| Notifications/Circulars |
Category : RBI |
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Master Circular on Issuance and Operations of Prepaid Payment Instruments
Posted Date : 28-Dec-2016 , 07:51:37 am | Posted By: CASANSAAR
RBI/2016-17/196
DPSS.CO.PD.No.1610/02.14.006/2016-17
December 27, 2016
All Prepaid Payment Instrument Issuers,
System Providers, System Participants and
all other Prospective Prepaid Payment Instrument Issuers
Dear Madam / Sir,
Master Circular on Issuance and Operations of Prepaid Payment Instruments – Amendments to paragraph 7.9
A reference is invited toparagraph 7.9of our Master circular DPSS.PD.CO.PPI.No.01/02.14.006/2016-17 dated July 01, 2016 on Issuance and Operatio...
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RBI |
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Interest Subvention Scheme for Short Term Crop Loans during the year 2016-17
Posted Date : 27-Dec-2016 , 08:09:12 am | Posted By: CASANSAAR
RBI/2016-17/194
FIDD.No.FSD.BC. 19/05.04.02/2016-17
December 26, 2016
To,
The Chairman / Managing Director
All Public & Private Sector Scheduled Commercial Banks
Dear Sir/Madam
Interest Subvention Scheme for Short Term Crop Loans during the year 2016-17- Grant of grace period of 60 days beyond due date
As you are aware the Government of India (GoI) has been implementing the Interest Subvention Scheme (the Scheme) since 2006-07. In terms of the extant Scheme for the year 201...
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RBI |
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Procedural Guidelines for Servicing the Sovereign Gold Bonds
Posted Date : 24-Dec-2016 , 08:25:46 am | Posted By: CASANSAAR
RBI/2016-17/193
IDMD No.1569/14.04.050/2016-17
December 23, 2016
All Scheduled Commercial Banks (Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd. (SHCIL)
BSE & NSE
Madam/Sir,
Procedural Guidelines for Servicing the Sovereign Gold Bonds
TheSovereign Gold Bond Scheme was launched by Government of India (GOI) on October 30, 2015. The Sovereign Gold Bonds (henceforth referred to as bonds) are issued by GOI in the form of Government of India Stock...
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RBI |
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Special Deposit Scheme 1975 – Payment of interest for the calendar year 2016
Posted Date : 23-Dec-2016 , 08:33:47 am | Posted By: CASANSAAR
RBI/2016-17/192
DGBA.GAD.No.1478/15.01.001/2016-17
December 22, 2016
The Chairman/Chief Executive Officer
Agency Banks handling Special Deposit Scheme,1975
Dear Sir,
Special Deposit Scheme 1975 –
Payment of interest for the calendar year 2016
Please findenclosedcopies of Government of India Gazette Notifications dated April 20, 2015, June 3, 2016, June 30, 2016 and October 3, 2016 regarding interest rates on Special Deposit Scheme 1975. You may please ensure that interest...
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RBI |
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Deposit of Specified Bank Notes (SBNs) into bank accounts- Modification
Posted Date : 22-Dec-2016 , 07:51:38 am | Posted By: CASANSAAR
RBI/2016-17/191
DCM (Plg) No. 1911/10.27.00/2016-17
December 21, 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,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts- Modification
Please refer to ourcircular DC...
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Deposit of Specified Bank Notes (SBNs) into bank accounts
Posted Date : 20-Dec-2016 , 07:46:58 am | Posted By: CASANSAAR
RBI/2016-17/189
DCM (Plg) No. 1859/10.27.00/2016-17
December 19, 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,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts
Please refer toCircular DCM (Plg) No.1226/10...
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RBI |
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Compliance to provisions of Master Direction on Know Your Customer (KYC)
Posted Date : 16-Dec-2016 , 08:14:45 am | Posted By: CASANSAAR
RBI/2016-17/183
DBR.AML.BC.48/14.01.01/2016-17
December 15, 2016
All Regulated Entities
Dear Sir/Madam,
Compliance to provisions of Master Direction on Know Your Customer (KYC)
A reference may be made to the following provisions of theMaster Direction on Know Your Customer (KYC):
(i) Section 8(d) and (e), wherein it is mentioned that concurrent/internal audit system of the Regulated Entities (REs) has to verify the compliance with KYC/AML policies and procedures and submit qua...
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RBI |
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Distribution of Relief/Savings Bonds
Posted Date : 14-Dec-2016 , 08:43:09 am | Posted By: CASANSAAR
RBI/2016-17/182
IDMD.PDRD.No.08/03.64.00/2016-17
December 13, 2016
To
All Standalone Primary Dealers
Dear Sir/Madam,
Distribution of Relief/Savings Bonds
A reference is invited to Para A.1 of theMaster Direction on Relief/Savings Bonds dated July 1, 2016under which agency banks can enrol/register brokers for distribution of Relief/Savings bonds. A reference is also invited to the Para 12 of(Master Direction) Standalone Primary Dealers (Reserve Bank) Directions, 2016giving a li...
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RBI |
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Preservation of CCTV recordings
Posted Date : 14-Dec-2016 , 08:42:24 am | Posted By: CASANSAAR
RBI/2016-17/181
DCM (Plg) No. 1712/10.27.00/2016-17
December 13, 2016
The Chairman & Managing Director
Chief Executive Officers
All Banks
Dear Sir,
Preservation of CCTV recordings
Please refer to paragraph (5) of ourcircular DCM (FNVD) No.1134/16.01.05/2016-17 dated October 27, 2016wherein it was stated that in order to facilitate identification of people abetting circulation of counterfeit notes, banks are advised to cover the banking hall/area and counters under CCTV surv...
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RBI |
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Distribution of Mahatma Gandhi (New) Series Banknotes – Records
Posted Date : 13-Dec-2016 , 08:00:36 am | Posted By: CASANSAAR
RBI/2016-17/180
DCM (Plg) No. 1683/10.27.00/2016-17
December 12, 2016
The Chairman / Managing Director/ Chief Executive Officer
(All banks maintaining currency chests)
Dear Sir,
Distribution of Mahatma Gandhi (New) Series Banknotes – Records
Please refer to our circular DCM (RMMT) No. G-5/11.01.01/2016-17 dated July 15, 2016 on Receipt and Remittance of Treasure.
2. In the wake...
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Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting
Posted Date : 13-Dec-2016 , 07:59:48 am | Posted By: CASANSAAR
RBI/2016-17/179
DCM (Plg) No. 1679/10.27.00/2016-17
December 12, 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,
Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting
Please refer ourcirculars DCM (Plg) No.1264/10.27.00/2016-17andDCM (Plg) No.1291/10.27.00/2016-17dated November 11, 2016 and November 16, ...
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RBI |
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Security and Risk Mitigation measure - Technical Audit of Prepaid Payment Instrument issuers
Posted Date : 10-Dec-2016 , 08:04:56 am | Posted By: CASANSAAR
RBI/2016-17/178
DPSS.CO.OSD.No.1485/06.08.005/2016-17
December 09, 2016
All Prepaid Payment Instrument Issuers,
System Providers, System Participants and
all other Prospective Prepaid Payment Instrument Issuers
Dear Sir,
Security and Risk Mitigation measure - Technical Audit of Prepaid Payment Instrument issuers
With the withdrawal of legal tender characteristics of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes – SBN), the use of alternate modes of pa...
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RBI |
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Amendment to Master Direction on Know Your Customer
Posted Date : 09-Dec-2016 , 07:37:17 am | Posted By: CASANSAAR
RBI/2016-17/177
DBR.AML.BC.47/14.01.01/2016-17
December 8, 2016
All Regulated Entities
Dear Sir/Madam,
Amendment to Master Direction on Know Your Customer
In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, it has been decided to make certain amendments to theMaster Direction on Know Your Customer (KYC). The two major changes being notified are as under:
...
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RBI |
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Amendment to Master Direction (MD) on KYC
Posted Date : 09-Dec-2016 , 07:36:18 am | Posted By: CASANSAAR
RBI/2016-17/176
DBR.AML.BC. No. 18/14.01.001/2016-17
December 8, 2016
All Regulated Entities (REs)
Dear Sir/Madam,
Amendment to Master Direction (MD) on KYC
In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949 and section 35A read with section 56 of that Act, Rule 9 (14) of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 and all other laws...
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RBI |
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RBI Act 1934 - Section 42(1A) Withdrawal of the Incremental CRR
Posted Date : 07-Dec-2016 , 10:42:17 pm | Posted By: CASANSAAR
RBI/2016-17/174
DBR.No.Ret.BC.46/12.01.001/2016-17
December 7, 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)
Withdrawal of the Incremental CRR
Please refer to ourcircular DBR.No.Ret.BC.41/12.01.001/2016-17 dated November 26, 2016whereby all scheduled banks were required to maintain, und...
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RBI |
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Relaxation in Additional Factor of Authentication for payments upto Rs. 2000/- for card network provided authentication solutions
Posted Date : 06-Dec-2016 , 09:50:08 pm | Posted By: CASANSAAR
RBI/2016-17/172
DPSS.CO.PDNo.1431/02.14.003/2016-17
December 6, 2016
The Chairman and Managing Director / Chief Executive Officer
All Scheduled Commercial Banks including RRBs/
Urban Co-operative Banks / State Co-operative Banks/
District Central Co-operative Banks/ Authorised Card Payment Networks
Payment Banks and Small Finance Banks
Madam/Sir,
Card Not Present transactions – Relaxation in Additional Factor of Authentication for payments upto ₹ 2000/- for card network ...
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RBI |
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Requirement of customer due diligence and need for maintenance of records
Posted Date : 06-Dec-2016 , 09:49:13 pm | Posted By: CASANSAAR
RBI/2016-17/173
DBR.AML.BC.No.44/14.01.001/2016-17
December 06, 2016
All Regulated Entities (REs)
Dear Sir/Madam,
Requirement of customer due diligence and need for maintenance of records
It has been reported that, of late, a lot of customers are approaching banks for re-activation of dormant accounts.
2. In this regard, we invite attention to paragraph 24.2 (ix) of theMaster Circular on &l...
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RBI |
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Aadhaar-based Authentication for Card Present Transactions
Posted Date : 02-Dec-2016 , 10:44:40 pm | Posted By: CASANSAAR
RBI/2016-17/170
DPSS.CO.PD No.1421/02.14.003/2016-17
December 02, 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 Card Payment Networks / White Label ATM Operators /
Payments Banks / Small Finance Banks
Dear Madam / Sir,
...
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RBI |
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RBI Circular - Allocation of banknotes
Posted Date : 02-Dec-2016 , 10:43:58 pm | Posted By: CASANSAAR
RBI/2016-17/169
DCM (Plg) No. 1508/10.27.00/2016-17
December 02, 2016
The Chairman / Managing Director/ Chief Executive Officer
(All banks maintaining currency chests)
Dear Sir,
Allocation of banknotes
Please refer to ourcircular DCM (Plg) No.1345/10.27.00/2016-17 dated November 22, 2016On “Making cash available for Rabi Crop Season – Advisory to banks”.
2. In continuation of the above and to ensure that adequate allocation of banknotes are made for the rura...
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RBI |
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Large Exposure Framework
Posted Date : 02-Dec-2016 , 08:15:37 am | Posted By: CASANSAAR
RBI/2016-17/167
DBR.No.BP.BC.43/21.01.003/2016-17
December 01, 2016
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Madam/Dear Sir,
Large Exposure Framework
Please refer to the paragraph 3 of the Statement on Developmental and Regulatory Policies issued by RBI on October 4, 2016 (extract enclosed). It was indicated therein that RBI will issue final guidelines on Large Exposure Framework (LEF) by end-October, 2016. Accordingly, the final guidelines areannexed.
...
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RBI |
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Financing of Infrastructure – ‘Definition of 'Infrastructure Lending'
Posted Date : 02-Dec-2016 , 08:14:34 am | Posted By: CASANSAAR
RBI/2016-17/168
DBR.BP.BC.No.42/08.12.014/2016-17
December 1, 2016
All Scheduled Commercial Banks
(Excluding RRBs)
All India Term-Lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Madam/Dear Sir,
Financing of Infrastructure – ‘Definition of 'Infrastructure Lending'
Please refer to ourcircular DBOD.BP.BC.No.66/08.12.014/2013-14 November 25, 2013on 'Definition of Infrastructure Lending' harmonising the RBI definition of Infrastru...
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RBI |
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RBI asks people to be cautious on false information circulating in social media on demonetization
Posted Date : 02-Dec-2016 , 08:10:59 am | Posted By: CASANSAAR
In the wake of the withdrawal of legal tender character from the Specified Bank Notes (SNBs), Reserve Bank of India has been, from time to time, issuing instructions to the banks through the website of RBI (www.rbi.org.in) and official mail.
2. It has been reported that certain guidelines / instructions purported to be issued by RBI are being circulated in the social media by some unscrupulous elements creating confusion in the minds of the public/ bank personnel.
3. Banks are, therefore, ...
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RBI |
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Accounts under PMJDY - Precautions
Posted Date : 01-Dec-2016 , 07:53:27 am | Posted By: CASANSAAR
RBI/2016-17/165
DCM (Plg) No. 1450/10.27.00/2016-17
November 29, 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,
Accounts under PMJDY - Precautions
Please refer to ourcircular DCM (Plg) No.1424/10.27.00/2016-16 dated November 25, 2016on “Withdrawal of cash – Weekly limit&rdquo...
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RBI |
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Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Posted Date : 01-Dec-2016 , 07:52:39 am | Posted By: CASANSAAR
RBI/2016-17/164
DCM (Plg) No. 1459/10.27.00/2016-17
November 29, 2016
The Chairman / Managing Director/ Chief Executive Officer,
(All banks maintaining currency chests)
Dear Sir,
Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Please refer to our circular. DCM (CC) No. 2598/03.02.05/2009-10 dated October 27, 2009, which inter alia stated that the balance in a currency chest, exceeding the Chest Balance Limit / Cash Holding Limit will be de...
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RBI |
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Accounts under PMJDY - Precautions
Posted Date : 30-Nov-2016 , 08:36:51 am | Posted By: CASANSAAR
RBI/2016-17/165
DCM (Plg) No. 1450/10.27.00/2016-17
November 29, 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,
Accounts under PMJDY - Precautions
Please refer to ourcircular DCM (Plg) No.1424/10.27.00/2016-16 dated November 25, 2016on “Withdrawal of cash – Weekly limit&rdquo...
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RBI |
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Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Posted Date : 30-Nov-2016 , 08:35:57 am | Posted By: CASANSAAR
RBI/2016-17/164
DCM (Plg) No. 1459/10.27.00/2016-17
November 29, 2016
The Chairman / Managing Director/ Chief Executive Officer,
(All banks maintaining currency chests)
Dear Sir,
Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Please refer to our circular. DCM (CC) No. 2598/03.02.05/2009-10 dated October 27, 2009, which inter alia stated that the balance in a currency chest, exceeding the Chest Balance Limit / Cash Holding Limit will be de...
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RBI |
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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...
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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 ...
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RBI |
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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...
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RBI |
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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 ₹...
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