Tuesday, March 20, 2018

Agency commission payable to banks for operating Special Deposit Scheme



Reading is boring at times. So why not click on the link and simply listen to it
 
It has been decided that henceforth agency commission claims on SDS related transactions (where mirror accounts are maintained in RBI) will be settled at Central Accounts Section (CAS), Nagpur, with immediate effect.
The claims are to be submitted on quarterly basis.
However, agency banks will continue to claim reimbursement of interest paid and withdrawal from SDS accounts from the respective Regional Offices of RBI in which the mirror accounts are maintained.
Based on RBI notification sated 15th March 2018. For further clarity visit www.rbi.org.in .............. Poppy

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