Withdrawn Circulars - RBI - Reserve Bank of India
Withdrawn Circulars
Nov 30, 2007
Withdrawn w.e.f. 13/05/2022
Additional Interest Subvention of 2 per cent to specified Export Sectors
RBI/2007-2008/199DBOD. Dir.(Exp).BC.No.54/04.02.01/2007- 08November 30, 2007All Scheduled Commercial Banks(excluding RRBs)Dear Sirs,Rupee Export Credit Interest Rates Please refer to our circulars DBOD. Dir.(Exp.)No.22 & 34 B/04.02.01/2007-08 dated July 13 and October 6, 2007 respectively on the captioned subject regarding provision of interest subvention of 2 percentage points p.a. to all scheduled commercial banks in respect of rupee export credit to the specifi
RBI/2007-2008/199DBOD. Dir.(Exp).BC.No.54/04.02.01/2007- 08November 30, 2007All Scheduled Commercial Banks(excluding RRBs)Dear Sirs,Rupee Export Credit Interest Rates Please refer to our circulars DBOD. Dir.(Exp.)No.22 & 34 B/04.02.01/2007-08 dated July 13 and October 6, 2007 respectively on the captioned subject regarding provision of interest subvention of 2 percentage points p.a. to all scheduled commercial banks in respect of rupee export credit to the specifi
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Nov 15, 2007
Withdrawn w.e.f. 16/11/2021
Access Criteria for Clearing Houses at MICR Centres - Procedural Guidelines
DPSS CO No.704/03.01.14/2007-08 November 15, 2007 The Chairman & Managing Director of banks managing clearing houses Dear Sir, Access Criteria for Clearing Houses at MICR Centres – Procedural Guidelines A Working Group on Access to Payment Systems was constituted by the Reserve Bank and based on its recommendations and the feedback received, criteria for participation as a member in the Clearing Houses at MICR Centres has since been finalized.@@NBSP@@ The procedur
DPSS CO No.704/03.01.14/2007-08 November 15, 2007 The Chairman & Managing Director of banks managing clearing houses Dear Sir, Access Criteria for Clearing Houses at MICR Centres – Procedural Guidelines A Working Group on Access to Payment Systems was constituted by the Reserve Bank and based on its recommendations and the feedback received, criteria for participation as a member in the Clearing Houses at MICR Centres has since been finalized.@@NBSP@@ The procedur
Oct 06, 2007
Withdrawn w.e.f. 13/05/2022
Rupee Export Credit Interest Rates - Extension of period & widening of coverage of sectors
RBI/2007- 2008/155DBOD.Dir.(Exp).BC.No. 34B /04.02.01/2007-08October 6, 2007ToAll Scheduled Commercial Banks(excluding RRBs)Dear Sirs,Rupee Export Credit Interest Rates – Extension of period & widening of coverage of sectorsPlease refer to our circular DBOD.Dir.(Exp.)No.22/04.02.01/2007-08 dated July 13, 2007 on the captioned subject regarding provision of interest subvention of 2 percentage points p.a. to all scheduled commercial banks in respect of rupee export
RBI/2007- 2008/155DBOD.Dir.(Exp).BC.No. 34B /04.02.01/2007-08October 6, 2007ToAll Scheduled Commercial Banks(excluding RRBs)Dear Sirs,Rupee Export Credit Interest Rates – Extension of period & widening of coverage of sectorsPlease refer to our circular DBOD.Dir.(Exp.)No.22/04.02.01/2007-08 dated July 13, 2007 on the captioned subject regarding provision of interest subvention of 2 percentage points p.a. to all scheduled commercial banks in respect of rupee export
Jul 13, 2007
Withdrawn w.e.f. 13/05/2022
Rupee Export Credit Interest Rates
RBI/2007-2008/93 DBOD.Dir.(Exp).BC.No. 22/04.02.01/2007-08 July 13, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sirs, Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.80/04.02.01/2006-07 dated April 17, 2007 on the captioned subject. 2. The Government has decided to provide interest subvention of 2 percentage points p.a. to all scheduled commercial banks in respect of rupee export credit to the specified categories of exp
RBI/2007-2008/93 DBOD.Dir.(Exp).BC.No. 22/04.02.01/2007-08 July 13, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sirs, Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.80/04.02.01/2006-07 dated April 17, 2007 on the captioned subject. 2. The Government has decided to provide interest subvention of 2 percentage points p.a. to all scheduled commercial banks in respect of rupee export credit to the specified categories of exp
Mar 28, 2007
Withdrawn w.e.f. 13/05/2022
Scheme to cover term loans for agriculture & allied activities under KCC
RBI/2006-2007/294RPCD. PLFS.BC. No. 58/05.05.09/2006-07March 28, 2007The Chairman and Managing Director/ChiefExecutive Officer,All Scheduled Commercial Banks@@NBSP@@Dear Sir,Scheme to cover term loans foragriculture & allied activities under KCC Please refer to our circular RPCD.PLFS.BC.NO 38/05.05.09/2004-05 dated October 4, 2004 forwarding therewith the revised Model Scheme prepared by NABARD and advising you to report the progress in this regard to us, on a mon
RBI/2006-2007/294RPCD. PLFS.BC. No. 58/05.05.09/2006-07March 28, 2007The Chairman and Managing Director/ChiefExecutive Officer,All Scheduled Commercial Banks@@NBSP@@Dear Sir,Scheme to cover term loans foragriculture & allied activities under KCC Please refer to our circular RPCD.PLFS.BC.NO 38/05.05.09/2004-05 dated October 4, 2004 forwarding therewith the revised Model Scheme prepared by NABARD and advising you to report the progress in this regard to us, on a mon
Mar 09, 2007
Withdrawn w.e.f. 16/11/2021
Incentive for improving service to non-chest bank branches
RBI/2006-2007/283 DCM (NPD) No.6316/09.40.02/2006-07 March 9, 2007 The Chairman & Managing Director / Managing Director / Chief Executive Officer, All Banks having currency chests Dear Sir / Madam, Incentive for improving service to non-chest bank branches Please refer to our circulars DCM (NPD) No. G.30/ 09.39.00/2001-02 dated March 23, 2002 and DCM (NPD) No. G.9 /09.39.00/2002-03 dated September 23, 2002 on the captioned subject. 2. It has been decided to allow
RBI/2006-2007/283 DCM (NPD) No.6316/09.40.02/2006-07 March 9, 2007 The Chairman & Managing Director / Managing Director / Chief Executive Officer, All Banks having currency chests Dear Sir / Madam, Incentive for improving service to non-chest bank branches Please refer to our circulars DCM (NPD) No. G.30/ 09.39.00/2001-02 dated March 23, 2002 and DCM (NPD) No. G.9 /09.39.00/2002-03 dated September 23, 2002 on the captioned subject. 2. It has been decided to allow
Nov 16, 2006
Withdrawn w.e.f. 21/05/2024
Compliance function in banks
RBI/2006-07/177 November 16, 2006 DBS.PP.BC1/11/01.005/2006-07 The Chairman / CEO All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Compliance function in banks A system of 'Compliance Officer' in banks was introduced by Reserve Bank of India in August 1992, based on the recommendations of the Committee on Frauds and Malpractices in Banks (Ghosh Committee). Further guidelines in this regard, and more specifically on the role of the Compliance Officers
RBI/2006-07/177 November 16, 2006 DBS.PP.BC1/11/01.005/2006-07 The Chairman / CEO All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Compliance function in banks A system of 'Compliance Officer' in banks was introduced by Reserve Bank of India in August 1992, based on the recommendations of the Committee on Frauds and Malpractices in Banks (Ghosh Committee). Further guidelines in this regard, and more specifically on the role of the Compliance Officers
Oct 20, 2006
Withdrawn w.e.f. 13/05/2022
Rupee Export Credit Interest Rates
RBI/2006-07/149 DBOD.Dir.(Exp).BC.No.37/04.02.01/2006-07 October 20, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.83/04.02.01/2006-07 dated April 28, 2006 on the captioned subject. The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto April 30, 2007. In this connection, you may please refer to RBI circul
RBI/2006-07/149 DBOD.Dir.(Exp).BC.No.37/04.02.01/2006-07 October 20, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.83/04.02.01/2006-07 dated April 28, 2006 on the captioned subject. The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto April 30, 2007. In this connection, you may please refer to RBI circul
Sep 14, 2006
Withdrawn w.e.f. 13/05/2022
Delegation of adequate powers to the Bank Managers for sanctioning loans without referring to higher authorities and following of the procedure for calculating interest on loans excluding subsidy amount under SGSY Scheme
RBI /2006-07/ 126 RPCD.SP.BC. 24 /CLCC/09.01.01/2006-07September 14, 2006 The Chairman and Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Delegation of adequate powers to the Bank Managers for sanctioning loans without referring to higher authorities and following of the procedure for calculating interest on loans excluding subsidy amount under SGSY Scheme. It has been brought to our notice by Ministry of Rural Development GOI, New Delhi t
RBI /2006-07/ 126 RPCD.SP.BC. 24 /CLCC/09.01.01/2006-07September 14, 2006 The Chairman and Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Delegation of adequate powers to the Bank Managers for sanctioning loans without referring to higher authorities and following of the procedure for calculating interest on loans excluding subsidy amount under SGSY Scheme. It has been brought to our notice by Ministry of Rural Development GOI, New Delhi t
Dec 23, 2005
Withdrawn w.e.f. 16/11/2021
ECS (Debit Clearing) - Revocation of mandate by the customers
RBI/2005-06/239 Ref. DPSS (CO) No.950/04.01.01/2005-2006 December 23, 2005 To the Chairmen / Chief Executive Officers of all the Scheduled Commercial Banks ECS (Debit Clearing) – Revocation of mandate by the customers The volume of ECS transactions – both in Debit Clearing and Credit Clearing – has been growing rapidly. The growth rate of Debit Clearing transactions is much larger than the Credit Clearing and many utility companies have evinced a lot of interest in ut
RBI/2005-06/239 Ref. DPSS (CO) No.950/04.01.01/2005-2006 December 23, 2005 To the Chairmen / Chief Executive Officers of all the Scheduled Commercial Banks ECS (Debit Clearing) – Revocation of mandate by the customers The volume of ECS transactions – both in Debit Clearing and Credit Clearing – has been growing rapidly. The growth rate of Debit Clearing transactions is much larger than the Credit Clearing and many utility companies have evinced a lot of interest in ut
Nov 23, 2005
Withdrawn w.e.f. 18/02/2022
Electronic Payment Products - Service Charges
RBI/2005-06/218 Ref. DPSS (CO) No.796/01.01.59/2005-2006@@NBSP@@ @@NBSP@@ November 23, 2005 To Chairman / Chief Executive Officers of all the Scheduled Commercial Banks (Other than Regional Rural Banks)Electronic Payment Products - Service Charges An extract of the Mid-term Review of Annual Policy for the year 2005-06 reads as under- "Para 103: One of the constraints in the growth of electronic payment systems has been the high rate of service charges being levied by
RBI/2005-06/218 Ref. DPSS (CO) No.796/01.01.59/2005-2006@@NBSP@@ @@NBSP@@ November 23, 2005 To Chairman / Chief Executive Officers of all the Scheduled Commercial Banks (Other than Regional Rural Banks)Electronic Payment Products - Service Charges An extract of the Mid-term Review of Annual Policy for the year 2005-06 reads as under- "Para 103: One of the constraints in the growth of electronic payment systems has been the high rate of service charges being levied by
Oct 17, 2005
Withdrawn w.e.f. 16/11/2021
Electronic Clearing Service
RBI/2005-06/181 Ref. DPSS (CO) No.590/01.01.15/2005@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ October 17, 2005To Chairmen / CEOs of all the banks participating in Electronic Clearing ServicesDear Sir Electronic Clearing Service (ECS) As you may be aware, Electronic Clearing service (ECS) is increasingly being used by various users like Govt. Departments, corporate bodies, etc. for repetitive payments like s
RBI/2005-06/181 Ref. DPSS (CO) No.590/01.01.15/2005@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ October 17, 2005To Chairmen / CEOs of all the banks participating in Electronic Clearing ServicesDear Sir Electronic Clearing Service (ECS) As you may be aware, Electronic Clearing service (ECS) is increasingly being used by various users like Govt. Departments, corporate bodies, etc. for repetitive payments like s
Aug 26, 2005
Withdrawn w.e.f. 13/05/2022
Credit flow to SME sector- Submission of Quarterly Data
RBI/2005-06/145 RPCD.PLNFS.BC.No. 38/06.02.31(iv)/2005-06 August 26, 2005 The Chairman/Managing Director All Public Sector Banks Dear Sir, Credit flow to SME sector- Reporting Format for Quarterly Review by the Government of India Please refer to our letter No.RPCD.PLNFS.No.508/06.02.31/2003-04 dated August 13, 2003 regarding submission of quarterly data on credit flow to SSI sector for review by the Secretary (SSI & ARI), Government of India in the prescribed for
RBI/2005-06/145 RPCD.PLNFS.BC.No. 38/06.02.31(iv)/2005-06 August 26, 2005 The Chairman/Managing Director All Public Sector Banks Dear Sir, Credit flow to SME sector- Reporting Format for Quarterly Review by the Government of India Please refer to our letter No.RPCD.PLNFS.No.508/06.02.31/2003-04 dated August 13, 2003 regarding submission of quarterly data on credit flow to SSI sector for review by the Secretary (SSI & ARI), Government of India in the prescribed for
Aug 25, 2005
Withdrawn w.e.f. 13/05/2022
List of Reserved Items for Exclusive Manufacture by SSIs amended
RBI/2005-06/141 RPCD.PLNFS.BC.NO. 36 /06.02.31/2005-06 August 25, 2005 The Chairman/Managing Director All Scheduled Commercial Banks (including RRBs) Dear Sir, Notification No.S.O.420(E) dated March 28, 2005 regarding changes in the list of reserved items for exclusive manufacture in the Small Scale Sector Please refer to our circular RPCD.PLNFS.BC.No. 73/06.02.31/2004-05 dated January 15, 2005 on the captioned subject. 2. We advise that Government of India, Ministry
RBI/2005-06/141 RPCD.PLNFS.BC.NO. 36 /06.02.31/2005-06 August 25, 2005 The Chairman/Managing Director All Scheduled Commercial Banks (including RRBs) Dear Sir, Notification No.S.O.420(E) dated March 28, 2005 regarding changes in the list of reserved items for exclusive manufacture in the Small Scale Sector Please refer to our circular RPCD.PLNFS.BC.No. 73/06.02.31/2004-05 dated January 15, 2005 on the captioned subject. 2. We advise that Government of India, Ministry
Jul 25, 2005
Withdrawn w.e.f. 16/11/2021
Computerisation of Currency Chest operations
RBI/2005-06/74 DCM(CD)No.816/04.36.03/2005-06 July 25, 2005The Chairman & Managing Directors of banks maintaining Currency Chests Dear Sir/Madam, Computerisation of Currency Chest operations The Reserve Bank of India has taken up a project for computerisation of the currency-related data and accounts. Apart from computerisation of the currency-related data and accounts at the Bank's Issue Offices, the project will cover the following: a. computerisation of the dat
RBI/2005-06/74 DCM(CD)No.816/04.36.03/2005-06 July 25, 2005The Chairman & Managing Directors of banks maintaining Currency Chests Dear Sir/Madam, Computerisation of Currency Chest operations The Reserve Bank of India has taken up a project for computerisation of the currency-related data and accounts. Apart from computerisation of the currency-related data and accounts at the Bank's Issue Offices, the project will cover the following: a. computerisation of the dat
Jul 13, 2005
Withdrawn w.e.f. 18/02/2022
RTGS and other payment systems service charges
RBI/2005-06/53 DPSS(CO)Cir.No.04/10.01.01 /2005-2006 July 13, 2005 ToThe Chairman/Chairman & Managing Director/CEO all RTGS member banks Dear Sir / Madam,RTGS and other payment systems service charges As you are aware, over a period of time RBI has introduced a host of electronic payment products like ECS (Credit), ECS (Debit), EFT, SEFT and the Real Time Gross Settlement (RTGS) System. All these systems have since stabilized. We are also happy to observe that mem
RBI/2005-06/53 DPSS(CO)Cir.No.04/10.01.01 /2005-2006 July 13, 2005 ToThe Chairman/Chairman & Managing Director/CEO all RTGS member banks Dear Sir / Madam,RTGS and other payment systems service charges As you are aware, over a period of time RBI has introduced a host of electronic payment products like ECS (Credit), ECS (Debit), EFT, SEFT and the Real Time Gross Settlement (RTGS) System. All these systems have since stabilized. We are also happy to observe that mem
Apr 13, 2005
Withdrawn w.e.f. 13/05/2022
Interest rates to be charged on group loans under Swarnjayanti Gram Swarozgar Yojana (SGSY)
RBI /2004-05/ 421 RPCD.SP.BC.No. 94 /09.01.01/2004-05April 13, 2005 The Chairman and Managing Director All Scheduled Commercial Banks (Except RRBs)Dear Sir, Interest rates to be charged on group loans under Swarnjayanti Gram Swarozgar Yojana (SGSY) As you are aware that Swarnjayanti Gram Swarozgar Yojana (SGSY) is a major poverty alleviation and employment generation programme of the Government of India, implemented in the rural areas of the country, focuses on Group
RBI /2004-05/ 421 RPCD.SP.BC.No. 94 /09.01.01/2004-05April 13, 2005 The Chairman and Managing Director All Scheduled Commercial Banks (Except RRBs)Dear Sir, Interest rates to be charged on group loans under Swarnjayanti Gram Swarozgar Yojana (SGSY) As you are aware that Swarnjayanti Gram Swarozgar Yojana (SGSY) is a major poverty alleviation and employment generation programme of the Government of India, implemented in the rural areas of the country, focuses on Group
Feb 22, 2005
Withdrawn w.e.f. 16/11/2021
Clean Note Policy - Sorting of banknotes
RBI / 2004-05 /372 DCM(NPD) No. 402 /09.39.00/2004-05 February 22, 2005The Chairman / Managing Director, All Banks having currency chests.Dear Sir, Clean Note Policy - Sorting of banknotes As you are aware in order to achieve the objectives of the Clean Note Policy and with the intention of salvaging re-issuable banknotes, banks had been issued directives vide DBOD No. Dir. 42 /13.03.00/2001-02 dated November 7, 2001, instructing, inter alia, to sort banknotes into is
RBI / 2004-05 /372 DCM(NPD) No. 402 /09.39.00/2004-05 February 22, 2005The Chairman / Managing Director, All Banks having currency chests.Dear Sir, Clean Note Policy - Sorting of banknotes As you are aware in order to achieve the objectives of the Clean Note Policy and with the intention of salvaging re-issuable banknotes, banks had been issued directives vide DBOD No. Dir. 42 /13.03.00/2001-02 dated November 7, 2001, instructing, inter alia, to sort banknotes into is
Feb 01, 2005
Withdrawn w.e.f. 21/05/2024
Implementation of Risk-based internal audit (RBIA) in banks
Ref. RBI 2004-05 /356 DBS.CO.PP.BC. 17/11.01.005/2004-05 February 1, 2005 All Scheduled Commercial Banks (Except Regional Rural Banks) Dear Sirs, Implementation of Risk-based internal audit (RBIA) in banks As you would recall the guidelines relating to risk-based internal audit were issued by us on December 27, 2002 vide our letter DBS.CO.PP.BC.10 /11.01.005/2002-03. A review of the implementation of the risk-based internal audit in various banks has revealed that the
Ref. RBI 2004-05 /356 DBS.CO.PP.BC. 17/11.01.005/2004-05 February 1, 2005 All Scheduled Commercial Banks (Except Regional Rural Banks) Dear Sirs, Implementation of Risk-based internal audit (RBIA) in banks As you would recall the guidelines relating to risk-based internal audit were issued by us on December 27, 2002 vide our letter DBS.CO.PP.BC.10 /11.01.005/2002-03. A review of the implementation of the risk-based internal audit in various banks has revealed that the
Jan 15, 2005
Withdrawn w.e.f. 13/05/2022
Changes in the list of reserved items for exclusive manufacture in the Small Scale Sector
RBI/2004-05/346 RPCD/PLNFS/BC. No. 73 /06.02.31/2004-05 January 15, 2005The Chairman/Managing Director All Scheduled Commercial Banks (including RRBs )Dear Sir, Notification No.S.O.1169 (E) dated 20.10.2004 regarding-changes in the list of reserved items for exclusive manufacture in the Small Scale Sector. Please refer to our circular RPCD/PLNFS/BC.No.23/06.02.31/2003-04 dated 15 September 2003 on the captioned subject.2.We advise that Government of India, Ministry of
RBI/2004-05/346 RPCD/PLNFS/BC. No. 73 /06.02.31/2004-05 January 15, 2005The Chairman/Managing Director All Scheduled Commercial Banks (including RRBs )Dear Sir, Notification No.S.O.1169 (E) dated 20.10.2004 regarding-changes in the list of reserved items for exclusive manufacture in the Small Scale Sector. Please refer to our circular RPCD/PLNFS/BC.No.23/06.02.31/2003-04 dated 15 September 2003 on the captioned subject.2.We advise that Government of India, Ministry of
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