MANU/RMIC/0379/2015
Ministry : Reserve Bank of India
Department/Board : Department of Co operative Banking Regulation
Circular No. : DCBR.BPD.(PCB/RCB).Cir.No.6/19.51.026/2015-2016
RBI/2015-2016/229
Date : 05.11.2015
Notification/ Circulars Referred : Circular UBD.BPD.(SCB).Cir.No.1/09.18.300/2011-12 dated September 26, 2011 MANU/RMIC/0341/2011;Circular UBD.BPD.(PCB).Cir.No.21/09.18.300/2014-15 dated October 13, 2014 MANU/RMIC/0185/2014
Citing Reference:
Circular UBD.BPD.(SCB).Cir.No.1/09.18.300/2011-12 dated September 26, 2011 MANU/RMIC/0341/2011 Referred
Circular UBD.BPD.(PCB).Cir.No.21/09.18.300/2014-15 dated October 13, 2014 MANU/RMIC/0185/2014 Referred
The Chief Executive Officer
All Primary (Urban) Co-operative Banks /
State and Central Cooperative Banks
Madam/Dear Sir,
Internet Banking Facility for Customers of Cooperative Banks
Please refer to our circular UBD.BPD.(SCB).Cir.No.1/09.18.300/2011-12 dated September 26, 2011 on 'Internet Banking for Customers of UCBs' in terms of which scheduled Urban Cooperative Banks (UCBs) satisfying certain criteria were permitted to provide internet banking with transactional facility to their customers with prior approval of RBI and also circular UBD.BPD.(PCB).Cir.No.21/09.18.300/2014-15 dated October 13, 2014 on 'Internet Banking (view only) facility for Customers of UCBs' permitting all UCBs complying with certain condition to extend internet banking with 'view only' facility, without approval of RBI.
2. State Cooperative Banks (StCBs) and District Central Cooperative Banks (DCCBs) so far have not been allowed to provide internet banking facilities to their customers. As some of the StCBs/ DCCBs have requested for permission to offer Internet Banking facility, it has been decided to allow StCBs and DCCBs to extend the facility of internet banking to their customers. Accordingly, the guidelines issued to the UCBs were reviewed and uniform guidelines for all the cooperative banks are now issued in supersession of previous guidelines issued to UCBs in the matter. The revised guidelines applicable to all the cooperative banks are as follows: