{"id":3128,"date":"2022-09-07T05:46:17","date_gmt":"2022-09-07T05:46:17","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=3128"},"modified":"2022-09-07T05:46:19","modified_gmt":"2022-09-07T05:46:19","slug":"incentive-for-improving-service-to-non-chest-branches","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/incentive-for-improving-service-to-non-chest-branches\/","title":{"rendered":"Incentive for improving service to non-chest branches"},"content":{"rendered":"\n<p class=\"has-text-align-right\">September 06, 2022<\/p>\n\n\n\n<p>The Chairman &amp; Managing Director<br>Managing Director\/ Chief Executive Officer<br>All Banks having Currency Chests<\/p>\n\n\n\n<p>Madam\/ Sir,<\/p>\n\n\n\n<p>Please refer to circulars RBI\/ 2015-16\/ 293 DCM (NPD) No. 2564\/ 09.40.02\/ 2015-16 dated January 21, 2016 and DCM (Plg.) No 2845\/ 10.25.007\/2018-19 dated May 23, 2019 on the captioned subject.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">2.. We have been receiving queries regarding the applicability of GST on the service charges levied on cash deposited by non-chest bank branches to the Currency Chests. It is clarified that the amount indicated in the aforesaid circulars are exclusive of applicable taxes. Accordingly, the service charges mentioned in the aforesaid circulars is to be read as \u20b95 plus applicable taxes per packet and \u20b98 plus applicable taxes per packet, as the case may be.<\/p>\n\n\n\n<p class=\"has-text-align-right\">Yours faithfully,<\/p>\n\n\n\n<p class=\"has-text-align-right\"><br>(Sanjeev Prakash)<br>Chief General Manager<\/p>\n\n\n\n<p><strong>Notication : <\/strong><a href=\"https:\/\/www.dropbox.com\/s\/o5zbkmbwc43dldh\/Incentive%20for%20improving%20service%20to%20non-chest%20branches.pdf?dl=0\">https:\/\/www.dropbox.com\/s\/o5zbkmbwc43dldh\/Incentive%20for%20improving%20service%20to%20non-chest%20branches.pdf?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>September 06, 2022 The Chairman &amp; Managing DirectorManaging Director\/ Chief Executive OfficerAll Banks having Currency Chests Madam\/ Sir, Please refer to circulars RBI\/ 2015-16\/ 293 DCM (NPD) No. 2564\/ 09.40.02\/ 2015-16 dated January 21, 2016 and DCM (Plg.) No 2845\/ 10.25.007\/2018-19 dated May 23, 2019 on the captioned subject. 2.. We have been receiving queries [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,14],"tags":[34],"class_list":["post-3128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notifications","category-rbi","tag-rbi"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=3128"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3128\/revisions"}],"predecessor-version":[{"id":3129,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3128\/revisions\/3129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/1767"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=3128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=3128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=3128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}