Settlement of Claims of Deceased Depositor - Simplification of Procedure – Placing of claim forms on bank’s website
Posted Date : 06-Sep-2013 , 07:27:29 am | Posted By: CASANSAAR
RBI/2013-14/229UBD.BPD.(PCB)CIR No. 10/13.01.000/2013-14
September 5, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Settlement of Claims of Deceased Depositor - Simplificationof Procedure – Placing of claim forms on bank’s website
Please refer to our circularUBD.BPD.(PCB).Cir.No.32/13.01.000/2012-13 dated January 21, 2013advising all Urban Co-operative Banks (UCBs) to instruct their branches to follow simplified procedure for settleme...
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RBI |
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Procedure and Guidelines for Import of Gold and Gold Dore Bars
Posted Date : 04-Sep-2013 , 08:06:23 pm | Posted By: CASANSAAR
Circular No.34/2013-Cus
DGEP/EOU/G&J/16/2009
Govt. of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Directorate General of Export Promotion
New Delhi, the 4thSeptember, 2013
All Chief Commissioners of Customs/Central Excise,
All Commissioners of Customs /Central Excise
Madam /Sir,
Sub: Import of Gold and Gold Dore Bars- Procedure and Guidelines.
Reference is invited to Board's Circular No. 28/2009 dated 14.10.2009 regarding pro...
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Custom |
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Secondary Market Transactions in Government Securities - Intra-day short selling
Posted Date : 04-Sep-2013 , 08:02:59 pm | Posted By: CASANSAAR
RBI/2013-2014/226UBD.BPD. (PCB). Cir.No.9/09.29.000/2013-14
September 4, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Secondary Market Transactions in GovernmentSecurities - Intra-day short selling
Please refer to ourcircular UBD.BPD.PCB.Cir.39/09.29.00/2002-03 dated March 13, 2003, in terms of which Urban Co-operative Banks were permitted to trade in Government Securities on the Stock Exchanges, but were not permitted to undertake short selling...
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RBI |
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Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme
Posted Date : 04-Sep-2013 , 08:02:12 pm | Posted By: CASANSAAR
RBI/2013-14/225A.P.(DIR Series) Circular No.35
September 04, 2013
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme.
Madam/ Dear Sir,
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme
Please refer to ourA.P.(DIR Series) Circular No. 102 dated May 02, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financ...
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FEMA |
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Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities
Posted Date : 04-Sep-2013 , 08:00:41 pm | Posted By: CASANSAAR
RBI/2013-14/224A.P. (DIR Series) Circular No.34
September 04, 2013
To,
All Authorised Persons
Madam/ Dear Sir,
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities
Please refer to ourA.P.(DIR Series) Circular No. 101 dated May 02, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction.
2. Financial Action Task Force (FATF) has updated its Statement on the subject and document 'Improving Global...
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FEMA |
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Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
Posted Date : 04-Sep-2013 , 07:59:56 pm | Posted By: CASANSAAR
RBI/2013-14/223A.P. (DIR Series) Circular No. 33
September 04, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985between Government of India and erstwhile USSR
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No.26 dated August 14, 2013, wherein the Rupee value of the Special Currency Basket was indicated as Rs.83.45023 effective from August12, 2013.
2. A...
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FEMA |
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Liberalized Remittance Scheme – Clarifications
Posted Date : 04-Sep-2013 , 07:59:11 pm | Posted By: CASANSAAR
RBI/2013-14/222A.P. (DIR Series) Circular No.32
September 04, 2013
To
All Authorised Dealer Category-I Banks
Madam / Sir,
Liberalized Remittance Scheme – Clarifications
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to theA.P. (DIR Series) Circular No. 24 dated August 14, 2013. In this connection, Reserve Bank has been receiving queries from the various stakeholders and Authorised Dealer banks. All such queries have been collated and are given at thean...
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FEMA |
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External Commercial Borrowings (ECB) from the foreign equity holder
Posted Date : 04-Sep-2013 , 07:58:20 pm | Posted By: CASANSAAR
RBI/2013-14/221A.P. (DIR Series) Circular No.31
September 04, 2013
ToAll Authorised Dealer Category-I Banks
Madam / Sir,
External Commercial Borrowings (ECB) from the foreign equity holder
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to theA.P. (DIR Series) Circular No. 5 dated August 1, 2005, as amended from time to time, relating to the External Commercial Borrowings (ECB).
2. As per the extant ECB policy, borrowings in the form of ECB cannot be utilized for...
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FEMA |
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Overseas Direct Investments – Rationalization/Clarifications
Posted Date : 04-Sep-2013 , 07:57:00 pm | Posted By: CASANSAAR
RBI/2013-14/220A.P. (DIR Series) Circular No.30
September 04, 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Overseas Direct Investments – Rationalization/Clarifications
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to theA.P. (DIR Series) Circular No. 23 dated August 14, 2013and theNotification No. FEMA.120/RB-2004 dated July 7, 2004, as amended from time to time. In this connection, Reserve Bank has been receiving queries from various s...
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FEMA |
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Settlement of Claims of Deceased Depositor – Simplification of Procedure – Placing of claim forms on bank’s website
Posted Date : 03-Sep-2013 , 07:33:43 pm | Posted By: CASANSAAR
RBI/2013-14/214DBOD.No.Leg.BC.48/09.07.005/2013-14
September 03, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam,
Settlement of Claims of Deceased Depositor – Simplification of Procedure – Placing of claim forms on bank’s website
Please refer tocircular DBOD.No.Leg.BC.95 /09.07.005/2004-05 dated June 09, 2005wherein simplified procedure has been specified for settlement of claims of deceased depositors. We have been receiving feedback from public that ba...
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RBI |
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Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
Posted Date : 03-Sep-2013 , 07:32:52 pm | Posted By: CASANSAAR
RBI/2013-14/215UBD.BPD.(PCB) CIR No.8/13.01.000/2013-14
September 3, 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Deregulation of Interest Rates onNon-Resident (External) Rupee (NRE) Deposits
Please refer to ourcircular UBD.BPD.(PCB) CIR No.16/13.01.000/2011-12 dated December 28, 2011on Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non- Resident (NRO) Accounts.
2. In terms of paragraph 2 ibid, interest...
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RBI |
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Sharing of Information Technology Resources by Banks - Guidelines
Posted Date : 03-Sep-2013 , 07:32:03 pm | Posted By: CASANSAAR
RBI/2013-14/216DIT.CO (Policy) No.674/09.63.025/2013-14
August 30, 2013
The Chairman/Chief Executive OfficersAll Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam
Sharing of Information Technology Resources by Banks - Guidelines
Please refer toparagraph 101of the Monetary Policy Statement 2013-14 wherein the need for banks to examine the issue of shared IT resources to optimise costs while maintaining the desired levels of efficiency and security has been emphasised.
2. One of the ...
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RBI |
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Housing Sector: Innovative Housing Loan Products – Upfront disbursal of housing loans
Posted Date : 03-Sep-2013 , 07:31:17 pm | Posted By: CASANSAAR
RBI/2013-14/217DBOD.BP.BC.No. 51/08.12.015/2013-14
September 3, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Housing Sector: Innovative Housing Loan Products – Upfront disbursal of housing loans
It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the disbursals to various stages of con...
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RBI |
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Disclosure of customer complaints and unreconciled balances on account of ATM transactions
Posted Date : 03-Sep-2013 , 07:30:18 pm | Posted By: CASANSAAR
RBI/2013-14/218DBOD.BP.BC.No. 49/21.04.018/2013-14
September 3, 2013
The Chairman and Managing Director/Chief Executive Officer ofall Commercial Banks(Excluding Regional Rural Banks)
Dear Sir
Disclosure of customer complaints and unreconciled balances on account of ATM transactions
Please refer to ourcircular DBOD.No.Leg BC.60/09.07.005/2006-07 dated February 22, 2007on Analysis and Disclosure- Disclosure of Complaints / Unimplemented Awards of Banking Ombudsmen along with Financial Results...
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RBI |
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Base Rate – Revised Guidelines
Posted Date : 02-Sep-2013 , 08:28:12 pm | Posted By: CASANSAAR
RBI/2013-14/211DBOD.No.Dir. BC.47/13.03.00/ 2013-14
September 2 , 2013
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir/ Madam
Base Rate – Revised Guidelines
Please refer to ourcircular DBOD. No. Dir. BC. 88/ 13.03.00/ 2009-10 dated April 9, 2010whereby banks were advised to switch over to the Base Rate system for calculation of their lending rates with effect from July 1, 2010. In terms of paragraph 2(iii) thereof, in order to give banks some time to stabilize the sy...
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RBI |
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Foreign students studying in India – KYC procedure for opening of bank accounts
Posted Date : 02-Sep-2013 , 08:27:04 pm | Posted By: CASANSAAR
RBI/2013-14/210DBOD.AML.BC.No.45/14.01.001/2013-14
September 2, 2013
The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions
Dear Sir,
Foreign students studying in India – KYC procedure for opening of bank accounts
It has been represented to us that foreign students arriving in India are facing difficulties in complying with the Know Your Customer (KYC) norms while opening a bank account due to non-availability...
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RBI |
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Unmatched TDS challans in form 26AS to be verified & corrected by 31-12-2013 : CBDT
Posted Date : 02-Sep-2013 , 07:57:46 am | Posted By: CASANSAAR
INSTRUCTION NO 11/2013, Dated: 27 August, 2013
Subject: – Action on Unmatched Challans reflected in Form 26AS –directionof the Hon’ble Delhi HC in the case ‘Court on Its Own Motion vs. UOI & Ors in WP(C) 2659/2012 & WP(C) 5443/2012′- regarding
1. The. Hon’ble Delhi High Court vide its judgement in the case‘Court On its Own Motion vs. UOI and Ors’ (W.P. (C) 2659/2012 & W.P. (C) 5443/2012 dated 14.03.2013) has issued seven mandamuse...
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Income Tax |
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8% Savings (Taxable) Bonds, 2003 - Premature Encashment
Posted Date : 30-Aug-2013 , 09:21:04 pm | Posted By: CASANSAAR
RBI/2013-14/206DGBA.CDD. No. 1448/13.01.299/2013-14
August 30, 2013
The Chairman / Managing DirectorHead Office (Government Accounts Department)State Bank of India and AssociatesAll Nationalized Banks(Excluding Punjab and Sind Bank & Andhra Bank)Axis Bank Ltd./ICICI Bank Ltd./HDFC Bank Ltd./Stock Holding Corporation of India Ltd. (SHCIL)
Dear Sir/Madam,
8% Savings (Taxable) Bonds, 2003 - Premature Encashment
The captioned bonds, issued with effect from April 21, 2003, vide Government of...
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RBI |
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Donations to Trusts and Institutions where Directors, their relatives hold position or are interested
Posted Date : 30-Aug-2013 , 09:20:23 pm | Posted By: CASANSAAR
RBI/2013-14/205UBD.BPD.(PCB).Cir. No. 7/09.72.000//2013-14
August 30, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Donations to Trusts and Institutions whereDirectors, their relatives hold position or are interested
Please refer to ourCircular UBD (PCB)/BPD/Cir.43/09.72.00/2004-05 dated April 11, 2005, in terms of which Urban Co-operative Banks (UCBs) were advised that the normal donations to be made during a year should be restricted to a ceiling o...
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RBI |
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ST 3 Return due date for Oct. 12 to March 13 extended upto 10th Sept 13
Posted Date : 30-Aug-2013 , 04:16:39 pm | Posted By: CASANSAAR
F.No.137/99/2011-Service TaxGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise & Customs***New Delhi, dated the 30th August, 2013Order No: 4/2013-Service TaxIn exercise of the powers conferred by sub-rule(4) of rule 7 of the Service Tax Rules, 1994, the Central Board of Excise & Customs hereby extends the date of submission of the Form ST-3 for the period from 1st October 2012 to 31st March 2013, from 31st August, 2013 to 10th September, 2013.The circumsta...
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Service Tax |
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Exemption from maintenance of CRR/SLR and exclusion from ABC for Priority Sector Lending
Posted Date : 28-Aug-2013 , 08:15:23 am | Posted By: CASANSAAR
RBI/2013-14/203UBD.BPD.(PCB) CIR No. 5/13.01.000/2013-14
August 27, 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Section 42(1) of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 (AACS) – FCNR (B)/NRE deposits - Exemption from maintenance of CRR/SLR and exclusion from ABC for Priority Sector Lending
At present, banks are required to include all Foreign Currency Non-Resident Bank [FCNR (B)] ...
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RBI |
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Compliance with Credit Information Companies (Regulation) Act, 2005
Posted Date : 28-Aug-2013 , 08:14:10 am | Posted By: CASANSAAR
RBI/2013-14/202UBD CO BPD PCB Cir.No.4/16.74.000/2013-14
August 27, 2013
The Chief Executive OfficerAll Primary Urban Co-operative Banks
Dear Sir / Madam,
Compliance with Credit Information Companies (Regulation) Act, 2005
Please refer to circularUBD BPD (PCB) Cir.No.25/09.11.200/2009-10 dated December 3, 2009in terms of which it was advised that as UCBs fall under the category of credit institutions as defined in sub section (f) of Section 2 of the Credit Information Companies (Regul...
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RBI |
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Rupee Export Credit - Interest Subvention
Posted Date : 27-Aug-2013 , 08:11:12 am | Posted By: CASANSAAR
RBI/2013-14/200DBOD.Dir.BC.No.43 /04.02.001/2013-14
August 26, 2013
All Scheduled Commercial Banks and Exim Bank(excluding RRBs)
Dear Sir/ Madam,
Rupee Export Credit - Interest Subvention
Please refer to our circularsDBOD.Dir.BC.No.70/04.02.001/2012-13 dated January 14, 2013andDBOD.Dir.BC.No.94/04.02.001/2012-13 dated May 24, 2013wherein interest subvention of 2% was extended w.e.f. 01.04.2013 to 31.03.2014 on pre and post shipment rupee export credit for certain employment oriented...
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RBI |
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Reporting of OTC transactions in Securitized Debt Instruments
Posted Date : 27-Aug-2013 , 08:10:24 am | Posted By: CASANSAAR
RBI/2013-14/201IDMD.PCD. 06 /14.03.06/ 2013-14
August 26, 2013
To
All RBI regulated entities
Dear Sir/Madam
Reporting of OTC transactions in Securitized Debt Instruments
As a measure to develop the securitized debt market and improve transparency, the reporting of Over The Counter (OTC) transactions in Securitized Debt Instruments has been enabled in Fixed Income Money Market and Derivatives Association of India (FIMMDA) reporting platform.
2. All entities regulated by the Reser...
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RBI |
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Clarification regarding Customs Duty Exemption for Import of Ash Handling Systems, Water Treatment Plant and Coal Transportation Facilities etc. Required for Ultra-Mega/ Mega Power Projects under Heading 9801(Project Imports)
Posted Date : 23-Aug-2013 , 07:39:57 pm | Posted By: CASANSAAR
Circular No. 33/2013-Customs
F.No.354/94/2011 -TRU
Government of India
Ministry of Finance
(Department of Revenue)
Tax Research Unit
*****
New Delhi, dated the 23thAugust, 2013
To,
All Chief Commissioners of Customs.
All Chief Commissioners of Customs & Central Excise.
All Chief Commissioners of Central Excise.
All Directors General of CBEC.
Sub: - Customs Duty Exemption for Import of Ash Handling Systems, Water Treatment Plant and Coal Transportation Facilities etc. Require...
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Category :
Custom |
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Adoption of Uniform Holiday Calendar under Cheque Truncation System (CTS)
Posted Date : 23-Aug-2013 , 07:38:19 pm | Posted By: CASANSAAR
RBI/2013-14/199DPSS.CO.CHD.No./458/ 04.07.05 / 2013-14
August 23, 2013
The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks/Local Area Banks
Madam / Dear Sir
Adoption of Uniform Holiday Calendar under Cheque Truncation System (CTS)
Grid-based Cheque Truncation System (CTS) has been launched in Chennai and Mumbai covering several States/Union ...
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RBI |
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Investment portfolio of banks – Classification, Valuation and Provisioning
Posted Date : 23-Aug-2013 , 07:24:10 pm | Posted By: CASANSAAR
RBI/2013-14/198DBOD.BP.BC.No. 41/21.04.141/2013-14
August 23, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Investment portfolio of banks – Classification, Valuation and Provisioning
Please refer to ourCircular DBOD.No.BP.BC.92/21.04.141/2012-13 dated May 15, 2013on ‘SLR Holdings under Held to Maturity Category’ in terms of which banks are permitted to exceed the limit of 25 per cent of total investments under the Held to Maturity (HTM) category pro...
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RBI |
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Notification no.64 S.O. 2493(E).
Posted Date : 21-Aug-2013 , 07:29:05 pm | Posted By: CASANSAAR
S.O. 2493(E).– In exercise of the powers conferred by clause (48) of Section 10 read withSection 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard tothe national interest, hereby notifies for the purposes of the said clause, the National Iranian OilCompany, as the foreign company and the Memorandum of Understanding entered between theGovernment of India in the Ministry of Petroleum and Natural Gas and the Central Bank of Iranon the 20th day of January, 201...
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Income Tax |
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Interest Rates on FCNR(B) Deposits
Posted Date : 20-Aug-2013 , 07:50:20 pm | Posted By: CASANSAAR
RBI/2013-14/194RPCD.CO.RRB.BC.No.22 /03.05.33/2013-14
August 19, 2013
All Regional Rural Banks
Dear Sir,
Interest Rates on FCNR(B) Deposits
Please refer to ourcircular RPCD.CO.RRB.No.76/03.05.33(C)/2011-12 dated May 8, 2012on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that until further notice and with effect from the close of business in India as on August 14, 2013, the interest rate ceiling on FCNR(B) Dep...
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RBI |
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Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
Posted Date : 20-Aug-2013 , 07:48:59 pm | Posted By: CASANSAAR
RBI/2013-14/193RPCD.CO.RRB. BC.No.24/03.05.33/2013-14
August 19, 2013
The ChairmenAll Regional Rural Banks (RRBs)
Dear Sir/Madam,
Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
Please refer to ourcircular RPCD.CO.RRB.BC.No.45/03.05.33(C)/2011-12 dated December 19, 2011on Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non- Resident (NRO) Accounts.
2. In terms of para 2 ibid, interest rates offered by bank...
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RBI |
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