MANU/RMIC/0324/2015

Ministry : Reserve Bank of India

Department/Board : Department of Government and Bank Accounts

Circular No. : DGBA.GAD.No.2/31.12.010/2015-2016
                   RBI/2015-2016/81

Date : 01.07.2015

Notification/ Circulars Referred : DGBA.GAD.No.H-41/42.02.001/2003-04 MANU/RMIC/0031/2005;DGBA.GAD.No.7575/31.12.011/2011-12 MANU/RMIC/0182/2012;DGBA.GAD.No.H-2995/31.12.010/2014-15 MANU/RMIC/0013/2015

Citing Reference:
DGBA.GAD.No.H-41/42.02.001/2003-04 MANU/RMIC/0031/2005  Referred

DGBA.GAD.No.7575/31.12.011/2011-12 MANU/RMIC/0182/2012  Referred

DGBA.GAD.No.H-2995/31.12.010/2014-15 MANU/RMIC/0013/2015  Referred

All Agency Banks

Dear Sir / Madam

Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission

Please refer to our Master Circular RBI/2014-15/109 dated July 1, 2014 on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till June 30, 2015.

2. A copy of the revised Master Circular is enclosed for your information. This circular may also be downloaded from our website.

Yours faithfully
(G. Sreekumar)
Chief General Manager

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MASTER CIRCULAR ON AGENCY COMMISSION

Introduction

1. The Reserve Bank of India carries out the general banking business of the Centr........