Page 49 - Banking Finance JANUARY 2017

RBI CIRCULAR

discretion of an officer in the rank of General Manager Additional Facilities
and above. The current account holders (applicable to Current Accounts
which are operational for last three months or more) are
Yours faithfully allowed to withdraw up to Rs 50000 in a week. Such tenders
(P Vijaya Kumar) will be disbursed predominantly in Rs 2000 denomination only.
Chief General Manager
Banks may deploy their Micro ATMs (Bala Mitras, etc) near
village Panchayat Offices, Police Stations/ Police and military
Reporting and Monitoring - Information on
Outposts, Government Departments, offices of Public Sector
Issuance of Banknotes Over the Counters Units, Petrol Pumps and other similar secure locations. As
/ ATMs it may entail larger volume of cash requirements, Banks
may enhance the limits of the micro ATMs to at least Rs
RBI/2016-17/128 50,000 and allow frequent replenishment of cash to them.

DCM (Plg) No.1268/10.27.00/2016-17 For providing exchange / deposit/ withdrawal facility to
people residing in remote/ unbanked areas, banks may
Dear Sir, consider using mobile vans.
1. Please refer to our Circular DCM (Plg) No.1264/
Banks should, in a camp mode, open accounts for Tea/
10.27.00/2016-17 dated November 11, 2016 on coffee and other plantation workers, employees of Sugar
Withdrawal of Legal Tender Character of existing Rs cooperatives, dairy farms and such other worker groups
500/- and Rs 1000/- Bank Notes - Reporting and with concentrated payment locations so that they may be
Monitoring.
better served in terms of deposit into accounts and
2. In continuation of the above, it has been decided that withdrawal therefrom.
the banks need to furnish daily data on cash
withdrawals over the counter and through ATMs. We reiterate that in order to cope with the increased work
Accordingly, Annex 6A has been modified. To facilitate load banks may consider hiring retired employees for a short
period.
consolidation of data it is requested to provide data in
the attached Excel file in addition to the Annex 6A from Monitoring
November 13, 2016 onwards. Please note that daily Banks have to ensure that the customers use separate pay-
reports should be mailed. in-slips for depositing specified bank notes and other legal
tender bank notes.(If a depositor has a mixed bunch of SBN
Yours faithfully, and legal tender notes, he has to segregate them and
(P Vijaya Kumar) submit two separate Pay-in slips). Banks have to put in
Chief General Manager place, within CBS, a mechanism to maintain a record of
receipts of SBNs customer-wise and denomination wise
Expanding the Distribution Locations for whether for exchange or for deposit by way of a flag to
Deposit and Withdrawal of Cash facilitate subsequent verification.
RBI/2016-17/131 Yours faithfully,
(P Vijaya Kumar)
DCM (Plg) No. 1274/10.27.00/2016-17
Chief General Manager
Dear Sir,
Please refer to our Circular No. DCM (Plg) No.1226/ Usage of ATMs - Waiver of Customer
10.27.00/2016-17 dated November 08, 2016 on the Charges
captioned subject. With a view to widen the existing
facilities to exchange/ deposit the specified bank notes and RBI/2016-17/132
withdraw cash from their accounts, banks are advised to DPSS.CO.PD.No.1240/02.10.004/2016-2017
put in place the following additional measures so that
member public enjoy as much convenience as possible in Dear Madam/ Sir,
availing the facility. 1. A reference is invited to the circular DPSS.CO.

BANKING FINANCE | JANUARY | 2017 | 49

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