PMGKDS 2016 Form V reference number to be quoted on while uploading the same renamed as Deposit Reference Number- RBI Clarification
March 16, 2017
The Chairman/CEO/ Managing Director,
All Authorised Banks,
(All Banks to which Banking Regulation Act, 1949 applies)
Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Clarification
Currently, banks are issuing an acknowledgement for having received the amounts under PMGKDS. The details of the deposit are then entered in the Bank’s e-kuber application which generates a “Subscription Receipt”. The “Subscription Receipt” which is a system generated receipt, has an “Issue Reference No”. This reference number will need to be quoted by the investor in the Form V of Income Tax Authorites, prior to uploading the same.
In order to bring in greater clarity, the nomenclature of “Issue Reference No” generated by e-kuber is being renamed as “Deposit Reference No”. Necessary changes have been made in RBI’s e-Kuber application to reflect this change. The staff of receiving banks under PMGKDS may be sensitized to take note of above changes and advise the depositors of PMGKDS, 2016 accordingly.
Chief General Manager