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Poppy Sharma
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Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016
for Deposits .— The deposits shall be made from the 17 th December, 2016 till 31 st March, 2017, by any person who declared
undisclosed income. Form
of the deposits. — The deposits shall be held in Bonds with RBI
for which a certificate of holdi...

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Access Criteria for Payment System
Purpose These directions are
issued for providing a framework, enabling Banks to apply for membership of
payment systems and to provide a set of requirements related to payment
systems. General Guidelines There will be two sets
of access criteria ·         ...

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Evidence of Import under Import Data Processing and Monitoring System (IDPMS)
Bill of Entry
(BoE) data is received in IDPMS from ·         Customs Department for EDI ports, ·         NSDL for SEZ every day and ·         AD Category – I bank for non-EDI ports It has now been
decided to discontinue submission of hardcopy of BoE, with e...

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Aadhaar-based Authentication for Card Present Transactions
Banks were advised to ensure that all
new cards are enabled to allow Aadhaar-based biometric authentication also with
effect from 1/1/17. This date has now been revised to 30/06/17. The timeline
for allowing Aadhaar-based biometric authentication in existin...

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Withdrawal of the Incremental CRR
scheduled banks were required to maintain, incremental CRR of 100% of the
increase in NDTL between 16/9/16 and 11/11/16 w.e.f   26/11/16. It
has now been decided to withdraw the requirement from 10/12/16 onwards. Based on RBI circular dated 7/12/2016. F...

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Relaxation in Additional Factor of Authentication for payments upto Rs. 2000/-
How does it work? The card issuing banks will offer
the “payment authentication solutions” to their customers on an optional basis.
Opting Customers will go through a one-time registration requiring entry of
card details, etc. and AFA( Additional Factor aut...

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Revised Kisan Credit Card (KCC) Scheme
Besides the
mandatory crop insurance the KCC holder should have the option to take benefit
of any type of asset insurance accident insurance including PAIS, and health
insurance ( wherever product is available) and have premium paid through his
KCC account....

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Revised Interest Rates on Government Small Savings Schemes

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‘Doubling Farmers’ Income by 2022’ - Measures
Government of India
in the Union Budget 2016-17 had announced its resolve to double the income of
farmers by 2022. The strategy to
achieve this goal, inter-alia, include, -         Focus on large budget irrigation -         Provision of quality seeds and nu...

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Credit Facilities to Minority Communities
following communities have been notified as minority communities: (a)      Sikhs (b)     Muslims (c)      Christians (d)     Zoroastrians (e)      Buddhists (f)       Jains With
a view to monitor Bank’s lending to this community, data on credit assistan...
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