RBI master circulars - Page 3

RBI Master Circular Kisan Credit Card (KCC) Scheme

RBI/2018-19/10 FIDD.CO.FSD.BC.No.6/05.05.010/2018-19 (04/07/2018)

The Kisan Credit Card scheme aims at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for their cultivation and other needs as indicated below:...

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Master Circular 2017– Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)

RBI/2018-19/9 FIDD.GSSD.CO.BC.No.05/09.01.01/2018-19 (03/07/2018)

Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) has been suitably updated by incorporating the instructions on DAY-NRLM issued up to June 30, 2018, which are listed in the Appendix and also been placed on website (https://www.rbi.org.in)....

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Master Circular dated 02.07.2018 Disbursement of Govt Pension by Agency Banks

RBI/2018-19/1 DGBA.GBD.No.-1/31.02.007/2018-19 (02/07/2018)

Please refer to our Master Circular RBI/2017-18/1 dated July 1, 2017 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 June 30, 2018...

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

Press Release : 2017-2018/1691 (20/12/2017)

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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Posted Under: Fema / RBI |

RBI caps charges to Rs. 200 on debit card transactions at merchant outlets

RBI/2017-18/105 DPSS.CO.PD No. 1633/02.14.003/2017-18 (06/12/2017)

RBI has decided to rationalize the MDR for debit cards based on the following criteria: a. Categorization of merchants on the basis of turnover. b. Adoption of a differentiated MDR for QR-code based transactions. c. Specifying a ceiling on the maximum permissible MDR for both ‘card present’ and ‘card not present’ transactions....

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Simplified Hedging Facility Guidelines for Resident and non-resident entities

RBI/2017-18/88 A.P. (DIR Series) Circular No. 11 (09/11/2017)

ii. If hedging requirement of the user exceeds the limit in course of time, the designated bank may re-assess and, at its discretion, extend the limit up to 150% of the stipulated cap. iii. Hedge contracts in OTC market can be booked with any AD Cat-I bank, provided the underlying cash flow takes place with the same bank....

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All about Detection and Impounding of Counterfeit Notes

RBI/2017-18/26 DCM (FNVD) G – 4/16.01.05/2017-18 (20/07/2017)

No credit to customer’s account is to be given for counterfeit notes, if any, detected in the tender received over the counter or at the back-office / currency chest....

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RBI Master Circular 2017 on SHG-Bank Linkage Programme

RBI/2017-18/11 FIDD.FID.BC.No.02/12.01.033/2017-18 (03/07/2017)

Despite the vast expansion of the formal credit system in the country, dependence of the rural poor on moneylenders somehow continued in many areas, especially for meeting unforeseen requirements. ...

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RBI Master Circular 2017– Lead Bank Scheme

RBI/2017-2018/8 FIDD.CO.LBS.BC.No.1/02.01.001/2017-18 (03/07/2017)

The Reserve Bank of India has issued guidelines on Lead Bank Scheme from time to time. This Master Circular consolidates the relevant guidelines issued by Reserve Bank of India on Lead Bank Scheme up to June 30, 2017 as listed in the Appendix....

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RBI Master Circular 2017– Facility for Exchange of Notes and Coins

RBI/2017-18/3 DCM(NE)No.G - 1/08.07.18/2017-18 (03/07/2017)

Please refer to the Master Circular DCM(NE)No. G-1/08.07.18/2016-17 dated July 18, 2016 containing instructions on the facility for exchange of notes and coins. A revised version of Master Circular on the subject is annexed for your information and necessary action. ...

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