Reserve Bank of India
DPSS.CO.OSD. No. 1448/06.08.001/2010-2011
December 28, 2010
All Scheduled Commercial Banks
Directions for opening and operation of Accounts and settlement of payment for electronic payment transactions involving intermediaries
Please refer to our circular Ref no. 1381/06.08.001/2010-11 dated December 20, 2010 on the captioned subject.
2. In continuation of the above directions, please note to forward a covering letter from your bank certifying that the quarterly certificate from the concurrent auditor being furnished to the Reserve Bank of India on the operations of the intermediaries’ accounts includes all the intermediaries accounts maintained with your bank.
3. Please acknowledge receipt.