBI/2017-18/2 dated July 1, 2017 on Conduct of Government Business by Agency Banks- Payment of Agency Commission where in it is mentioned that SDS transactions undertaken by agency banks are eligible for agency commission. 2.
RBI/2017-18/140 DGBA.GBD.2294/15.01.001/2017-18 March 15, 2018 All Agency Banks handling Special Deposit Scheme Dear Sir, Agency commission payable to banks for operating Special Deposit Scheme (SDS) Please refer to para 2 of our Master Circular RBI/2017-18/2 dated July 1, 2017 on Conduct of Government Business by Agency Banks- Payment of Agency Commission where in it is mentioned that SDS transactions undertaken by agency banks are eligible for agency commission. 2.
Feb 01, 2018
Small Saving Schemes - Payment of Agency Commission
RBI/2017-18/127 DGBA.GBD.No.1972/15.02.005/2017-18 February 01, 2018 All Agency Banks handling Small Saving Schemes Dear Sir / Madam Small Saving Schemes – Payment of Agency Commission Please refer to Government of India Notification F. No. 7/10/2014-NS dated October 10, 2017, wherein, all Public Sector Banks, ICICI Bank Ltd., Axis Bank Ltd., and HDFC Bank Ltd., were authorised to receive subscriptions under National Saving Time Deposit Scheme, 1981, National Saving (
RBI/2017-18/127 DGBA.GBD.No.1972/15.02.005/2017-18 February 01, 2018 All Agency Banks handling Small Saving Schemes Dear Sir / Madam Small Saving Schemes – Payment of Agency Commission Please refer to Government of India Notification F. No. 7/10/2014-NS dated October 10, 2017, wherein, all Public Sector Banks, ICICI Bank Ltd., Axis Bank Ltd., and HDFC Bank Ltd., were authorised to receive subscriptions under National Saving Time Deposit Scheme, 1981, National Saving (
Jan 11, 2018
Interest rates for Small Savings Schemes
RBI/2017-18/120 DGBA.GBD.1781/15.02.005/2017-18 January 11, 2018 All Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated December 27, 2017 advised the rate of interest on various small savings schemes for the fourth quarter of the fina
RBI/2017-18/120 DGBA.GBD.1781/15.02.005/2017-18 January 11, 2018 All Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated December 27, 2017 advised the rate of interest on various small savings schemes for the fourth quarter of the fina
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