Notifications - RBI - Reserve Bank of India
Notifications
Jan 16, 2004
8% Savings (Taxable) Bonds 2003
January 16, 2004 Pausha 26, 1925 Circular No. RBI / 2004 / 13 Ref.DGBA.CO.DT.13.01.299/H- 3819 /2003-04 The Chairman & Managing Director, SBI & 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, 8% Savings (Taxable) Bonds 2003 Please refer to our letter No.CO.DT.13.01.299/H-38362002-03 dated 3rd April 2003 on the captioned subject. In this connectio
January 16, 2004 Pausha 26, 1925 Circular No. RBI / 2004 / 13 Ref.DGBA.CO.DT.13.01.299/H- 3819 /2003-04 The Chairman & Managing Director, SBI & 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, 8% Savings (Taxable) Bonds 2003 Please refer to our letter No.CO.DT.13.01.299/H-38362002-03 dated 3rd April 2003 on the captioned subject. In this connectio
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Sep 27, 2003
Borrowing from Close Relatives Abroad
A.P. (DIR Series) Circular No.24 (Sept 27, 2003)
A.P. (DIR Series) Circular No.24 (Sept 27, 2003)
Reserve Bank of India Exchange Control Department Central Office Mumbai - 400 001 A.P. (DIR Series) Circular No.24 September 27, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Borrowing from Close Relatives Abroad Attention of Authorised Dealers is invited to paragraph (iv) of the Schedule to Regulation 6 of Notification No.FEMA 3/2000-RB dated May 3, 2000 in terms of which an individual resident in India is allowed by Reserve Bank, on application, to
Reserve Bank of India Exchange Control Department Central Office Mumbai - 400 001 A.P. (DIR Series) Circular No.24 September 27, 2003 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Borrowing from Close Relatives Abroad Attention of Authorised Dealers is invited to paragraph (iv) of the Schedule to Regulation 6 of Notification No.FEMA 3/2000-RB dated May 3, 2000 in terms of which an individual resident in India is allowed by Reserve Bank, on application, to
Jul 23, 2003
Section 23 of Banking Regulation Act, 1949 –
Third party transfer of funds through ATMs
Third party transfer of funds through ATMs
DBOD.No.BL.BC 5/22.01.001/2003July 23, 2003. Shravana 01,1925(Saka)All Scheduled Commercial Banks (excluding RRBs and LABs)Dear SirSection 23 of Banking Regulation Act, 1949 – Third party transfer of funds through ATMs.Please refer to Para 12.3 of our master circular No. DBOD. BL.BC. 5/22.01.001/ 2002 dated July 18, 2002 on the functions that may be provided at Automated Teller Machines (ATMs) wherein it has been specified that inter account transfers should be restri
DBOD.No.BL.BC 5/22.01.001/2003July 23, 2003. Shravana 01,1925(Saka)All Scheduled Commercial Banks (excluding RRBs and LABs)Dear SirSection 23 of Banking Regulation Act, 1949 – Third party transfer of funds through ATMs.Please refer to Para 12.3 of our master circular No. DBOD. BL.BC. 5/22.01.001/ 2002 dated July 18, 2002 on the functions that may be provided at Automated Teller Machines (ATMs) wherein it has been specified that inter account transfers should be restri
Jul 17, 2003
Current Account Transactions - Liberalisation
Reserve Bank of India Exchange Control Department Central Office Mumbai – 400 001A.P.(DIR Series) Circular No.3July 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions - LiberalisationAttention of authorised dealers is invited to the existing limits for release of foreign exchange under Schedule III to Rule 5 of Foreign Exchange Management (Current Account Transactions) Rules, 2000 as amended from time to time. As a step toward
Reserve Bank of India Exchange Control Department Central Office Mumbai – 400 001A.P.(DIR Series) Circular No.3July 17, 2003To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Current Account Transactions - LiberalisationAttention of authorised dealers is invited to the existing limits for release of foreign exchange under Schedule III to Rule 5 of Foreign Exchange Management (Current Account Transactions) Rules, 2000 as amended from time to time. As a step toward
Jun 26, 2003
Procedure for Dishonour of cheques
Ref. DBOD.BC.Leg. No.113 / 09.12.001/ 2002-03 June 26, 2003All Scheduled Commercial Banks (Excluding RRBs and LABs)Dear Sir,Dishonour of cheques – Procedure thereofAs you are aware, in January 1992, banks were advised to implement the recommendation of the Goiporia Committee that dishonoured instruments are returned / despatched to the customer promptly without delay, in any case within 24 hours (Ref.No.3.36 – our circular DBOD.No.BC.74/09.07.001/91-92 dated 28th Janu
Ref. DBOD.BC.Leg. No.113 / 09.12.001/ 2002-03 June 26, 2003All Scheduled Commercial Banks (Excluding RRBs and LABs)Dear Sir,Dishonour of cheques – Procedure thereofAs you are aware, in January 1992, banks were advised to implement the recommendation of the Goiporia Committee that dishonoured instruments are returned / despatched to the customer promptly without delay, in any case within 24 hours (Ref.No.3.36 – our circular DBOD.No.BC.74/09.07.001/91-92 dated 28th Janu
May 26, 2003
Interest Rates on Deposits - Premature Withdrawal
UBD.(PCB)78/DC.V.1(B)/92-93 May 26, 1993 All Primary (Urban) Co-operative Banks Dear Sirs, Interest Rates on Deposits - Premature Withdrawal Please refer to paragraphs 11 and 12 of our directive No. UBD.DC.102/V.1-87/88 dated 25 June 1987 regarding premature withdrawal closure of term deposits. 2. As banks are aware, in terms of paragraph 12 of our above directive dated 25 June 1987, in case of premature closure of a term deposit, a deposit in the form of daily deposi
UBD.(PCB)78/DC.V.1(B)/92-93 May 26, 1993 All Primary (Urban) Co-operative Banks Dear Sirs, Interest Rates on Deposits - Premature Withdrawal Please refer to paragraphs 11 and 12 of our directive No. UBD.DC.102/V.1-87/88 dated 25 June 1987 regarding premature withdrawal closure of term deposits. 2. As banks are aware, in terms of paragraph 12 of our above directive dated 25 June 1987, in case of premature closure of a term deposit, a deposit in the form of daily deposi
May 21, 2003
International Credit Cards - Liberalisation of Facilities for Residents
A.P.(DIR Series) Circular No.103 (May 21, 2003)
A.P.(DIR Series) Circular No.103 (May 21, 2003)
Reserve Bank of India Exchange Control Department Central office Mumbai-400 001A.P.(DIR Series) Circular No.103 May 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Credit Cards - Liberalisation of Facilities for ResidentsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.73 dated January 24, 2003, relating to the use of International Credit Cards.2. As a step towards further liberalisation, resident individuals mai
Reserve Bank of India Exchange Control Department Central office Mumbai-400 001A.P.(DIR Series) Circular No.103 May 21, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,International Credit Cards - Liberalisation of Facilities for ResidentsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No.73 dated January 24, 2003, relating to the use of International Credit Cards.2. As a step towards further liberalisation, resident individuals mai
May 05, 2003
Guidelines on Fair Practices Code for Lenders
DBOD. Leg. No.BC. 104 /09.07.007/2002-03 May 5, 2003All Scheduled Commercial Banks / All India Financial Institutions (Excluding RRBs and LABs)Dear Sir,Guidelines on Fair Practices Code for LendersOn the basis of the recommendations of the Working Group on Lenders’ Liability Laws constituted by the Government of India, we have examined, in consultation with Government, select banks and financial institutions, the feasibility of introducing the Fair Practices Code for
DBOD. Leg. No.BC. 104 /09.07.007/2002-03 May 5, 2003All Scheduled Commercial Banks / All India Financial Institutions (Excluding RRBs and LABs)Dear Sir,Guidelines on Fair Practices Code for LendersOn the basis of the recommendations of the Working Group on Lenders’ Liability Laws constituted by the Government of India, we have examined, in consultation with Government, select banks and financial institutions, the feasibility of introducing the Fair Practices Code for
Jan 24, 2003
Foreign Exchange Management Act, 1999 – Current Account Transactions – Use of International Credit Cards abroad
A.P.(DIR Series) Circular No.73 (January 24, 2003)
A.P.(DIR Series) Circular No.73 (January 24, 2003)
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001January 24, 2003A.P.(DIR Series) Circular No.73 To All Authorised Dealers in Foreign ExchangeMadam/Sir,Foreign Exchange Management Act, 1999 – Current Account Transactions – Use of International Credit Cards abroad Attention of authorised dealers is invited to the Government of India Notification No.G.S.R.381(E) dated 3rd May 2000, notifying the Foreign Exchange Management (Current Account
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001January 24, 2003A.P.(DIR Series) Circular No.73 To All Authorised Dealers in Foreign ExchangeMadam/Sir,Foreign Exchange Management Act, 1999 – Current Account Transactions – Use of International Credit Cards abroad Attention of authorised dealers is invited to the Government of India Notification No.G.S.R.381(E) dated 3rd May 2000, notifying the Foreign Exchange Management (Current Account
Dec 26, 2002
Minimum balance in savings bank accounts
Ref No. DBOD. Dir. BC. 53/13.10.00/2002-03December 26, 2002All Commercial Banks (excluding RRBs and LABs)Dear Sir,Minimum balance in savings bank accountsReserve Bank of India has not issued any guidelines regarding the minimum balance to be maintained in savings bank accounts. The banks have been prescribing the minimum balance to be maintained taking into consideration the cost involved in maintaining and servicing such accounts and also levying specific charges, if
Ref No. DBOD. Dir. BC. 53/13.10.00/2002-03December 26, 2002All Commercial Banks (excluding RRBs and LABs)Dear Sir,Minimum balance in savings bank accountsReserve Bank of India has not issued any guidelines regarding the minimum balance to be maintained in savings bank accounts. The banks have been prescribing the minimum balance to be maintained taking into consideration the cost involved in maintaining and servicing such accounts and also levying specific charges, if
Dec 24, 2002
Resident Foreign Currency (Domestic) Account –Facility for Resident Individuals
A.P.(DIR Series) Circular No.64 (December 24, 2002)
A.P.(DIR Series) Circular No.64 (December 24, 2002)
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001December 24, 2002A.P.(DIR Series) Circular No.64 To All Authorised Dealers in Foreign ExchangeMadam/Sir,Resident Foreign Currency (Domestic) Account – Facility for Resident Individuals Attention of authorised dealers is invited to A.P.(DIR Series) Circular No.53 dated November 23, 2002 and Notification No.FEMA.74/2002-RB dated November 1, 2002, in terms of which residents are permitted to o
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001December 24, 2002A.P.(DIR Series) Circular No.64 To All Authorised Dealers in Foreign ExchangeMadam/Sir,Resident Foreign Currency (Domestic) Account – Facility for Resident Individuals Attention of authorised dealers is invited to A.P.(DIR Series) Circular No.53 dated November 23, 2002 and Notification No.FEMA.74/2002-RB dated November 1, 2002, in terms of which residents are permitted to o
Dec 14, 2002
Opening of saving bank accounts in
the name of certain bodies / organizations
the name of certain bodies / organizations
December 14, 2002Ref No. DBOD. Dir. BC. 51/13.03.00/2002-03All Commercial Banks (excluding RRBs and LABs)Dear Sir,Opening of saving bank accounts in the name of certain bodies / organizationsPlease refer to paragraph 2 of our Circular DBOD No. Dir. BC. 35/13.03.00/2000-01 dated October 17, 2000, permitting banks to open savings bank accounts in the name of Government departments/bodies/agencies in respect of grants/ subsidies released for implementation of various pro
December 14, 2002Ref No. DBOD. Dir. BC. 51/13.03.00/2002-03All Commercial Banks (excluding RRBs and LABs)Dear Sir,Opening of saving bank accounts in the name of certain bodies / organizationsPlease refer to paragraph 2 of our Circular DBOD No. Dir. BC. 35/13.03.00/2000-01 dated October 17, 2000, permitting banks to open savings bank accounts in the name of Government departments/bodies/agencies in respect of grants/ subsidies released for implementation of various pro
Dec 09, 2002
Issue of International Credit Cards to Non-
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.59 (Dec 9, 2002)
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.59 (Dec 9, 2002)
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001A.P. (DIR Series) Circular No.59December 9, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non- Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs) and the subsequent clarification is
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001A.P. (DIR Series) Circular No.59December 9, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non- Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs) and the subsequent clarification is
Nov 25, 2002
Remittance of Foreign Exchange for Miscellaneous purposes
Date: Nov 25, 2002 Remittance of Foreign Exchange for Miscellaneous purposes A.P. (DIR Series) Circular No.54 (November 25, 2002) Reserve Bank Of India Exchange Control Department Central Office Mumbai 400 001A.P. (DIR Series) Circular No.54 November 25, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Remittance of Foreign Exchange for Miscellaneous purposes Attention of authorised dealers is invited to paragraph 3 of A.D. (M.A. Series) Circular No.11 dated
Date: Nov 25, 2002 Remittance of Foreign Exchange for Miscellaneous purposes A.P. (DIR Series) Circular No.54 (November 25, 2002) Reserve Bank Of India Exchange Control Department Central Office Mumbai 400 001A.P. (DIR Series) Circular No.54 November 25, 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Remittance of Foreign Exchange for Miscellaneous purposes Attention of authorised dealers is invited to paragraph 3 of A.D. (M.A. Series) Circular No.11 dated
Nov 23, 2002
Resident Foreign Currency (Domestic)
Account - Facility for Resident Individuals
A.P. (DIR Series) Circular No.53 (November 23, 2002)
Account - Facility for Resident Individuals
A.P. (DIR Series) Circular No.53 (November 23, 2002)
Reserve Bank of India Exchange Control Department Central Office, Mumbai 400 001 A.P. (DIR Series) Circular No.53 November 23, 2002 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Resident Foreign Currency (Domestic) Account - Facility for Resident Individuals Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.37 dated November 1, 2002 in terms of which, pending publication of the Notification by the Government, they are required to
Reserve Bank of India Exchange Control Department Central Office, Mumbai 400 001 A.P. (DIR Series) Circular No.53 November 23, 2002 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Resident Foreign Currency (Domestic) Account - Facility for Resident Individuals Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.37 dated November 1, 2002 in terms of which, pending publication of the Notification by the Government, they are required to
Nov 18, 2002
Increase in release of foreign exchange for private visits abroad
A.P. (DIR Series) Circular No.51 (November 18, 2002)
A.P. (DIR Series) Circular No.51 (November 18, 2002)
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001A.P.(DIR Series) Circular No.51A.P. (FL/RL Series) Circular No.2 November 18 , 2002ToAll Authorised Persons in Foreign Exchange Madam/Sirs,Increase in release of foreign exchange for private visits abroad In terms of Item No.2 of Schedule III to the Government of India's Notification No.G.S.R.381(E) dated May 3, 2000, Authorised Persons (APs) are required to obtain prior permission of the R
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001A.P.(DIR Series) Circular No.51A.P. (FL/RL Series) Circular No.2 November 18 , 2002ToAll Authorised Persons in Foreign Exchange Madam/Sirs,Increase in release of foreign exchange for private visits abroad In terms of Item No.2 of Schedule III to the Government of India's Notification No.G.S.R.381(E) dated May 3, 2000, Authorised Persons (APs) are required to obtain prior permission of the R
Nov 06, 2002
Special One-Time Settlement (OTS) Scheme
for Small and Marginal farmers
for Small and Marginal farmers
DBOD.No.BP.BC. 40 /21.05.004/2002-03November 6, 2002 All Scheduled Commercial Banks (excluding RRBs and LABs)Dear Sir,Special One-Time Settlement (OTS) Scheme for Small and Marginal farmers Please refer to our circular DBOD.No. BP.BC. 80/21.04.117/2001-02 dated March 22, 2002 setting out guidelines for special One Time Settlement Scheme for loans up to Rs.50, 000 to small and marginal farmers by public sector banks. In terms of paragraph 2(i) (d) thereof, the guidelin
DBOD.No.BP.BC. 40 /21.05.004/2002-03November 6, 2002 All Scheduled Commercial Banks (excluding RRBs and LABs)Dear Sir,Special One-Time Settlement (OTS) Scheme for Small and Marginal farmers Please refer to our circular DBOD.No. BP.BC. 80/21.04.117/2001-02 dated March 22, 2002 setting out guidelines for special One Time Settlement Scheme for loans up to Rs.50, 000 to small and marginal farmers by public sector banks. In terms of paragraph 2(i) (d) thereof, the guidelin
Nov 05, 2002
Issue of International Credit Cards to Non-
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.40 (November 5, 2002)
Resident Indians (NRIs)/Persons of Indian Origin (PIOs)
A.P. (DIR Series) Circular No.40 (November 5, 2002)
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001November 5, 2002A.P. (DIR Series) Circular No.40 To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non- Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs).2. It is clarified that authorise
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001November 5, 2002A.P. (DIR Series) Circular No.40 To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Issue of International Credit Cards to Non- Resident Indians (NRIs)/Persons of Indian Origin (PIOs)Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.53 dated June 27, 2002 relating to the use of International Credit Cards (ICCs).2. It is clarified that authorise
Nov 01, 2002
Resident Foreign Currency (Domestic) Account - Facility for Resident Individuals
A.P. (DIR Series) Circular No.37 (November 1, 2002)
A.P. (DIR Series) Circular No.37 (November 1, 2002)
Reserve Bank Of India Exchange Control Department Central Office Mumbai 400 001A.P. (DIR Series) Circular No. 37November 1, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Resident Foreign Currency (Domestic) Account - Facility for Resident IndividualsAuthorised Dealers are aware that in terms of Regulation 3(iii) of RBI Notification No.FEMA.11/ 2000-RB dated 3rd May, 2000, residents are allowed to retain up to US$ 2000 or its equivalent in aggregate, prov
Reserve Bank Of India Exchange Control Department Central Office Mumbai 400 001A.P. (DIR Series) Circular No. 37November 1, 2002To All Authorised Dealers in Foreign ExchangeMadam/Sirs,Resident Foreign Currency (Domestic) Account - Facility for Resident IndividualsAuthorised Dealers are aware that in terms of Regulation 3(iii) of RBI Notification No.FEMA.11/ 2000-RB dated 3rd May, 2000, residents are allowed to retain up to US$ 2000 or its equivalent in aggregate, prov
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