Status of the Return of SBNs – Reserve Bank of India (RBI) Annual Report 2016-17 The RBI Annual Accounts for 2016-17, at note XI.6.2 Liabilities of Issue Department – Notes Issued in para (ii) mentions – “Until June 30, 2017, SBNs were received by the Reserve Bank either directly or from bank branches/post offices through the… Read More »
RBI Introduces Rs 50 banknote in Mahatma Gandhi (New) Series The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage.… Read More »
Unclaimed Amounts of Policyholders Ref: IRDA/F&A/CIR/Misc/173/07/2017 Date: 25-07-2017 Master Circular: Unclaimed Amounts of Policyholders The Authority has issued various directions regarding the Unclaimed Amounts of Policyholders from time to time. All the earlier directions are now being consolidated and issued in the form of a Master Circular which is attached herewith. The Government of India has brought… Read More »
Multipurpose Empanelment Form for the year 2017-18 Online Multipurpose Empanelment Form (MEF) for the year 2017-18 is live at www.meficai.org. The last date for submission of online MEF Form for the year 2017-18 is 15th August, 2017 and for submission of hard copy of “DECLARATION FOR MEF 2017-18” is 22nd August, 2017. In case, an applicant faces any problem regarding MEF,… Read More »
Date : Jul 14, 2017 RBI Reference Rate for US $ The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.4539 on July 14, 2017. The corresponding rate for the previous day (July 13, 2017) was ₹ 64.4384. Based on the reference rate for the US Dollar and the middle rates of… Read More »
Government of India in consultation with RBI decides to issue Sovereign Gold Bond Scheme 2017-18– Series II; Applications for the bond will be accepted from July 10, 2017 to July 14, 2017; The Bonds will be issued on July 28, 2017. Government of India, in consultation with the Reserve Bank of India, has decided to… Read More »
Date : Jun 24, 2017 Today, the Reserve Bank of India released the second edition of its statistical publication titled “Handbook of Statistics on Indian States 2016-17”. Through this publication, the Reserve Bank has been disseminating wide-ranging data on the regional economy of India. This publication follows the ‘one indicator-one table’ approach and in 129… Read More »
RBI/2016-17/325 DBR.No.Ret.BC.75/12.07.150/2016-17 June 22, 2017 All Scheduled Commercial Banks Dear Sir, Exclusion of “The Royal Bank of Scotland N.V.” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “The Royal Bank of Scotland N.V.” has been excluded from the Second Schedule to the Reserve Bank of India Act,… Read More »
Recording of Details of Transactions in Passbook/ Statement of Account RBI/2016-17/326 DBR.No.Leg.BC.76/09.07.005/2016-17 June 22, 2017 All Scheduled Commercial Banks (including RRBs) All Small Finance Banks and Payments Banks Dear Sir/ Madam, Recording of Details of Transactions in Passbook/ Statement of Account Please refer to instructions contained in Paragraphs 6 and 7 of our circular DBOD.No.Leg.BC.74/09.07.005/2003-04… Read More »
Payment of agency commission for government receipts RBI/2016-17/327 DGBA.GBD.No.3333/31.02.007/2016-17 June 22, 2017 All Agency Banks Dear Sir / Madam Payment of agency commission for government receipts Please refer to Circular No. DGBA.GAD.7575/31.12.011/2011-12 dated May 22, 2012 regarding the rationalisation and revision of agency commission payable to agency banks on government transactions undertaken by them. 2.… Read More »