Yes, forex pre-paid cards can be used at Duty Free Shops located at International Airports in India in the same manner as foreign currency notes / travellers’ cheques.

Since the bank/PD has to make payment on the date of issue itself , in case payment is made by the client after date of issue of the security, the consideration amount payable by the client to the bank or the PD would include accrued interest. For example, if for security 9.40% GOI 2015, the payment is made three days after the date of issue, the accrued interest component will amount to 9.40/100x3/360x10,000 = Rs.7.83Hence, if the security price is Rs.100.27, the total amount payable by the investor for acquiring securities worth Rs.10,000 after three days will be Rs. 10, 270 + Rs. 7.83 = Rs.10, 277. 83 (if not rounded off) .

The bank may, at its discretion, renew an overdue NRE / FCNR(B) deposit or a portion thereof provided the overdue period from the date of maturity till the date of renewal (both days inclusive), does not exceed 14 days and the rate of interest payable on the amount of the deposit so renewed shall be the appropriate rate of interest for the period of renewal as prevailing on the date of maturity or on the date when the depositor seeks renewal, whichever is lower. In the case of overdue deposits where the overdue period exceeds 14 days, the deposits can be renewed at the prevailing rate of interest on the date when the renewal is sought. If the depositor places the entire amount of overdue deposit or a portion thereof as a fresh NRE / FCNR(B) deposit, banks may fix their own interest rates for the overdue period on the amount so placed as a fresh term deposit. Banks are free to recover the interest so paid for the overdue period if the deposit is withdrawn before completion of minimum stipulated period under the scheme, after renewal.

Yes, market purchases together with capitalisation of exports or other entitlements is restricted up to 100% of the net worth of the investing company for investment proposed to be made under the automatic route.

The lending institutions shall make provisions on the residual debt at the time of implementation of the Resolution Plan, as stipulated in the relevant Resolution Framework. These provisions need to be held, irrespective of changes in the outstanding balance, until the same is reversed in terms of the provisions contained in the relevant Resolution Framework.

ಹೌದು. ನಮ್ಮ ಅಕ್ಟೋಬರ್ 4, 2006ರ ಸುತ್ತೋಲೆ ಸಂಖ್ಯೆ DBOD. No. Leg. BC.32 /09.07.005 /2006-07ರಲ್ಲಿ ತಿಳಿಸಿರುವ ಸೂಚನೆಯಂತೆಬಿಎಸ್ಬಿಡಿಎ ಖಾತೆದಾರರಿಗೆ ಉಚಿತವಾಗಿ ಪಾಸ್ಬುಕ್ ಸೌಲಭ್ಯ ನೀಡಬೇಕು.

Residents are free to carry the foreign exchange purchased from an authorised dealer or money changer in accordance with the Rules. They are, however, allowed to carry foreign exchange in the form of currency notes/coins upto USD 2,000 or its equivalent only. Balance amount can be carried in the form of traveller’s cheque or banker/s draft. (In this connection please see item No.9).

ಉತ್ತರ. ಹೌದು. ಜುಲೈ 1,2011ರಿಂದ ಜಾರಿಗೆ ಬಂದಂತೆ , ವಿಫಲ ಎಟಿಎಮ್ ವಹಿವಾಟುಗಳ ಬಗ್ಗೆ ದೂರನ್ನು ಸ್ವೀಕರಿಸಿದ ದಿನಾಂಕದಿಂದ 7 ಕೆಲಸದ ದಿನಗಳನ್ನು ಮೀರಿದ ವಿಳಂಬಕ್ಕಾಗಿ ಗ್ರಾಹಕರ ಮೊತ್ತವನ್ನು ಮರು-ಜಮಾಮಾಡುವಲ್ಲಿನ ವಿಳಂಬಕ್ಕಾಗಿ ಪ್ರತಿ ದಿನಕ್ಕೆ ರೂ. 100ರ ಪರಿಹಾರವನ್ನು ಕಾರ್ಡ್ ನೀಡುವ ಬ್ಯಾಂಕ್ ಪಾವತಿಸಬೇಕು. ಗ್ರಾಹಕರಿಂದ ಯಾವುದೇ ಕ್ಲೇಮ್ ಅನ್ನು ಮಾಡದೇ ಪರಿಹಾರವನ್ನು ಗ್ರಾಹಕರ ಖಾತೆಗೆ ಜಮಾ ಮಾಡಬೇಕು. ಹೀಗಿದ್ದಾಗ್ಯೂ, ಗ್ರಾಹಕರು ಪರಿಹಾರಕ್ಕಾಗಿ ಅರ್ಹರಾಗಲು ವಹಿವಾಟು ಮಾಡಿದ 30 ದಿನಗಳ ಒಳಗೆ ದೂರನ್ನು ನೀಡಬೇಕಾಗುತ್ತದೆ.

ಉತ್ತರ. ಪಿಪಿಐ ನೀಡಿಕೆದಾರರು ಪಿಪಿಐ ದಾರರಿಗೆ ಪಿಪಿಐ ಅನ್ನು ಮುಕ್ತಾಯಗೊಳಿಸುವ ಹಾಗೂ ಈ ಪ್ರಕಾರದ ಪಿಪಿಐನ ಅನ್ವಯವಾಗುವ ಮಿತಿಗಳ ಪ್ರಕಾರ ಬ್ಯಾಂಕ್ ಖಾತೆಗೆ ಶಿಲ್ಕನ್ನು ವರ್ಗಾವಣೆ ಮಾಡುವ ಆಯ್ಕೆಯನ್ನು ನೀಡುತ್ತಾರೆ. ಈ ಉದ್ದೇಶಕ್ಕಾಗಿ, ಪಿಪಿಐ ನೀಡುವ ಸಮಯದಲ್ಲಿ ನೀಡಿಕೆದಾರರು ಮೊದಲೇ ಗೊತ್ತುಪಡಿಸಿದ ಬ್ಯಾಂಕ್ ಖಾತೆ ಅಥವಾ ಇತರಪಿಪಿಐ ವಿವರಗಳನ್ನು ಒದಗಿಸಲು ಪಿಪಿಐದಾರರಿಗೆ ಆಯ್ಕೆಯನ್ನು ನೀಡುತ್ತಾರೆ, ಪಿಪಿಐನಲ್ಲಿರುವ ಶಿಲ್ಕಿನ ಮೊತ್ತವನ್ನು ಪಿಪಿಐ ಮುಕ್ತಾಯ ಗೊಳಿಸಿದ ಸಂದರ್ಭದಲ್ಲಿ , ಅಂತಹ ಪಿಪಿಐಗಳ ಸಿಂಧುತ್ವದ ಅವಧಿ ಮುಕ್ತಾಯ,ಮುಂತಾದ ಸಂದರ್ಭದಲ್ಲಿ ವರ್ಗಾಯಿಸಲಾಗುತ್ತದೆ. ಮುಕ್ತಾಯದ ಸಮಯದಲ್ಲಿ, ಅದು ಮೊದಲೇ ನೀಡಲಾದ ಪೂರ್ವನಿಯೋಜಿತ ಖಾತೆಗಿಂತ ಭಿನ್ನವಾಗಿದ್ದರೆ, ಪಿಪಿಐದಾರರು ಬ್ಯಾಂಕ್ ಖಾತೆಯನ್ನು ನಿರ್ದಿಷ್ಟಪಡಿಸಬಹುದು.

Ans. You may approach RTGS Help Desk / Contact point of the RBI at rtgsmumbai@rbi.org.in.

Ans: The credit is given to the account number written / given by remitter in his / her application / instruction. Credit to beneficiary account is released solely based on account number. It is the responsibility of remitting customer to write correct account number. The originator / sender should exercise due care in providing the correct account number of the beneficiary, in the NEFT remittance instruction / application.

Yes. A Government securities holder may nominate any one as a nominee provided that the nominee, as an individual or institution, should be eligible to invest in the particular loan as per the specific Government Loan Notification.

No, the Bond Ledger Accounts are not tradable.

On maturity, the Gold Bonds shall be redeemed in Indian Rupees and the redemption price shall be based on simple average of closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewelers Association Limited.

Residents are free to carry the foreign exchange purchased from an authorised dealer or money changer in accordance with the Rules. In addition, they can also carry up to US$ 2,000, if already held by them (see item13 above) in accordance with the Regulations.

The Web based facility is only a front end platform for placing GAH’s buy and sell orders. PM continues to be responsible for all actions undertaken by their respective GAHs including the settlement of their securities and funds obligations. In other words, the settlement of the successful orders of GAHs will continue to happen as usual as at present. Though the PM needs to set the funding limits as part of his risk control measure in the system, no separate pre-funding requirements are set. The Funding Limit is a functionality that enables the PM to put a cap on the total value (net consideration) of orders that a GAH may place on the basis of the terms and conditions mentioned in their mutual agreements.

Residents are free to carry the foreign exchange purchased from an authorised dealer or money changer in accordance with the Rules. They are, however, allowed to carry foreign exchange in the form of currency notes/coins upto USD 2,000 or its equivalent only. Balance amount can be carried in the form of traveller’s cheque or banker/s draft. (In this connection please see item No.9).

User institutions enjoy many benefits from the ECS Debit Scheme like, Savings on administrative machinery and costs of collecting the cheques from customers, presenting in clearing, monitoring their realisation and reconciliation. Better cash management because of realisation / recovery of dues on due dates promptly and efficiently. Avoids chances of loss / theft of instruments in transit, likelihood of fraudulent access to the paper instruments and encashment thereof. Realisation of payments on a uniform date instead of fragmented receipts spread over many days. Cost effective.

• As indicated in the press release issued by Reserve Bank of India on May 15, 2013, IIBs would be launched on June 4, 2013 and the same would be issued on the last Tuesday of each month during 2013-14. This would also include the last Tuesday of June 2013.

At the time of making applications, the Promoters/Promoter Group will have to furnish a road map and methodologies they would adopt to comply with all the requirements of the corporate structure indicated in para 2 (C)(ii) and (iii) of the guidelines and realign the business between the entities to be held under the NOFHC [para 2(C)(iv) of the guidelines] within a period of 18 months. After the ‘in-principle approval’ is accorded by RBI for setting up of the bank, the actual setting up of NOFHC and the bank, re-organization of the Promoter Group entities to bring the regulated financial services entities under the NOFHC as well as realignment of business among the entities under the NOFHC have to be completed within a period of 18 months from the date of in-principle approval or before commencement of banking business, whichever is earlier.