Page 44 - Banking Finance MAY 2017

RBI CIRCULAR

Sr State Associate Bank District Lead Bank Responsibility
No. assigned to:

4 Rajasthan State Bank of Bikaner & Jaipur i) Barmer, ii) Bikaner State Bank of India
iii) Hanumangarh, iv) Jaisalmer
v) Jalore, vi) Pali, vii) Rajsamand
viii) Sirohi, ix) Udaipur
5 Telangana State Bank of Hyderabad i) Adilabad, ii) Nirmal State Bank of India
iii) Komram Bheem, iv) Karimnagar
v) Khammam, vi) Bhadradri,
vii) Nalgonda, viii) Suryapet
ix) Nizamabad, x) Jangaon (New)
xi) Jayashankar, xii) Ranga Reddy
xiii) Vikarabad, xiv) Hyderabad

3. There is no change in the lead bank responsibility of 4. The directions contained in this circular have been
other districts across the country. issued under Section 10(4) and Section 11(1) of the
Foreign Exchange Management Act, 1999 (42 of 1999)
Yours faithfully and are without prejudice to permissions / approvals,
(Ajay Kumar Misra) if any, required under any other law.
Chief General Manager
Yours faithfully,
Purchase of foreign exchange from foreign (Shekhar Bhatnagar)
citizens and others Chief General Manager-In-Charge

RBI/2016-17/263
Rationalisation of Merchant Discount Rate
A.P. (DIR Series) Circular No. 42
(MDR) for Debit Card Transactions -
1. Attention of Authorized Persons is invited to the A.P. Continuance of Special Measures
(DIR Series) Circulars No. 20, 22 and 24 dated November
RBI/2016-17/264
25, 2016, December 16, 2016 and January 3, 2017
respectively, permitting foreign citizens (i.e. foreign DPSS.CO.PD No.2737/02.14.003/2016-17
passport holders) to exchange foreign exchange for
Indian currency notes up to a limit of Rs. 5000/- per 1. A reference is invited to our circular
week till January 31, 2017. DPSS.CO.PD.No.1515/ 02.14.003/ 2016-17 dated
2. On a review of the provisions contained in these December 16, 2016 wherein special measures for debit
circulars, in line with restoration of limits on cash card transactions (including for payments made to
withdrawals from bank accounts and ATMs, it has been Government) were introduced for a temporary period
decided to restore status quo ante regarding purchase starting January 1, 2017 through March 31, 2017.
of foreign exchange from customers by authorised Further, attention is also invited to "Draft Circular -
persons as mentioned in paragraph 4.4 (e) (iii) of Annex Rationalisation of Merchant Discount Rate (MDR) for
to A.P. (DIR Series) Circular No.17 dated November 27, Debit Card Transactions" dated February 16, 2017
2009. wherein comments from the public were sought for the
proposed MDR framework for debit card transactions
3. Authorised Persons may follow the above instructions
till February 28, 2017.
and bring the contents of this circular to the notice of
their constituents. 2. Reserve Bank of India has since received feedback from

44 | 2017 | MAY | BANKING FINANCE

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