Notifications - Currency Management - RBI - Reserve Bank of India
Notifications
May 13, 2013
Clean Note Policy
RBI/2012-13/500 DCM (NPD) No.5133/ 09.39.000/2012-13 May 10, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks (including Co-operative banks and RRBs) Madam / Dear Sir Clean Note Policy In recent periods, instances of certain branches of banks continues to follow old practices like stapling, writing number of note pieces in loose packets on watermark window of notes disfiguring the watermark impression and rendering it difficult for easy
RBI/2012-13/500 DCM (NPD) No.5133/ 09.39.000/2012-13 May 10, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks (including Co-operative banks and RRBs) Madam / Dear Sir Clean Note Policy In recent periods, instances of certain branches of banks continues to follow old practices like stapling, writing number of note pieces in loose packets on watermark window of notes disfiguring the watermark impression and rendering it difficult for easy
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Mar 05, 2013
Facility for Exchange of Notes and Coins
RBI/2012-13/428 DCM (NE) No. 3498 /08.07.18/2012-13 January 28, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks (including Co-operative banks and RRBs) Madam / Dear Sir Facility for Exchange of Notes and Coins Please refer to paras 130 and 131 of the Monetary Policy Statement 2012-13 of Reserve Bank of India announced on April 17, 2012 (copy enclosed). 2. Consequently, the scope of the guidelines contained in para 1 (a) of our Master Ci
RBI/2012-13/428 DCM (NE) No. 3498 /08.07.18/2012-13 January 28, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks (including Co-operative banks and RRBs) Madam / Dear Sir Facility for Exchange of Notes and Coins Please refer to paras 130 and 131 of the Monetary Policy Statement 2012-13 of Reserve Bank of India announced on April 17, 2012 (copy enclosed). 2. Consequently, the scope of the guidelines contained in para 1 (a) of our Master Ci
May 09, 2012
Detection and Reporting Mechanism of Counterfeit Notes - Monetary Policy Statement 2012-13
RBI/2011-12/544 DCM (FNV) No. 5063/16.02.22/2011-12 May 09, 2012 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Including RRBs) and Scheduled State Co-operative Banks / Scheduled (Primary) Urban Co-operative Banks Dear Sir/Madam, Detection and Reporting Mechanism of Counterfeit Notes – Monetary Policy Statement 2012-13 Please refer to our Directive No. 3158/09.39.00 (Policy)/2009-10 dated November 19, 2009 read with Circul
RBI/2011-12/544 DCM (FNV) No. 5063/16.02.22/2011-12 May 09, 2012 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Including RRBs) and Scheduled State Co-operative Banks / Scheduled (Primary) Urban Co-operative Banks Dear Sir/Madam, Detection and Reporting Mechanism of Counterfeit Notes – Monetary Policy Statement 2012-13 Please refer to our Directive No. 3158/09.39.00 (Policy)/2009-10 dated November 19, 2009 read with Circul
Jul 27, 2011
Detection of Counterfeit Banknotes - Revised Procedure
RBI/2011-12/129 DCM(FNVD) No. 502/16.01.05/2011-12 July 25, 2011 The Chairman / Managing Director, Commercial Banks,Cooperative Banks, RRBs / Private Banks,Foreign Banks and Director of Treasuries of all States Dear Sir/Madam, Detection of Counterfeit Banknotes – Revised Procedure Please refer to the Master Circular DCM (FNVD) No. G-5/16.01.05/2011-12 dated July 1, 2011 on the above subject. In terms of Para 4 of the circular, among other things, FIRs are required to
RBI/2011-12/129 DCM(FNVD) No. 502/16.01.05/2011-12 July 25, 2011 The Chairman / Managing Director, Commercial Banks,Cooperative Banks, RRBs / Private Banks,Foreign Banks and Director of Treasuries of all States Dear Sir/Madam, Detection of Counterfeit Banknotes – Revised Procedure Please refer to the Master Circular DCM (FNVD) No. G-5/16.01.05/2011-12 dated July 1, 2011 on the above subject. In terms of Para 4 of the circular, among other things, FIRs are required to
Apr 21, 2011
Coins of 25 Paise and below - Withdrawal from Circulation
RBI/2010-11/482 RPCD.CO.No RCB. 61/07.38.03/2010-11 April 21, 2011 The Chairmen/CEOs of all State and Central Co-operative Banks Dear Sir, Coins of 25 Paise and below – Withdrawal from Circulation Please refer to the Govt. of India Gazette Notification S.O 2978(E) dated December 20, 2010 and the Reserve Bank Press Release dated February 1, 2011 on the above subject (copies enclosed). 2. The Government of India has decided to withdraw coins of denomination of 25 paise
RBI/2010-11/482 RPCD.CO.No RCB. 61/07.38.03/2010-11 April 21, 2011 The Chairmen/CEOs of all State and Central Co-operative Banks Dear Sir, Coins of 25 Paise and below – Withdrawal from Circulation Please refer to the Govt. of India Gazette Notification S.O 2978(E) dated December 20, 2010 and the Reserve Bank Press Release dated February 1, 2011 on the above subject (copies enclosed). 2. The Government of India has decided to withdraw coins of denomination of 25 paise
Apr 20, 2011
Coins of 25 Paise and below - Withdrawal from Circulation
RBI/2010-11/479 RPCD.CO.No RRB. 60 /03.05.33 /2010-11 April 20, 2011 The Chairmen Regional Rural Banks Dear Sir, Coins of 25 Paise and below – Withdrawal from Circulation Please refer to the Govt. of India Gazette Notification S.O 2978(E) dated December 20, 2010 and the Reserve Bank Press Release dated February 1, 2011 on the above subject (copies enclosed). 2. The Government of India has decided to withdraw coins of denomination of 25 paise and below from circulation
RBI/2010-11/479 RPCD.CO.No RRB. 60 /03.05.33 /2010-11 April 20, 2011 The Chairmen Regional Rural Banks Dear Sir, Coins of 25 Paise and below – Withdrawal from Circulation Please refer to the Govt. of India Gazette Notification S.O 2978(E) dated December 20, 2010 and the Reserve Bank Press Release dated February 1, 2011 on the above subject (copies enclosed). 2. The Government of India has decided to withdraw coins of denomination of 25 paise and below from circulation
May 11, 2010
Installation of Note Sorting Machines - Note Authentication and Fitness Sorting Parameters
RBI/2009-10/459 DCM(R&D)No.G-26/18.00.14/2009-10 May 11, 2010 The Chairman & Managing Director / Chief Executive Officer All Scheduled Commercial Banks (including RRBs) Scheduled State Co-operative Banks / Scheduled (Primary) Urban Co-op Banks Dear Sir/Madam Installation of Note Sorting Machines – Note Authentication and Fitness Sorting Parameters Please refer to paragraph 5 of our circular DCM. No. Cir. NPD. 3161/09.39.00 (Policy)/ 2009-10 dated November 19,
RBI/2009-10/459 DCM(R&D)No.G-26/18.00.14/2009-10 May 11, 2010 The Chairman & Managing Director / Chief Executive Officer All Scheduled Commercial Banks (including RRBs) Scheduled State Co-operative Banks / Scheduled (Primary) Urban Co-op Banks Dear Sir/Madam Installation of Note Sorting Machines – Note Authentication and Fitness Sorting Parameters Please refer to paragraph 5 of our circular DCM. No. Cir. NPD. 3161/09.39.00 (Policy)/ 2009-10 dated November 19,
Feb 19, 2010
Setting up of Cash Processing Centres - Recommendation of HLG
RBI/2009-10/320 DCM(Plg)No. G-18 /10.01.03/2009-10 February 19, 2010 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks Dear Sir Setting up of Cash Processing Centres – Recommendation of HLG We invite your attention to issue of a directive DCM (NPD)No. 3158 /09.39.00(Policy)/2009-10 dated November 2009 (issued under cover of our letter DCM(NPD)No. 3161/09.39.00(Policy)/2009-10 also dated 19 November 2009 enjoining upon the bank
RBI/2009-10/320 DCM(Plg)No. G-18 /10.01.03/2009-10 February 19, 2010 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks Dear Sir Setting up of Cash Processing Centres – Recommendation of HLG We invite your attention to issue of a directive DCM (NPD)No. 3158 /09.39.00(Policy)/2009-10 dated November 2009 (issued under cover of our letter DCM(NPD)No. 3161/09.39.00(Policy)/2009-10 also dated 19 November 2009 enjoining upon the bank
Nov 19, 2009
Installation of Note Sorting Machines
RBI/2009-10/228 DCM. No. Cir. NPD.3161/09.39.00 (Policy)/2009-2010 November 19, 2009 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks(Including RRBs)/ Scheduled State Co-operative Banks/ Scheduled (Primary) Urban Co-operative Banks Dear Sir, Sorting / Processing of Notes – Installation of Note Sorting Machines Please refer to paragraph 176 of the Second Quarter Review of Monetary Policy for the year 2009-10 announced on Octobe
RBI/2009-10/228 DCM. No. Cir. NPD.3161/09.39.00 (Policy)/2009-2010 November 19, 2009 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks(Including RRBs)/ Scheduled State Co-operative Banks/ Scheduled (Primary) Urban Co-operative Banks Dear Sir, Sorting / Processing of Notes – Installation of Note Sorting Machines Please refer to paragraph 176 of the Second Quarter Review of Monetary Policy for the year 2009-10 announced on Octobe
Oct 30, 2009
Appointment of a Nodal Officer by banks in respect of their Currency Management Operations
RBI/2009-10/205DCM (Plg) No. 2701/10.01.03/2009-10 October 30, 2009 The Chairman / Managing Director All Public / Private Sector Banks Dear Sir Appointment of a Nodal Officer by banks in respect of their Currency Management Operations The High Level Group on Currency Management chaired by Smt. Usha Thorat, Deputy Governor, Reserve Bank of India submitted its Report in August 2009. The Group, inter alia, emphasized the importance of using modern technology and security
RBI/2009-10/205DCM (Plg) No. 2701/10.01.03/2009-10 October 30, 2009 The Chairman / Managing Director All Public / Private Sector Banks Dear Sir Appointment of a Nodal Officer by banks in respect of their Currency Management Operations The High Level Group on Currency Management chaired by Smt. Usha Thorat, Deputy Governor, Reserve Bank of India submitted its Report in August 2009. The Group, inter alia, emphasized the importance of using modern technology and security
Apr 25, 2007
Acceptance of Small Denomination Notes and Coins
RBI/2006-2007/349 DCM(NE)No. 7488 /08.07.18/2006-07April 25, 2007The Chairman and Managing Director/Chief Executive OfficerAll BanksMadam/Dear Sir,Acceptance of Small Denomination Notes and Coins A case involving refusal by a bank to accept demand draft involving fraction of a rupee came up before the Honourable High Court of Gujarat, Ahmedabad. The High Court of Gujarat, taking a serious view of the matter, has directed that appropriate steps may be taken in the matt
RBI/2006-2007/349 DCM(NE)No. 7488 /08.07.18/2006-07April 25, 2007The Chairman and Managing Director/Chief Executive OfficerAll BanksMadam/Dear Sir,Acceptance of Small Denomination Notes and Coins A case involving refusal by a bank to accept demand draft involving fraction of a rupee came up before the Honourable High Court of Gujarat, Ahmedabad. The High Court of Gujarat, taking a serious view of the matter, has directed that appropriate steps may be taken in the matt
Feb 12, 2007
Clean Note Policy - Sorting of banknotes
RBI/2006-2007/255 DCM (NPD) No. 5673/09.39.00/2006-07 February 12, 2007 The Chairman & Managing Director / Managing Director / Chief Executive Officer, All Banks having currency chests Dear Sir / Madam, Clean Note Policy – Sorting of banknotes In pursuance of the Bank's Clean Note Policy, the currency chest holding banks have been advised to automate the sorting of notes by installing Note Sorting Machines (NSM) at their currency chests. 2. It has been decided to
RBI/2006-2007/255 DCM (NPD) No. 5673/09.39.00/2006-07 February 12, 2007 The Chairman & Managing Director / Managing Director / Chief Executive Officer, All Banks having currency chests Dear Sir / Madam, Clean Note Policy – Sorting of banknotes In pursuance of the Bank's Clean Note Policy, the currency chest holding banks have been advised to automate the sorting of notes by installing Note Sorting Machines (NSM) at their currency chests. 2. It has been decided to
Jan 03, 2007
Installation of Coin Vending Machines
RBI 2006-2007/223DCM(Plg)No.G.11/ 10.87.07/2006-07January 3, 2007The Chairman/Managing Director/CMDs/Chief Executive OfficerState Bank of IndiaAssociate Banks, Nationalised Banks, Private Sector Banks(As per list)Dear Sir / Madam,Installation of Coin Vending MachinesAs you are aware, the Reserve Bank has been taking measures to ensure that adequate number of banknotes and coins are put in circulation so as to cater to the needs of people over a huge geographical area.
RBI 2006-2007/223DCM(Plg)No.G.11/ 10.87.07/2006-07January 3, 2007The Chairman/Managing Director/CMDs/Chief Executive OfficerState Bank of IndiaAssociate Banks, Nationalised Banks, Private Sector Banks(As per list)Dear Sir / Madam,Installation of Coin Vending MachinesAs you are aware, the Reserve Bank has been taking measures to ensure that adequate number of banknotes and coins are put in circulation so as to cater to the needs of people over a huge geographical area.
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
Apr 26, 2006
Introduction of Star Series Numbering System
RBI/2005-06/375 DCM (Plg) No. G-48 /10.01.08/2005-06 April 26, 2006 The Chairman/ Managing Director / Chairman & Managing Director / Chief Executive Officer State Bank of India, Associate Banks Nationalised Banks, Private Sector Banks, Foreign Banks Regional Rural Banks, Urban Cooperative Banks Dear Sir/Madam Introduction of Star Series Numbering System Please refer to paragraph 207 of the Annual Policy Statement for the year 2006-07, a copy of which is enclosed.
RBI/2005-06/375 DCM (Plg) No. G-48 /10.01.08/2005-06 April 26, 2006 The Chairman/ Managing Director / Chairman & Managing Director / Chief Executive Officer State Bank of India, Associate Banks Nationalised Banks, Private Sector Banks, Foreign Banks Regional Rural Banks, Urban Cooperative Banks Dear Sir/Madam Introduction of Star Series Numbering System Please refer to paragraph 207 of the Annual Policy Statement for the year 2006-07, a copy of which is enclosed.
Nov 18, 2005
Master Circular - Facility for Exchange of Notes and Coins
RBI No. 210/2005-06 DCM (NE) No. 4559/08.07.18/2002-03 18 November 2005 The Chairman & Managing Director of All Public Sector and Private Sector 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 in the matter, we forward a revised
RBI No. 210/2005-06 DCM (NE) No. 4559/08.07.18/2002-03 18 November 2005 The Chairman & Managing Director of All Public Sector and Private Sector 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 in the matter, we forward a revised
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 02, 2005
Shortages in currency chests - Strengthening of internal control systems in banks maintaining currency chests
RBI/2005-06/91 DCM(CC)No G-8 /03.28.01/2005-06. August 02, 2005 The Chairman & Managing Director/ Chief Executive Officer (All banks having currency chests) Dear Sir, Shortages in currency chests - Strengthening of internal control systems in banks maintaining currency chests. Please refer to our circular DCM(CC)No.485/03.30.02/2003-04 dated October 23, 2003. We observe from the records that the shortages in the remittances sent by currency chests of various banks
RBI/2005-06/91 DCM(CC)No G-8 /03.28.01/2005-06. August 02, 2005 The Chairman & Managing Director/ Chief Executive Officer (All banks having currency chests) Dear Sir, Shortages in currency chests - Strengthening of internal control systems in banks maintaining currency chests. Please refer to our circular DCM(CC)No.485/03.30.02/2003-04 dated October 23, 2003. We observe from the records that the shortages in the remittances sent by currency chests of various banks
Jun 04, 2005
Indian banknotes with additional/revised security features
RBI/2004-05/485 DCM (Plg.) No. G - 43/10.01.00/2004-05 June 04, 2005 The Chairman / MD / CMD / CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/revised security features Please refer to our letters RBI/2004-05/458; DCM (Plg.) No. G40/10.01.00/2004-05 dated May 07, 2005, forwarding therewith a list of additional / new security features for Indian banknotes and DCM (Plg) No. 1122/10.01.00/2004-05 dated May 17
RBI/2004-05/485 DCM (Plg.) No. G - 43/10.01.00/2004-05 June 04, 2005 The Chairman / MD / CMD / CEO Public Sector Banks, Private Sector Banks, Foreign Banks. Madam/Dear Sir, Indian banknotes with additional/revised security features Please refer to our letters RBI/2004-05/458; DCM (Plg.) No. G40/10.01.00/2004-05 dated May 07, 2005, forwarding therewith a list of additional / new security features for Indian banknotes and DCM (Plg) No. 1122/10.01.00/2004-05 dated May 17
May 24, 2005
Security Arrangements for guarding currency chests
RBI / 2004-05 /479 DCM (S & D) No. G.42 / 12.02.29 / 2004-05 May 24, 2005 The Chairman / Chairman & Managing Director/Managing Director of all banks having currency chests Dear Sir/Madam, Security Arrangements for guarding currency chests Please refer to our circular DCM (S & D) No. 172 / 12.02.29 / 2002-03 dated August 30, 2002 read with circular CO. DAPM. CSC. No. 316 / 15.08.02 / 2004-05 dated February 19, 2005 in terms of which banks have been permitte
RBI / 2004-05 /479 DCM (S & D) No. G.42 / 12.02.29 / 2004-05 May 24, 2005 The Chairman / Chairman & Managing Director/Managing Director of all banks having currency chests Dear Sir/Madam, Security Arrangements for guarding currency chests Please refer to our circular DCM (S & D) No. 172 / 12.02.29 / 2002-03 dated August 30, 2002 read with circular CO. DAPM. CSC. No. 316 / 15.08.02 / 2004-05 dated February 19, 2005 in terms of which banks have been permitte
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