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Circulars

Supply 40% bank notes / cash to bank branches in rural areas

January 3, 2017 1504 Views 0 comment Print

With a view to ensure that at least 40% bank notes are supplied to rural areas and to mitigate the issue in a more enduring manner, banks maintaining currency chests are advised to take following steps

Reg. credit of proceeds due to write off of securities held by FPI/ Deemed FPI

January 2, 2017 937 Views 0 comment Print

Disinvestment: In case a custodian is unable to deliver the securities or ascertain the claimant for the securities that are received subsequent to write off due to any unforeseen circumstances

All about TDS on Salary for Financial Year 2016-17

January 2, 2017 53299 Views 6 comments Print

Post deals with TDS on Salary for Financial Year 2016-17 / Assessment Year 2017-18 & explains how much TDS to be deducted and valuation of perquisites, Allowances etc.

Full/Partial exemption of late fee under MVAT Act, for late returns

January 2, 2017 9370 Views 2 comments Print

A Registered MVAT Dealer, who uploads the pending returns for any period upto 31st March 2016, shall be eligible to take benefit of waiver of late fee, depending on the phase, in which he uploads his MVAT returns.

Exchange of old notes for those who were out of India B/W 10.11.2016 to 30.12.2016

December 31, 2016 2923 Views 1 comment Print

A facility for exchange of SBNs is made available for the resident and non-resident citizens who could not avail the facility from November 10 to December 30, 2016 on account of their absence from India during the aforementioned period.

Declaration to be filled up by NRIs for depositing Specified Bank Notes

December 31, 2016 1585 Views 0 comment Print

For the period from up to 31.3 17 or 30.6.17, as applicable, a declaration form will need to be filled by resident Indians and Non-resident Indians coming to India and carrying SBNs for depositing these SBNs in the specified offices of RBI in India.

Special measures to incentivise Electronic Payments – Extension of time

December 30, 2016 1087 Views 0 comment Print

Considering that the Bank is undertaking a comprehensive review of the guidelines and framework for Prepaid Payment Instruments (PPI) issuance in the country (refer Press release dated September 2, 2016), it has been decided to extend the measures notified in the above mentioned circular till the completion of review of the PPI guidelines.

MVAT: Administrative relief for dealers registered after 25/05/2016

December 30, 2016 4954 Views 1 comment Print

After the new SAP based system for online registration went live from 25th May 2016 some of applicants could not submit their applications because of technical reasons.

ATM Cash withdrawal limit enhanced to Rs. 4500 per day per card

December 30, 2016 1882 Views 0 comment Print

Daily limit of withdrawal from ATMs increased with effect from January 01, 2017, from the existing ₹ 2500/- to ₹ 4500/- per day per card.

Disclosure of Financial information to Stock Exchanges by REITs

December 29, 2016 1870 Views 0 comment Print

Regulation 23 of SEBI (Real Estate Investment Trusts) Regulations, 2014 prescribe disclosures to be made by a REIT to Stock Exchange(s) where its units are listed.

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