Withdrawn Circulars - RBI - Reserve Bank of India
Withdrawn Circulars
Nov 07, 2006
Withdrawn
Maintenance of Government Accounts - Interest on Delayed Remittances and Excess/Double Reimbursement
RBI/2006-07/169 DGBA.GAD.No.H. 7377/42.01.011/2006-07 November 7, 2006 Kartika 16, 1928 (Saka) The Chairman/Managing Director State Bank of India & its Associates All Nationalised 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/2006/387(DGBA.GAD.No.H.17981/42.01.011 /2005-06) date
RBI/2006-07/169 DGBA.GAD.No.H. 7377/42.01.011/2006-07 November 7, 2006 Kartika 16, 1928 (Saka) The Chairman/Managing Director State Bank of India & its Associates All Nationalised 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/2006/387(DGBA.GAD.No.H.17981/42.01.011 /2005-06) date
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Jul 19, 2006
Withdrawn
Master Circular on Conduct of Government Business by Agency Banks- Payment of Agency Commission
RBI/2006/77 DGBA.GAD.No. 1052/31.12.010/2006-07 July 19,2006 Aashadha 28 ,1928( S) All Agency Banks Dear Sir, Master Circular on Conduct of Government Business by Agency Banks- Payment of Agency Commission Reserve Bank of India has been issuing various instructions on Agency Commission payable to banks from time to time. These instructions were conveyed in our master circular RBI/2005-06/105 (DGBA.GAD. (MC) No.564/31.12.010/2005-06) August 10, 2005. We now enclose an
RBI/2006/77 DGBA.GAD.No. 1052/31.12.010/2006-07 July 19,2006 Aashadha 28 ,1928( S) All Agency Banks Dear Sir, Master Circular on Conduct of Government Business by Agency Banks- Payment of Agency Commission Reserve Bank of India has been issuing various instructions on Agency Commission payable to banks from time to time. These instructions were conveyed in our master circular RBI/2005-06/105 (DGBA.GAD. (MC) No.564/31.12.010/2005-06) August 10, 2005. We now enclose an
Jul 19, 2006
Withdrawn
Master Circular- Disbursement of Pension by Agency Banks
RBI/2006/78 DGBA.GAD. No. 1059/ 31.05.001/ 2006-07 July 19, 2006 All Agency Banks Dear Sir, Master Circular- Disbursement of Pension by Agency Banks Reserve Bank of India has been issuing various instructions relating to Payment of Government pension by Agency banks. These instructions were conveyed in our master circular RBI/ 2005/ 142 (DGBA. GAD. (MC) No. 679/ 31.05.001/ 2005-06) dated August 24, 2005. We now enclose an updated master circular incorporating importan
RBI/2006/78 DGBA.GAD. No. 1059/ 31.05.001/ 2006-07 July 19, 2006 All Agency Banks Dear Sir, Master Circular- Disbursement of Pension by Agency Banks Reserve Bank of India has been issuing various instructions relating to Payment of Government pension by Agency banks. These instructions were conveyed in our master circular RBI/ 2005/ 142 (DGBA. GAD. (MC) No. 679/ 31.05.001/ 2005-06) dated August 24, 2005. We now enclose an updated master circular incorporating importan
May 17, 2006
Withdrawn
Maintenance of Government Accounts - Interest on Delayed Remittances and Excess/Double Reimbursement
RBI/2005-06/387 DGBA.GAD.No.H.17981/42.01.011/2005-06 May 17, 2006 Vaishakha 27, 1928 (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/2005/209(DGBA.GAD.No.H.5872/42.01. 011/2005-06) da
RBI/2005-06/387 DGBA.GAD.No.H.17981/42.01.011/2005-06 May 17, 2006 Vaishakha 27, 1928 (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/2005/209(DGBA.GAD.No.H.5872/42.01. 011/2005-06) da
May 08, 2006
Withdrawn
Agency Commission Rates Revised for Conducting Government Business
RBI/2005-06/384 DGBA.GAD.No. 17585 /31.12.010(C)/2005-06 May 8, 2006 The Chairman & Managing Director / Managing Director State Bank of India and its Associates / All Nationalised Banks / IDBI Ltd. / HDFC Bank Ltd. / ICICI Bank Ltd. / UTI Bank Ltd. / Jammu & Kashmir Bank Ltd. Dear Sir, Conduct of Government Business – Agency Commission - Revision of Rates Please refer to our Circular DGBA.GAD.No. 379/31.12.010(C)/2005-06 dated July 25, 2005 advising about the
RBI/2005-06/384 DGBA.GAD.No. 17585 /31.12.010(C)/2005-06 May 8, 2006 The Chairman & Managing Director / Managing Director State Bank of India and its Associates / All Nationalised Banks / IDBI Ltd. / HDFC Bank Ltd. / ICICI Bank Ltd. / UTI Bank Ltd. / Jammu & Kashmir Bank Ltd. Dear Sir, Conduct of Government Business – Agency Commission - Revision of Rates Please refer to our Circular DGBA.GAD.No. 379/31.12.010(C)/2005-06 dated July 25, 2005 advising about the
Apr 12, 2006
Withdrawn
Date of Closure of Residual March Transactions extended
RBI/2005-06/359 DGBA.GAD.No.H15769/42.01.001/2005-06 April 12, 2006 The Chief Executive Officers All Agency Banks Dear Sir, Scheme for Collection of Dues of (i) Central Board of Direct Taxes ( ii ) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2005-2006 Please refer to our Circular DGBA.GAD.No.H-11835/42.01.001/2004-05 dated February 14, 2006 on the
RBI/2005-06/359 DGBA.GAD.No.H15769/42.01.001/2005-06 April 12, 2006 The Chief Executive Officers All Agency Banks Dear Sir, Scheme for Collection of Dues of (i) Central Board of Direct Taxes ( ii ) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2005-2006 Please refer to our Circular DGBA.GAD.No.H-11835/42.01.001/2004-05 dated February 14, 2006 on the
Mar 21, 2006
Withdrawn
Annual Closing of Accounts - Receipt of Central /State Government Taxes (Direct/Indirect) -Arrangements for the Current Financial Year (2005-06)
RBI/2005-06/328 DGBA.GAD.No.H-14396/42.01.029/2005-06 March 21, 2006 The Chairman/Chairman & Managing Director/Managing Director State Bank of India & its Associate Banks All Public Sector Banks Jammu & Kashmir Bank Ltd. HDFC Bank Ltd/ICICI Bank Ltd. UTI Bank Ltd/IDBI Ltd. Dear Sir, Annual Closing of Accounts - Receipt of Central /State Government Taxes (Direct/Indirect) –Arrangements for the Current Financial Year (2005-06) We have received requests from
RBI/2005-06/328 DGBA.GAD.No.H-14396/42.01.029/2005-06 March 21, 2006 The Chairman/Chairman & Managing Director/Managing Director State Bank of India & its Associate Banks All Public Sector Banks Jammu & Kashmir Bank Ltd. HDFC Bank Ltd/ICICI Bank Ltd. UTI Bank Ltd/IDBI Ltd. Dear Sir, Annual Closing of Accounts - Receipt of Central /State Government Taxes (Direct/Indirect) –Arrangements for the Current Financial Year (2005-06) We have received requests from
Feb 14, 2006
Withdrawn
Scheme for Collection of Dues of ( i ) Central Board of Direct Taxes ( ii ) Central Board of Excise and Customs ( iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2005-2006
RBI/2005-2006/300 DGBA.GAD.No.H.11835 /42.01.001/2005-06 February 14, 2006 The Chief Executive Officers All Agency Banks (As per list enclosed) Dear Sir Scheme for Collection of Dues of ( i ) Central Board of Direct Taxes ( ii ) Central Board of Excise and Customs ( iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2005-2006 Please refer to Circular DGBA.GAD.No.H-4785/42.01.001/2004-05 dat
RBI/2005-2006/300 DGBA.GAD.No.H.11835 /42.01.001/2005-06 February 14, 2006 The Chief Executive Officers All Agency Banks (As per list enclosed) Dear Sir Scheme for Collection of Dues of ( i ) Central Board of Direct Taxes ( ii ) Central Board of Excise and Customs ( iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2005-2006 Please refer to Circular DGBA.GAD.No.H-4785/42.01.001/2004-05 dat
Feb 02, 2006
Withdrawn
OLTAS - Sending Daily Scrolls by E-mail to ZAOs
RBI/2005-2006/295 DGBA.GAD.No.H-11140/42.01.034/2005-06 February 2, 2006 The Chairman and Managing Director All Agency Banks Dear Sir, Online Tax Accounting System (OLTAS)- Sending daily scrolls by e-mail to ZAOs Please refer to our circular DGBA. GAD. No. H-6586/42.01.034/2005-06 dated November 28, 2005 on the captioned subject. We now enclose herewith the revised format of Electronic Nodal Branch Daily Main Scroll for Direct Tax Collection by agency banks. You may u
RBI/2005-2006/295 DGBA.GAD.No.H-11140/42.01.034/2005-06 February 2, 2006 The Chairman and Managing Director All Agency Banks Dear Sir, Online Tax Accounting System (OLTAS)- Sending daily scrolls by e-mail to ZAOs Please refer to our circular DGBA. GAD. No. H-6586/42.01.034/2005-06 dated November 28, 2005 on the captioned subject. We now enclose herewith the revised format of Electronic Nodal Branch Daily Main Scroll for Direct Tax Collection by agency banks. You may u
Sep 06, 2005
Withdrawn
Master Circular - Collection of Direct Taxes- OLTAS
RBI/2005- 158 DGBA.GAD.No. H- 852 /42.01.034/2005-06 September 06, 2005 To all Agency Banks Dear Sir, Master Circular – Collection of Direct Taxes- OLTAS The Online Tax Accounting System (OLTAS) for collection, accounting and reporting of direct taxes was introduced with effect from June 01, 2004 at all designated branches of Agency Banks. Funds settlement based on online data was also introduced with effect from April 01, 2005. With a view to facilitate quick referen
RBI/2005- 158 DGBA.GAD.No. H- 852 /42.01.034/2005-06 September 06, 2005 To all Agency Banks Dear Sir, Master Circular – Collection of Direct Taxes- OLTAS The Online Tax Accounting System (OLTAS) for collection, accounting and reporting of direct taxes was introduced with effect from June 01, 2004 at all designated branches of Agency Banks. Funds settlement based on online data was also introduced with effect from April 01, 2005. With a view to facilitate quick referen
Aug 10, 2005
Withdrawn
Master Circular on Conduct of Government Business by Agency Banks- Payment of Agency Commission
RBI/2005-06/105 DGBA.GAD. (MC) No.564/31.12.010/2005-06 August 10, 2005 All Agency Banks Dear Sir, Master Circular on Conduct of Government Business by Agency Banks- Payment of Agency Commission Reserve Bank of India has been issuing various instructions on Agency Commission from time to time. In order to enable Agency banks to have the current operative instructions on the subject at one place, a Master Circular prepared by us is enclosed. You may also access the cir
RBI/2005-06/105 DGBA.GAD. (MC) No.564/31.12.010/2005-06 August 10, 2005 All Agency Banks Dear Sir, Master Circular on Conduct of Government Business by Agency Banks- Payment of Agency Commission Reserve Bank of India has been issuing various instructions on Agency Commission from time to time. In order to enable Agency banks to have the current operative instructions on the subject at one place, a Master Circular prepared by us is enclosed. You may also access the cir
Aug 06, 2005
Withdrawn
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
Withdrawn
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
Jul 30, 2005
Withdrawn
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
Withdrawn
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
Withdrawn
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
Withdrawn
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
Withdrawn
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
Withdrawn
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
Withdrawn
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
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