Page 50 - BANKING FINANCE APRIL 2017
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RBI CIRCULAR
Pradhan Mantri Garib Kalyan Deposit deposit are then entered in the Bank's e-kuber application
which generates a "Subscription Receipt". The "Subscription
Scheme (PMGKDS), 2016 - Clarification
Receipt" which is a system generated receipt, has an "Issue
RBI/2016-17/251 Reference No". This reference number will need to be
IDMD. CDD. No. 2347/14.04.051/2016-17 quoted by the investor in the Form V of Income Tax
Authorities, prior to uploading the same.
Please refer to our letter IDMD.No.1451/08.03.016/2016-
17 dated December 16, 2016 and Notification No. In order to bring in greater clarity, the nomenclature of
S.O.4061(E) dated December 16, 2016 issued by the "Issue Reference No" generated by e-kuber is being
Government of India about announcement of "Pradan renamed as "Deposit Reference No". Necessary changes
Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016. It have been made in RBI's e-Kuber application to reflect this
has been brought to our notice that there is lack of clarity change. The staff of receiving banks under PMGKDS may
amongst investors on the reference number that needs to be sensitized to take note of above changes and advise the
be quoted on Form V while uploading the same to the depositors of PMGKDS, 2016 accordingly.
Income tax Authorities.
Yours faithfully,
Currently, banks are issuing an acknowledgement for having (A. Mangalagiri)
received the amounts under PMGKDS. The details of the Chief General Manager
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Payment Options:
1. By Demand Draft / Payable at par cheque in favour of “SASHI PUBLICATIONS PRIVATE LIMITED”.
2. Direct ECS/deposit cash in our bank account number 402120110000327 of “SASHI PUBLICATIONS PRIVATE LIMITED”,
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50 | 2017 | APRIL | BANKING FINANCE
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