Notifications - Consumer Education and Protection - RBI - Reserve Bank of India
Notifications
Nov 10, 2006
TDS on interest payable under Senior Citizens Savings Scheme, 2004
RBI/ 2006-07/ 171 Ref. No. DGBA.CDD. No. H- 7667 / 15.15.001 / 2006-07November 10, 2006 The General Manager 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 / Corporat
RBI/ 2006-07/ 171 Ref. No. DGBA.CDD. No. H- 7667 / 15.15.001 / 2006-07November 10, 2006 The General Manager 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 / Corporat
PDF (
Nov 03, 2006
Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks
RBI/2006/167 DBOD.NO.BP. 40/ 21.04.158/ 2006-07 November 3, 2006 All Scheduled Commercial Banks(excluding RRBs) Dear Sir, Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks In view of the extensive use of outsourcing by banks, Reserve Bank had issued draft guidelines on 6th December 2005 for laying down a framework for managing the attendant risks in outsourcing. On the basis of the suggestions received from all concerned, t
RBI/2006/167 DBOD.NO.BP. 40/ 21.04.158/ 2006-07 November 3, 2006 All Scheduled Commercial Banks(excluding RRBs) Dear Sir, Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks In view of the extensive use of outsourcing by banks, Reserve Bank had issued draft guidelines on 6th December 2005 for laying down a framework for managing the attendant risks in outsourcing. On the basis of the suggestions received from all concerned, t
Oct 11, 2006
Customer Service- Non issuance of passbooks to SB Account-holders (Individuals)-StCBs/DCCBs
RBI/2006-07/147 RPCD.CO.RF.BC 28/07.40.06/2006-07 October 11, 2006All State and District Central Co-operative Banks (StCBs/DCCBs)Dear Sir,Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals) As you are aware, a passbook is a ready reckoner of transactions and being handy and compact, is far more convenient to the small customer than a statement of account which has some inherent difficulties viz need of filing, tallying of opening
RBI/2006-07/147 RPCD.CO.RF.BC 28/07.40.06/2006-07 October 11, 2006All State and District Central Co-operative Banks (StCBs/DCCBs)Dear Sir,Customer Service- Non issuance of passbooks to Savings Bank Account-holders (Individuals) As you are aware, a passbook is a ready reckoner of transactions and being handy and compact, is far more convenient to the small customer than a statement of account which has some inherent difficulties viz need of filing, tallying of opening
Oct 06, 2006
Address / Telephone Number of the Branch in Pass Books / Statement of Accounts - UCBs
RBI / 2006-07 / 143 UBD.CO. BPD .Cir No. 12 /09.39.000/ 2006-07 October 6, 2006The Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir/Madam,Address / Telephone Number of the Branch in Pass Books / Statement of Accounts - UCBsIn order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts.2. Banks are therefor
RBI / 2006-07 / 143 UBD.CO. BPD .Cir No. 12 /09.39.000/ 2006-07 October 6, 2006The Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir/Madam,Address / Telephone Number of the Branch in Pass Books / Statement of Accounts - UCBsIn order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts.2. Banks are therefor
Oct 04, 2006
Customer Service - Non-issuance of Passbooks to Savings Bank Accountholders (Individuals)
RBI /2006-07/139 DBOD.No.Leg.BC.32 /09.07.005/2006-07October 4, 2006To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Customer Service – Non-issuance of Passbooks to Savings Bank Accountholders (Individuals)We have been receiving representations from customers including senior citizens' associations that many banks have discontinued issuing pass books to Savings Bank Account holders (Individuals). It has also been pointed out that this decision of discontinu
RBI /2006-07/139 DBOD.No.Leg.BC.32 /09.07.005/2006-07October 4, 2006To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Customer Service – Non-issuance of Passbooks to Savings Bank Accountholders (Individuals)We have been receiving representations from customers including senior citizens' associations that many banks have discontinued issuing pass books to Savings Bank Account holders (Individuals). It has also been pointed out that this decision of discontinu
Sep 22, 2006
Address, telephone number of the Branch in passbooks/statements of account
RBI/2006-07/134 RPCD.RF.BC. 26/07.40.06/2006-07September 22, 2006All State and District Central Co-operative BanksDear Sir, Address, telephone number of the Branch in passbooks/statements of accountIn order to improve the quality of service available to customers in branches, it would be useful if the address and telephone number of the branch are mentioned on the passbooks/statements of account. 2. Banks are, therefore, advised to ensure that full address and telepho
RBI/2006-07/134 RPCD.RF.BC. 26/07.40.06/2006-07September 22, 2006All State and District Central Co-operative BanksDear Sir, Address, telephone number of the Branch in passbooks/statements of accountIn order to improve the quality of service available to customers in branches, it would be useful if the address and telephone number of the branch are mentioned on the passbooks/statements of account. 2. Banks are, therefore, advised to ensure that full address and telepho
Sep 15, 2006
Address/Telephone Number of the Branch in Pass Books / Statement of Accounts-Regional Rural Banks (RRBs)
RBI/2006-07/128 RPCD.CO.RRB.BC.No./25/03.05.28A/2006-07 September 15, 2006 The Chairmen Regional Rural Banks (RRBs)Dear SirAddress / Telephone Number of the Branch in Pass Books / Statement of Accounts-Regional Rural Banks (RRBs)In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. RRBs are therefore advised to ensure t
RBI/2006-07/128 RPCD.CO.RRB.BC.No./25/03.05.28A/2006-07 September 15, 2006 The Chairmen Regional Rural Banks (RRBs)Dear SirAddress / Telephone Number of the Branch in Pass Books / Statement of Accounts-Regional Rural Banks (RRBs)In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. RRBs are therefore advised to ensure t
Sep 01, 2006
Address / Telephone Number of the Branch in Pass Books / Statement of Accounts
RBI/2006-07/123 DBOD.No.Leg. BC.28 /09.07.005/2006-07September 1, 2006To All the Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Address / Telephone Number of the Branch in Pass Books / Statement of Accounts In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. Banks are therefore advised to ensure that full addres
RBI/2006-07/123 DBOD.No.Leg. BC.28 /09.07.005/2006-07September 1, 2006To All the Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Address / Telephone Number of the Branch in Pass Books / Statement of Accounts In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. Banks are therefore advised to ensure that full addres
Aug 24, 2006
Payment of half-yearly interest / principal of Relief / Savings Bonds to investors at a place of their choice
RBI/2006-07/117 Ref. DGBA.CDD. No.H-3253/13.01.299/2006-07August 24, 2006 Bhadra 2, 1928 (S)The Chairman / Managing Director State Bank of India / Associate Banks / 17 Nationalised Banks / HDFC Bank Ltd., / ICICI Bank Ltd., IDBI Ltd. / UTI Bank Ltd. Stock Holding Corporation of India LtdDear Sir, Payment of half-yearly interest / principal of Relief / Savings Bonds to investors at a place of their choice. As you are aware, Agency Banks normally pay half-yearly interes
RBI/2006-07/117 Ref. DGBA.CDD. No.H-3253/13.01.299/2006-07August 24, 2006 Bhadra 2, 1928 (S)The Chairman / Managing Director State Bank of India / Associate Banks / 17 Nationalised Banks / HDFC Bank Ltd., / ICICI Bank Ltd., IDBI Ltd. / UTI Bank Ltd. Stock Holding Corporation of India LtdDear Sir, Payment of half-yearly interest / principal of Relief / Savings Bonds to investors at a place of their choice. As you are aware, Agency Banks normally pay half-yearly interes
Aug 23, 2006
Master Circular on Maintenance of Deposit Accounts - UCBs
RBI/2006-07/114 UBD.BPD(PCB) MC.No: 11 /13.01.000/2006-07 August 23, 2006Chief Executive Officers of All Primary (Urban) Co-operative Banks@@NBSP@@Dear Sir,Master Circular on Maintenance of Deposit Accounts - UCBs Please refer to our Master Circular UBD BPD (PCB) MC.No.9/13.01.00/2004-05 dated August 11, 2005 on the captioned subject (available at RBI website www.rbi.org.in). The enclosed Master Circular consolidates and updates all the instructions/guidelines on the
RBI/2006-07/114 UBD.BPD(PCB) MC.No: 11 /13.01.000/2006-07 August 23, 2006Chief Executive Officers of All Primary (Urban) Co-operative Banks@@NBSP@@Dear Sir,Master Circular on Maintenance of Deposit Accounts - UCBs Please refer to our Master Circular UBD BPD (PCB) MC.No.9/13.01.00/2004-05 dated August 11, 2005 on the captioned subject (available at RBI website www.rbi.org.in). The enclosed Master Circular consolidates and updates all the instructions/guidelines on the
Jul 28, 2006
Maintenance of collateral by Foreign Institutional Investors (FIIs) for transactions in derivative segment
RBI/2006-07/92 A.P.( DIR Series) Circular No. 4 July 28, 2006 ToAll Category - I Authorised Dealer BanksMadam / Sir,Maintenance of collateral by Foreign Institutional Investors (FIIs) for transactions in derivative segmentAttention of Authorized Dealer Category-I (AD) banks is invited to Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 notified vide Notification No. FEMA 120/ RB-2004 dated July 7, 2004 and Foreign Exchange Mana
RBI/2006-07/92 A.P.( DIR Series) Circular No. 4 July 28, 2006 ToAll Category - I Authorised Dealer BanksMadam / Sir,Maintenance of collateral by Foreign Institutional Investors (FIIs) for transactions in derivative segmentAttention of Authorized Dealer Category-I (AD) banks is invited to Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 notified vide Notification No. FEMA 120/ RB-2004 dated July 7, 2004 and Foreign Exchange Mana
Jul 28, 2006
Master Circular - Facility for Exchange of Notes and Coins
RBI No. 93/2006-07 DCM (NE) No.732/08.07.18/2002-03 28 July 2006The Chairman & Managing Director of All Public Sector and Private Sector Banks, Foreign Banks and State Cooperative Banks. Madam / Dear Sir, Master Circular - Facility for Exchange of Notes and Coins Please refer to the Master Circular pertaining to the facility for exchange of notes and coins issued vide our letter DCM (NE) No. G-2/08.07.18/2002-03 dated July 5, 2002. Pursuant to the changes brought
RBI No. 93/2006-07 DCM (NE) No.732/08.07.18/2002-03 28 July 2006The Chairman & Managing Director of All Public Sector and Private Sector Banks, Foreign Banks and State Cooperative Banks. Madam / Dear Sir, Master Circular - Facility for Exchange of Notes and Coins Please refer to the Master Circular pertaining to the facility for exchange of notes and coins issued vide our letter DCM (NE) No. G-2/08.07.18/2002-03 dated July 5, 2002. Pursuant to the changes brought
Jul 20, 2006
Annual Policy Statement for the year 2006-07-Fair Practices Code- Display of Bank Charges
RBI/2006-07/79 CSD.BOS.5/13.33.01/2005-06 July 20, 2006The Chairman/Chief Executive Officer/Managing Director, All Commercial Banks (Including RRBs).Dear Sir/Madam, Annual Policy Statement for the year 2006-07-Fair Practices Code- Display of Bank Charges Please refer to our circular RPCD.BOS.81/13.33.01/2005-06 dated May 16, 2006 on the captioned subject advising you to display and update, on your website, the details of certain service charges. In continuation of the
RBI/2006-07/79 CSD.BOS.5/13.33.01/2005-06 July 20, 2006The Chairman/Chief Executive Officer/Managing Director, All Commercial Banks (Including RRBs).Dear Sir/Madam, Annual Policy Statement for the year 2006-07-Fair Practices Code- Display of Bank Charges Please refer to our circular RPCD.BOS.81/13.33.01/2005-06 dated May 16, 2006 on the captioned subject advising you to display and update, on your website, the details of certain service charges. In continuation of the
Jun 06, 2006
Opening of savings bank accounts in the name of certain bodies/organisations
RBI/2005-06/399 RPCD.CO.RF.BC.No 87/07.38.01/2005-06 June 6, 2006All State and District Central Co-operative Banks Dear Sir, Opening of savings bank accounts in the name of certain bodies/organisations Please refer to our Circular RPCD No. RF.Dir. BC. 30/07.38.01/2000-01 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 progr
RBI/2005-06/399 RPCD.CO.RF.BC.No 87/07.38.01/2005-06 June 6, 2006All State and District Central Co-operative Banks Dear Sir, Opening of savings bank accounts in the name of certain bodies/organisations Please refer to our Circular RPCD No. RF.Dir. BC. 30/07.38.01/2000-01 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 progr
May 26, 2006
UCBs advised to display Service Charges in their branches/on Website
RBI/ 2005-06/392 UBD. (PCB).Cir.No.54/09.39.000/05-06 May 26, 2006The Chief Executive Officers of All Primary (Urban Co-operative Banks)Dear Sir/Madam, Annual Policy Statement for the year 2006-07- Fair Practices Code- Display of Bank Charges-UCBs Please refer to the paragraph 162 of the Annual Policy Statement for the year 2006-07, a copy of which is enclosed.2. As per extant instructions, the decision to prescribe service charges is left to the discretion of the Boa
RBI/ 2005-06/392 UBD. (PCB).Cir.No.54/09.39.000/05-06 May 26, 2006The Chief Executive Officers of All Primary (Urban Co-operative Banks)Dear Sir/Madam, Annual Policy Statement for the year 2006-07- Fair Practices Code- Display of Bank Charges-UCBs Please refer to the paragraph 162 of the Annual Policy Statement for the year 2006-07, a copy of which is enclosed.2. As per extant instructions, the decision to prescribe service charges is left to the discretion of the Boa
Mar 22, 2006
Financial Inclusion by Extension of Banking Services - Use of Business Facilitators and Correspondents
RBI/2005-06/331 DBOD.No.BL.BC. 72/22.01.009/2005-2006 March 22, 2006 Chaitra 01, 1928 (S) The Chairmen & CEOs (All Scheduled Commercial Banks including Regional Rural Banks and Local Area Banks) Dear Sir, Financial Inclusion@@NBSP@@by Extension of Banking Services - Use of@@NBSP@@Business Facilitators and Correspondents Please refer to our Circular DBOD.No.BL.BC. 58/22.01.001/2005-2006 dated January 25, 2006 on the above subject.2. In terms of the above circular,
RBI/2005-06/331 DBOD.No.BL.BC. 72/22.01.009/2005-2006 March 22, 2006 Chaitra 01, 1928 (S) The Chairmen & CEOs (All Scheduled Commercial Banks including Regional Rural Banks and Local Area Banks) Dear Sir, Financial Inclusion@@NBSP@@by Extension of Banking Services - Use of@@NBSP@@Business Facilitators and Correspondents Please refer to our Circular DBOD.No.BL.BC. 58/22.01.001/2005-2006 dated January 25, 2006 on the above subject.2. In terms of the above circular,
Mar 07, 2006
Know Your Customer Guidelines- Anti-Money Laundering Standards
RBI/2005-06/317 DNBS.PD. CC No. 64 /03.10.042/2005-06March 7 , 2006 All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking CompaniesDear Sir, Know Your Customer Guidelines- Anti-Money Laundering Standards Please refer to our circular DNBS.(PD). CC.48/10.42/2004-05 dated February 21, 2005 on the above subject. In terms of the above circular, NBFCs were advised to formulate a customer acceptance policy and customer identifica
RBI/2005-06/317 DNBS.PD. CC No. 64 /03.10.042/2005-06March 7 , 2006 All Non-Banking Financial Companies, Miscellaneous Non-Banking Companies, and Residuary Non-Banking CompaniesDear Sir, Know Your Customer Guidelines- Anti-Money Laundering Standards Please refer to our circular DNBS.(PD). CC.48/10.42/2004-05 dated February 21, 2005 on the above subject. In terms of the above circular, NBFCs were advised to formulate a customer acceptance policy and customer identifica
Feb 06, 2006
Dearness Relief to Pensioners
RBI/2005-06/296 DGBA.GAD.No. H. 11303 /45.01.003/2005-06 February 06, 2006 Magha 17, 1927 (Saka)All pension paying banks (As per list attached)Dear Sir, Disbursement of pension through Public Sector Banks - payment of Dearness Relief (DR) Reserve Bank has been receiving large number of complaints from pensioners regarding delay in release of Dearness Relief (DR)/other allowances by Agency banks as announced by Government from time to time. 2. In order to obviate the t
RBI/2005-06/296 DGBA.GAD.No. H. 11303 /45.01.003/2005-06 February 06, 2006 Magha 17, 1927 (Saka)All pension paying banks (As per list attached)Dear Sir, Disbursement of pension through Public Sector Banks - payment of Dearness Relief (DR) Reserve Bank has been receiving large number of complaints from pensioners regarding delay in release of Dearness Relief (DR)/other allowances by Agency banks as announced by Government from time to time. 2. In order to obviate the t
Feb 02, 2006
Tender for Competitive Bids
Annexure II For office use only Regn no.The Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai - 400 001. Dear Sir, Tender for "7.40 percent Government Stock, 2035" for an aggregate amount of Rs.3,000 crore : Auction to be held on February 7, 2006 Pursuant to Government of India, Ministry of Finance, Department of Economic Affairs Notification F.No.4(2)-W&M/2005(i)dated February 2, 2006 and the tender notice issued by you, I/we, the undersi
Annexure II For office use only Regn no.The Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai - 400 001. Dear Sir, Tender for "7.40 percent Government Stock, 2035" for an aggregate amount of Rs.3,000 crore : Auction to be held on February 7, 2006 Pursuant to Government of India, Ministry of Finance, Department of Economic Affairs Notification F.No.4(2)-W&M/2005(i)dated February 2, 2006 and the tender notice issued by you, I/we, the undersi
Jan 23, 2006
Collection of account payee cheque - Prohibition on crediting proceeds to third party account
RBI./2005-06/282 DBOD.BP.BC No. 56 / 21.01.001/ 2005-06 January 23, 2006The Chairmen/Chief Executives of all Commercial Banks (excluding RRBs)Dear Sir, Collection of account payee cheque – Prohibition on crediting proceeds to third party account As banks are aware an account payee cheque is required to be collected for the payee constituent. As regards, account payee cheques drawn in favour of banks, it had been indicated, vide our circular DBOD.NO.BC.23/21.01.001/92
RBI./2005-06/282 DBOD.BP.BC No. 56 / 21.01.001/ 2005-06 January 23, 2006The Chairmen/Chief Executives of all Commercial Banks (excluding RRBs)Dear Sir, Collection of account payee cheque – Prohibition on crediting proceeds to third party account As banks are aware an account payee cheque is required to be collected for the payee constituent. As regards, account payee cheques drawn in favour of banks, it had been indicated, vide our circular DBOD.NO.BC.23/21.01.001/92
Jan 04, 2006
Tender for Competitive Bids
Annexure II For office use only Regn no.The Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai - 400 001. Dear Sir,Tender for "7.40 percent Government Stock, 2035" for an aggregate amount of Rs.4,000 crore : Auction to be held on January 9, 2006 Pursuant to Government of India, Ministry of Finance, Department of Economic Affairs Notification F.No.4(2)-W&M/2005(i)dated January 4, 2006 and the tender notice issued by you, I/we, the undersigne
Annexure II For office use only Regn no.The Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai - 400 001. Dear Sir,Tender for "7.40 percent Government Stock, 2035" for an aggregate amount of Rs.4,000 crore : Auction to be held on January 9, 2006 Pursuant to Government of India, Ministry of Finance, Department of Economic Affairs Notification F.No.4(2)-W&M/2005(i)dated January 4, 2006 and the tender notice issued by you, I/we, the undersigne
Dec 30, 2005
RRBs - Financial Inclusion - Trilingual Forms/Brochures/Pamphlets
RBI/2005-06/270 RPCD.CO.No.RRB.BC.61/03.05.33(F)/2005-06 December 30, 2005 The Chairmen, All Regional Rural Banks Dear Sir Financial Inclusion - Trilingual Forms/Brochures/Pamphlets Please refer to our Circular RPCD.CO.No.RRB.BC.58/03.05.33(F)/2005-06 dated December 27, 2005 wherein Regional Rural Banks were advised to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balance as well as charges that would make such accounts acces
RBI/2005-06/270 RPCD.CO.No.RRB.BC.61/03.05.33(F)/2005-06 December 30, 2005 The Chairmen, All Regional Rural Banks Dear Sir Financial Inclusion - Trilingual Forms/Brochures/Pamphlets Please refer to our Circular RPCD.CO.No.RRB.BC.58/03.05.33(F)/2005-06 dated December 27, 2005 wherein Regional Rural Banks were advised to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balance as well as charges that would make such accounts acces
Dec 30, 2005
STCBs/DCCBs - Financial Inclusion - Trilingual Forms / Brochures / Pamphlets
RBI /2005-06/269 RPCD.RF.BC.60/07.38.01/2005-06 December 30, 2005All State and District Central Co-operative BanksDear Sir Financial Inclusion - Trilingual Forms / Brochures / Pamphlets Please refer to our Circular RPCD.RF.BC.54/07.38.01/2005-06 dated December 13, 2005 wherein banks were advised to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balances as well as charges that would make such accounts accessible to vast sectio
RBI /2005-06/269 RPCD.RF.BC.60/07.38.01/2005-06 December 30, 2005All State and District Central Co-operative BanksDear Sir Financial Inclusion - Trilingual Forms / Brochures / Pamphlets Please refer to our Circular RPCD.RF.BC.54/07.38.01/2005-06 dated December 13, 2005 wherein banks were advised to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balances as well as charges that would make such accounts accessible to vast sectio
Dec 27, 2005
One-Time Settlement Scheme for Small Borrowal Accounts and Eligibility for Fresh Loans
RBI/2005-06/241 RPCD.PLNFS.BC.No.56/ 06.02.31/2005-06 December 27, 2005The Chairman/ Managing Director All Scheduled Commercial Banks (Including RRBs & LABs)Dear Sir, One-Time Settlement Scheme for Small Borrowal Accounts and Eligibility for Fresh Loans In order to offer small borrowers an opportunity to settle their NPA accounts with banks and become eligible for fresh finance, all scheduled commercial banks (including Regional Rural Banks and Local Area Banks) a
RBI/2005-06/241 RPCD.PLNFS.BC.No.56/ 06.02.31/2005-06 December 27, 2005The Chairman/ Managing Director All Scheduled Commercial Banks (Including RRBs & LABs)Dear Sir, One-Time Settlement Scheme for Small Borrowal Accounts and Eligibility for Fresh Loans In order to offer small borrowers an opportunity to settle their NPA accounts with banks and become eligible for fresh finance, all scheduled commercial banks (including Regional Rural Banks and Local Area Banks) a
Dec 09, 2005
Premature repayment of public deposits or deposits
RBI / 2005-06 / 231 DNBS (PD) C.C. No. 60/ 02.01 / 2005-06 December 9, 2005 To,All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs)Dear Sirs, Premature repayment of public deposits or deposits Please refer to our circular DNBS PD) C.C. No. 44/02.01/2004-05 dated October 5, 2004 on the captioned subject. In paragraph 3(5) of the said circular, it has been provided that all deposit accounts
RBI / 2005-06 / 231 DNBS (PD) C.C. No. 60/ 02.01 / 2005-06 December 9, 2005 To,All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs)Dear Sirs, Premature repayment of public deposits or deposits Please refer to our circular DNBS PD) C.C. No. 44/02.01/2004-05 dated October 5, 2004 on the captioned subject. In paragraph 3(5) of the said circular, it has been provided that all deposit accounts
Nov 21, 2005
Credit Card Operations of banks
RBI / 2005-06 / 211 DBOD.FSD.BC. 49/ 24.01.011/ 2005-06 November 21, 2005 All Commercial Banks / NBFCs (Excluding RRBs) Dear Sir, Credit Card Operations of banks Pursuant to the announcement made in the Annual Policy Statement 2004-05, the Reserve Bank of India had constituted a Working Group on Regulatory Mechanism for Cards. The Group has suggested various regulatory measures aimed at encouraging growth of credit cards in a safe, secure and efficient manner as well
RBI / 2005-06 / 211 DBOD.FSD.BC. 49/ 24.01.011/ 2005-06 November 21, 2005 All Commercial Banks / NBFCs (Excluding RRBs) Dear Sir, Credit Card Operations of banks Pursuant to the announcement made in the Annual Policy Statement 2004-05, the Reserve Bank of India had constituted a Working Group on Regulatory Mechanism for Cards. The Group has suggested various regulatory measures aimed at encouraging growth of credit cards in a safe, secure and efficient manner as well
Nov 11, 2005
Financial Inclusion
RBI/2005-06/204 DBOD.No.Leg.BC. 44/09.07.005/2005-06 November 11, 2005To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Financial Inclusion Please refer to Paragraph 96 of the Mid-term Review of Annual Policy Statement for the year 2005-06. 2. The Annual Policy Statement of April 2005, while recognising the concerns in regard to the banking practices that tend to exclude rather than attract vast sections of population, urged banks to review their existing pr
RBI/2005-06/204 DBOD.No.Leg.BC. 44/09.07.005/2005-06 November 11, 2005To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Financial Inclusion Please refer to Paragraph 96 of the Mid-term Review of Annual Policy Statement for the year 2005-06. 2. The Annual Policy Statement of April 2005, while recognising the concerns in regard to the banking practices that tend to exclude rather than attract vast sections of population, urged banks to review their existing pr
Nov 02, 2005
Advances against Gold Ornaments and Jewellery
RBI/2005-06/196 DBOD.No.IBD.BC. 663 /23.67.001/2005-06 November 2, 2005 The Chairmen and CEOs of all Scheduled Commercial Banks (Excluding RRBs) Dear Sir Advances against Gold Ornaments and Jewellery Please refer to our circular DBOD. No. BP.BC. 138/21.01.023/94 dated November 22, 1994 on the captioned subject as also earlier circulars enclosed for ready reference. 2. As you are aware, hallmarking of gold jewellery ensures the quality of gold used in the jewellery as
RBI/2005-06/196 DBOD.No.IBD.BC. 663 /23.67.001/2005-06 November 2, 2005 The Chairmen and CEOs of all Scheduled Commercial Banks (Excluding RRBs) Dear Sir Advances against Gold Ornaments and Jewellery Please refer to our circular DBOD. No. BP.BC. 138/21.01.023/94 dated November 22, 1994 on the captioned subject as also earlier circulars enclosed for ready reference. 2. As you are aware, hallmarking of gold jewellery ensures the quality of gold used in the jewellery as
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 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
Sep 03, 2005
Guidelines on One-Time Settlement Scheme for SME Accounts
RBI/2005-06/153 RPCD.PLNFS. BC.No.39 / 06.02.31/ 2005-06 September 3, 2005The Chairman/Managing Director All Public Sector BanksDear Sir, Guidelines on One-Time Settlement Scheme for SME Accounts Please refer to Paragraph No. 8 of our circular RPCD. PLNFS.BC. No. 31/06.02.31/2005-06 dated August 19, 2005 and accordingly, a one-time settlement scheme for recovery of NPAs below Rs.10 crore is proposed hereunder which is required to be implemented by all public sector ba
RBI/2005-06/153 RPCD.PLNFS. BC.No.39 / 06.02.31/ 2005-06 September 3, 2005The Chairman/Managing Director All Public Sector BanksDear Sir, Guidelines on One-Time Settlement Scheme for SME Accounts Please refer to Paragraph No. 8 of our circular RPCD. PLNFS.BC. No. 31/06.02.31/2005-06 dated August 19, 2005 and accordingly, a one-time settlement scheme for recovery of NPAs below Rs.10 crore is proposed hereunder which is required to be implemented by all public sector ba
Aug 23, 2005
SCBs - KYC - Anti-Money Laundering Standards
RBI/2005-06/135 DBOD.NO.AML.BC.28 /14.01.001/2005-06 August 23, 2005 The Chief Executives of All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Know Your Customer Guidelines- Anti-Money Laundering StandardsPlease refer to our circular DBOD.NO.AML.BC.58/14.01.001/2004-05 dated November 29, 2004 on the above subject. In terms of the above circular, banks were advised to formulate a customer acceptance policy and customer identification procedure to be followed whil
RBI/2005-06/135 DBOD.NO.AML.BC.28 /14.01.001/2005-06 August 23, 2005 The Chief Executives of All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Know Your Customer Guidelines- Anti-Money Laundering StandardsPlease refer to our circular DBOD.NO.AML.BC.58/14.01.001/2004-05 dated November 29, 2004 on the above subject. In terms of the above circular, banks were advised to formulate a customer acceptance policy and customer identification procedure to be followed whil
Aug 16, 2005
Facilitating opening of bank accounts for flood affected persons
RBI/2005-06/125 RPCD.RF.AML.BC 30/07.40.00 /2005-06 August 16, 2005 All State and District Central Co-operative Banks Dear Sir, Facilitating opening of bank accounts for flood affected persons Please refer to our circular RPCD.AML.BC.No. 80/07.40.00/2004-05 dated February 18, 2004 on Know Your Customer Guidelines – Anti-Money Laundering standards. In terms of the above circular, banks were advised to formulate a customer acceptance policy and customer identification p
RBI/2005-06/125 RPCD.RF.AML.BC 30/07.40.00 /2005-06 August 16, 2005 All State and District Central Co-operative Banks Dear Sir, Facilitating opening of bank accounts for flood affected persons Please refer to our circular RPCD.AML.BC.No. 80/07.40.00/2004-05 dated February 18, 2004 on Know Your Customer Guidelines – Anti-Money Laundering standards. In terms of the above circular, banks were advised to formulate a customer acceptance policy and customer identification p
Aug 10, 2005
Indian banknotes with additional/new security features
RBI/2005-06/107 DCM (Plg.) No. G 7 /10.01.00/2005-06 August 10, 2005 The Chairman/MD/CMD/CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/new security features Please refer to our letter RBI/2004-05/458: DCM (Plg) No. G.40/10.01.00/2004-05 dated May 07, 2005, forwarding list of additional/new security features to be incorporated in Indian banknotes and the discussion held in the meeting of the Chairman &
RBI/2005-06/107 DCM (Plg.) No. G 7 /10.01.00/2005-06 August 10, 2005 The Chairman/MD/CMD/CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/new security features Please refer to our letter RBI/2004-05/458: DCM (Plg) No. G.40/10.01.00/2004-05 dated May 07, 2005, forwarding list of additional/new security features to be incorporated in Indian banknotes and the discussion held in the meeting of the Chairman &
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 02, 2005
Facilitating opening of bank accounts for flood affected persons
RBI/2005-06/89 Ref.DBOD.No.AML.BC. 23 /14.01.064 /2005-06 August 2, 2005To The Chief Executives of Scheduled Commercial Banks including Regional Rural BanksDear Sirs Facilitating opening of bank accounts for flood affected persons Please refer to our circular DBOD.No.AML.BC.58/14.01.001/2004-05 dated November 29, 2004 on Know Your Customer Guidelines – Anti-Money Laundering standards. In terms of the above circular, banks were advised to formulate a customer acceptanc
RBI/2005-06/89 Ref.DBOD.No.AML.BC. 23 /14.01.064 /2005-06 August 2, 2005To The Chief Executives of Scheduled Commercial Banks including Regional Rural BanksDear Sirs Facilitating opening of bank accounts for flood affected persons Please refer to our circular DBOD.No.AML.BC.58/14.01.001/2004-05 dated November 29, 2004 on Know Your Customer Guidelines – Anti-Money Laundering standards. In terms of the above circular, banks were advised to formulate a customer acceptanc
Jul 20, 2005
Internet Banking in India - Guidelines
RBI/2005-06/71 DBOD No. Comp.BC.14/07.03.29/2005-06 July 20, 2005All Scheduled Commercial BanksDear Sir Internet Banking in India – Guidelines Please refer to our circular DBOD No.Comp.BC.130/07.03.23/2000-01 dated June 14, 2001 in terms of which banks were advised to seek prior approval of Reserve Bank of India before offering transactional services on the Internet. The position has since been reviewed and banks are advised that while the offering of Internet Banking
RBI/2005-06/71 DBOD No. Comp.BC.14/07.03.29/2005-06 July 20, 2005All Scheduled Commercial BanksDear Sir Internet Banking in India – Guidelines Please refer to our circular DBOD No.Comp.BC.130/07.03.23/2000-01 dated June 14, 2001 in terms of which banks were advised to seek prior approval of Reserve Bank of India before offering transactional services on the Internet. The position has since been reviewed and banks are advised that while the offering of Internet Banking
Jul 12, 2005
Settlement of claims in respect of deceased depositors - Simplification of Procedure
RBI/2005-06/48 RPCD.CO.RF. BC.No.12/07.38.01/2005-06 July 12, 2005 The Chairmen/CEOs All State and District Central Co-operative Banks Dear Sir,Settlement of claims in respect of deceased depositors – Simplification of ProcedurePursuant to the announcement in the Mid-Term Review of the Annual Policy of the RBI on November 3, 2003, the Committee on Procedure and Performance Audit on Public Services (CPPAPS) was constituted by the RBI with a view to improving the qualit
RBI/2005-06/48 RPCD.CO.RF. BC.No.12/07.38.01/2005-06 July 12, 2005 The Chairmen/CEOs All State and District Central Co-operative Banks Dear Sir,Settlement of claims in respect of deceased depositors – Simplification of ProcedurePursuant to the announcement in the Mid-Term Review of the Annual Policy of the RBI on November 3, 2003, the Committee on Procedure and Performance Audit on Public Services (CPPAPS) was constituted by the RBI with a view to improving the qualit
Jun 14, 2005
Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India
RBI/2004-05/492 A.P. (DIR Series) Circular No. 46 June 14, 2005 To All banks authorised to deal in Foreign Exchange Madam/Sirs, Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India Reserve Bank of India has, vide its Notification No. FEMA 15/2000-RB dated 3rd May 2000, notified debit cards, ATM cards or any other instrument that can be used to create a financial liability, as 'currency'. It was
RBI/2004-05/492 A.P. (DIR Series) Circular No. 46 June 14, 2005 To All banks authorised to deal in Foreign Exchange Madam/Sirs, Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India Reserve Bank of India has, vide its Notification No. FEMA 15/2000-RB dated 3rd May 2000, notified debit cards, ATM cards or any other instrument that can be used to create a financial liability, as 'currency'. It was
Jun 09, 2005
Procedure for settlement of claims relating to Deceased Depositors Simplified
RBI/2004-05/490 DBOD.No.Leg. BC.95 /09.07.005/2004-05 June 09, 2005To The Chairman/CEOs of All the Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Settlement of claims in respect of deceased depositors – Simplification of Procedure Pursuant to the announcement in the Mid-Term Review of the Annual Policy of the RBI on November 3, 2003, the Committee on Procedure and Performance Audit on Public Services (CPPAPS) was constituted by the RBI with a view to improving t
RBI/2004-05/490 DBOD.No.Leg. BC.95 /09.07.005/2004-05 June 09, 2005To The Chairman/CEOs of All the Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Settlement of claims in respect of deceased depositors – Simplification of Procedure Pursuant to the announcement in the Mid-Term Review of the Annual Policy of the RBI on November 3, 2003, the Committee on Procedure and Performance Audit on Public Services (CPPAPS) was constituted by the RBI with a view to improving t
May 25, 2005
Public Provident Fund Scheme, 1968 - Clarifications
RBI/2004-05/480 Ref.No.CO.DT.15.02.001/H-9844-9866/2004-05 May 25, 2005 Jyeshtha 4, 1927 (S)The General Manager Government Accounts Department State Bank of India and Associate Banks Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra / Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank / Indian Overseas Bank /Punjab National Bank / Syndicate Bank / UCO Bank / Union Bank of India / United Bank of India / Dear Sir, Public
RBI/2004-05/480 Ref.No.CO.DT.15.02.001/H-9844-9866/2004-05 May 25, 2005 Jyeshtha 4, 1927 (S)The General Manager Government Accounts Department State Bank of India and Associate Banks Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra / Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank / Indian Overseas Bank /Punjab National Bank / Syndicate Bank / UCO Bank / Union Bank of India / United Bank of India / Dear Sir, Public
May 07, 2005
Indian banknotes with additional/revised security features
RBI/2004-05/458DCM (Plg.)No.G 40/10.01.00/2004-05 May 07, 2005 The Chairman/MD/ CMD/ CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/revised security features In the wake of increasing circulation of high quality counterfeit notes, particularly, Rs.100 and Rs.500 denominations, the Government of India had constituted a High Level Committee to consider strengthening the security features in our banknotes. T
RBI/2004-05/458DCM (Plg.)No.G 40/10.01.00/2004-05 May 07, 2005 The Chairman/MD/ CMD/ CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/revised security features In the wake of increasing circulation of high quality counterfeit notes, particularly, Rs.100 and Rs.500 denominations, the Government of India had constituted a High Level Committee to consider strengthening the security features in our banknotes. T
Apr 30, 2005
Section 23 of the Banking Regulation Act, 1949 - Door-step banking
RBI/2004-05/449DBOD.No.BL.BC.86/22.01.001/2004-05 April 30, 2005 Vaishakha 10, 1927 (S)All scheduled commercial banks. (Excluding RRBs) Dear Sir,Section 23 of the Banking Regulation Act, 1949 - Door-step bankingPlease refer to our circular DBOD.No.BL.BC.42/C-168-83 dated May 24, 1983 (copy enclosed), wherein banks were advised not to extend any banking facilities at the premises of their customers, without obtaining the required permission from Reserve Bank of India.
RBI/2004-05/449DBOD.No.BL.BC.86/22.01.001/2004-05 April 30, 2005 Vaishakha 10, 1927 (S)All scheduled commercial banks. (Excluding RRBs) Dear Sir,Section 23 of the Banking Regulation Act, 1949 - Door-step bankingPlease refer to our circular DBOD.No.BL.BC.42/C-168-83 dated May 24, 1983 (copy enclosed), wherein banks were advised not to extend any banking facilities at the premises of their customers, without obtaining the required permission from Reserve Bank of India.
Mar 31, 2005
Liberalised Remittance Scheme of USD 25,000 for Resident Individuals
RBI/2004-05/402 A.P. (DIR Series) Circular No. 38March 31, 2005To All Banks Authorised to Deal in Foreign ExchangeMadam/Sirs, Liberalised Remittance Scheme of USD 25,000 for Resident Individuals Attention of the Authorsed Dealers (AD) banks is invited to paragraph 3.4(iii) of A.P.(DIR Series) Circular No.64 dated February 4, 2004, in terms of which remittance under the captioned Scheme is not permitted, directly or indirectly, to countries identified by the Financial
RBI/2004-05/402 A.P. (DIR Series) Circular No. 38March 31, 2005To All Banks Authorised to Deal in Foreign ExchangeMadam/Sirs, Liberalised Remittance Scheme of USD 25,000 for Resident Individuals Attention of the Authorsed Dealers (AD) banks is invited to paragraph 3.4(iii) of A.P.(DIR Series) Circular No.64 dated February 4, 2004, in terms of which remittance under the captioned Scheme is not permitted, directly or indirectly, to countries identified by the Financial
Jan 19, 2005
Non-acceptance of coins by bank branches
RBI/2004-05/348 DCM (RMMT) No.1403/11.37.01/2004-05 January 19, 2005The Chairman & Managing Director, All Public/Private Sector banks Dear Sir, Non-acceptance of coins by bank branches Please refer to our circulars DCM (RMMT) No.404/11.37.01/2003-04 dated October 9, 2003 and DCM (RMMT) No.1181/11.37.01/2003-04 dated April 5, 2004 advising you to ensure acceptance of coins of all denominations without any restriction from the members of public etc. by your branches
RBI/2004-05/348 DCM (RMMT) No.1403/11.37.01/2004-05 January 19, 2005The Chairman & Managing Director, All Public/Private Sector banks Dear Sir, Non-acceptance of coins by bank branches Please refer to our circulars DCM (RMMT) No.404/11.37.01/2003-04 dated October 9, 2003 and DCM (RMMT) No.1181/11.37.01/2003-04 dated April 5, 2004 advising you to ensure acceptance of coins of all denominations without any restriction from the members of public etc. by your branches
Jan 15, 2005
Payment Order for Matured Relief/Savings Bonds in the name of the Joint Holder
RBI/2004-05/347 No.CO.DT.13.01.299/H.6284-6313 /2004-05 January 15, 2005The Chairman and Managing Director State Bank of India and Associate banks and 17 Nationalised banks. The Managing Director ICICI/IDBI/HDFC/UTI Bank Ltd. Stock Holding Corporation of India Ltd. Dear Sir, Relief / Savings Bonds Schemes – issue of Payment Orders / Drafts for matured Bonds We have been receiving suggestions from the Joint Holders of the captioned bonds that the Payment Orders represe
RBI/2004-05/347 No.CO.DT.13.01.299/H.6284-6313 /2004-05 January 15, 2005The Chairman and Managing Director State Bank of India and Associate banks and 17 Nationalised banks. The Managing Director ICICI/IDBI/HDFC/UTI Bank Ltd. Stock Holding Corporation of India Ltd. Dear Sir, Relief / Savings Bonds Schemes – issue of Payment Orders / Drafts for matured Bonds We have been receiving suggestions from the Joint Holders of the captioned bonds that the Payment Orders represe
Dec 27, 2004
Non-acceptance of coins
RBI / 2004-05 / 315 DCM (Plg) No.G-31/10.03.00/2004-05 December 27, 2004Currency Chest maintaining Banks as per list. Dear Sir / Madam Non-acceptance of coins Please refer to the directions/instructions advised to you in our letter DCM(RMMT) No. 1181/11.37.01/2003-04 dated April 5, 2004, on acceptance of coins by bank branches. The hardship faced by the members of public because of non-acceptance of coins by branches of commercial banks was deliberated upon, among oth
RBI / 2004-05 / 315 DCM (Plg) No.G-31/10.03.00/2004-05 December 27, 2004Currency Chest maintaining Banks as per list. Dear Sir / Madam Non-acceptance of coins Please refer to the directions/instructions advised to you in our letter DCM(RMMT) No. 1181/11.37.01/2003-04 dated April 5, 2004, on acceptance of coins by bank branches. The hardship faced by the members of public because of non-acceptance of coins by branches of commercial banks was deliberated upon, among oth
Nov 29, 2004
Know Your Customer (KYC) Guidelines - Anti Money Laundering Standards
RBI-2004-05/284DBOD.NO.AML.BC.58/14.01.001/2004-05November 29, 2004The Chief Executives of All Commercial BanksDear Sir, 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards Please refer to our circular DBOD. No. AML.BC.18/ 14.01.001/2002-2003 dated August 16, 2002 on the guidelines on 'Know Your Customer' norms. Banks were advised to follow certain customer identification procedure for opening of accounts and monitoring transactions of a suspicious
RBI-2004-05/284DBOD.NO.AML.BC.58/14.01.001/2004-05November 29, 2004The Chief Executives of All Commercial BanksDear Sir, 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards Please refer to our circular DBOD. No. AML.BC.18/ 14.01.001/2002-2003 dated August 16, 2002 on the guidelines on 'Know Your Customer' norms. Banks were advised to follow certain customer identification procedure for opening of accounts and monitoring transactions of a suspicious
Nov 01, 2004
Minimum Tenor of Domestic Term Deposits Reduced from 15 Days to 7 Days
RBI/2004-05/268RPCD.CO.RF.BC 55/07.38.01/2004-05 November 1, 2004All State and District Central Co-operative BanksDear Sir, Mid-term Review of Annual Policy Statement for the year 2004-05- Reduction of Tenor of Domestic/ Ordinary Non-Resident (NRO) Term Deposits Please refer to paragraph 1(i) of our circular RPCD.No.RF.DIR.BC.77/07.38.01/2000-01 dated April 19, 2001. At present, the banks can accept term deposits of Rs.15 lakh and above for a minimum maturity period o
RBI/2004-05/268RPCD.CO.RF.BC 55/07.38.01/2004-05 November 1, 2004All State and District Central Co-operative BanksDear Sir, Mid-term Review of Annual Policy Statement for the year 2004-05- Reduction of Tenor of Domestic/ Ordinary Non-Resident (NRO) Term Deposits Please refer to paragraph 1(i) of our circular RPCD.No.RF.DIR.BC.77/07.38.01/2000-01 dated April 19, 2001. At present, the banks can accept term deposits of Rs.15 lakh and above for a minimum maturity period o
Install the RBI mobile application and get quick access to the latest news!
Page Last Updated on: June 27, 2024
