| Notifications/Circulars |
Category : RBI |
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Opening of all Agency Banks for government business on April 1, 2017 – Revised instructions
Posted Date : 30-Mar-2017 , 10:24:53 am | Posted By: CASANSAAR
RBI/2016-17/259
DBR.No.Leg.BC.56/09.07.005/2016-17
March 29, 2017
All Agency Banks
Dear Sir/ Madam,
Opening of all Agency Banks for government business on April 1, 2017 – Revised instructions
We had vide ourcircular DBR.No.Leg. BC.55/09.07.005/2016-17 dated March 24, 2017advised all Agency Banks to keep all their branches dealing with government business open on all days in the current financial year and on April 1, 2017 (including Saturday, Sunday and all holidays).
2. ...
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All Agency Banks to remain open for public on all days from March 25, 2017 to April 1, 2017
Posted Date : 25-Mar-2017 , 09:10:42 am | Posted By: CASANSAAR
RBI/2016-17/256
DBR.No.Leg.BC.55/09.07.005/2016-17
March 24, 2017
All Agency Banks
Dear Sir/ Madam,
All Agency Banks to remain open for public on all days from March 25, 2017 to April 1, 2017
The Government of India has advised that all Pay and Account Offices will remain open on all days up to April 1, 2017 to facilitate government receipt and payment functions. Accordingly, all Agency Banks are advised to keep all their branches dealing with government business open on all days...
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Special Clearing operations on March 30 and 31, 2017 - RBI
Posted Date : 24-Mar-2017 , 08:37:26 am | Posted By: CASANSAAR
RBI/2016-17/255
DPSS.CO.CHD.No./2656/03.01.03/2016-17
March 23, 2017
The Chairman and 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/Local Area Banks
Madam / Dear Sir,
Special Clearing operations on March 30 and 31, 2017
A reference is invited to the circular issued by our Department of Government and Bank Accounts (DGBA.GAD.No.2...
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Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies
Posted Date : 22-Mar-2017 , 09:04:01 am | Posted By: CASANSAAR
RBI/2016-17/254
A.P. (DIR Series) Circular No. 41
March 21, 2017
To,
All Authorised Dealer Category - I Banks
Madam / Sir,
Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies
Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA. 25/RB-2000 dated M...
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Branches of SBBJ, SBH, SBM, SBP & SBT to operate as SBI branches wef 1st April
Posted Date : 21-Mar-2017 , 08:10:41 am | Posted By: CASANSAAR
Date : Mar 20, 2017
Branches of SBBJ, SBH, SBM, SBP and SBT to operate as branches of SBI from April 1, 2017
All branches of State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT) will function as branches of State Bank of India from April 1, 2017. Customers, including depositors of State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala...
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Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 - Clarification
Posted Date : 19-Mar-2017 , 08:19:58 pm | Posted By: Md Irsad Alam
Please refer to our letter IDMD.No.1451/08.03.016/2016-17 dated December 16, 2016 andNotification No. S.O.4061(E) dated December 16, 2016issued by the Government of India about announcement of“Pradan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016. It has been brought to our notice that there is lack of clarity amongst investors on the reference number that needs to be quoted onForm Vwhile uploading the same to the Income tax Authorities.
Currently, banks are issuing an acknowledgemen...
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RBI |
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Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17)
Posted Date : 19-Mar-2017 , 12:07:11 am | Posted By: Md Irsad Alam
The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be made for the purpose, as in previous years. Accordingly, all agency banks should keep the counters of their designated branches conducting government business open for government transactions up to 6.00 p.m. on March 30, 2017 and up to 8.00 p.m. on March 31, 2017. All electronic transactions would, however, con...
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Disbursal of loan amount in cash
Posted Date : 11-Mar-2017 , 12:18:00 pm | Posted By: CASANSAAR
RBI/2016-17/245
DNBR (PD) CC.No.086/03.10.001/2016-17
March 09, 2017
All NBFCs
Madam/ Sir,
Disbursal of loan amount in cash
Reference is invited to instructions contained in para 37(iii)(b) of Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 which states that high value l...
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RBI |
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Exim Bank's Government of India supported Line of Credit of USD 92.18 million to the Government of Tanzania
Posted Date : 11-Mar-2017 , 12:13:09 pm | Posted By: CASANSAAR
RBI/2016-17/247
A.P. (DIR Series) Circular No. 38
March 09, 2017
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Government of India supported Line of Credit of USD 92.18
million to the Government of Tanzania
Export-Import Bank of India (Exim Bank) has entered into an agreement on July 10, 2016 with the Government of Tanzania for making available to the...
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Formation of seven new districts in the State of Manipur - Assignment of Lead Bank Responsibility
Posted Date : 11-Mar-2017 , 12:09:22 pm | Posted By: CASANSAAR
RBI/2016-17/248
FIDD.CO.LBS.BC.No.23/02.08.001/2016-17
March 9, 2017
The Chairmen & Managing Directors
All Lead Banks
Dear Sir/Madam,
Formation of seven new districts in the State of Manipur -
Assignment of Lead Bank Responsibility
The Government of Manipur vide Gazette Notification dated December 8, 2016 had notified the creation of seven new districts in the State of Manipur. It has been decided to assign the lead bank responsibility of the seven new districts as detailed b...
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Gold Monetisation Scheme - RBI
Posted Date : 07-Mar-2017 , 07:17:06 am | Posted By: CASANSAAR
RBI/2016-17/243
DGBA.GAD.No.2294/15.04.001/2016-17
March 6, 2017
All Agency Banks
Dear Sir/Madam
Gold Monetisation Scheme
Please refer to RBIMaster Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015(updated up to January 21, 2016) on the above subject. In order to operationalise the scheme, we advise the following:
2. In order to have uniformity in reporting, reconciliation...
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RBI |
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Infrastructure Financing- Definition of 'Infrastructure Lending'
Posted Date : 03-Mar-2017 , 07:52:00 am | Posted By: CASANSAAR
RBI/2016-17/242
DNBR.PD.CC.No.085/03.10.001/2016-17
March 2, 2017
All Non-Banking Financial Companies
Dear Sir/ Madam,
Infrastructure Financing- Definition of 'Infrastructure Lending'
Please refer to the definition of 'Infrastructure Lending' contained in theNon-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016andNon-Banking Financial Company – Non-Systemically Important N...
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RBI |
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Financial Literacy by FLCs (Financial Literacy Centres) and rural branches - Policy Review
Posted Date : 03-Mar-2017 , 07:50:59 am | Posted By: CASANSAAR
RBI/2016-17/236
FIDD.FLC.BC.No.22/12.01.018/2016-17
March 02, 2017
To Chairman/MD & CEO
Scheduled Commercial Banks
(Including RRBs)
Dear Sir/Madam,
Financial Literacy by FLCs (Financial Literacy Centres) and rural branches - Policy Review
Please refer to ourcircular FIDD.FLC.BC.No.18/12.01.018/2015-16 dated January 14, 2016on guidelines for FLCs and rural branches. In terms of this circular, FLCs and rural branches were advised to conduct two types of camps viz. - Special c...
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Sovereign Gold Bonds, 2016-17 – Series IV - Operational Guidelines
Posted Date : 24-Feb-2017 , 08:10:03 am | Posted By: CASANSAAR
RBI/2016-17/235
IDMD.CDD.No.2188/14.04.050/2016-17
February 23, 2017
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 Bonds, 2016-17 – Series IV - Operational Guidelines
This has reference to theGoI notification F.No. 4(16)-B(W&M)/2016andRBI circular IDMD.CDD....
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Issuance of Rupee denominated bonds overseas – Multilateral and Regional Financial Institutions as Investors
Posted Date : 19-Feb-2017 , 08:33:27 pm | Posted By: CASANSAAR
RBI/2016-17/233
A. P. (DIR Series) Circular No.31
February 16, 2017
To
All Authorised Dealer Category – I Banks
Madam/Sir
Issuance of Rupee denominated bonds overseas – Multilateral and Regional
Financial Institutions as Investors
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to paragraph No. 4 ofA. P. (DIR Series) Circular No. 60 dated April 13, 2016and paragraph No. 3.3.3 ofMaster Direction No.5 dated January 1, 2016on ‘Externa...
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Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) - Withdrawal of Fortnightly return
Posted Date : 19-Feb-2017 , 08:32:06 pm | Posted By: CASANSAAR
RBI/2016-17/232
FMRD.DIRD.13/14.01.019/2016-17
February 16, 2017
To,
All Market Participants
Madam/Sir,
Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) - Withdrawal of Fortnightly return
Attention is invited to theRBI notification ref. no. MPD.BC.187/07.01.279/1999-2000 dated July 07, 1999. As per the notification, banks were advised to submit a fortnightly return on FRA/IRS to Monetary Policy Department with a copy to various RBI departments.
2. In a further step t...
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Repayment of Gold Loan - RBI
Posted Date : 19-Feb-2017 , 08:30:56 pm | Posted By: CASANSAAR
RBI/2016-17/229
DBR.RRB.BC.No. 53/31.01.001/2016-17
February 16, 2017
All Regional Rural Banks
Dear Sir / Madam,
Repayment of Gold Loan
Please refer tocircular RPCD.CO.RRB.BC.No.22/03.05.34/2010-11 dated September 22, 2010wherein Regional Rural Banks (RRBs) were permitted to grant gold loans up to Rs.1.00 lakh with bullet repayment option.
2. On a review, it has been decided to increase the...
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RBI |
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Reimbursement of Merchant Discount Rate - RBI
Posted Date : 19-Feb-2017 , 08:30:06 pm | Posted By: CASANSAAR
RBI/2016-17/228
DGBA.GAD.No.2128/44.02.001/2016-17
February 16, 2017
All Agency Banks
Dear Sir,
Reimbursement of Merchant Discount Rate
The Government of India (GoI) has decided to absorb the Merchant Discount Rate (MDR) charges in respect of debit card transactions while making payments to GoI. The Office Memoranda issued by the Office of Controller General of Accounts datedDecember 14and15, 2016 and Central Board of Direct Taxes datedJanuary 30, 2017in this regard are enclosed....
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RBI |
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Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Posted Date : 14-Feb-2017 , 07:50:04 am | Posted By: CASANSAAR
RBI/2016-17/226
DCM (Plg) No.3217/10.27.00/2016-17
February 13, 2017
The Chairman / Managing Director/ Chief Executive Officer
(All banks maintaining currency chests)
Dear Sir / Madam,
Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Please refer to Paragraph 2 (ii) of ourcircular DCM (Plg) No. 1459/10.27.00/2016-17 dated November 29, 2016on the captioned subject. As indicated thereat, a review was undertaken and it has been decided that ti...
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RBI |
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Interest rates for Small Savings Schemes - RBI
Posted Date : 09-Feb-2017 , 08:44:02 pm | Posted By: CASANSAAR
RBI/2016-17/225
DGBA.GAD.2012/15.02.005/2016-17
February 9, 2017
The Chairman/Chief Executive Officer
Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014,
Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004
Dear Sir
Interest rates for Small Savings Schemes
Please refer to ourcircular DGBA.GAD.881/15.02.005/2016-17 dated October 13, 2016on the above subject. T...
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Removal of limits on withdrawal of cash from Saving Bank Accounts - RBI
Posted Date : 09-Feb-2017 , 07:57:11 am | Posted By: CASANSAAR
RBI/2016-17/224
DCM (Plg) 3107/10.27.00/2016-17
February 08, 2017
All Banks
Dear Madam / Sir,
Removal of limits on withdrawal of cash from Saving Bank Accounts
Please refer to ourcircular DCM (Plg) 2905/10.27.00/2016-17 dated January 30, 2017on the captioned subject.
2. In the wake of withdrawal of Specified Bank Notes (SBNs) since November 09, 2016 Reserve Bank had placed certain limits on cash withdrawals from Savings / Current / Cash credit /Overdraft accounts and withdrawa...
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Basel III Capital Regulations- Additional Tier 1 Capital
Posted Date : 03-Feb-2017 , 07:57:06 am | Posted By: CASANSAAR
RBI/2016-17/222
DBR.BP.BC.No.50/21.06.201/2016-17
February 02, 2017
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Madam/ Sir,
Basel III Capital Regulations- Additional Tier 1 Capital
Please refer to the paragraph 1.8 on ‘Coupon Discretion’ under Annex 4 on ‘'Criteria for Inclusion of Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital' of theMaster Circular, DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015on ‘Basel I...
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RBI |
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Review of Guidelines on “Pricing of Credit”
Posted Date : 03-Feb-2017 , 07:54:17 am | Posted By: CASANSAAR
RBI/2016-17/219
DNBR.CC.PD.No. 084/22.10.038/2016-17
February 02, 2017
To
All NBFC-MFIs,
Madam/Sir,
Review of Guidelines on “Pricing of Credit”
As per extant instructions on “Pricing of Credit” issued to NBFC-MFIS under “Master Direction-Non-Banking Financial Company-Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016” and “Master Direction - Non-Banking Financial Company-Systemically Important Non-Dep...
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Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo ante
Posted Date : 31-Jan-2017 , 08:55:41 am | Posted By: CASANSAAR
RBI/2016-17/217
DCM (Plg) No. 2905/10.27.00/2016-17
January 30, 2017
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/Madam,
Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo ante
Please refer to ourcircular DCM (Plg) No.1226/10.27.00/2016-17 dated Novembe...
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Enhancement of withdrawal limits from ATMs and Current Accounts - RBI
Posted Date : 17-Jan-2017 , 07:53:27 am | Posted By: CASANSAAR
RBI/2016-17/213
DCM (Plg) No.2559/10.27.00/2016-17
January 16, 2017
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,
Enhancement of withdrawal limits from ATMs and Current Accounts
Please refer to ourcirculars DCM (Plg) No. 1274,1317,1437and2142/10.27.00/2016-17dated November 14, 21 and ...
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Allocation of cash for rural areas - RBI
Posted Date : 04-Jan-2017 , 08:29:18 am | Posted By: CASANSAAR
RBI/2016-17/207
DCM (Plg) No.2200/10.27.00/2016-17
January 03, 2017
The Chairman / Managing Director/ Chief Executive Officer,
(All banks with currency chests)
Dear Sir / Madam
Allocation of cash for rural areas
Please refer to ourcirculars DCM (Plg) No.1345/10.27.00/2016-17 dated November 22, 2016andDCM (Plg) No.1508/10.27.00/2016-17 dated December 02, 2016on making cash available for rural areas.
2. On observing that bank notes, being supplied to rural areas, at present, ar...
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Facility for exchange of Specified Bank Notes (SBNs) during Grace Period
Posted Date : 02-Jan-2017 , 08:19:53 am | Posted By: CASANSAAR
RBI/2016-17/205
DCM (Plg) No.2170 /10.27.00/2016-17
December 31, 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,
Facility for exchange of Specified Bank Notes (SBNs) during Grace Period – Verification of KYC and Account details
Please refer to theGoI Ordinance No. 10 of 2016 dated D...
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RBI |
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Cash withdrawal from ATMs – Enhancement of daily limits
Posted Date : 31-Dec-2016 , 08:14:51 am | Posted By: CASANSAAR
RBI/2016-17/204
DCM (Plg) No. 2142/10.27.00/2016-17
December 30, 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,
Cash withdrawal from ATMs – Enhancement of daily limits
Please refer t...
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RBI |
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Special measures to incentivise Electronic Payments – Extension of time
Posted Date : 31-Dec-2016 , 08:13:59 am | Posted By: CASANSAAR
RBI/2016-17/203
DPSS.CO.PD.No.1669/02.14.006/2016-2017
December 30, 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 – Extension of time
A reference is invited tocircular DPSS.CO.PD.No.1288/02.14.006/2016-17 dated Novem...
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RBI |
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White Label ATM Operators (WLAOs) - Sourcing of cash from retail outlets
Posted Date : 31-Dec-2016 , 08:13:08 am | Posted By: CASANSAAR
RBI/2016-17/202
DPSS.CO.PD. No.1621/02.10.002/2016-17
December 30, 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 /
Authorised ATM Network Operators /Card Payment Network Operators/
White Label ATM Operators
Dear Madam/ Sir,
White Label ATM Operators (WLAOs) - Sourcing of cash from retail outlets
Following the withdrawa...
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