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RESERVE BANK OF INDIA (RBI)

  1. Acknowledgement by banks at the time of submission of Form 15-G / 15-H
  2. In view to protect interest of the depositors and for rendering better customer service,Reserve Bank of India has through its circular RBI/2012-13/516 DBOD.No.Leg.BC.100/09.07.005/2012-13 dated 31st May 2013, advised banks to give an acknowledgment at the time of receipt of Form 15-G/15-H. This will help in building a system of accountability and customers will not be put to inconvenience due to any omission on part of the banks.

  3. KYC/AML/CFT Guidelines - Unique Customer Identification Code for banks’ customers in India
  4. Reserve Bank of India has through its circular RBI/2012-13/515 DBOD. AML.BC. No. 101/14.01.001/2012-13 dated 31stMay 2013, extended the time for banks to complete the process of allotting UCIC to existing customers up to March 31, 2014

  5. Auction for Sale of a New Inflation Indexed Government Stock of 10 Years
  6. Reserve Bank of India has through its notification dated 29thMay 2013 intimated the sale of Inflation Indexed Government Stock-2023 (securities) of 10-year tenure for an aggregate amount of Rs. 1,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in the notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F. No. 4 (13)–W&M/2008, dated October 8, 2008 issued by Government of India.

  7. Liberalised Remittance Scheme for Resident Individuals – Reporting
  8. Reserve Bank of India has through its circular RBI/2012-13/504 A. P. (DIR Series) Circular No. 106 dated 23rd May 2013 have advised banks to furnish information on the number of applications received and the total amount remitted under the Liberalised Remittance Scheme (the Scheme), on a monthly basis, in the prescribed format in both hard copy as well as soft copy in Excel format. All AD banks were also advised to submit the monthly statement before 5th of the succeeding month to the Reserve Bank of India.

  9. FDI in India - Issue of equity shares under the FDI scheme allowed under the Government route against pre-operative/pre-incorporation expenses
  10. Reserve Bank of India has through its circular RBI/2012-13/502 A.P. (DIR Series) Circular No. 104 dated 17th May , 2013 has amended condition of (C) of Para 3 (II) of A.P. (DIR Series) Circular No. 74 dated June 30, 2011 read with A.P. (DIR Series) Circular No. 55 dated December 9, 2011, allowing thereby issue of equity shares/ preference shares under the Government route by conversion of import of capital goods, etc., subject to terms and conditions stated therein.

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