Relaxation in timeline for compliance with various payment system requirements.
May 21, 2021 The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks, including Regional Rural Banks /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks…
Prepaid Payment Instruments (PPIs) –(i) Mandating Interoperability;(ii) Increasing the Limit to ₹2 lakh for Full-KYC PPIs; and (iii) Permitting Cash Withdrawal from Full-KYC PPIs of Non-Bank PPI Issuers
May 19, 2021 All Bank and Non-Bank Prepaid Payment Instrument Issuers,System Providers and System Participants Madam / Dear Sir, This has reference to paragraphs 10 and 11 of the Statement…
Central Goods and Services Tax (Fourth Amendment) Rules, 2021.
New Delhi, the 18th May, 2021 G.S.R……(E). – In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the…
Sovereign Gold Bond Scheme (SGB) 2021-22- Series I/II/III/IV/V/VI
May 14, 2021 The Chairman & Managing DirectorAll Scheduled Commercial Banks,(Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd. (SHCIL)National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.…
Sponsor Contribution to an AIF set up in Overseas Jurisdiction, including IFSCs
May 12, 2021 To All Category-I Authorised Dealer Banks Madam/ Sir Sponsor Contribution to an AIF set up in Overseas Jurisdiction, including IFSCs Attention of AD Category – I banks…
Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Interest rates payable on unclaimed interest bearing deposit
May 11, 2021 The Managing Director & CEO/Chief Executive OfficersAll Scheduled Commercial Banks (including RRBs)Local Area Banks (LABs)Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks/Small Finance Banks/Payments…
Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
May 10, 2021 All Scheduled Commercial Banks in India Dear Sir / Madam Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank…
Amendment to the Master Direction (MD) on KYC
May 10, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Amendment to the Master Direction (MD) on KYC Please refer to the Master Direction (MD) on KYC dated…
Relaxation for Hospitals, Dispensaries, Nursing homes, Covid care facilities and other Medical care facilities to receive/accept cash payments of Rs. 2 lakhs and above.
New Delhi, the 7th May, 2021 Granting further relief in view of severe Covid pandemic, Provisions of section 269ST of Income-tax Act,1961 relaxed by the Central Govt. allowing Hospitals, Dispensaries,…
CBDT amends Rule 2B to provide exemption for cash allowance in LIEU of LTC
New Delhi, the 5th May, 2021 G.S.R. 320(E).—In exercise of the powers conferred by clause (5) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of…