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முடிவுகளை தேடுக

அடிப்படை சேமிப்பு வங்கி வைப்பு கணக்கு (பிஎஸ்பிடிஏ)

14. பேசிக் பேங்க் டெபாசிட் கணக்கிற்கு வகுக்கப்பட்ட இலவச சேவைகளுக்கும் அதிகமான சேவைகளை வங்கிகள் தர முடியுமா? +

முடியும். இருப்பினும், குறைந்தபட்ச இலவச சேவைகளுக்கும் அதிகமான கூடுதல் சேவைகளை தருவது வங்கிகளின் தனிப்பட்ட முடிவிற்கு விடப்பட்டுள்ளது. வங்கிகள் அந்த சேவைகளை இலவசமாக கொடுக்கலாம் அல்லது மதிப்புகூடுதல் சேவைகளை ஒரு நியாயமான கட்டணத்தில், வெளிப்படையான தன்மையுடன், பாரபட்சமின்றி வழங்க வேண்டும். மேலும் இது பற்றி வாடிக்கையாளருக்கு தெரிவிக்க வேண்டும். மதிப்புக்கூடுதல் சேவைகளுக்காக வங்கிகள் நியாயமான விலை அமைப்பை ஏற்படுத்த வேண்டும் மற்றும் குறைந்தபட்ச வைப்புத் தொகை தேவைகளை வகுக்க வேண்டும். இதை அறிவிப்பு பலகையில் காட்டி இருக்க வேண்டும். மேலும் அது பற்றி கணக்கை துவக்கும்போதும் அவ்வப்போது வாடிக்கையாளர்களுக்கு தெரிவிக்கவும் வேண்டும். இதை அனைத்து பேசிக் சேவிங்க்ஸ் பேங்கிங் டெபாசிட் கணக்கு வாடிக்கையாளர்கள் அனைவருக்கும் பாகுபாடின்றி, பாரபட்சமின்றி, வெளிப்படைத் தன்மையுடன் வழங்க வேண்டும். இவ்வாறான வசதிகளைப் பெறும் கணக்குகள் பிஎஸ்பிடி கணக்குகளாக கருதப்படமாட்டாது.

14. இலவச பரிவர்த்தனைகளின் எண்ணிக்கையில் இருப்புத் தொகை விசாரணையையும் என் வங்கி கணக்கிட்டுள்ளது ஏன்? +

பதில். மேலே சொல்லப்பட்டுள்ளபடி ஏடிஎம்–ல் செய்யப்படும் இலவச பரிமாற்றங்களில் பணம் மற்றும் பணம் அல்லாத பரிமாற்றங்களும் அடங்கும்.

14. Is cash withdrawal or funds transfer permitted from the two types of Small PPIs ? +

Ans. Cash withdrawal or funds transfer from these two types of Small PPIs is not permitted.

14. Can a remitting customer initiate a transaction for a future date? +

Ans. No, the RTGS system does not accept future value dated transactions.

Q14: Para 1 of the press release dated April 17, 2020 on TLTRO 2.0 states that the objective of TLTRO 2.0 is to channel liquidity to small and mid-sized corporates, including NBFCs and MFIs. However, in para 2 it has been stated that the funds availed under TLTRO 2.0 will have to be deployed in investment grade bonds, commercial paper (CPs) and non-convertible debentures (NCDs) of Non-Banking Financial Companies (NBFCs) and MFIs. Is the current tranche of TLTRO 2.0 is targeted only for NBFCs and MFIs?

Ans: The funds availed under TLTRO 2.0 are to be deployed in investment grade bonds, commercial paper (CPs) and non-convertible debentures (NCDs) of Non-Banking Financial Companies (NBFCs) and MFIs in the manner outlined in the press release dated April 17, 2020.

FAQs pertaining to On Tap TLTRO/ reversal of TLTRO/ TLTRO 2.0 transactions

14. The definition of MSME had been changed by the Government vide Gazette notification dated June 26, 2020. As the reference date for the Resolution Framework is March 1, 2020, which definition of MSMEs will be applicable for the purpose of eligibility or otherwise for resolution under the Resolution Plan? +

For the purpose of eligibility for resolution under the Resolution Framework, the definition of MSME that would be applicable is the one that existed as on March 1, 2020.

14. What happens after a complaint is received by the NBFC Ombudsman ? +

The NBFC Ombudsman endeavours to promote a settlement of the complaint through conciliation/ mediation by agreement between the complainant and the NBFC. If the terms of settlement (offered by the NBFC) are acceptable in full and final settlement of one's complaint, the NBFC Ombudsman will pass an order as per the terms of settlement which becomes binding on the NBFC and the complainant. If the NBFC is found to have adhered to the extant norms and practices in vogue and the complainant has been informed to this effect through appropriate means and complainant’s objections, if any, are not received by the NBFC Ombudsman within the time frame provided, the NBFC Ombudsman will pass an order to close the complaint.

14. Whether TReDS entities undertake KYC (Know Your Customer) of participants ? +

Ans. Yes. The KYC process adopted by the TReDS entities shall adhere to the “Master Direction – Know Your Customer (KYC) Direction, 2016” dated February 25, 2016 (as amended from time to time) issued by RBI.

14. IS A ‘ROADMAP’ ESSENTIAL PART OF ADF? +

Yes. The Roadmap to be prepared as per the recommendations of the Approach Paper would enable the banks to set milestones for achieving ADF which in turn would also help in monitoring from time to time the progress made in implementation.

14. How will the declarant get the redemption amount? +

The redemption amount will be credited to the bank account furnished by the person in the application form.

14. Query: Can a bank make repayment of the partial amount of gold (less than one gram) in INR in cases where the redemption is in gold? +

Response: Suppose the principal amount is, say 302.86 grams of gold, and the customer has to be paid in gold, a bank can repay 302 grams in gold and 0.86 grams in equivalent amount of INR. It may be noted that the interest on deposit shall be calculated in INR on the value of gold at the time of deposit.

Q.14. How can a bank or creditor identify incipient stress in MSME account ? +

Before a loan account of a Micro, Small and Medium Enterprise turns into a Non-Performing Asset (NPA), banks or creditors should identify incipient stress in the account by creating three sub-categories under the Special Mention Account (SMA) category as given in the Table below:

SMA Sub-categories	Basis for classification
SMA-0	Principal or interest payment not overdue for more than 30 days but account showing signs of incipient stress
SMA-1	Principal or interest payment overdue between 31-60 days
SMA-2	Principal or interest payment overdue between 61-90 days

14. Are there any other instructions to banks in this regard? +

RBI has recommended the following steps to banks for reducing the timeframe for collection of USD cheques -

Review the collection policy on an on-going basis so as to explore faster methods of realisation.
Reduce the transit period for movement of cheques from the collecting branches to the centralised pooling branch and from the centralised pooling branch to CBs.
Explore feasibility of forming / pooling cheques of various collecting banks to a common service bureau to avail benefits arising out of increased volumes, reduced infrastructure costs, etc.
Explore the possibility of leveraging on Check-21 facility.
Use of efficient and reliable courier / postal service.

14. Can one pay by cash full rupee equivalent of foreign exchange being purchased for travel abroad ? +

Foreign exchange for travel abroad can be purchased from banks against rupee payment in cash up to Rs.50,000/-. However, if the rupee equivalent exceeds Rs.50,000/-, the entire payment should be made by way of a crossed cheque/banker’s cheque/pay order/demand draft only.

14. Can I originate a NEFT transaction to draw / receive funds from another account? +

Ans: No. NEFT is a credit-push system i.e., transactions can be originated by the payer / remitter / sender only to pay / transfer / remit funds to beneficiary.

14. What is the procedure for submission of application by AD Category – I bank/ AD Category - II/ FFMC to the Reserve Bank for appointment of franchisees? +

An AD Category – I Bank / AD Category - II/ FFMC should apply to the respective Regional Office of the Reserve Bank, in Form RMC-F (as given in Part I: Annex-II of the FED Master Direction No.18/2015-16 on Reporting under FEMA 1999) for appointment of franchisees under this Scheme. The application should be accompanied by a declaration that while selecting the franchisees, adequate due diligence has been carried out and that such entities have undertaken to comply with all the provisions of the franchising agreement and prevailing Reserve Bank regulations regarding money changing. Approval would be granted by the Reserve Bank for the first franchisee arrangement. Thereafter, as and when new franchisee agreements are entered into, these would have to be reported to the Reserve Bank in Form RMC-F on a post-facto basis along with similar declaration as indicated above.

14. How does the ECS Credit Scheme benefit User Institutions? +

User institutions enjoy many advantages as well. For instance, Savings on administrative machinery and costs of printing, dispatch and reconciliation of paper instruments that would have been used had beneficiaries not opted for ECS Credit. Avoid chances of loss / theft of instruments in transit, likelihood of fraudulent encashment of paper instruments, etc. and subsequent correspondence / litigation. Efficient payment mode ensuring that the beneficiaries get credit on a designated date. Cost effective.

Q14. Do IDF-NBFCs get certain concession on credit concentration norms by virtue of the fact that their assets are of relatively lower risk? +

Ans : Yes. The maximum exposure that an IDF-NBFC can take on individual projects will be

at 50 percent of its total Capital Funds (Tier I plus Tier II) and not to Owned Funds as in the case of NBFCs.
An additional exposure up to 10 percent could be taken at the discretion of the Board of the IDF-NBFC.
In addition, if the financial position of the IDF-NBFC is satisfactory RBI may, on being satisfied and upon receipt of an application from an IDF-NBFC, permit additional exposure up to 15 percent (over 60 percent) subject to such conditions as it may deem fit to impose regarding additional prudential safeguards.

14. Whether IIBs will be eligible for short-sale and repo transactions? +

IIBs would be a G-Sec and therefore, would be eligible for short-sale and repo transactions.

14. Does the the DICGC directly deal with the depositors of failed banks ? +

No. In the event of a bank's liquidation, the liquidator prepares depositor wise claim list and sends it to the DICGC for scrutiny and payment. The DICGC pays the money to the liquidator who is liable to pay to the depositors. In the case of amalgamation / merger of banks, the amount due to each depositor is paid to the transferee bank.

Q 14. Can residents purchase air tickets in India for their travel not touching India? +

Ans. Residents may book their tickets in India for their visit to any third country. For instance, residents can book their tickets for travel from London to New York, through domestic/foreign airlines in India. However, the same (air tickets) would be a part of the traveller’s overall LRS entitlement of USD 250,000.

14. Can a bank enter into a swap with RBI if the original tenor of the fresh FCNR (B) deposits mobilized is more than three years but at the time of availing of the swap facility with RBI, the residual maturity is less than three years ? +

Since the swap with RBI will be undertaken in multiples of USD one million, it is possible that a bank may have to wait before it mobilises a minimum amount of USD one million. In such a case, the banks will be allowed to undertake swaps for tenors of marginally less than three years provided they have mobilised fresh eligible FCNR (B) for minimum original tenor of three years with one year lock in period.

14. Whether joint holding will be allowed? +

Yes, joint holding will be allowed.

14. What is the rate of interest and how will the interest be paid? +

The Bonds bear interest at the rate of 2.50 per cent (fixed rate) per annum on the amount of initial investment. Interest will be credited semi-annually to the bank account of the investor and the last interest will be payable on maturity along with the principal.

14. What happens after a complaint is received by the Ombudsman ? +

The Ombudsman endeavours to promote settlement of the complaint through conciliation/ mediation by agreement between the complainant and the System Participant. If the terms of settlement (offered by the System Participant) are acceptable in full and final settlement of one's complaint, the Ombudsman will pass an order as per the terms of settlement which becomes binding on the System Participant and the complainant. If the System Participant is found to have adhered to the extant norms and practices in vogue and the complainant has been informed to this effect through appropriate means and complainant’s objections, if any, are not received by the Ombudsman within the time frame provided, the Ombudsman may pass an order to close the complaint.

Q.14. Whether AD bank can approve the transfer of assets of LO/BO/PO to third resident party ? +

Ans. Yes

14. Can authorised non-bank PSPs who are direct members sponsor other banks / PSPs as sub-members in the CPS? +

Ans. Non-bank PSPs will be allowed only direct membership of CPS. They will not be permitted to sponsor any bank / PSP as sub-member in CPS.

Q 14. What should a customer keep in mind while availing a microfinance loan? +

Ans. The customer should keep in mind, among others, the following:

a) There is no requirement of keeping any deposit/ margin/ collateral/ primary security with the lender at any stage of the microfinance loan.

b) Lender is required to provide a loan card to the borrower in a language understood by the borrower which should have following information:

Information which adequately identifies the borrower;
Simplified factsheet on pricing;
All other terms and conditions attached to the loan;
Acknowledgements by the lender of all repayments including instalments received and the final discharge; and
Details of the grievance redress system, including the name and contact number of the nodal officer of the lender.

c) Purchase of any non-credit products is purely voluntary. Fee structure for such products shall be explicitly communicated in the loan card.

d) Training provided by the lenders is free of cost.

Q 14: Can balances in Special Rupee Vostro Account be repatriated?

Answer: The balance in Special Rupee Vostro Account (SRVA) can be repatriated in freely convertible currency and/or currency of the beneficiary trading partner country depending on underlying transaction i.e. for which the account was credited. For example, for import payments through SRVA like any Rupee Vostro account the fund can be remitted to overseas exporter either in freely convertible currency or in domestic currency of the overseas exporter.

Q.14. Does this condition (51 per cent shareholdings by a listed company) only apply for entities / groups in the private sector that are ‘owned and controlled by residents’? +

A. Yes. The condition (not less than 51 per cent of the total voting equity shares of the NOFHC to be held by the companies in the Promoter Group, which have not less than 51 percent public shareholding) is applicable to the companies in the Promoter Groups in the private sector that are ‘owned and controlled by residents’[as defined in Department of Industrial Policy and Promotion(DIPP) Press Note No.2, 3 and 4 of 2009/FEMA Regulations as amended from time to time].However, such a company need not necessarily be listed.[para 2 (A) and (C) (ii) of the guidelines]

14. Query Whether banks are free to offer more facilities than those prescribed for ‘Basic Savings Bank Deposit Account’? +

Response

Yes. However, the decision to allow services beyond the minimum prescribed has been left to the discretion of the banks who can either offer additional services free of charge or evolve requirements including pricing structure for additional value-added services on a reasonable and transparent basis to be applied in a non-discriminatory manner with prior intimation to the customers. Banks are required to put in place a reasonable pricing structure for value added services or prescribe minimum balance requirements which should be displayed prominently and also informed to the customers at the time of account opening. Offering such additional facilities should be non - discretionary, non-discriminatory and transparent to all ‘Basic Savings Bank Deposit Account’ customers. However such accounts enjoying additional facilities will not be treated as BSBDAs.

14. What will happen if one cannot deposit / exchange ₹2000 banknote immediately? +

To make the entire process smooth and convenient for the public, a period of over four months has been given for deposit and/or exchange of ₹2000 banknotes. Members of the public, are therefore, encouraged to avail this facility at their convenience within the allotted time.

Q.15. Are there any advantages of the ECS Credit Scheme to the banking system?

Ans : Yes, the banking system too benefits from ECS Credit Scheme such as –

Freedom from paper handling and the resultant disadvantages of handling, presenting and monitoring paper instruments presented in clearing. Ease of processing and return for the destination bank branches.
Smooth process of reconciliation for the sponsor banks.
Cost effective.

15. What happens after a complaint is received by the Banking Ombudsman ? +

The Banking Ombudsman endeavours to promote, through conciliation or mediation, a settlement of the complaint by agreement between the complainant and the bank named in the complaint.If the terms of settlement (offered by the bank) are acceptable to one in full and final settlement of one's complaint, the Banking Ombudsman will pass an order as per the terms of settlement which becomes binding on the bank and the complainant.

15. At what rate will the non-competitive bidders get the allotment? +

The allotment to the non-competitive segment will be at the weighted average rate that will emerge in the auction on the basis of competitive bidding. (Please see answers to Q14 & Q17 ).

15. Whether an overdue deposit can be renewed from its date of maturity and if so, whether compounded interest can be allowed ? +

A bank may, at its discretion, renew an overdue 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. In the case of overdue deposits where the overdue period exceeds 14 days and if the depositor places the entire amount of overdue deposit or a portion thereof as a fresh term deposit, the bank may fix its own interest rates for the overdue period on the amount so placed as a fresh deposit. If an overdue deposit standing in the name of a living depositor under reinvestment plan or an ordinary fixed deposit is renewed by the bank under reinvestment plan at the specific request of the depositor, payment of compounded interest can be allowed.II. NRI Deposits

Q.15 What is the limit for investment in Nepal or Bhutan under the automatic route ? +

In respect of direct investment in Nepal or Bhutan, the total financial commitment is permitted up to Indian Rupees 700 crores in any one financial year.

15. Is one required to surrender foreign coins also to an authorised dealer?
+

There is no restriction on residents holding foreign coins.

Q.15. How does the application for compounding finally get disposed of? +

Ans. On realization of the sum for which contravention is compounded, a certificate shall be issued by the Reserve Bank, indicating that, the applicant has complied with the order passed by the Compounding Authority.

15. The circular dated September 7, 2020 has listed only a few sectors in respect of which the threshold values for the mandatory financial parameters have been prescribed. Does this mean that Resolution Framework is not applicable to borrowers belonging to other sectors?

Resolution Framework is applicable in respect of all eligible borrowers subject to the exclusions prescribed in Paragraph 2 of the Annex to the circular dated August 6, 2020. In respect of those sectors where the sector-specific thresholds have not been specified in the circular dated September 7, 2020, lending institutions shall make their own internal assessments regarding TOL/ATNW and Total Debt/EBITDA. However, the current ratio and DSCR in all cases shall be 1.0 and above, and ADSCR shall be 1.2 and above.

15. பிஎஸ்பிடி கணக்கு வாடிக்கையாளர்களுக்கு 4 முறைக்கும் அதிகமாக பணம் எடுத்திருந்தால் மேலும் கூடுதல் கட்டணத்தில் காசோலையை கேட்டிருந்தால், பிஎஸ்பிடி கணக்கு முடிந்துவிடுமா?

ஆம். மேற்கண்ட கேள்விக்கான (கேள்வி எண் 13) பதிலை
பார்க்கவும். வங்கிகள் கூடுதல் கட்டணம் எதுவும் விதிக்கவில்லை என்றால் மற்றும் வங்கிகள் கூடுதல் கட்டணம் விதிக்காவிட்டால் மற்றும் குறைந்தபட்ச இருப்புத் தொகை இல்லாமல் பிஎஸ்பிடி கணக்கிற்கு வகுக்கப்படுள்ளதைவிட மேலும் சேவைகளை இலவசமாக வழங்கினால், அவ்வாறான கணக்குகள் பிஎஸ்பிடி கணக்கு என்று வகைப்படுத்தப்படும்.

15. ஏடிஎம் இருக்கும் இடம் மெட்ரோ நகரமா அல்லது மெட்ரோ அல்லாத நகரமா என்று எப்படி தெரிந்து கொள்வது? +

பதில். ஏடிஎம்–களை நிறுவும் வங்கிகள் ஒவ்வொரு இடத்திலும் இருக்கும் தமது ஏடிஎம்களிலும் அது மெட்ரோ நகரத்தில் உள்ளதா அல்லது மெட்ரோ அல்லாத நகரத்தில் உள்ளதா என்று உரிய விதத்தில் (ஏடிஎம்–ல் அறிவிப்பு/ ஸ்டிக்கர்/போஸ்டர் போன்றவை) எழுதி வைக்க வேண்டும்.இதன் மூலம் வாடிக்கையாளர் தனக்கு கிடைக்கும் இலவச பரிவர்த்தனைகளின் எண்ணிக்கையை தெரிந்து கொள்ள முடியும்.

15. How long can a customer hold a Small PPI (with cash loading facility) ?

Ans. A Small PPI (with cash loading facility) can be held for a maximum period of 24 months only. The 24 months shall be counted from the day of opening such a PPI. Within this period of 24 months, it has to be converted into a full-KYC PPI failing which, no further credit in such PPI shall be allowed. However, the PPI holder shall be allowed to use the available balance.

15. Can a transaction be originated to draw (receive) funds from another account? +

Ans. No. RTGS is a credit-push system i.e., transactions can be originated by the payer / remitter / sender only to pay / transfer / remit funds to a beneficiary.

15. Who are the authorized agencies selling the SGBs? +

Bonds are sold through offices or branches of Nationalised Banks, Scheduled Private Banks, Scheduled Foreign Banks, designated Post Offices, Stock Holding Corporation of India Ltd. (SHCIL) and the authorised stock exchanges either directly or through their agents.

15. Can the NBFC Ombudsman reject a complaint at any stage ? +

Yes. As per the 13 of the Scheme, the NBFC Ombudsman may reject a complaint at any stage on the following grounds:the complaint made is not on the grounds of complaint referred to in clause 8 of the Scheme; orthe compensation sought is beyond the pecuniary limit specified under the Scheme; orthe complaint made requires consideration of elaborate documentary and oral evidence and the proceedings before the Ombudsman are not appropriate for adjudication of such complaint; orthe complaint made is without any sufficient cause; orthe complaint made is not pursued by the complainant with reasonable diligence required to be taken; orin the opinion of the Ombudsman there is no loss or damage or inconvenience caused to the complainant.

15. Can the Ombudsman reject a complaint at any stage ? +

Yes. As per Clause 13 of the Scheme, the Ombudsman may reject a complaint at any stage on the following grounds:Complaint not on the grounds of complaint referred to in Clause 8; orNot in accordance with Sub Clause (3) of Clause 9; orThe compensation claimed beyond the limit prescribed under Clause 12 (5) and 12 (6): orRequiring consideration of elaborate documentary and oral evidence and the proceedings before the Ombudsman are not appropriate for adjudication of such complaint; orWithout any sufficient cause; orComplaint not pursued by the complainant with reasonable diligence; orIn the opinion of the Ombudsman there is no loss or damage or inconvenience caused to the complainant.

15. How does a person who is unable to write, execute or endorse a document? +

In such cases, he/she may apply to the Executive Magistrate to execute the document or make endorsement on his/her behalf after producing sufficient documentary evidence about his/her identity and satisfying the Executive Magistrate that he/she has understood the implications of such execution or endorsement.

15. WHAT ABOUT RETURNS REQUIRING QUALITATIVE INPUTS? +

Such returns which require qualitative or subjective inputs and narrations may be considered for classification as complex returns by the banks and may be taken up for implementation towards the end of the project.

15. Query: Is it compulsory for banks to participate in the auction of gold collected under the Medium and Long-Term Deposit schemes? +

Response: No.