Consumer Education and Protection

DCM. 300 /08.04.21/2000-2001January 5, 2001The ChairmanAll Commercial and Co-operative BanksDear Sir,Non - acceptance of Rs.500/- denomination notesIt has been brought to our notice that some bank branches are either not accepting Rs.500/- denomination notes or do so after getting their numbers, etc. listed by the tenderers.2.We would, therefore, like to draw your attention to our letter DCM.No.927/08.06.01/97-98 dated 18th June 1998 and once again clarify that all Rs

DBOD No.Dir.BC. 64/13.03.00/2000-2001January 03, 2001Pausha 13, 1922(Saka)All Commercial Banks(Including Regional Rural Banks/Local Area Banks)Dear SirPayment of interest on the term deposit of a deceased depositorPlease refer to the paragraph 14 of our Directive DBOD No.Dir.BC.46/13.03.00/ 2000-2001 dated November 4, 2000 and paragraph 9 of our Directive DBOD No.Dir.BC.48/13.03.00/2000-2001 dated November 4, 2000 regarding payment of interest on the deposit account o

Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & DevelopmentWorld Trade Centre - I, Cuffe Parade ColabaMumbai-400 005DBOD. Dir.BC. 158 /13.03.00/2000April 1, 2000All Commercial Banks(Including Regional Rural Banks)Dear Sir,Interest Rates on DepositsPlease refer to our directive DBOD.No.Dir.BC.151/C.347/85 dated December 27, 1985, as amended from time to time.2. It has since been decided to reduce the interest rate on domestic and ordinary non-

Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & Development Centre - 1, World Trade CentreCuffe Parade, Colaba,Mumbai 400 005DBOD.Dir.BC. 153 /13.03.00/99-2000March 23 , 2000 All Scheduled Commercial Banks(Excluding RRBs)Dear Sirs, Interest Rates on advances against domestic/NRE/FCNR(B) term deposits Please refer to our Directives DBOD.No.Dir.BC.107/13.01.04/99 and 108/13.01.09/99 dated 29 October 1999 in terms of which banks have been given

UBD.(PCB)78/DC.V.1(B)/92-93All Primary (Urban) Co-operative Banks May 26, 1993 Dear Sirs, Interest Rates on Deposits - Premature Withdrawal Please refer to paragraphs 11 and 12 of our directive No. UBD.DC.102/V.1-87/88 dated 25 June 1987 regarding premature withdrawal closure of term deposits. 2.   As banks are aware, in terms of paragraph 12 of our above directive dated 25 June 1987, in case of premature closure of a term deposit, a deposit in the form