rbi policy date august 2020
RBI/2020-21/08 DCM (CC) No.G-1/03.44.01/2020-21. ICICI Direct; Bookmark. 17. For notes in denomination of ₹ 100 & above, Circular DCM (CC) No.G-5/03.44.01/2019-20 dated July 01, 2019, Shortages in soiled note remittances and currency chest balances. Penalties to be imposed on banks for deficiencies in exchange of notes and coins/remittances sent to RBI/operations of currency chests etc. RBI Monetary Policy: Shaktikanta Das leaves repo rate unchanged 2 min read. Penalty on account of detection of counterfeit notes by RBI from soiled note remittance of banks and in currency chest balances shall be levied in terms of the instructions issued by DCM (FNVD) No.G-2/16.01.05/2020-21 dated July 01, 2020.
Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy. Updated: 06 Aug 2020, 01:03 PM IST Staff Writer.
We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Missing BloombergQuint's WhatsApp service? Welcome to the refurbished site of the Reserve Bank of India. A revised and updated version on the subject is annexed for information and necessary action.
₹ 10,000 for any violation of agreement or deficiency of service. Resolution under this framework may be invoked not later than December 31, 2020 and must be implemented within 180 days from the date of invocation.
RBI/2020-21/08DCM (CC) No.G-1/03.44.01/2020-21, The Chairman & Managing DirectorChief Executive OfficersAll Banks, Master Circular – Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public. Counterfeit notes detected in soiled note remittances and currency chest balances. The Monetary Policy Committee (MPC), headed by RBI governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6. All Rights Reserved. This Master Circular is available on our website www.rbi.org.in. The Scheme of Penalties for bank branches including currency chests has been formulated in order to ensure that all bank branches provide better customer service to members of public with regard to exchange of notes and coins, in keeping with the objectives of Clean Note Policy.
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