Settlement of Claims of Deceased Depositor
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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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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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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Housing Sector: Innovative Housing Loan Products
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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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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Base Rate
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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Foreign students studying in India
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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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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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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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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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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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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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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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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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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Investment portfolio of banks
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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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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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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Investments by Non-resident Indians (NRIs) under Portfolio Investment Scheme (PIS) Liberalisation of Policy
Posted Date : 20-Aug-2013 , 07:47:33 pm | Posted By: CASANSAAR
RBI/2013-14/192A. P. (DIR Series) Circular No.29
August 20, 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Investments by Non-resident Indians (NRIs)under Portfolio Investment Scheme (PIS)Liberalisation of Policy
Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to Schedule 3 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA 20/2000-RB dated ...
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FEMA |
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Foreign Investments in Asset Reconstruction Companies (ARC)
Posted Date : 19-Aug-2013 , 08:02:22 pm | Posted By: CASANSAAR
RBI/2013-14/191A.P. (DIR Series) Circular No.28
August 19, 2013
ToAll Banks Authorised to Deal in Foreign Exchange
Madam/Sir,
Foreign Investments in Asset Reconstruction Companies (ARC)
Attention of Authorized Dealers is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified by the Reserve Bank of India videNotification No.20 dated 3rd May 2000as amended from time to time andA.P.(DIR Series) Circular N...
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FEMA |
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FCNR(B)/NRE deposits
Posted Date : 19-Aug-2013 , 08:00:31 pm | Posted By: CASANSAAR
RBI/2013-14/190RPCD.CO.RRB/RCB.BC.No. 20 /03.05.33/2013-14
August 19, 2013
All Regional Rural Banks/Scheduled State Cooperative Banks
Dear Sir,
Section 42(1) of the Reserve Bank of India Act, 1934 and Section 24 of the Banking Regulation Act, 1949 – FCNR(B)/NRE deposits – exemption from maintenance of CRR/SLR
At present, banks are required to include all Foreign Currency Non-Resident Bank [FCNR (B)] and Non-Resident (External) Rupee (NRE) deposit liabilities for computa...
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RBI |
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CBDT constitutes DRP panels at specified jurisdictions
Posted Date : 18-Aug-2013 , 01:02:44 am | Posted By: Vinay Sharma
SECTION 144C OF THE INCOME-TAX ACT, 1961 - DISPUTE RESOLUTION PANEL (DRP) - REFERENCE TO - RECONSTITUTION OF DRP AT SPECIFIED AREAS OF JURISDICTION
ORDER NO. 1/FT&TR/2013 [F.NO.500/15/2011-FT&TR-I],DATED 13-8-2013
In exercise of powers conferred by clause (a) of sub-section (15) of Section 144C of the' Income-tax Act, 1961 [43 of 1961) r/w Income-tax (Dispute Resolution Panel) Rules, 2009, as amended by Notification No.33/2012 (F.No. 133/13/2012-SO(TPL)/SO1967(E), dated 24-8-2012, and...
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Income Tax |
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Norms for Spices under Advance Authorization
Posted Date : 18-Aug-2013 , 01:02:06 am | Posted By: Vinay Sharma
Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi
Policy Circular No. 05 (RE- 2013) /2009-2014
Dated: 14thAugust, 2013
To
All Regional Authorities (RAs) of DGFT
Spices Board
All Commissioners of Customs
Members of Trade
Subject: Norms for Spices under Advance Authorization.
Reference: ALC Circular No. 04/2003 dated 21.11.2003 & ALC Circular No. 01/2004 dated 31.05.2004.
As per circulars cit...
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DGFT |
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Export Policy of Onions
Posted Date : 18-Aug-2013 , 01:01:32 am | Posted By: Vinay Sharma
(To be Published in the Gazette of India Extraordinary Part-II]
Section - 3, Sub-Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No 35 (RE-2013)/2009-2014
New Delhi, Dated 14thAugust, 2013
Subject:- Export Policy of Onions.
S.O. (E) -In exercise of powers conferred bySection 5of theForeign Trade (Development& Regulation) Act, 1992 (No. 22 of 1992)read withPara 2.1of theForeign Trade Policy, 2009-2014, the Central ...
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DGFT |
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Rate of exchange of conversion of each of the foreign currency with effect from August 15, 2013
Posted Date : 18-Aug-2013 , 01:01:10 am | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3,
SUB-SECTION (ii), EXTRAORDINARY]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
NOTIFICATION NO.83/2013-CUSTOMS (N.T.)
DATED THE 14thAugust, 2013
23 Shravana, 1935(SAKA)
S.O. (E). –In exercise of the powers conferred bysection 14of theCustoms Act, 1962 (52 of 1962),and in super session of thenotification of the Government of India in the Ministry of Finance (Department ...
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Custom |
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Exim Bank\'s Line of Credit to the Government of the Union of Comoros
Posted Date : 18-Aug-2013 , 12:59:31 am | Posted By: Vinay Sharma
RBI/2013-14/189A.P. (DIR Series) Circular No.27
August 16, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 41.60 million tothe Government of the Union of Comoros
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated February 22, 2013 with the Government of the Union of Comoros, for making available to the latter, a Line of Credit (LOC) of USD 41.60 million (USD Forty one million and six hundred thousand only) for financ...
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Deferred Payment Protocols between Government of India and erstwhile USSR
Posted Date : 18-Aug-2013 , 12:59:13 am | Posted By: Vinay Sharma
RBI/2013-14/188A.P. (DIR Series) Circular No.26
August 14, 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.05 dated July 08, 2013, wherein the Rupee value of the Special Currency Basket was indicated as Rs.80.972091 effective from June 25, 2013.
2. AD Cate...
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