Real estate business means buying and selling of real estate or trading in transferable development rights (TDRs) but does not include development of township, construction of residential/commercial premises, roads and bridges.

Foreign exchange can be purchased from any authorised dealer. Besides authorised dealers, full-fledged money changers are also permitted to release exchange for business and private visits.

The G S Act and the G S Regulations do not specify the eligibility criteria for investment in a G-Sec. The eligibility criteria are specified in the respective Government Notifications. Usually any person is eligible to invest in Government securities.

PM remains responsible, as the case at present, of all the actions of his GAHs. PM will be responsible for the margin maintenance and settlement of the trades of their GAHs also. Prior to commencement of trade on NDS-OM Web by an eligible authorized GAH user, the PM shall ensure that the various Operational Risk Control Parameters (ORCP) values have been set on NDS-OM Web. For the purpose, PM needs to install an application for its GAHs Management, Risk Management and Bid Management policies and practices. NDS-OM Administrator (CCIL) would create an authorized super-user (Client Head) for the PM for attending to the management activities.

No. Timeframe for collection of USD cheques will vary depending on the collection mode. The date of credit to the account of the customer will be reckoned based on the date of credit (value date) to the Nostro Account of collecting banks and the cooling period. The time taken by banks for collection of USD cheques normally ranges from 15 to 30 days and may go up to 45 days depending upon the collection arrangement and place at which the instrument is payable. The diversity in the banking and payment systems in USA and laws governing cheque transactions have a significant bearing on the collection time. Based on the mode of collection, banks have been advised to indicate the period for collection of USD cheques in their USD Cheque Collection Policy. The transit time may be reduced by 2 to 3 days by sending the cheques the same day from branches to centralised pooling branch and centralised pooling branch to Correspondent Banks. However, banks have also been advised to explore using faster methods of realisation such as leveraging on Check-21 facility in the US for saving in transit time.

Yes, foreign exchange earnings received through an international credit card for which reimbursement has been made in foreign exchange may be regarded as remittance through normal banking channel and the same can be credited to the EEFC account.

જવાબ. પિન સાંખ્યિક પાસવર્ડ છે, જે કાર્ડ જારી કરાય ત્યારે બેન્ક દ્વારા ગ્રાહકને અલગથી મેઈલથી/ હાથોહાથ મોકલવામાં આવે છે. મોટા ભાગની બેન્કો ગ્રાહકોને પ્રથમ ઉપયોગ પછી પિન બદલી કરવા કહે છે. ગ્રાહકે બેન્ક અધિકારીઓ સહિત કોઈને પિન નહીં આપવો જોઈએ. ગ્રાહકે નિયમિત અંતરે પિન બદલી કરવા જોઈએ.

‘બેસિક સેવિંગ્સ બૅન્ક ડિપૉઝિટ અકાઉન્ટ લાગુ કરવાનો હેતુ દેખીતી રીતે જ આરબીઆઈના નાણાંકીય સમાવેશનના ઉદ્દેશોને આગળ વધારવાના પ્રયાસનો જ એક ભાગ છે. 11 નવેમ્બર , 2005 ના પરિપત્ર ક્રમાંક DBOD.No.Leg.BC.44/09.07.005/2005-06 દ્વારા ‘નો ફ્રીલ ‘રૂપે ખોલાયેલા બધાં ખાતાંઓનાં નામ બદલીને 10 ઑગસ્ટ, 2012 ના પરિપત્ર ક્રમાંક DBOD. No. Leg. BC. 35/09.07.005/2012-13 ના પૅરા 2 માં અપાયેલી સૂચનાઓ મુજબ બીએસબીડીએનાં નવાં નામ આપવાં જોઈએ. તેમ જ અમારા તારીખ 10 ઑગસ્ટ, 2012 ના જારી કરાયેલા પરિપત્ર ક્રમાંક DBOD.No.Leg.BC.35 પછી ખોલાયેલાં બધાં નવાં અકાઉન્ટ બૅન્કો દ્વારા RPCD,CO. ને સુપરત કરાયેલા નાણાંકીય સમાવેશન પ્લાન્સના પ્રગતિ અહેવાલ હેઠળ નોંધાવા જોઈએ.

Ans. The remitting customer has to furnish the following information to a bank for initiating an RTGS remittance:

1. Amount to be remitted

2. The account number to be debited

3. Name of the beneficiary bank and branch

4. The IFSC number of the receiving branch

5. Name of the beneficiary customer

6. Account number of the beneficiary customer

7. Sender to receiver information, if any

8. Sender and Beneficiary Legal Entity Identifier (for eligible transactions)

જવાબ. ક્લોઝ્ડ સિસ્ટમ પીપીઆઈઃ આ પીપીઆઈ તે જ સંસ્થા પાસેથી માલો અને સેવાઓની ખરીદીની સુવિધા માટે સંસ્થા દ્વારા જારી કરાય છે અને રોકડ ઉપાડ મંજૂર નથી. આ સાધનો થર્ડ પાર્ટી સેવાઓ માટે પેમેન્ટ કે પતાવટ માટે ઉપયોગ કરી શકાતાં નહીં હોવાથી આવાં સાધનો જારી કરવાં અને તેનું સંચાલન આરબીઆઈ દ્વારા આવશ્યક માન્ય/ અધિકૃત પેમેન્ટ સિસ્ટમ તરીકે વર્ગીકૃત નથી. સેમી- ક્લોઝ્ડ સિસ્ટમ પીપીઆઈઃ આ પીપીઆઈ પેમેન્ટ સાધનો તરીકે પીપીઆઈ સ્વીકારવા માટે જારીકર્તા (અથવા પેમેન્ટ અગ્રેગેટર/ પેમેન્ટ ગેટવે થકી કરાર) સાથે ચોક્કસ કરાર ધરાવતાં સ્પષ્ટ ઓળખવામાં આવેલાં વેપારી સ્થળો/ આસ્થાપનાઓના સમૂહ ખાતે નાણાકીય સેવાઓ, રેમિટન્સ સુવિધાઓ વગેરે સહિત માલો અને સેવાઓની ખરીદી માટે બેન્કો (આરબીઆઈ દ્વારા મંજૂર) અને નોન- બેન્કો (આરબીઆઈ દ્વારા અધિકૃત) દ્વારા જારી કરવામાં આવે છે. આ સાધનો બેન્કો અથવા નોન- બેન્કો દ્વારા જારી કરાય તો પણ રોકડ ઉપાડને મંજૂરી આપતાં નથી. ઓપન સિસ્ટમ પીપીઆઈઃ આ પીપીઆઈ બેન્કો (આરબીઆઈ દ્વારા માન્ય) દ્વારા જ જારી કરવામાં આવે છે અને નાણાકીય સેવાઓ, રેમિટન્સ સુવિધાઓ વગેરે સહિત માલો અને સેવાઓની ખરીદી માટે કોઈ પણ વેપારી ખાતે ઉપયોગ કરી શકાય છે. એટીએમ / પોઈન્ટ્સ ઓફ સેલ (પીઓએસ) ટર્મિનલ્સ/ બિઝનેસ કોરસ્પોન્ડન્ટસ (પીસી) ખાતે રોકડ ઉપાડ આવા પીપીઆઈ થકી મંજૂર છે.

Ans: Banks can replace the security sold through buy-back route with any other specified security for the amount availed under TLTRO scheme. Banks should ensure that their TLTRO funding should always be backed by specified security till maturity of TLTRO.

NBFCs which are required to comply with Indian Accounting Standards (IndAS) shall, as hitherto, continue to be guided by the guidelines duly approved by their Boards and as per ICAI Advisories for recognition of significant increase in credit risk and computation of Expected Credit Losses. However, the various additional provisions mentioned in the circular dated August 6, 2020 would constitute the prudential floors for the purpose of Paragraph 2 of the Annex to the circular DOR (NBFC).CC.PD.No.109/22.10.106/2019-20 dated March 13, 2020 on Implementation of Indian Accounting Standards.

Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s).

Ans. In TReDS, FU can be created either by the MSME seller or the buyer. If MSME seller creates it, the process is called factoring; if the same is created by corporates or other buyers, it is called as reverse factoring.

Yes, subscription to the market instruments in the primary market will be considered to determine exposures beyond NPPL.

Response: The scheme envisages the following types of deposits –

Sr. No.	Type of Deposit	Duration	Minimum Lock-in Period	Applicable Interest Rate	Periodicity of Interest Payment
i.	Short Term Bank Deposit (STBD)	1-3 years	As determined by banks	As determined by banks	As determined by banks
ii.	Medium Term Government Deposit (MTGD)	5-7 years	3 years	2.25% p.a.	Simple Interest annually or cumulative interest at time of maturity compounded annually.
iii.	Long Term Government Deposit (LTGD)	12-15 years	5 years	2.50% p.a.	Simple Interest annually or cumulative interest at time of maturity compounded annually.

In terms of the Specified Bank Notes (Deposit of Confiscated Notes) Rules 2017 notified by GoI on May 12, 2017, where specified bank notes have been confiscated or seized by a law enforcement agencies or produced before a court on or before the 30th day of December 2016, such specified bank notes may be tendered for deposit in a bank account or exchange of the value thereof with legal tender, subject to the following conditions, namely:—

(a) in case confiscated specified bank notes are returned by the court to a person who is a party in case pending before that court, then, the person shall be entitled, on production of the direction of the court, to deposit or exchange such specified bank notes, the serial numbers of which—

(i) have been noted by the law enforcement agency which confiscated or produced them before the court; and

(ii) are mentioned in the direction of the court;

(b) in case specified bank notes are forfeited in favour of the Central Government or the State Government by an order of the court, then, that Government shall be entitled, on production of the direction of the court, to deposit or exchange such specified bank notes; or

(c) in case specified bank notes are placed in custody of any other person by an order of the court on or before the 30th day of December, 2016, then, the person shall be entitled, on production of the direction of the court, to deposit or exchange such specified bank notes, the serial numbers of which—

(i) have been noted by the law enforcement agency which confiscated or produced them before the court; and

(ii) are mentioned in the direction of the court.

These rules do not apply to specified bank notes confiscated or seized after the 30th day of December, 2016.

The RBI Offices where the confiscated Specified Banknotes will be accepted in terms of the Specified Banknotes (Deposit of confiscated Notes) Rules 2017 are:

Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram

• WPI series is being revised after every 10 or more years (e.g. base year revision in WPI series took place in 1981-82, 1993-94 and 2004-05).

• Any revision in the base year would be tackled by splicing the base years so that a consistent WPI series with the same base year is available for indexation purpose since the issue date of the bond.

Cluster based approach to lending is intended to provide a full-service approach to cater to the diverse needs of the MSE sector which may be achieved through extending banking services to recognized MSE clusters. A cluster-based approach may be more beneficial (a) in dealing with well-defined and recognized groups (b) availability of appropriate information for risk assessment (c) monitoring by the lending institutions and (d) reduction in costs.

The banks have, therefore, been advised to treat it as a thrust area and increasingly adopt the same for SME financing. Banks have also been advised that they should open more MSE focussed branch offices at different MSE clusters which can also act as counselling centres for MSEs. Each lead bank of the district may adopt at least one cluster (Refer circular RPCD.SME & NFS.No.BC.90/06.02.31/2009-10 dated June 29, 2010).

Yes. One or more documents can be uploaded along with the application. However each document size should not exceed 1 MB.