Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) 2016 RBI/2016-17/187 IDMD.CDD.No.1453/14.04.050/2016-17 December 16, 2016 The Chairman & Managing Director All Authorised Banks Dear Sir/Madam, Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 The Government of India has vide the notification no. S.O. 4061 (E) dated December 16, 2016 announced the “Pradhan Mantri Garib Kalyan Deposit Scheme… Read More »
Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Operational Guidelines RBI/2016-17/188 IDMD.CDD.No.1454/14.04.050/2016-17 December 16, 2016 The Chairman & Managing Director Authorised Banks Dear Sir/Madam, Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Operational Guidelines This has reference to the Central Government notification S.O. 4061 (E) and RBI circular IDMD.CDD.No. 1453/14.04.050/2016-17 dated December 16,… Read More »
Pradhan Mantri Garib Kalyan Deposit Scheme 2016 1. What is Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 is a scheme notified by the Government of India on December 16, 2016 which is applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib… Read More »
Compliance to provisions of Master Direction on Know Your Customer (KYC) RBI/2016-17/183 DBR.AML.BC.48/14.01.01/2016-17 December 15, 2016 All Regulated Entities Dear Sir/Madam, Compliance to provisions of Master Direction on Know Your Customer (KYC) A reference may be made to the following provisions of the Master Direction on Know Your Customer (KYC): (i) Section 8(d) and (e),… Read More »
Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on December 13, 2016) (Updated as on December 13, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes… Read More »
Shri R. Gandhi and Shri S. S. Mundra, RBI Deputy Governors brief Agencies on Currency Issues: Edited Transcript (Corrected) Date : Dec 13, 2016 Shri R Gandhi: The banks have since the start of the programme on November 10, 2016 till December 10, 2016 issued notes valued at ₹ 4.61 lakh crore to the public… Read More »
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA CIRCULAR List of Holidays — 2017 In terms of Chapter-VI of IRDA Staff (Officers and Employees) Regulations, 2016, the Chairman is pleased to declare the following Holidays to be observed by all offices of IRDA during the calendar year 2017. Download IRDAI List of Holidays 2017
RBI/2016-17/182 IDMD.PDRD.No.08/03.64.00/2016-17 December 13, 2016 To All Standalone Primary Dealers Dear Sir/Madam, Distribution of Relief/Savings Bonds A reference is invited to Para A.1 of the Master Direction on Relief/Savings Bonds dated July 1, 2016 under which agency banks can enrol/register brokers for distribution of Relief/Savings bonds. A reference is also invited to the Para 12… Read More »
Preservation of CCTV recordings RBI/2016-17/181 DCM (Plg) No. 1712/10.27.00/2016-17 December 13, 2016 The Chairman & Managing Director Chief Executive Officers All Banks Dear Sir, Preservation of CCTV recordings Please refer to paragraph (5) of our circular DCM (FNVD) No.1134/16.01.05/2016-17 dated October 27, 2016 wherein it was stated that in order to facilitate identification of people… Read More »
RBI/2016-17/179 DCM (Plg) No. 1679/10.27.00/2016-17 December 12, 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 Dear Sir, Detection of counterfeit notes in Specified Bank Notes (SBNs) – Reporting Please refer our circulars DCM (Plg) No.1264/10.27.00/2016-17… Read More »