Consumer Education and Protection

RBI/2006-07/114 UBD.BPD(PCB) MC.No: 11 /13.01.000/2006-07 August 23, 2006Chief Executive Officers of All Primary (Urban) Co-operative Banks@@NBSP@@Dear Sir,Master Circular on Maintenance of Deposit Accounts - UCBs Please refer to our Master Circular UBD BPD (PCB) MC.No.9/13.01.00/2004-05 dated August 11, 2005 on the captioned subject (available at RBI website www.rbi.org.in). The enclosed Master Circular consolidates and updates all the instructions/guidelines on the

RBI/2006-07/92 A.P.( DIR Series) Circular No. 4 July 28, 2006 ToAll Category - I Authorised Dealer BanksMadam / Sir,Maintenance of collateral by Foreign Institutional Investors (FIIs) for transactions in derivative segmentAttention of Authorized Dealer Category-I (AD) banks is invited to Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 notified vide Notification No. FEMA 120/ RB-2004 dated July 7, 2004 and Foreign Exchange Mana

RBI/2006-07/79 CSD.BOS.5/13.33.01/2005-06 July 20, 2006The Chairman/Chief Executive Officer/Managing Director, All Commercial Banks (Including RRBs).Dear Sir/Madam, Annual Policy Statement for the year 2006-07-Fair Practices Code- Display of Bank Charges Please refer to our circular RPCD.BOS.81/13.33.01/2005-06 dated May 16, 2006 on the captioned subject advising you to display and update, on your website, the details of certain service charges. In continuation of the

RBI/ 2005-06/392 UBD. (PCB).Cir.No.54/09.39.000/05-06 May 26, 2006The Chief Executive Officers of All Primary (Urban Co-operative Banks)Dear Sir/Madam, Annual Policy Statement for the year 2006-07- Fair Practices Code- Display of Bank Charges-UCBs Please refer to the paragraph 162 of the Annual Policy Statement for the year 2006-07, a copy of which is enclosed.2. As per extant instructions, the decision to prescribe service charges is left to the discretion of the Boa

RBI/2004-05/480 Ref.No.CO.DT.15.02.001/H-9844-9866/2004-05 May 25, 2005 Jyeshtha 4, 1927 (S)The General Manager Government Accounts Department State Bank of India and Associate Banks Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra / Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank / Indian Overseas Bank /Punjab National Bank / Syndicate Bank / UCO Bank / Union Bank of India / United Bank of India / Dear Sir, Public

RBI/2004-05/347 No.CO.DT.13.01.299/H.6284-6313 /2004-05 January 15, 2005The Chairman and Managing Director State Bank of India and Associate banks and 17 Nationalised banks. The Managing Director ICICI/IDBI/HDFC/UTI Bank Ltd. Stock Holding Corporation of India Ltd. Dear Sir, Relief / Savings Bonds Schemes – issue of Payment Orders / Drafts for matured Bonds We have been receiving suggestions from the Joint Holders of the captioned bonds that the Payment Orders represe

RBI/2004-05/213 CO.DT.No. 15.02.001/H.3484 - 3520 /2004-05 October 7, 2004 Ashwina 15, 1926 (S) The Chairman & Managing Director State Bank of India / Associate Banks 15 Public Sector Banks Dear Sir, Operation of the Senior Citizens Savings Scheme, 2004 (SCSS) through Public Sector Banks You may be aware that in terms of GOI Notification No.G.S.R.490 (E) dated August 2, 2004, Government have introduced the Senior Citizens Savings Scheme (SCSS), 2004 with effect fr

RBI/2004/227UBD No.UBD.BPD. PCB. Cir. 48 /09.161.00/2003-04May 29, 2004 The Chief Executive Officers of all Primary (Urban) Co-operative BanksDear Sir"Know Your Customer" Guidelines-CompliancePlease refer to our circular UBD No. DS.PCB. Cir 17/13.01.00/2002-03 dated September 18, 2002 on "Know Your Customer" guidelines to be followed by urban cooperative banks while opening accounts. While complying with the above requirements, UCBs also collect a lot of additional pe

RBI/2004/ 82 BPD.PCB.Cir. 36 /13.08.00/2003-04 February 27, 2004The Chief Executive Officers of all Primary (Urban) Co-operative BanksDear Sir,Grant of advances against the security of Relief BondsPlease refer to our circular UBD.No.PCB.82/DC.(13.08.00)/92-93 dated June 2, 1993 advising banks that they may sanction advances against the security of 10% Relief Bonds 1993 on the terms mentioned in paragraph 2 thereof.2. As you are aware, Government of India have from tim