RBI master circulars

Anti-money laundering Act: RBI tightens KYC norms for politically Exposed Person

Fema / RBI - WITH the Prevention of Money Laundering (Amendment) Act, 2009 (No 21 of 2009) coming into force from June 1, the RBI has advised all NBFCs to maintain records of clients for a period of 10 years from the date of transaction. The NBFCs will have keep records of the Identity of the Clients, both domestic or international, which will permit ...

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Minutes of Monetary Policy Committee Meeting December 5-6, 2017

Fema / RBI - The eighth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on December 5 and 6, 2017 at the Reserve Bank of India, Mumbai....

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Items excluded from Capital Market Exposure

Fema / RBI - On a review, it has been decided to include the National Payments Corporation of India. (NPCI) and United Stock Exchange of India Ltd.(USEIL) as part of institutions forming crucial financial infrastructure. Accordingly, banks’ investments in NPCI and USEIL will also be excluded from the aggregate Capital Market Exposure ceiling of 40 p...

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Anti-money laundering Act: RBI tightens KYC norms for politically Exposed Person

Fema / RBI - WITH the Prevention of Money Laundering (Amendment) Act, 2009 (No 21 of 2009) coming into force from June 1, the RBI has advised all NBFCs to maintain records of clients for a period of 10 years from the date of transaction. The NBFCs will have keep records of the Identity of the Clients, both domestic or international, which will permit ...

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RBI Responsible for Monitoring Compliance of Loan Moratorium Circular: HC

Velankani Information Systems Limited Vs Secretary, Ministry of Home Affairs (Karnataka High Court) - The contentions of the RBI that the dispute is between the Petitioner and Respondents is not acceptable since the dispute arises out of the implementation or not of a Circular issued by the RBI. RBI is therefore directed to monitor the implementation of the Circular, including verification of whethe...

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Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM)

RBI/2021-22/12 FIDD.GSSD.CO.BC.No.03/09.16.03/2021-22 - (05/04/2021) - The Government of India, Ministry of Housing and Urban Affairs (MoHUA), restructured the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY) and launched the National Urban Livelihoods Mission (NULM) in 2013. NULM has been under implementation w.e.f. September 24, 2013 in all district headquarters...

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Master Circular-Credit facilities to Scheduled Castes & Scheduled Tribes

RBI/2021-22/11 FIDD.CO.GSSD.BC.No.05/09.09.001/2021-22 - (05/04/2021) - Please refer to the Master Circular FIDD.CO.GSSD.BC.No 06/09.09.01/2015-16 dated July 01, 2015 consolidating guidelines / Instructions / directions issued to banks with regard to providing credit facilities to Scheduled Castes (SCs) and Scheduled Tribes (STs). The Master Circular has been suitably u...

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Levy of Penal Interest for Currency Chest Transactions Reporting

RBI/2021-22/77 Master Direction DCM (CC) No.G-4/03.35.01/2021-22 - (01/04/2021) - Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances.Reporting of Currency Chest Transactions-The minimum amount of deposit into/withdrawal from currency chest will...

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Master Direction on Currency Distribution & Exchange Scheme

Notification No. RBI/2021-22/76 Master Direction DCM (CC) No.G-2/03.41.01/2021-22 - (01/04/2021) - RBI Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public...

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Master Circular- Disbursement of Government Pension by Agency Banks

RBI/2021-22/08 DGBA.GBD.No. S-1/31.02.007/2021-22 - (01/04/2021) - Please refer to our Master Circular RBI/2020-21/06 dated July 1, 2020 on 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 March 31, 2021...

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RBI master circulars’s Popular Posts

Recent Posts in "RBI master circulars"

Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM)

RBI/2021-22/12 FIDD.GSSD.CO.BC.No.03/09.16.03/2021-22 05/04/2021

The Government of India, Ministry of Housing and Urban Affairs (MoHUA), restructured the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY) and launched the National Urban Livelihoods Mission (NULM) in 2013. NULM has been under implementation w.e.f. September 24, 2013 in all district headquarters (irrespective of population) and all th...

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Master Circular-Credit facilities to Scheduled Castes & Scheduled Tribes

RBI/2021-22/11 FIDD.CO.GSSD.BC.No.05/09.09.001/2021-22 05/04/2021

Please refer to the Master Circular FIDD.CO.GSSD.BC.No 06/09.09.01/2015-16 dated July 01, 2015 consolidating guidelines / Instructions / directions issued to banks with regard to providing credit facilities to Scheduled Castes (SCs) and Scheduled Tribes (STs). The Master Circular has been suitably updated by incorporating the instructions...

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Levy of Penal Interest for Currency Chest Transactions Reporting

RBI/2021-22/77 Master Direction DCM (CC) No.G-4/03.35.01/2021-22 01/04/2021

Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances.Reporting of Currency Chest Transactions-The minimum amount of deposit into/withdrawal from currency chest will be Rs.1,00,000/- and thereafter, in mul...

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Master Direction on Currency Distribution & Exchange Scheme

Notification No. RBI/2021-22/76 Master Direction DCM (CC) No.G-2/03.41.01/2021-22 01/04/2021

RBI Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public...

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Master Circular- Disbursement of Government Pension by Agency Banks

RBI/2021-22/08 DGBA.GBD.No. S-1/31.02.007/2021-22 01/04/2021

Please refer to our Master Circular RBI/2020-21/06 dated July 1, 2020 on 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 March 31, 2021...

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Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission

RBI/2021-22/07 DGBA.GBD.No. S-2/31.12.010/2021-22 01/04/2021

Whenever agency banks collect stamp duty through physical mode or e-mode (challan based), they are eligible for payment of agency commission, provided the agency banks do not collect any charges from the members of public or receive remuneration from the State Government for doing this work....

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Penalties for bank branches based on performance in rendering customer service

RBI/2021-22/03 DCM (CC) No.G-3/03.44.01/2021-22 01/04/2021

The scheme of Penalties for bank branches including currency chests has been formulated in order to ensure that all bank branches provide better customer service to members of public with regard to exchange of notes and coins, in keeping with the objectives of Clean Note Policy....

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Master Circular Detection and Impounding of Counterfeit Notes

Notification No. RBI/2021-22/02 DCM (FNVD) G–1/16.01.05/2021-22 01/04/2021

In no case, the Counterfeit Notes should be returned to the tenderer or destroyed by the bank branches / treasuries. Failure of the banks to impound Counterfeit Notes detected at their end will be construed as wilful involvement of the bank concerned in circulating Counterfeit Notes and penalty will be imposed....

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Master Direction – RBI (Call, Notice & Term Money Markets) Directions, 2021

Notification No. RBI/2021-22/78 FMRD.DIRD.01/14.01.001/2021-22 01/04/2021

Prudential limits in respect of outstanding lending transactions in the Call, Notice and Term Money Markets shall be decided by the participants with the approval of their Board within the regulatory framework of the exposure norms prescribed by the Department of Regulation of the Reserve Bank for the eligible participant concerned....

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Master Circular on SHG-Bank Linkage Programme

RBI/2021-22/09 FIDD.CO.FID.BC.No.06/12.01.033/2021-22 01/04/2021

The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on SHG-Bank Linkage Programme. In order to enable the banks to have instructions at one place, a Master Circular incorporating the existing guidelines/instructions on the subject has been updated and enclosed....

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