#master circular

RBI has recently made a significant modification to the Master circular Para 12.1 As per para 12.1 the dispensary facility such as free treatment and issue of drugs on credit slips as per norms is accessible only at Centers where regular full-fledged dispensaries in charge of part-time BMOs/ BMCs are established with arrangements for stocking of drugs, medicines, etc. This facility has now been…

MAFS-Master Circular updated till July 1, 20

Bank has updated the Master Circular on Medical Assistance Fund Scheme (MAFS) in the light of the instructions issued till date. A copy of the circular has been uploaded on EKP site. Offices have been advised to make available copy of circular to all retirees’ associations. Master circular is in two parts. Part I – containing the detailed instructions and , Part II – containing forms for official…

MAFS-Master Circular updated till 4th November 19

Bank has updated the Master Circular about Medical Assistance Fund Scheme (MAFS) in the light of the instructions issued till November 4, 19. We have split the Master circular in two parts. Part I – containing the detailed instructions and , Part II – containing forms for official use. Members may view (Part I) here.

Some extracts relevant to retirees are reproduced below. Group Mediclaim…

Pension Master Circular uploaded by Bank

Bank has made available the latest Master Circular dated 1st July 19 on Pension. We have split the circular in two parts- one containing the detailed instructions and the other part contains forms for official use.

Members may view (Part I) here. Some relevant extracts are reproduced below. RBI Pension Regulations, 1990 do not cover the officers / employees appointed in the Bank’s service on or…

For those who missed this: Repost http://corporatelawreporter.com/2015/07/02/master-circular-memorandum-instructions-governing-money-changing-activities-2/

Master Circular on Memorandum of Instructions governing money changing activities

RBI/2015-16/92 Master Circular No.10/2015-16

July 01, 2015

To, All Authorised Persons in Foreign Exchange

Madam / Sir,

Master Circular on Memorandum of Instructions governing money changing activities

This Master Circular consolidates the existing instructions on the subject of “Memorandum of Instructions governing money changing activities” at one place. The list of underlying circulars/ notifications is set out in Appendix.

2. This Master Circular may be referred to for general guidance. The Authorised Persons may refer to respective circulars / notifications for detailed information, if so needed.

3. This Master Circular is being updated from time to time as and when the fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated.

Yours faithfully,

(B. P. Kanungo) Principal Chief General Manager

Please click on the below link to read the full circular

For those who missed this: Repost http://corporatelawreporter.com/2015/07/02/master-circular-export-goods-services-2/

Master Circular on Export of Goods and Services

RBI/2015-16/83 Master Circular No.14/2015-16

July 01, 2015

To,

  All Category – I Authorised Dealer Banks

Madam / Sir,

Master Circular on Export of Goods and Services

Export of Goods and Services from India is allowed in terms of clause (a) of sub-section (1) and sub-section (3) of Section 7 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current Account Transactions) Rules, 2000, as amended from time to time.

2. This Master Circular consolidates the existing instructions on the subject of “Export of Goods and Services from India” at one place. The list of underlying circulars/notifications consolidated in this Master Circular is furnished in Appendix.

3. This Master Circular is being updated from time to time as and when the fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated.

4. This Master Circular may be referred to for general guidance. The Authorised Persons and the Authorised Dealer Category – I banks may refer to respective circulars/ notifications for detailed information, if so needed.

Yours faithfully,

(A.K.Pandey) Chief General Manager

  Please click on the below link to read the full circular

For those who missed this: Repost http://corporatelawreporter.com/2015/07/01/master-circular-nonresident-ordinary-rupee-nro-account-3/

Master Circular on Non-Resident Ordinary Rupee (NRO) Account

RBI/2015-16/78 Master Circular No. 2/2015-16

July 1, 2015

To,

All Authorised Dealer Category – I banks and Authorised banks

Madam / Sir,

Master Circular on Non-Resident Ordinary Rupee (NRO) Account

The acceptance of deposits by an Authorised Dealer /Authorised bank from persons resident outside India is regulated by the provisions of sub-sections (1) and (2) of section 6 of the Foreign Exchange Management Act, 1999 read with FEMA Notification No.5/2000 – RB dated May 3, 2000, as amended from time to time.

2. This Master Circular consolidates the existing instructions on the subject of “Non Resident Ordinary Rupee (NRO) Account” at one place. The list of underlying circulars /notifications consolidated in this Master Circular is furnished in the Appendix.

3. This Master Circular is being updated from time to time as and when fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated.

4. This Master Circular may be referred to for general guidance. The Authorised Dealer Category – I banks and Authorized banks may refer to respective circulars / notifications for detailed information, if so needed.

Yours faithfully,