Category Archives: RBI

Sovereign Gold Bond Scheme 2019-20 Series-I – Issue Price

By | June 1, 2019

Date : May 31, 2019 In terms of GoI notification F.No.4(7)-B(W&M)/2019 and RBI circular IDMD.CDD.No.3392/14.04.050/2018-19 dated May 30, 2019, the Sovereign Gold Bond Scheme 2019-20 – Series I will be opened for subscription for the period from June 03 – June 07, 2019. The nominal value of the bond based on the simple average closing price [published by the… Read More »

Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV

By | June 1, 2019

Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV RBI/2018-19/192IDMD.CDD.No.3392/14.04.050/2018-19 May 30, 2019 The Chairman & Managing Director All Scheduled Commercial Banks,(Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd. (SHCIL)National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV Government of India has vide its… Read More »

Sovereign Gold Bond Scheme 2019-20 – Series I/II/III/IV – Operational Guidelines

By | June 1, 2019

RBI/2018-19/193IDMD.CDD.No.3391/14.04.050/2018-19 May 30, 2019 The Chairman & Managing DirectorAll Scheduled Commercial Banks(Excluding RRBs)Designated Post OfficesStock Holding Corporation of India ltd.(SHCIL)National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme 2019-20 – Series I/II/III/IV – Operational Guidelines This has reference to the GoI notification F.No.4(7)-W&M/2019 dated May 30, 2019 and RBI circular… Read More »

RTGS Timing Extended by RBI

By | May 29, 2019

RBI/2018-19/189DPSS (CO) RTGS No. 2488/04.04.016/2018-19 May 28, 2019 The Chairman / Managing Director / Chief Executive Officerof member banks participating in RTGS Madam / Dear Sir, Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions A reference is invited to circular DPSS (CO) RTGS No.492/04.04.002/2015-16 dated September 1, 2015 on ‘Changes in RTGS… Read More »

Incentive for improving service to non-chest branches : RBI

By | May 24, 2019

RBI/2018-19/186DCM (Plg.) No.2845/10.25.007/2018-19 May 23, 2019 The Chairman & Managing DirectorManaging Director/ Chief Executive OfficerAll Banks having Currency Chests Dear Sir/Madam, Incentive for improving service to non-chest branches Please refer to our circular RBI/2015-16/293 DCM (NPD) No.2564/09.40.02/2015-16 dated January 21, 2016 on the captioned subject. It has been decided to allow the large modern Currency Chests to… Read More »

Payment and Settlement Systems in India: Vision 2019 – 2021’ by RBI

By | May 17, 2019

RBI publishes ‘Payment and Settlement Systems in India: Vision 2019 – 2021’ Date : May 15, 2019 The Reserve Bank of India has today placed on its website the “Payment and Settlement Systems in India: Vision 2019 – 2021”. The Payment Systems Vision 2021 with its core theme of ‘Empowering Exceptional (E)payment Experience’ aims at empowering every… Read More »

Category: RBI

Outsourcing of Cash Management – Reconciliation of Transactions by Banks

By | May 16, 2019

Outsourcing of Cash Management – Reconciliation of Transactions RBI/2018-19/183DCM (Plg) No.2746/10.25.07/2018-19 May 14, 2019 The Chairman / Managing Director /Chief Executive OfficerAll Banks Madam / Dear Sir, Outsourcing of Cash Management – Reconciliation of Transactions As stated in para 15 of the monetary policy statement dated October 04, 2016, the Bank had constituted a Committee on… Read More »

Category: RBI

Ombudsman Scheme for NBFC 2018

By | April 27, 2019

Ombudsman Scheme for Non-Banking Financial Companies, 2018 Ref. CEPD. PRS. No.4535/13.01.004/2018-19 April 26, 2019 The Reserve Bank of India (RBI) had vide Notification Ref.CEPD.PRS.No.3590/13.01.004/2017-18 dated February 23, 2018, implemented the Ombudsman Scheme for Non-Banking Financial Companies (NBFCs) as defined in Section 45-I(f) of the Reserve Bank of India Act, 1934 and registered with the RBI under… Read More »

Minimum Standards for a Currency Chest : RBI

By | April 10, 2019

RBI/2018-19/166DCM (CC) No.2482/03.39.01/2018-19 April 08, 2019 Chairman/Managing Director/Chief Executive DirectorAll banks Madam/Sir, Minimum Standards for a Currency Chest As stated in para 15 of the monetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director]. The Committee, inter-alia, recommended that the Reserve Bank… Read More »

Exchange Rates of Foreign Currencies for Imported and Export Goods from 05th April 2019

By | April 4, 2019

Exchange Rates of conversion of Foreign Currencies notified for Imported and Export Goods Posted On: 04 APR 2019 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super-session of the notification of the Central Board of Indirect Taxes and Customs (CBIC) No.24/2019-CUSTOMS (N.T.), dated 20th March,… Read More »