Category Archives: other Acts

Pre-Paid Payment Instruments Issuance to merchants – RBI exentended Time

By | December 31, 2016
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RBI/2016-17/203 DPSS.CO.PD.No.1669/02.14.006/2016-2017 December 30, 2016 All Prepaid Payment Instrument Issuers System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Dear Madam/ Sir, Special measures to incentivise Electronic Payments – Extension of time A reference is invited to circular DPSS.CO.PD.No.1288/02.14.006/2016-17 dated November 22, 2016 advising enhancements in the limits of semi-closed PPIs issued… Read More »

Daily Cash withdrawal Limit from ATMs increased w.e.f 01.01.2017

By | December 31, 2016
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RBI/2016-17/204 DCM (Plg) No. 2142/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks District central Cooperative Banks Dear Sir, Cash withdrawal from ATMs – Enhancement of daily limits Please refer to our circular… Read More »

Chandigarh Regional Office Bank Holiday List for 2017

By | December 30, 2016
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CHANDIGARH REGIONAL OFFICE HOLIDAY LIST FOR THE YEAR 2017 • Holiday under Negotiable Instruments Act • Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday • RBI’s Annual Closing of Accounts • Banks’ Closing of Accounts and Real Time Gross Settlement Holiday January 5 Guru Govind Singh’s Birthday • 26 Republic Day •… Read More »

Procedure for claiming Duty Credit Scrips for shipments where LEO date is upto 31.03.2015 but export is on or after 01.04.2015

By | December 30, 2016
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MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) PUBLIC NOTICE New Delhi, the 29th December, 2016 No. 48/2015-2020 Subject: Procedure for claiming Duty Credit Scrips under Chapter 3 of FTP 2009 -14 for shipments where LEO date is upto 31.03.2015 but date of export is on or after 01.04.2015. F. No. 01/61/180/88/AM16/PC-3.—In exercise of powers… Read More »

RBI alowed White Label ATM Operators for Sourcing of cash from retail outlets

By | December 30, 2016
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RBI/2016-17/202 DPSS.CO.PD. No.1621/02.10.002/2016-17 December 30, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Authorised ATM Network Operators /Card Payment Network Operators/ White Label ATM Operators Dear Madam/ Sir, White Label ATM Operators (WLAOs)… Read More »

Old Bank Notes cannot form part of banks cash balances on 31.12.2016 : RBI

By | December 30, 2016
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RBI/2016-17/201 DCM (Plg) No.2103/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director / Chief Executive Officer Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-op Banks Dear Sir, Closure of the scheme of exchange of Specified Bank Notes… Read More »

ICAI formed Group of Digital Transformation for providing self- service portal to CA/ Students

By | December 29, 2016
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Council Affairs/M-626/2016 28th December, 2016 ALL MEMBERS OF THE COUNCIL Madam/Dear Sir, The President, in terms of the authority given to him by the Council at its 351st meeting held on 12th February, 2016, has constituted a Group of Digital Transformation and Process Reengineering Committee with the following members:- CA. Sanjay Kumar Agarwal, (Convenor) CA.… Read More »

Sanction Additional Working Capital Limits to Micro and Small Enterprises : RBI

By | December 29, 2016
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RBI/2016-17/200 FIDD.MSME & NFS.BC.No.20/06.02.31/2016-17 December 29, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir / Madam, Sanction of Additional Working Capital Limits to Micro and Small Enterprises (MSEs) Please refer to our circular FIDD.MSME & NFS.BC.No.60/06.02.31/2015-16 dated August 27, 2015 on ‘Streamlining flow of credit to Micro and Small Enterprises (MSEs) for… Read More »

RBI issued Interest Rate Options Directions 2016 in India

By | December 29, 2016
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RBI/2016-17/199 FMRD.DIRD.12/14.01.011/2016-17 December 29, 2016 To All eligible market participants Dear Sir/Madam Introduction of Interest Rate Options in India As announced in the fourth bi-monthly Monetary Policy Statement 2016-17, it has been decided to introduce Interest Rate Options in India. 2. The Reserve Bank of India has accordingly issued a Notification No. FMRD.DIRD. 11/2016 dated… Read More »

Dr. Viral V. Acharya Appointed Deputy Governor of RBI

By | December 29, 2016
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Dr. Viral V. Acharya Appointed Deputy Governor, Reserve Bank of India Date : Dec 28, 2016 The Central Government has, through notification F No. 7/1/2012-BO-I (Pt.) dated December 28, 2016, appointed Dr. Viral V. Acharya, currently C.V. Starr Professor of Economics, Department of Finance, New York University – Stern School of Business, (resume enclosed) as… Read More »