Page 53 - Banking Finance November 2019

RBI CIRCULAR

maintain complete bank level details (e.g. bank category, programme of the Government of India. The allotment
bank-group, bank code, type of license issued, of the identified district to a bank should be done, as
registration details, area of operation, addresses of far as possible, through mutual consultation and
offices, contact details of senior officials, etc.) and history voluntary acceptance by the bank.
of all the changes with time stamp. After gaining first 4. Further, SLBC/ UTLBC Convenor Banks are advised to
time access of the system, banks shall ensure to submit monitor the progress made in this regard on a quarterly
correct and updated Bank Level information in all the basis and report the same to concerned Regional
fields where submission / updation rights are available Offices/ Sub-Offices of the Reserve Bank of India.
with the bank. After initial submission of information on
CISBI portal, a one-time confirmation stating that (Gautam Prasad Borah)
“Correct and updated Bank level information has been Chief General Manager-in-Charge
submitted on CISBI” shall be sent by banks to the
concerned Regional Office of Department of Co- Remittance of government receipts
operative Bank Supervision within one month of issuance
of this circular. Any subsequent changes in the bank level (physical receipts) to Government
information shall be submitted for updation on the CISBI account
portal on immediate basis by the banks. RBI/2019-20/71
8. These instructions are being issued in supersession of September 26, 2019
all the instructions issued on the subject so far.
1. Please refer to the Office Memorandum No. S-11012/
(Mala Sinha) 1(31)/AC(22)/2015/RBD/332-424 dated March 9, 2016
General Manager-In-Charge issued by Office of Controller General of Accounts, Ministry
of Finance (copy enclosed) along with our Circulars
Expanding and Deepening of Digital DGBA.GAD.No.H-11763/42.01.011/2006-07 dated January
24, 2007, DGBA.GAD.No.H-7790/42.01.011/2009-10
Payments Ecosystem dated April 7, 2010 and DGBA.GAD No.H-3203/42.01.011/
RBI/2019-20/79 2014-15 January 21, 2015 on the above subject.
October 7, 2019 2. O/o CGA, vide OM No. S-11012/2/3(17)/RBI/2018/GBA/
1558-1606 dated September 19, 2019 (copy enclosed)
1. Please refer to para – 8 of Statement on Developmental has prescribed revised timelines for credit of physical
and Regulatory Policies of the Fourth Bi-Monthly government receipts into government accounts at RBI,
Monetary Policy dated October 4, 2019 on the in supersession of earlier instructions on this matter.
captioned subject. 3. As per the above referred OM, the instructions become
2. With a view to expanding and deepening the digital effective from October 1, 2019.
payments ecosystem, it has been decided that all State/ 4. Agency banks are advised to take necessary action.
UT Level Bankers Committees (SLBCs/ UTLBCs) shall
identify one district in their respective States/ UTs on a (Charulatha S. Kar)
pilot basis in consultation with banks and stakeholders. Chief General Manager
The identified district shall be allotted to a bank having
significant footprint which will endeavour to make the Recovery of Interest on delayed
district 100% digitally enabled within one year, in order
to enable every individual in the district to make/ remittance of Government Receipts into
receive payments digitally in a safe, secure, quick, Government Account
affordable and convenient manner. This would, inter RBI/2019-20/70
alia, include providing the necessary infrastructure and September 26, 2019
literacy to handle such transactions.
3. SLBCs/ UTLBCs shall endeavour to ensure that to the 1. Please refer to our circular DGBA.GAD.No.H-4831/
extent possible, districts identified are converged with 42.01.011/2012-13 dated February 13, 2013 wherein,
the ‘Transformation of Aspirational Districts’ in order to bring uniformity in the procedure of

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