Withdrawal of cash from bank deposit accounts - Relaxation
Posted Date : 29-Nov-2016 , 08:21:00 am | Posted By: CASANSAAR
RBI/2016-17/163
DCM.No.1437/10.27.00/2016-17
November 28, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks /
Regional Rural Banks / Urban Cooperative Banks/
State Cooperative Banks/ District Central Cooperative Banks
Dear Sir,
Withdrawal of cash from bank deposit accounts - Relaxation
It has been reported that certain depositors are hesitating to deposit their monies into bank accounts in view of the curr...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1162
|
 |
Chest Guarantee Scheme for Specified Bank Notes (SBNs) - CGSS
Posted Date : 28-Nov-2016 , 08:12:20 am | Posted By: CASANSAAR
RBI/2016-17/160
DCM (Plg) No. 1430/10.27.00/2016-17
November 27, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks
Dear Sir,
Chest Guarantee Scheme for Specified Bank Notes (SBNs) - CGSS
Please refer to ourcircular DCM (Plg) No.1383/10.27.00/2016-17 dated November 24, 2016on “Specified Bank Notes (SBNs) - Deposit under Guarantee ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1565
|
|
Reserve Bank of India Act, 1934 – Section 42(1A) Requirement for maintaining additional CRR
Posted Date : 28-Nov-2016 , 08:11:28 am | Posted By: CASANSAAR
RBI/2016-17/159
DBR.No.Ret.BC.41/12.01.001/2016-17
November 26, 2016
The Chairperson / CEOs of all Scheduled Commercial Banks/ Regional Rural Banks /
All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks
Dear Sir,
Reserve Bank of India Act, 1934 – Section 42(1A)
Requirement for maintaining additional CRR
Under section 42(1) of Reserve Bank of India Act, 1934, all Scheduled Banks are required to maintain with Reserve Bank of India a Cash...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 877
|
|
FEMA Circular - Exchange facility to foreign citizens
Posted Date : 25-Nov-2016 , 09:51:42 pm | Posted By: CASANSAAR
RBI/2016-17/157
A.P. (DIR Series) Circular No.20
November 25, 2016
To
All Authorised Persons
Madam / Sir,
Exchange facility to foreign citizens
Attention of Authorized Persons is invited to theA.P. (DIR Series) Circular No. 16 dated November 9, 2016giving certain exemptions to foreign tourists visiting India. In supersession of instructions issued therein, it has been decided that foreign citizens (i.e. foreign passport holders) can exchange foreign exchange for Indian currenc...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1045
|
|
Discontinuation of over the Counters Exchange of SBN
Posted Date : 25-Nov-2016 , 08:15:58 am | Posted By: CASANSAAR
RBI/2016-17/155
DCM (Plg) No.1391/10.27.00/2016-17
November 24, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks
Dear Sir,
Discontinuation of over the Counters Exchange of SBN
Please refer to ourcircular DCM (Plg) No.1302/10.27.00/2016-17 dated November 17, 2016on “Withdrawal of Legal Tender Character of existing ₹ 500 and ₹...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 890
|
|
Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel
Posted Date : 25-Nov-2016 , 08:15:13 am | Posted By: CASANSAAR
RBI/2016-17/154
DCM (Plg) No.1384/10.27.00/2016-17
November 24, 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-operative Banks
Dear Sir,
Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel
In view of the withdrawal of legal tender character of the Specified Banknote...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 853
|
|
Specified Bank Notes (SBNs) - Deposit under Guarantee Scheme to decongest the storage facilities at banks
Posted Date : 25-Nov-2016 , 08:14:20 am | Posted By: CASANSAAR
RBI/2016-17/153
DCM (Plg) No.1383/10.27.00/2016-17
November 24, 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
Dear Sir,
Specified Bank Notes (SBNs) - Deposit under Guarantee Scheme to decongest the storage facilities at banks
As you ar...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 945
|
|
Special knowledge or practical experience useful to banking companies
Posted Date : 25-Nov-2016 , 08:08:30 am | Posted By: CASANSAAR
RBI/2016-17/152
DBR.Appt.BC.No.39/29.39.001/2016-17
November 24, 2016
All Commercial Banks excluding RRBs
Dear Sir / Madam,
Special knowledge or practical experience useful to banking companies
In the backdrop of innovations in banking and technology, it is felt that the domain knowledge and experience enumerated under various statutory provisions for the directors on the boards of commercial banks (excluding RRBs) need to be augmented by knowledge and experience in other special...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 965
|
|
Deposit of specified banknotes (SBN) in Small Savings Schemes
Posted Date : 24-Nov-2016 , 07:56:54 am | Posted By: CASANSAAR
RBI/2016-17/151
DCM (Plg) No.1351/10.27.00/2016-17
November 23, 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
Dear Sir,
Deposit of specified banknotes (SBN) in Small Savings Schemes
Please refer to ourcircular DCM (Plg) No.1226/10.27.0...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1081
|
|
Custom Circular - Reducing/eliminating printouts in Customs Clearance
Posted Date : 24-Nov-2016 , 07:55:32 am | Posted By: CASANSAAR
Government of India has taken-up a number of initiatives for promoting 'Ease of doing business'. One of the ways to make cargo clearance easier is to reduce the use of paper and to introduce electronic messaging and paperless processing. The Board seeks to ensure that the success achieved over the years in advancing automated clearance processes, EDI messaging and digital signatures translate into a paper-free environment, besides reducing transaction cost...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1045
|
|
Special measures to incentivise Electronic Payments – (i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India (ii) Special measures for merchants
Posted Date : 23-Nov-2016 , 07:52:51 am | Posted By: CASANSAAR
RBI/2016-17/150
DPSS.CO.PD.No.1288/02.14.006/2016-17
November 22, 2016
All Prepaid Payment Instrument Issuers,
System Providers, System Participants
and all other Prospective Prepaid Payment Instrument Issuers
Dear Madam / Sir,
Special measures to incentivise Electronic Payments –
(i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India
(ii) Special measures for merchants
Following the withdrawal of legal tender characteristics of existing ₹...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 945
|
|
Cash withdrawal for purpose of celebration of wedding – Modification
Posted Date : 23-Nov-2016 , 07:52:06 am | Posted By: CASANSAAR
RBI/2016-17/149
DCM (Plg) No.1346/10.27.00/2016-17
November 22, 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.
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding – Modification
Please refer to thecircula...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1090
|
|
Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Specified Bank Notes (SBNs) – Fraudulent Practices
Posted Date : 23-Nov-2016 , 07:48:48 am | Posted By: CASANSAAR
RBI/2016-17/147
DCM (Plg) No.1341/10.27.00/2016-17
November 22, 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
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Fraudulent Practices
It has been brought to our notice that at certain places, few bank branch offi...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1195
|
|
Making cash available for Rabi Crop Season – Advisory to banks
Posted Date : 23-Nov-2016 , 07:47:44 am | Posted By: CASANSAAR
RBI/2016-17/148
DCM (Plg) No.1345/10.27.00/2016-17
November 22, 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
Dear Sir,
Making cash available for Rabi Crop Season – Advisory to banks
As you all are aware the Rabi crop season has ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 964
|
|
Revised simplified procedure for fixation of brand rates
Posted Date : 22-Nov-2016 , 10:24:37 pm | Posted By: CASANSAAR
F.No.609/84/2016-DBK
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Drawback Division, New Delhi
Circular No. 54/2016-Customs, Dated: November 22, 2016
To,
Principal Chief Commissioners/ Directors General
Chief Commissioners/ Directors General
Principal Commissioners/Commissioners,
all under CBEC
Subject: Further rationalization of revised simplified procedure for fixation of brand rates
It has been brought to notice...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1014
|
|
CBDT amends Rules relating to business connection of offshore funds
Posted Date : 22-Nov-2016 , 10:21:15 pm | Posted By: CASANSAAR
S.O. 3498(E).—In exercise of the powers conferred by section 295 read with section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 968
|
|
Withdrawal of Legal Tender Character of existing Rs. 500/- and Rs.1000/- Bank Notes – Revisions
Posted Date : 22-Nov-2016 , 08:20:06 am | Posted By: CASANSAAR
RBI/2016-17/146
DCM (Plg) No.1323/10.27.00/2016-17
November 21, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private 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,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Revisions
Please refer to ourCircular No.DCM (Plg) No.1226...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1535
|
|
RBI Circular - Cash withdrawal for purpose of celebration of wedding
Posted Date : 22-Nov-2016 , 08:18:57 am | Posted By: CASANSAAR
RBI/2016-17/145
DCM (Plg) No.1320/10.27.00/2016-17
November 21, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding
Please refer to ourCircula...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 962
|
|
Withdrawal of Legal Tender Character of Specified Bank Notes – Cash Withdrawal Limit
Posted Date : 22-Nov-2016 , 08:17:55 am | Posted By: CASANSAAR
RBI/2016-17/142
DCM (Plg) No.1317/10.27.00/2016-17
November 21, 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 Cooperative Banks
Dear Sir,
Withdrawal of Legal Tender Character of Specified Bank Notes –
Cash With...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1040
|
|
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Posted Date : 22-Nov-2016 , 08:16:45 am | Posted By: CASANSAAR
RBI/2016-17/143
DBR.No.BP.BC.37/21.04.048/2016-17
November 21, 2016
All Entities Regulated by the Reserve Bank of India
Madam / Dear Sir,
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
It has been represented to us that consequent upon withdrawal of the legal tender status of the existing ₹ 500 and ₹ 1,000 notes (SBN) small borrowers may need some more time to repay their loan dues. Taking these representations into consid...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1076
|
|
MCA amends Depreciation schedule of Companies Act
Posted Date : 18-Nov-2016 , 10:11:53 pm | Posted By: CASANSAAR
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART
II, SECTION 3, SUB-SECTION OA
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
Notification
New Delhi, 17th November, 2016
G.S.R. 1075(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments to amend Schedule II to the said Act, namely:‑
1. In the Companies Act, 2013, in Schedule I...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 2884
|
|
Cash Withdrawal at Point-of-Sale (POS) - Withdrawal limits and customer fee/charges - Relaxation
Posted Date : 18-Nov-2016 , 10:06:25 pm | Posted By: CASANSAAR
RBI/2016-17/140
DPSS.CO.PD.No.1280/02.14.003/2016-17
November 18, 2016
The Chairman and Managing Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks /
State Co-operative Banks / District Central Co-operative Banks /
All Card Network Providers
Dear Madam / Sir,
Cash Withdrawal at Point-of-Sale (POS) - Withdrawal limits and customer fee/charges - Relaxation
A reference is invited to our circularsDPSS.CO.PD.No.147/02.14.003...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 975
|
|
Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Bank Notes – Exchange over the counters
Posted Date : 18-Nov-2016 , 07:53:57 am | Posted By: CASANSAAR
RBI/2016-17/139
DCM (Plg) No.1302/10.27.00/2016-17
November 17, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Exchange over the counters
Please refer to ourCircular No. DCM (Plg) No.1226/10.27.00/2016-17 dat...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 982
|
|
Investment by Foreign Portfolio Investors (FPI) in corporate debt securities
Posted Date : 18-Nov-2016 , 07:53:08 am | Posted By: CASANSAAR
RBI/2016-17/138
A.P. (DIR Series) Circular No.19
November 17, 2016
To,
All Category – I Authorised Dealer banks
Madam / Sir,
Investment by Foreign Portfolio Investors (FPI) in corporate debt securities
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to paragraph 1 of Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No.FEMA 20/2...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1038
|
|
Foreign Exchange Management (Insurance) Regulations, 2015
Posted Date : 18-Nov-2016 , 07:52:01 am | Posted By: CASANSAAR
RBI/2016-17/137
A.P. (DIR New Series) Circular No.18 [(1)/12 (R)]
November 17, 2016
To
All Category - I Authorised Dealer Banks
Madam/ Sir
Foreign Exchange Management (Insurance) Regulations, 2015
Attention of Authorised Dealers (ADs) is invited toA.D (M.A. Series) Circular No. 11 dated May 16, 2000in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued under the Foreign Exchange Management Act, 1999 (hereinafter referred to as the Act)...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1100
|
|
Withdrawal of Legal Tender Character of Specified Bank Notes – Compliance with provisions of 114B of the Income Tax Rules, 1962
Posted Date : 16-Nov-2016 , 05:23:29 pm | Posted By: CASANSAAR
RBI/2016-17/135
DCM (Plg) No.1287/10.27.00/2016-17
November 16, 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
Dear Sir,
Withdrawal of Legal Tender Character of Specified Bank Notes –
Compliance with provisions of 114B of the Income Tax Rules, 1962
Please refer to ourCircular DCM (Plg) No.1226/10.27.00/2016-17 dated November ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1812
|
|
Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch Licensing - Census data 2011
Posted Date : 16-Nov-2016 , 05:22:34 pm | Posted By: CASANSAAR
RBI/2016-17/134
DBR.RRB.BC.No.36/31.01.002/2016-17
November 16 , 2016
All Regional Rural Banks
Dear Sir / Madam,
Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch
Licensing - Census data 2011
Please refer to our Master circular on Branch LicensingDBR.CO.RRB.BL.BC.No.17/31.01.002/2015-16 dated July 1, 2015. As the Census data for 2011 are available in public domain, Regional Rural Banks are advised to follow Census 2011 for all purposes of categorisations...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1029
|
|
Deferred payment of Customs duty - CBEC
Posted Date : 16-Nov-2016 , 10:05:04 am | Posted By: CASANSAAR
Kind attention is invited to Customs Notification No. 134/2016-Customs (N.T) & 135/2016-Customs (N.T.) dated 2" November, 2016 permitting Importers certified under Authorized Economic Operator Programme as AEO (Tier-Two) and AEO (Tier-Three) to make deferred payment of duty of Customs....
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 974
|
|
Standard Operating Procedure (SOP) for putting indelible ink on the finger of the customers coming to a bank branch for SBNs
Posted Date : 16-Nov-2016 , 10:01:30 am | Posted By: CASANSAAR
RBI/2016-17/133
DCM (Plg) No.1280/10.27.00/2016-17
November 15, 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
Dear Sir
Standard Operating Procedure (SOP) for putting indelible ink on the finger of the customers coming to a bank branch for SBNs
...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 981
|
|
Usage of ATMs – Waiver of customer charges
Posted Date : 14-Nov-2016 , 08:51:44 pm | Posted By: CASANSAAR
RBI/2016-17/132
DPSS.CO.PD.No.1240/02.10.004/2016-2017
November 14, 2016
The Chairman and Managing Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks /
State Co-operative Banks / District Central Co-operative Banks
White Label ATM Operators
Dear Madam/ Sir,
Usage of ATMs – Waiver of customer charges
A reference is invited to thecircular DPSS.CO.PD.No.316/02.10.002/2014-2015 dated August 14, 2014on rationalisation ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 931
|
|
|
|
