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Notification & Circulars


Discontinuation of over the Counters Exchange of SBN

 Notification No#1391/10.27.00/2016-17     24 November 2016

RBI/2016-17/155 DCM (Plg) No.1391/10.27.00/2016-17 November 24, 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,..

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Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel

 Notification No#1384/10.27.00/2016-17     24 November 2016

RBI/2016-17/154 DCM (Plg) No.1384/10.27.00/2016-17 November 24, 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 ..

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Specified Bank Notes (SBNs) - Deposit under Guarantee Scheme to decongest the storage facilities at banks

 Notification No#1383/10.27.00/2016-17     24 November 2016

RBI/2016-17/153 DCM (Plg) No.1383/10.27.00/2016-17 November 24, 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   Dear ..

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Special knowledge or practical experience useful to banking companies

 Notification No#39/29.39.001/2016-17     24 November 2016

RBI/2016-17/152 DBR.Appt.BC.No.39/29.39.001/2016-17 November 24, 2016   All Commercial Banks excluding RRBs   Dear Sir / Madam,   Special knowledge or practical experience useful to banking companies   In the backdrop of innovations in banking and tech..

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Deposit of old demonetized notes of Rs. 500 and Rs. 1000 in Small Savings Scheme

 Notification No#1/04/2016-NS.II     23 November 2016

F.No. 1/04/2016-NS.II Ministry of Finance Department of Economic Affairs (Budget Division) North Block, New Delhi Dated 23.11.2016   To 1. The Chief general Manager Reserve Bank of India Department of Government and Bank Accounts Central Office, Byculla Office Building ..

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Safeguard duty on Hot Rolled flat sheets and plates

 Notification No#3/2016-Customs (SG)     23 November 2016

Seeks to levy safeguard duty on Hot Rolled flat sheets and plates (excluding hot rolled flat products in coil form) of alloy or non-alloy steel having nominal thickness less than or equal to 150mm and nominal width of greater than or equal to 600mm   [TO BE PUBLISHED IN THE GAZETTE OF IND..

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Regarding reducing/eliminating printouts in Customs Clearance

 Notification No#55/2016-Customs     23 November 2016

[F. No. 450/25/2013-Cus IV (Pt)] Government of India Ministry of Finance Department of Revenue Central Board of Excise And Customs New Delhi Circular No. 55/2016-Customs, Dated: November 23, 2016   To All Principal Chief Commissioners/Chief Commissioners of Customs/ Customs..

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Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- Exchange Facility – Reports of misuse – Caution to Public

 Notification No#2016-2017/1283     22 November 2016

The facility for public to exchange the specified bank notes (old notes in ₹ 500 and ₹ 1000) for legal tender notes and allowing them to deposit into bank accounts in unlimited amounts is provided to enable members of the public in possession of these notes as on the date of the announcement to secu..

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Regarding further rationalization of revised simplified procedure for fixation of brand rates

 Notification No#54/2016-Customs     22 November 2016

F.No.609/84/2016-DBK Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Drawback Division, New Delhi Circular No. 54/2016-Customs, Dated: November 22, 2016   To, Principal Chief Commissioners/ Directors Gene..

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Special measures to incentivise Electronic Payments

 Notification No#2016-2017/1282     22 November 2016

In order to meet the transactional needs of the public through digital means, the Reserve Bank has introduced additional measures by way of special dispensation for small merchants and enhancement in limits for semi-closed Prepaid Payment Instruments (PPIs).   A special dispensation has n..

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