RBI/FED/2015-16/17 FED Master Direction No.3/2015-16 January 1, 2016 (Updated as on February 22, 2017) To All Authorised Persons in Foreign Exchange Madam / Dear Sir, Master Direction – Money Changing Activities In terms of Section 10 of the Foreign Exchange Management Act, 1999, Reserve Bank authorises persons designated as Authorised Persons to deal in foreign… Read More »
Master Direction – Money Transfer Service Scheme (MTSS) RBI/FED/2016-17/52 FED Master Direction No.1/2016-17 February 22, 2017 To All Authorised Persons who are Indian Agents under the Money Transfer Service Scheme Madam / Dear Sir, Master Direction – Money Transfer Service Scheme (MTSS) Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring… Read More »
Sovereign Gold Bonds, 2016-17 – Series IV – Operational Guidelines RBI/2016-17/235 IDMD.CDD.No.2188/14.04.050/2016-17 February 23, 2017 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds, 2016-17 – Series IV… Read More »
Sovereign Gold Bonds 2016-17 – Series IV (Revised) RBI/2016-17/234 IDMD.CDD.No.2187/14.04.050/2016-17 February 23, 2017 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds 2016-17 – Series IV Government of… Read More »
Sovereign Gold Bond Scheme 2016 -17 – Series IV – Issue Price Date : Feb 23, 2017 In terms of Government of India notification F. No. 4(16)-W&M/2016 and RBI circular IDMD.CDD.No.2187/14.04.050/2016-17 dated February 23, 2017, the Sovereign Gold Bond Scheme 2016-17, Series IV will be opened for subscription for the period from February 27, 2017… Read More »
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The third meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on February 7 and 8, 2017 at the Reserve Bank of India, Mumbai. 2. The meeting was attended by all… Read More »
The Mumbai Offices of the Reserve Bank of India will remain closed on February 21, 2017 on account of Municipal Corporation Elections in Greater Mumbai, Thane and Ulhasnagar. Ajit Prasad Assistant Adviser Press Release : 2016-2017/2244
Pay IT dues in advance at RBI or at authorised bank branches – March 2017 Date : Feb 16, 2017 The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also stated that assessees can use alternate channels like… Read More »
Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of ₹ 500 and ₹ 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016 (Updated as on February 17, 2017) 1. Why was the Scheme of Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of… Read More »
Foreign Investments in India (Updated as on February 13, 2017) These FAQs attempt to put in place the common queries that users have on the subject in an easy to understand language. However, for conducting a transaction, the Foreign Exchange Management Act, 1999 (FEMA) and the Regulations made or directions issued thereunder may be referred… Read More »