| Notifications/Circulars |
Category : RBI |
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Change in Bank Rate
Posted Date : 05-Oct-2019 , 10:19:14 am | Posted By: CASANSAAR
RBI/2019-20/77
DBR.No.Ret.BC.19/12.01.001/2019-20
October 04, 2019
The Chairperson / CEOs of all Scheduled and Non Scheduled Banks
Dear Sir / Madam
Change in Bank Rate
Please refer to ourcircular DBR.No.Ret.BC.10/12.01.001/2019-20 dated August 07, 2019, on the captioned subject.
2. As announced in theFourth Bi-Monthly Monetary Policy Statement 2019-20 of October 04, 2019, the Bank Rate is revised downwards by 25 basis points from 5.65 per cent to 5.40 per cent with immediate e...
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Marginal Standing Facility
Posted Date : 05-Oct-2019 , 10:18:10 am | Posted By: CASANSAAR
RBI/2019-2020/76
FMOD.MAOG.No.137/01.18.001/2019-20
October 4, 2019
All Marginal Standing Facility (MSF) participants
Madam/Sir,
Marginal Standing Facility
As announced in theFourth Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 5.40 per cent to5.15 per centwith immediate effect.
2. Consequently, the Marginal Sta...
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Liquidity Adjustment Facility – Repo and Reverse Repo Rates
Posted Date : 05-Oct-2019 , 10:17:32 am | Posted By: CASANSAAR
RBI/2019-2020/75
FMOD.MAOG. No.136/01.01.001/2019-20
October 4, 2019
All Liquidity Adjustment Facility (LAF) participants
Madam/Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in theFourth Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 5.40 per cent to5.15 per centwith immediate e...
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RBI |
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Sovereign Gold Bond (SGB) Scheme 2019-20 - Series V/VI/VII/VIII/IX/X - Operational Guidelines
Posted Date : 01-Oct-2019 , 08:59:04 am | Posted By: CASANSAAR
RBI/2019-20/74
IDMD.CDD.No.891/14.04.050/2019-20
September 30, 2019
The Chairman & Managing Director
All Scheduled Commercial Banks
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India ltd.(SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bond (SGB) Scheme 2019-20 - Series V/VI/VII/VIII/IX/X - Operational Guidelines
This has reference to theGoI notification F.No.4(7)-B (W&M)/2019 dated...
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RBI |
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Sovereign Gold Bond Scheme (SGB) 2019-20 Series V/VI/VII/VIII/IX/X
Posted Date : 01-Oct-2019 , 08:57:56 am | Posted By: CASANSAAR
RBI/2019-20/73
IDMD.CDD.No.890/14.04.050/2019-20
September 30, 2019
The Chairman & Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd.(SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bond Scheme (SGB) 2019-20 Series V/VI/VII/VIII/IX/X
Government of India has vide itsNotification F.No.4(7)-B W&M/2019 dated September 30, 2019announ...
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RBI |
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Agency Commission- Furnishing reconciliation certificate - RBI
Posted Date : 26-Sep-2019 , 09:53:37 am | Posted By: CASANSAAR
RBI/2019-20/69
DGBA.GBD.No.648/31.12.007/2019-20
September 25, 2019
All Agency Banks
Dear Sir / Madam
Agency Commission- Furnishing reconciliation certificate
Please refer to ourCircular No RBI/2019-20/21 DGBA.GBD.No.5/31.02.007/2019-20 dated July 31, 2019related to claiming of agency commission based on which agency banks are submitting two certificates to RBI along with the agency commission claims.
2. It is now been decided that agency banks while claiming agency commission...
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RBI |
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Harmonisation of Turn Around Time (TAT) and customer compensation for failed transactions using authorised Payment Systems
Posted Date : 21-Sep-2019 , 09:11:44 am | Posted By: CASANSAAR
RBI/2019-20/67
DPSS.CO.PD No.629/02.01.014/2019-20
September 20, 2019
All Operators and Participants of Authorised Payment Systems
Madam / Dear Sir,
Harmonisation of Turn Around Time (TAT) and customer compensation for failed transactions using authorised Payment Systems
Please refer to theStatement on Developmental and Regulatory policiesissued as part of Monetary Policy statement dated April 4, 20...
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RBI |
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Priority Sector Lending (PSL) – Classification of Exports under priority Sector
Posted Date : 21-Sep-2019 , 09:10:36 am | Posted By: CASANSAAR
RBI/2019-20/66
FIDD.CO.Plan.BC.12/04.09.01/2019-20
September 20, 2019
The Chairman/Managing Director & CEOs
All Scheduled Commercial Banks including SFBs
(Excluding Regional Rural Banks)
Madam/Dear Sir,
Priority Sector Lending (PSL) – Classification of Exports under priority Sector
In order to boost credit to export sector, it has been decided to effect following changes in para 8 of the“Master Direction on Priority Sector Lending-targets and Classification&rdqu...
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RBI |
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RBI issued Revised Guidelines for Concurrent Audit System of Banks
Posted Date : 20-Sep-2019 , 08:37:43 am | Posted By: CASANSAAR
RBI/2019-20/64
DBS.CO.ARS.No.BC.01/08.91.021/2019-20
September 18, 2019
All Scheduled Commercial Banks (other than Regional Rural Banks), Small Finance Banks, Payments Banks and Local Area Banks
Madam/ Dear Sir,
Concurrent Audit System
Please refer tocircular DBS.CO.ARS.No.BC.2/08.91.021/2015-16 dated July 16, 2015on ‘Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines’.
2. As you are aware, concurrent audit aims at shortening the interva...
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RBI |
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Priority Sector Targets - Lending to Non-Corporate Farmers – FY 2019-20
Posted Date : 20-Sep-2019 , 08:34:34 am | Posted By: CASANSAAR
RBI/2019-20/63
FIDD.CO.Plan.BC.No.11/04.09.01/2019-20
September 19, 2019
The Chairman/ Managing Director
Chief Executive Officer
(All Scheduled Commercial Banks including Regional Rural Banks, Small Finance
Banks and Foreign banks with more than 20 branches)
Dear Sir/ Madam,
Priority Sector Targets - Lending to Non-Corporate Farmers – FY 2019-20
Please refer to ourCircular...
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RBI |
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Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967
Posted Date : 20-Sep-2019 , 08:33:54 am | Posted By: CASANSAAR
RBI/2019-20/65
DBR.AML.BC.No.16/14.06.001/2019-20
September 19, 2019
The Chairpersons/CEOs of all the Regulated Entities
Dear Sir/Madam,
Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da’esh) & Al-Qaida Sanctions List
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016 as amended on August 09, ...
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RBI |
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Bharat Bill Payment System - Expansion of biller categories
Posted Date : 17-Sep-2019 , 08:03:16 am | Posted By: CASANSAAR
RBI/2019-20/61
DPSS.CO.PD.No.605/02.27.020/2019-20
September 16, 2019
The Chairman and Managing Director / Chief Executive Officer
Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Payment Banks / Small Finance Banks
Bharat Bill Payment System Providers / System Participants
and prospective Bharat Bill Payment Operating Units
Madam / Dear Sir,
Bharat Bill Payment System - Expansion of biller c...
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RBI |
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Large Exposures Framework
Posted Date : 12-Sep-2019 , 09:30:58 pm | Posted By: CASANSAAR
RBI/2019-20/60
DBR.No.BP.BC.18/21.01.003/2019-20
September 12, 2019
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir/Madam,
Large Exposures Framework
Please refer to paragraph 7 (a) of theStatement on Developmental and Regulatory Policies dated August 7, 2019on ‘Harmonisation of single counterparty exposure limit for banks’ exposures to a single NBFC with general single counterparty exposure limit’ (extract enclosed).
2. In terms of c...
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RBI |
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Risk Weight for Consumer Credit except credit card receivables
Posted Date : 12-Sep-2019 , 09:30:10 pm | Posted By: CASANSAAR
RBI/2019-20/59
DBR.No.BP.BC.17/21.06.001/2019-20
September 12, 2019
All Scheduled Commercial Banks
All Local Area Banks
All Small Finance Banks
All Regional Rural Banks
Dear Sir/Madam,
Risk Weight for Consumer Credit except credit card receivables
Please refer to paragraph 6 of theStatement on Developmental and Regulatory Policies dated August 7, 2019on ‘Reduction in risk weight for consumer credit except credit card receivables’ (extract enclosed).
2. As per ex...
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RBI |
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RBI Master Circular - Disbursement of Government Pension by Agency Banks
Posted Date : 10-Sep-2019 , 09:55:55 am | Posted By: CASANSAAR
RBI/2019-20/57
DGBA.GBD.No.521/31.02.007/2019-20
September 9, 2019
All Agency Banks
Dear Sir/Madam
Master Circular - Disbursement of Government Pension by Agency Banks
Please refer to ourMaster Circular RBI/2018-19/1 dated July 2, 2018on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till June 30, 2019.
2. A copy of the revisedMaster Circularis enclosed for your...
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RBI |
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External Benchmark Based Lending - RBI
Posted Date : 05-Sep-2019 , 09:05:34 am | Posted By: CASANSAAR
RBI/2019-20/53
DBR.DIR.BC.No.14/13.03.00/2019-20
September 04, 2019
All Scheduled Commercial Banks (excluding RRBs)
All Small Finance Banks
All Local Area Banks
Madam / Dear Sir,
External Benchmark Based Lending
As you are aware, Reserve Bank had constituted an Internal Study Group (ISG) to examine various aspects of the marginal cost of funds-based lending rate (MCLR) system. The final report of the ISG was published inOctober 2017for public feedback. The ISG observed that int...
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RBI |
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Amendment to Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPIs)
Posted Date : 31-Aug-2019 , 10:34:04 am | Posted By: CASANSAAR
RBI/2019-20/51
DPSS.CO.PD.No.499/02.14.006/2019-20
August 30, 2019
All Prepaid Payment Instrument Issuers
Madam / Dear Sir,
Amendment to Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPIs)
Please refer to paragraph 9.1 (i) (i) of the Master Direction on Issuance and Operation of PPIs issued videDPSS.CO.PD.No.1164/02.14.006/2017-18 dated October 11, 2017 (PPI-MD).
...
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RBI |
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Cash Withdrawal at Points-of-Sale (PoS) Devices - RBI
Posted Date : 29-Aug-2019 , 09:20:13 pm | Posted By: CASANSAAR
RBI/2019-20/50
DPSS.CO.PD.No.501/02.14.003/2019-20
August 29, 2019
All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks /
State Co-operative Banks / District Central Co-operative Banks /
All Authorised Card Networks
Madam / Dear Sir,
Cash Withdrawal at Points-of-Sale (PoS) Devices
A reference is invited to thecirculars DPSS.CO.PD.No.147/02.14.003/2009-10 dated July ...
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RBI |
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Interest Subvention Scheme for Kisan Credit Card (KCC) to Fisheries and Animal Husbandry farmers
Posted Date : 27-Aug-2019 , 08:46:55 am | Posted By: CASANSAAR
RBI/2019-20/48
FIDD.CO.FSD.BC.No.10/05.02.001/2019-20
August 26, 2019
The Chairman / Managing Director & CEOs
All Public & Private Sector Scheduled Commercial Banks
Madam/Dear Sir,
Interest Subvention Scheme for Kisan Credit Card (KCC) to Fisheries and Animal Husbandry farmers during the years 2018-19 and 2019-20
Please refer to ourcircular FIDD.CO.FSD.BC.12/05.05.010/2018-19 dated February 4, 2019extending KCC facility to animal husbandry farmers and fisheries for their...
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RBI |
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Processing of e-mandate on cards for recurring transactions
Posted Date : 22-Aug-2019 , 08:05:13 am | Posted By: CASANSAAR
RBI/2019-20/47
DPSS.CO.PD.No.447/02.14.003/2019-20
August 21, 2019
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks, including Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Payments Banks / Small Finance Banks /
Card Payment Networks / Prepaid Payment Instrument Issuers
Madam / Dear Sir,
Processing of e-mandate on cards for recurring transactions
The Reserve Bank of I...
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RBI |
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Real Time Gross Settlement (RTGS) System – Increase in operating hours
Posted Date : 22-Aug-2019 , 08:04:32 am | Posted By: CASANSAAR
RBI/2019-20/46
DPSS (CO) RTGS No.364/04.04.016/2019-20
August 21, 2019
The Chairman / Managing Director / Chief Executive Officer
of member banks participating in RTGS
Madam / Dear Sir,
Real Time Gross Settlement (RTGS) System – Increase in operating hours
A reference is invited to the circularDPSS (CO) RTGS No. 2488/04.04.016/2018-19 dated May 28, 2019on ‘Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions’.
2. At...
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RBI |
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Gold Monetisation Scheme, 2015
Posted Date : 17-Aug-2019 , 06:55:31 am | Posted By: CASANSAAR
RBI/2019-20/43
DBR.IBD.BC.No.13/23.67.001/2019-20
August 16, 2019
All Scheduled Commercial Banks (excluding Regional Rural Banks)
Dear Sir/Madam
Gold Monetisation Scheme, 2015
In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015)Master...
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RBI |
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Usage of ATMs – Free ATM transactions – Clarifications
Posted Date : 16-Aug-2019 , 08:11:31 am | Posted By: CASANSAAR
RBI/2019-20/41
DPSS.CO.PD No. 377/02.10.002/2019-20
August 14, 2019
All Scheduled Commercial Banks including Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Small Finance Banks /
Payment Banks / White Label ATM Operators
Madam / Sir,
Usage of ATMs – Free ATM transactions – Clarifications
Please refer to ourcirculars DPSS.CO.PD.No. 316/02.10.002/2014-2015 dated August 14, 2014andDPSS.CO.PD.No. 659/02...
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RBI |
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Direct Benefit Transfer (DBT) Scheme – Implementation
Posted Date : 14-Aug-2019 , 10:32:14 am | Posted By: CASANSAAR
RBI/2019-20/40
FIDD.CO.LBS.BC.No.09/02.01.001/2019-20
August 13, 2019
The Chairmen / Managing Directors & CEOs
Scheduled Commercial Banks (including Regional Rural Banks),
Small Finance Banks and Payments Banks
Madam / Dear Sir,
Direct Benefit Transfer (DBT) Scheme – Implementation
Please refer toCircular RPCD.CO.LBS.BC.No.75/02.01.001/2012-13 dated May 10, 2013andRPCD.CO.LBS.BC.No.11/02.01.001/2013-14 dated July 9, 2013regarding the use of Aadhaar to facilitate deliv...
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RBI |
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Priority Sector Lending – Lending by banks to NBFCs for On-Lending
Posted Date : 14-Aug-2019 , 10:31:25 am | Posted By: CASANSAAR
RBI/2019-20/39
FIDD.CO.Plan.BC.7/04.09.01/2019-20
August 13, 2019
The Chairman/ Managing Director & CEOs
All Scheduled Commercial Banks
(Excluding Regional Rural Banks and Small Finance Banks)
Dear Sir/ Madam,
Priority Sector Lending – Lending by banks to NBFCs for On-Lending
In order to boost credit to the needy segment of borrowers, it has been decided that bank credit to r...
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RBI |
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Amendment to Master Direction (MD) on KYC
Posted Date : 10-Aug-2019 , 08:33:32 am | Posted By: CASANSAAR
RBI/2019-20/37
DBR.AML.BC.No.11/14.01.001/2019-20
August 9, 2019
The Chairpersons/ CEOs of all the Regulated Entities
Dear Sir/Madam,
Amendment to Master Direction (MD) on KYC
Government of India, vide Gazette Notification G.S.R. 381(E) dated May 28, 2019, has notified amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005.
2. The change carried out in the Master Direction in accordance with the aforementioned amendment to the PML Rules is as unde...
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Change in Bank Rate
Posted Date : 08-Aug-2019 , 08:41:30 am | Posted By: CASANSAAR
RBI/2019-20/36
DBR.No.Ret.BC.10/12.01.001/2019-20
August 07, 2019
The Chairperson / CEOs of all Scheduled and Non Scheduled Banks
Dear Sir / Madam
Change in Bank Rate
Please refer to ourcircular DBR.No.Ret.BC.44/12.01.001/2018-19 dated June 06, 2019, on the captioned subject.
2. As announced in theThird Bi-Monthly Monetary Policy Statement 2019-20 of August 07, 2019, the Bank Rate is revise...
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RBI |
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Standing Liquidity Facility for Primary Dealers
Posted Date : 08-Aug-2019 , 08:40:52 am | Posted By: CASANSAAR
RBI/2019-20/35
REF.No.MPD.BC.388/07.01.279/2019-20
August 07, 2019
All Primary Dealers,
Standing Liquidity Facility for
Primary Dealers
In theThird Bi-monthly Monetary Policy Statement 2019-20 of the Monetary Policy Committee (MPC) of August 07, 2019, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 35 basis points to 5.40 per cent from 5.75 per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facility provided to Primary D...
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Marginal Standing Facility
Posted Date : 08-Aug-2019 , 08:40:12 am | Posted By: CASANSAAR
RBI/2019-2020/34
FMOD.MAOG. No.135/01.18.001/2019-20
August 7, 2019
All Marginal Standing Facility (MSF) participants
Madam/Sir,
Marginal Standing Facility
As announced in theThird Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.75 per cent to5.40 per centwith immediate effect.
2. Consequently, the Marginal Stan...
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RBI |
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Liquidity Adjustment Facility – Repo and Reverse Repo Rates
Posted Date : 08-Aug-2019 , 08:39:32 am | Posted By: CASANSAAR
RBI/2019-2020/33
FMOD.MAOG. No.134/01.01.001/2019-20
August 7, 2019
All Liquidity Adjustment Facility (LAF) participants
Madam/Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in theThird Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.75 per cent to5.40 per centwith immediate eff...
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