Notifications - Currency Management - RBI - Reserve Bank of India
Notifications
Feb 28, 2019
Storage of Notes and Coins
RBI/2018-19/133 DCM (Plg.) No.2128/10.25.007/2018-19 February 28, 2019 The Chief Executive Officer/ Chairman/Managing Director All Banks having Currency Chests. Madam/ Sir, Storage of Notes and Coins As stated in para 15 of the monetary policy statement of October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director] to review the entire gamut of security of treasure in transit. The recommendations of
RBI/2018-19/133 DCM (Plg.) No.2128/10.25.007/2018-19 February 28, 2019 The Chief Executive Officer/ Chairman/Managing Director All Banks having Currency Chests. Madam/ Sir, Storage of Notes and Coins As stated in para 15 of the monetary policy statement of October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director] to review the entire gamut of security of treasure in transit. The recommendations of
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Oct 25, 2018
Fire Audit of Currency Chests - Clarification
RBI/2018-19/66 DCM (CC) No.1083/03.39.01/2018-19 October 25, 2018 The Chairman & Managing Director Chief Executive Officer / Managing DirectorAll Banks having Currency Chests Madam / Dear Sir, Fire Audit of Currency Chests - Clarification Please refer to the instructions issued vide DCM (CC) No.G-11/3445/03.39.01/2015-16 dated April 13, 2016 on ‘Security / Inspection Needs and Movement of Treasure’. We had advised all chest-maintaining banks to ensure that fire au
RBI/2018-19/66 DCM (CC) No.1083/03.39.01/2018-19 October 25, 2018 The Chairman & Managing Director Chief Executive Officer / Managing DirectorAll Banks having Currency Chests Madam / Dear Sir, Fire Audit of Currency Chests - Clarification Please refer to the instructions issued vide DCM (CC) No.G-11/3445/03.39.01/2015-16 dated April 13, 2016 on ‘Security / Inspection Needs and Movement of Treasure’. We had advised all chest-maintaining banks to ensure that fire au
Sep 07, 2018
Amendments to Reserve Bank of India (Note Refund) Rules, 2009
RBI/2018-19/46 DCM (NE) No.657/08.07.18/2018-19 September 7, 2018 The Chairman and Managing Director /The Managing Director/The Chief Executive OfficerAll Banks Madam / Dear Sir, Amendments to Reserve Bank of India (Note Refund) Rules, 2009 Please refer to the Reserve Bank of India (Note Refund) Rules, 2009 wherein all branches of banks have been delegated powers for exchange of mutilated / defective notes. 2. Reserve Bank of India has made amendments to the Reserve B
RBI/2018-19/46 DCM (NE) No.657/08.07.18/2018-19 September 7, 2018 The Chairman and Managing Director /The Managing Director/The Chief Executive OfficerAll Banks Madam / Dear Sir, Amendments to Reserve Bank of India (Note Refund) Rules, 2009 Please refer to the Reserve Bank of India (Note Refund) Rules, 2009 wherein all branches of banks have been delegated powers for exchange of mutilated / defective notes. 2. Reserve Bank of India has made amendments to the Reserve B
Apr 12, 2018
Cassette - Swaps in ATMs
RBI/2017-18/162 DCM (Plg.) No. 3641/10.25.007/2017-18 April 12, 2018 The Chairman and Managing Director/ Chief Executive Officer All Banks Dear Sir, Cassette - Swaps in ATMs As stated in para 15 of the monetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director] to review the entire gamut of security of the treasure in transit. The recommendations of the Committee have
RBI/2017-18/162 DCM (Plg.) No. 3641/10.25.007/2017-18 April 12, 2018 The Chairman and Managing Director/ Chief Executive Officer All Banks Dear Sir, Cassette - Swaps in ATMs As stated in para 15 of the monetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director] to review the entire gamut of security of the treasure in transit. The recommendations of the Committee have
Apr 06, 2018
Cash Management activities of the banks Standards for engaging the Service Provider and its sub-contractor
RBI/2017-18/152 DCM (Plg) No.3563/10.25.07/2017-18 April 06, 2018 The Chairman / Managing Director / Chief Executive Officer,Public Sector Banks / Private Sector Banks / Foreign Banks /Regional Rural Banks / Primary (Urban) Co-operative Banks /State Co-operative Banks / District Central Co-operative Banks. Madam / Dear Sir, Cash Management activities of the banks Standards for engaging the Service Provider and its sub-contractor It was announced vide para 11 of the St
RBI/2017-18/152 DCM (Plg) No.3563/10.25.07/2017-18 April 06, 2018 The Chairman / Managing Director / Chief Executive Officer,Public Sector Banks / Private Sector Banks / Foreign Banks /Regional Rural Banks / Primary (Urban) Co-operative Banks /State Co-operative Banks / District Central Co-operative Banks. Madam / Dear Sir, Cash Management activities of the banks Standards for engaging the Service Provider and its sub-contractor It was announced vide para 11 of the St
Mar 01, 2018
Review of Currency Distribution & Exchange Scheme (CDES)
RBI/2017-18/136 DCM (CC) No. 3071/03.41.01/2017-18 March 01, 2018 The Chairman & Managing Director / Chief Executive Officer, All Banks Madam / Dear Sir, Review of Currency Distribution & Exchange Scheme (CDES) Please refer to the announcement made in Part B of the Bi-Monthly Review of Monetary Policy dated February 7, 2018. The RBI has been providing several incentives to banks, from time to time for installation of various machines by them to encourage techn
RBI/2017-18/136 DCM (CC) No. 3071/03.41.01/2017-18 March 01, 2018 The Chairman & Managing Director / Chief Executive Officer, All Banks Madam / Dear Sir, Review of Currency Distribution & Exchange Scheme (CDES) Please refer to the announcement made in Part B of the Bi-Monthly Review of Monetary Policy dated February 7, 2018. The RBI has been providing several incentives to banks, from time to time for installation of various machines by them to encourage techn
Feb 15, 2018
Acceptance of coins
RBI/2017-18/132 DCM (RMMT) No.2945/11.37.01/2017-18 February 15, 2018 The Chairman and Managing Director / The Managing Director/The Chief Executive OfficerAll Banks Dear Sir Acceptance of coins We invite a reference to Paragraph 1 (d) of our Master Circular DCM (NE) No. G - 1/08.07.18/2017-18 dated July 03, 2017 on Facility for Exchange of Notes and Coins where it was advised that none of the bank branches should refuse to accept small denomination notes and / or coi
RBI/2017-18/132 DCM (RMMT) No.2945/11.37.01/2017-18 February 15, 2018 The Chairman and Managing Director / The Managing Director/The Chief Executive OfficerAll Banks Dear Sir Acceptance of coins We invite a reference to Paragraph 1 (d) of our Master Circular DCM (NE) No. G - 1/08.07.18/2017-18 dated July 03, 2017 on Facility for Exchange of Notes and Coins where it was advised that none of the bank branches should refuse to accept small denomination notes and / or coi
Jun 29, 2017
Specified Bank Notes held by DCCBs
RBI/2016-17/331 DCM (Plg) No.5720/10.27.00/2016-17 June 29, 2017 The Chairman / Managing Director/ Chief Executive Officer, District Central Co-operative Banks Madam/Dear Sir, Specified Bank Notes held by DCCBs Please refer to the Specified Bank Notes (Deposit by Banks, Post Offices and District Central Co-operative Banks) Rules, 2017 (copy enclosed) notified by the Government of India on June 20, 2017. In terms of para 2 thereof, it has been decided to accept from DC
RBI/2016-17/331 DCM (Plg) No.5720/10.27.00/2016-17 June 29, 2017 The Chairman / Managing Director/ Chief Executive Officer, District Central Co-operative Banks Madam/Dear Sir, Specified Bank Notes held by DCCBs Please refer to the Specified Bank Notes (Deposit by Banks, Post Offices and District Central Co-operative Banks) Rules, 2017 (copy enclosed) notified by the Government of India on June 20, 2017. In terms of para 2 thereof, it has been decided to accept from DC
Feb 13, 2017
Deposit of Specified Bank Notes (SBNs) - Chest Balance Limit / Cash Holding Limit
RBI/2016-17/226 DCM (Plg) No.3217/10.27.00/2016-17 February 13, 2017 The Chairman / Managing Director/ Chief Executive Officer(All banks maintaining currency chests) Dear Sir / Madam, Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit Please refer to Paragraph 2 (ii) of our circular DCM (Plg) No. 1459/10.27.00/2016-17 dated November 29, 2016 on the captioned subject. As indicated thereat, a review was undertaken and it has been decided t
RBI/2016-17/226 DCM (Plg) No.3217/10.27.00/2016-17 February 13, 2017 The Chairman / Managing Director/ Chief Executive Officer(All banks maintaining currency chests) Dear Sir / Madam, Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit Please refer to Paragraph 2 (ii) of our circular DCM (Plg) No. 1459/10.27.00/2016-17 dated November 29, 2016 on the captioned subject. As indicated thereat, a review was undertaken and it has been decided t
Feb 08, 2017
Removal of limits on withdrawal of cash from Saving Bank Accounts
RBI/2016-17/224 DCM (Plg) 3107/10.27.00/2016-17 February 08, 2017 All Banks Dear Madam / Sir, Removal of limits on withdrawal of cash from Saving Bank Accounts Please refer to our circular DCM (Plg) 2905/10.27.00/2016-17 dated January 30, 2017 on the captioned subject. 2. In the wake of withdrawal of Specified Bank Notes (SBNs) since November 09, 2016 Reserve Bank had placed certain limits on cash withdrawals from Savings / Current / Cash credit /Overdraft accounts an
RBI/2016-17/224 DCM (Plg) 3107/10.27.00/2016-17 February 08, 2017 All Banks Dear Madam / Sir, Removal of limits on withdrawal of cash from Saving Bank Accounts Please refer to our circular DCM (Plg) 2905/10.27.00/2016-17 dated January 30, 2017 on the captioned subject. 2. In the wake of withdrawal of Specified Bank Notes (SBNs) since November 09, 2016 Reserve Bank had placed certain limits on cash withdrawals from Savings / Current / Cash credit /Overdraft accounts an
Jan 30, 2017
Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo ante
RBI/2016-17/217 DCM (Plg) No. 2905/10.27.00/2016-17 January 30, 2017 The Chairman / Managing Director / Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks,Regional Rural Banks / Urban Co-operative Banks,State Co-operative Banks / District Central Co-operative Banks Dear Sir/Madam, Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo antePlease refer to our circular DCM (Plg) No.1226/10.27.00/2016-17 dated
RBI/2016-17/217 DCM (Plg) No. 2905/10.27.00/2016-17 January 30, 2017 The Chairman / Managing Director / Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks,Regional Rural Banks / Urban Co-operative Banks,State Co-operative Banks / District Central Co-operative Banks Dear Sir/Madam, Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo antePlease refer to our circular DCM (Plg) No.1226/10.27.00/2016-17 dated
Jan 16, 2017
Enhancement of withdrawal limits from ATMs and Current Accounts
RBI/2016-17/213 DCM (Plg) No.2559/10.27.00/2016-17 January 16, 2017 The Chairman / Managing Director / Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/District Central Co-operative Banks Dear Sir, Enhancement of withdrawal limits from ATMs and Current Accounts Please refer to our circulars DCM (Plg) No. 1274, 1317, 1437 and 2142/10.27.00/2016-17 dated Novem
RBI/2016-17/213 DCM (Plg) No.2559/10.27.00/2016-17 January 16, 2017 The Chairman / Managing Director / Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/District Central Co-operative Banks Dear Sir, Enhancement of withdrawal limits from ATMs and Current Accounts Please refer to our circulars DCM (Plg) No. 1274, 1317, 1437 and 2142/10.27.00/2016-17 dated Novem
Jan 03, 2017
Exchange facility to foreign citizens
RBI/2016-17/208 A.P. (DIR Series) Circular No. 24 January 03, 2017 To All Authorised Persons Madam / Sir, Exchange facility to foreign citizens Attention of Authorized Persons is invited to the A.P. (DIR Series) Circular No. 20 dated November 25, 2016 permitting foreign citizens to exchange foreign exchange for Indian currency notes up to a limit of ₹ 5000/- per week till December 15, 2016 and extended up to December 31, 2016 vide A.P. (DIR Series) Circular No. 22 dat
RBI/2016-17/208 A.P. (DIR Series) Circular No. 24 January 03, 2017 To All Authorised Persons Madam / Sir, Exchange facility to foreign citizens Attention of Authorized Persons is invited to the A.P. (DIR Series) Circular No. 20 dated November 25, 2016 permitting foreign citizens to exchange foreign exchange for Indian currency notes up to a limit of ₹ 5000/- per week till December 15, 2016 and extended up to December 31, 2016 vide A.P. (DIR Series) Circular No. 22 dat
Jan 03, 2017
Allocation of cash for rural areas
RBI/2016-17/207 DCM (Plg) No.2200/10.27.00/2016-17 January 03, 2017 The Chairman / Managing Director/ Chief Executive Officer, (All banks with currency chests) Dear Sir / Madam Allocation of cash for rural areas Please refer to our circulars DCM (Plg) No.1345/10.27.00/2016-17 dated November 22, 2016 and DCM (Plg) No.1508/10.27.00/2016-17 dated December 02, 2016 on making cash available for rural areas. 2. On observing that bank notes, being supplied to rural areas, at
RBI/2016-17/207 DCM (Plg) No.2200/10.27.00/2016-17 January 03, 2017 The Chairman / Managing Director/ Chief Executive Officer, (All banks with currency chests) Dear Sir / Madam Allocation of cash for rural areas Please refer to our circulars DCM (Plg) No.1345/10.27.00/2016-17 dated November 22, 2016 and DCM (Plg) No.1508/10.27.00/2016-17 dated December 02, 2016 on making cash available for rural areas. 2. On observing that bank notes, being supplied to rural areas, at
Dec 31, 2016
Facility for exchange of Specified Bank Notes (SBNs) during Grace Period - Verification of KYC and Account details
RBI/2016-17/205 DCM (Plg) No.2170 /10.27.00/2016-17 December 31, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/Regional Rural Banks / Urban Cooperative Banks/ State Cooperative BanksDistrict Central Cooperative Banks Dear Sir, Facility for exchange of Specified Bank Notes (SBNs) during Grace Period – Verification of KYC and Account details Please refer to the GoI Ordinance No. 10 of 2016 dated
RBI/2016-17/205 DCM (Plg) No.2170 /10.27.00/2016-17 December 31, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/Regional Rural Banks / Urban Cooperative Banks/ State Cooperative BanksDistrict Central Cooperative Banks Dear Sir, Facility for exchange of Specified Bank Notes (SBNs) during Grace Period – Verification of KYC and Account details Please refer to the GoI Ordinance No. 10 of 2016 dated
Dec 30, 2016
Closure of the scheme of exchange of Specified Bank Notes (SBNs) at banks on December 30th 2016- Accounting
RBI/2016-17/201 DCM (Plg) No.2103/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director / Chief Executive Officer Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-op Banks Dear Sir, Closure of the scheme of exchange of Specified Bank Notes (SBNs) at banks on December 30th 2016- Accounting Please refer to Para 3 (C) of our Circular DCM (Plg) No.122
RBI/2016-17/201 DCM (Plg) No.2103/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director / Chief Executive Officer Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-op Banks Dear Sir, Closure of the scheme of exchange of Specified Bank Notes (SBNs) at banks on December 30th 2016- Accounting Please refer to Para 3 (C) of our Circular DCM (Plg) No.122
Dec 30, 2016
Cash withdrawal from ATMs - Enhancement of daily limits
RBI/2016-17/204 DCM (Plg) No. 2142/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative BanksDistrict central Cooperative Banks Dear Sir, Cash withdrawal from ATMs – Enhancement of daily limits Please refer to our circular DCM (Plg) No. 1424/10.27.00/2016-17 dated November 25, 2016 on “Withdrawal of cash f
RBI/2016-17/204 DCM (Plg) No. 2142/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative BanksDistrict central Cooperative Banks Dear Sir, Cash withdrawal from ATMs – Enhancement of daily limits Please refer to our circular DCM (Plg) No. 1424/10.27.00/2016-17 dated November 25, 2016 on “Withdrawal of cash f
Dec 21, 2016
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts- Modification
RBI/2016-17/191 DCM (Plg) No. 1911/10.27.00/2016-17 December 21, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional RuralBanks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts- Modification Please refer to our circu
RBI/2016-17/191 DCM (Plg) No. 1911/10.27.00/2016-17 December 21, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional RuralBanks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts- Modification Please refer to our circu
Dec 19, 2016
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts
RBI/2016-17/189DCM (Plg) No. 1859/10.27.00/2016-17 December 19, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional RuralBanks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts Please refer to Circular DCM (Plg) No.122
RBI/2016-17/189DCM (Plg) No. 1859/10.27.00/2016-17 December 19, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional RuralBanks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts Please refer to Circular DCM (Plg) No.122
Dec 13, 2016
Preservation of CCTV recordings
RBI/2016-17/181 DCM (Plg) No. 1712/10.27.00/2016-17 December 13, 2016 The Chairman & Managing DirectorChief Executive OfficersAll Banks Dear Sir, Preservation of CCTV recordings Please refer to paragraph (5) of our circular DCM (FNVD) No.1134/16.01.05/2016-17 dated October 27, 2016 wherein it was stated that in order to facilitate identification of people abetting circulation of counterfeit notes, banks are advised to cover the banking hall/area and counters under
RBI/2016-17/181 DCM (Plg) No. 1712/10.27.00/2016-17 December 13, 2016 The Chairman & Managing DirectorChief Executive OfficersAll Banks Dear Sir, Preservation of CCTV recordings Please refer to paragraph (5) of our circular DCM (FNVD) No.1134/16.01.05/2016-17 dated October 27, 2016 wherein it was stated that in order to facilitate identification of people abetting circulation of counterfeit notes, banks are advised to cover the banking hall/area and counters under
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Page Last Updated on: October 31, 2024
