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Notification & Circulars


Quarterly BSR-1: Outstanding Credit of Scheduled Commercial Banks for June 2016

 Notification No#2016-2017/1277     22 November 2016

The Reserve Bank of India today released its web publication ‘Quarterly BSR-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), June 2016’. The BSR-1 survey aims to get information regarding spatial distribution of banks credit based on the details, such as, occupation/activity a..

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Special measures to incentivise Electronic Payments – (i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India (ii) Special measures for merchants

 Notification No#1288/02.14.006/2016-17     22 November 2016

RBI/2016-17/150 DPSS.CO.PD.No.1288/02.14.006/2016-17 November 22, 2016   All Prepaid Payment Instrument Issuers, System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers   Dear Madam / Sir,   Special measures to incenti..

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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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Making cash available for Rabi Crop Season – Advisory to banks

 Notification No#1345/10.27.00/2016-17     22 November 2016

RBI/2016-17/148 DCM (Plg) No.1345/10.27.00/2016-17 November 22, 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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Deposit of old demonetized notes of Rs. 500 and Rs. 1000 in Small Savings Scheme

 Notification No#1/04/2016-NS     22 November 2016

Finance Mministry has been decided that subscribers of small scheme may not be allowed to deposit old demonetised currency notes of Rs. 500 and Rs. 1000, in Small Saving Schemes which includes Post Office Savings Account, 5-Year Post Office Recurring Deposit Account, Post Office Time Deposit Ac..

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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding – Modification

 Notification No#1346/10.27.00/2016-17     22 November 2016

RBI/2016-17/149 DCM (Plg) No.1346/10.27.00/2016-17 November 22, 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 Si..

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Addendum to OM dated 18th November, 2016 on the subject cancellation of legal tender character of high denomination bank notes

 Notification No#10/3/2016-Cy.I     21 November 2016

F. No. 10/3/2016-Cy.I Government of India Ministry of Finance Department of Economic Affairs North Block, New Delhi Dated: 21st November, 2016 OFFICE MEMORANDUM   Subject : Addendum to OM dated 18h November, 2016 on the subject “Cancellation of legal ..

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Income-tax ( 32nd Amendment) Rules, 2016

 Notification No#106 /2016     21 November 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 21st November, 2016 INCOME-TAX   S.O. 3498(E).—In exercise of the powers conferred by section 295 read with section 9A of the Income-tax Act, 1961 (43 of 1961)..

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