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Financial Inclusion- Access to Banking Services
Posted Date : 11-Sep-2013 , 07:54:36 pm | Posted By: CASANSAAR
RBI /2013-14/246DBOD.No. Leg.52 / 09.07.005/2013-14
September 11, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam,
Financial Inclusion- Access to Banking Services –Basic Savings Bank Deposit Account (BSBDA) - FAQs
Please refer to CircularDBOD.No. Leg.BC.35 / 09.07.005/2012-13 dated August 10, 2012on the above subject wherein banks have been advised to offer ‘Basic Savings Bank Deposit Account’ with certain minimum common facilities to all their...
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Settlement of Claims of Deceased Depositor
Posted Date : 10-Sep-2013 , 08:27:17 pm | Posted By: CASANSAAR
RBI/2013-14/245RPCD.CO.RRB.BC.No. 33/03.05.33 /2013-14
September 10, 2013
The ChairmenAll Regional Rural Banks
Dear Sir/Madam,
Settlement of Claims of Deceased Depositor – Simplification of Procedure – Placing of claim forms on bank’s website
Please refer tocircular RPCD.CO.RRB.BC.22/03.05.33/2005-06 dated July 19, 2005and wherein simplified procedure has been specified for settlement of claims of deceased depositors. We have been receiving feedback from public that banks ...
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Monetary Policy Statement for 2013-14 - Distribution of Banknotes and Coins
Posted Date : 10-Sep-2013 , 08:26:39 pm | Posted By: CASANSAAR
RBI/2013-14/244DCM (Plg) No.G12/10.65.03/2013-14
September 10, 2013
The Chairman & Managing Director /Chief Executive Officer(All Scheduled Commercial banks including RRBs)
Madam/ Dear Sir,
Monetary Policy Statement for 2013-14 - Distribution of Banknotes and Coins – Alternative Avenues
Please refer toPara 110of the Monetary Policy Statement 2013-14 wherein it was stated that “With a view to effectively meeting the growing demand for banknotes and coins in the country, there...
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Increase in HTM limits for Standalone PDs
Posted Date : 10-Sep-2013 , 08:24:50 pm | Posted By: CASANSAAR
RBI/2013-14/243IDMD.PDRD.No. 828/03.64.00/2013-14
September 10, 2013
To
All Standalone Primary Dealers
Dear Sir/Madam,
Increase in HTM limits for Standalone PDs
A reference is invited to para 5.7 of ourMaster Circular IDMD.PDRD.01/03.64.00/2013-14 dated July 01, 2013on Operational Guidelines to Primary Dealers regarding quantum of securities that can be classified as HTM.
2. On the basis of review of the current market conditions relating to excessive volatility in yields of Government se...
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Foreign students studying in India
Posted Date : 10-Sep-2013 , 08:22:00 pm | Posted By: CASANSAAR
RBI/2013-14/237UBD. BPD (AD). Cir.No. 4/14.01.062/2013-14
September 10, 2013
The Chief Executive OfficerAll AD Category I Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Foreign students studying in India – KYC procedure for opening of bank accounts – Primary (Urban) Cooperative Banks (UCBs)
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 no...
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Finance for Housing Schemes
Posted Date : 10-Sep-2013 , 08:21:18 pm | Posted By: CASANSAAR
RBI/2013-14/237UBD. BPD (AD). Cir.No. 4/14.01.062/2013-14
September 10, 2013
The Chief Executive OfficerAll AD Category I Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Foreign students studying in India – KYC procedure for opening of bank accounts – Primary (Urban) Cooperative Banks (UCBs)
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 no...
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RBI |
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Cash withdrawal at Point of Sale (POS) - Prepaid Payment Instruments issued by banks
Posted Date : 06-Sep-2013 , 07:29:02 am | Posted By: CASANSAAR
RBI/2013-14/231DPSS.CO.PD.No.563/02.14.003/2013-14
September 5, 2013
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks /All Card Network Providers
Madam / Dear Sir,
Cash withdrawal at Point of Sale (POS) - Prepaid Payment Instruments issued by banks
A reference is invited to ourcircular DPSS.CO.PD.No. 147 /02.14.003/2009-10 dated July 22, 2009per...
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RBI |
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Settlement of Claims of Deceased Depositor - Simplification of Procedure
Posted Date : 06-Sep-2013 , 07:27:29 am | Posted By: CASANSAAR
RBI/2013-14/229UBD.BPD.(PCB)CIR No. 10/13.01.000/2013-14
September 5, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Settlement of Claims of Deceased Depositor - Simplificationof Procedure – Placing of claim forms on bank’s website
Please refer to our circularUBD.BPD.(PCB).Cir.No.32/13.01.000/2012-13 dated January 21, 2013advising all Urban Co-operative Banks (UCBs) to instruct their branches to follow simplified procedure for settleme...
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Secondary Market Transactions in Government Securities - Intra-day short selling
Posted Date : 04-Sep-2013 , 08:02:59 pm | Posted By: CASANSAAR
RBI/2013-2014/226UBD.BPD. (PCB). Cir.No.9/09.29.000/2013-14
September 4, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Secondary Market Transactions in GovernmentSecurities - Intra-day short selling
Please refer to ourcircular UBD.BPD.PCB.Cir.39/09.29.00/2002-03 dated March 13, 2003, in terms of which Urban Co-operative Banks were permitted to trade in Government Securities on the Stock Exchanges, but were not permitted to undertake short selling...
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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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RBI |
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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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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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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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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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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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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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Import of Gold by Nominated Banks /Agencies/Entities (Revised)
Posted Date : 18-Aug-2013 , 12:58:56 am | Posted By: Vinay Sharma
RBI/2013-14/187A.P. (DIR Series) Circular No. 25
August 14, 2013
To,
All Category - I Authorised Dealer Banks
All Scheduled Commercial Banks which are Authorised Dealers (ADs) inForeign Exchange/ All Agencies nominated for import of gold
Madam / Sir,
Import of Gold by Nominated Banks /Agencies/Entities
Attention of Authorised Persons is drawn to the Reserve Bank’sA.P. (DIR Series) Circular No. 15 dated July 22, 2013on the captioned subject. As per these instructions, certain restric...
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