Tag: rbi master circular

RBI has issued a master direction on payment of interest and levy of penalty on various deposits held in banks  Master Direction – Reserve Bank of India (Interest Rate on Deposits) Directions, 2025  The said Directions provide a framework for banks to follow while formulating their policies on …

RBI issues FAQs and Master Circular on Payment of Pension to Central Government Pensioners by Authorised Banks Payment of pension to retired government employees, including payment of basic pension, increased dearness relief (DR), and other benefits as and when announced by the governments, is governed by the relevant …

Banks to specify number of times a borrower may be allowed to switch over from floating interest rate loan to a fixed interest rate loan and vice versa – RBI issues FAQs RBI, vide Circular dated 18.08.2023, had issued guidelines for “Reset of Floating Interest Rate on Equated …

RBI latest Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances Reserve Bank of India has issued latest Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances. This Circular replaces earlier Master Circular dated 1st July …

Non renewed Fixed Deposits to attract less interest – RBI Directions RBI has revised its Instruction with respect to where a Fixed / Term Deposit matures and remains unpaid/unclaimed  As per the existing instruction, if a Term Deposit matures and proceeds are unpaid, the amount of left unclaimed …

RBI extends timeline for compliance with various payment system requirements Extension of timeline for compliance with various payment system requirements Reserve Bank of India (RBI) had in past issued instructions on Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPI-MD),  enhancing security of card transactions, harmonisation …

RBI allows cost accountant’s certificate for claiming agency commission by banks. Earlier only CAs were authorised. Download Revised Formats. Read Notification  RBI allows cost accountant’s certificate for claiming agency commission by banks RBI has allowed that agency banks while claiming agency commission may submit the required reconciliation certificate …

RBI Master Direction – Fit and Proper Criteria for Sponsors – Asset Reconstruction Companies (Reserve Bank) Directions, 2018 RBI/DNBR/2018-19/66 Master Direction DNBR. PD (ARC) CC. No. 06/26.03.001/2018-19 Dated: October 25, 2018 The Chairman / Managing Director / Chief Executive Officer All registered Asset Reconstruction Companies Dear Sir/ Madam, …

RBI-Master Circular-Detection and Impounding of Counterfeit Notes updated till date.FIR on detection of 5 or more counterfeit pieces in a single transaction RESERVE BANK OF INDIA DEPARTMENT OF CURRENCY MANAGEMENT MASTER CIRCULAR – 2017-18 Detection and Impounding of Counterfeit Notes Para 1- Authority to Impound Counterfeit Notes The …

Relief Measures by banks in areas affected by Natural Calamities Directions 2017 by RBI. Rescheduling existing loans and sanctioning fresh loans  Reserve Bank of India RBI/FIDD/2017-2018/55 Master Direction FIDD.CO.FSD.BC No.8/05.10.001/2017-18 July 03, 2017 The Chairman/Managing Director/Chief Executive Officer All scheduled commercial banks (including Small Finance Banks and excluding …