Citizens Charter - RBI - Reserve Bank of India
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Citizens' Charter
| Sl. No. | Service | Timeline (days)i |
Submission Mode |
| Currency Chests | |||
| 1 | Application for new Currency Chest facility for banks not having Memorandum of Agreement (MoA) with RBI | 30 | PRAVAAH |
| 2 | Closure of Currency Chests | 30 | PRAVAAH |
| 3 | Opening of Currency Chests – In-principle approval | 30 | PRAVAAH |
| 4 | Opening of Currency Chests – Final approval | 30 | PRAVAAH |
| 5 | Shifting or Expansion of Currency Chests – In-principle approval | 30 | PRAVAAH |
| 6 | Shifting or Expansion of Currency Chests – Final approval | 30 | PRAVAAH |
| Notes | |||
| 7 | Exchange of Notes received through postal covers | 7 | Offline ^ |
| 8 | Exchange of Notes received under Triple Lock Receptacles (TLRs) | 7 | Over The Counter* |
| 9 | Exchange of Notes that cannot withstand normal handling | 30 | Offline ^ |
| Sl. No. | Service | Timeline (days)i |
Submission Mode |
| Challans | |||
| 10 | Delivery of receipted challans tendered with cash | 20 minutes | Over The Counter |
| 11 | Delivery of receipted challans tendered with cheques issued by Government departments maintaining accounts with RBI | 20 minutes | Over The Counter |
| 12 | Delivery of receipted challans tendered with cheques drawn on other banks | 3 | Over The Counter |
| Financial instruments | |||
| 13 | Issue of cheque books | 20 minutes | Over The Counter |
| 14 | Issue of demand drafts | 60 minutes | Over The Counter |
| Funds transfer and cash transactions | |||
| 15 | Cash withdrawal by Government departments through cheques | 20 minutes | Over The Counter |
| 16 | Deposit of cash by bank maintaining current account with RBI | 15 minutes | Over The Counter |
| 17 | Transfer of funds (from one bank's current account to another bank's current account in RBI) | 15 minutes | Over The Counter |
| 18 | Withdrawal of cash by bank maintaining current account with RBI | 20 minutes | Over The Counter |
| Refinance facility | |||
| 19 | Refinance facility and disbursement of loans | 3 hours | Over The Counter |
| Special Deposit Scheme 1975 - Account Transfer | |||
| 20 | Applications from SBI GAD for transfer of Special Deposit Scheme 1975 accounts from other agency banks to SBI SSB, Mumbai branch | 10 | PRAVAAH |
| Sl. No. | Service | Timeline (days)i |
Submission Mode |
| 21 | Approval for commencement of eligible activity under guidelines on regulation of Payment Aggregator- Cross Border (PA- Cross Border) | 30 | PRAVAAH |
| 22 | General Purpose Application - Payment and Settlement Systems | 30 | PRAVAAH |
| 23 | Issue of Certificate of Authorisation (CoA) - After receipt of System Audit Report (SAR) (In case there are subsequent changes after receipt of SAR viz., change in promoters / directors, fresh investments etc., the timeline is 60 days) | 30 | PRAVAAH |
| 24 | Renewal of CoA | 30 | PRAVAAH |
| 25 | Voluntary surrender of CoA by Payment System Operators (PSOs) | 30 | PRAVAAH |
| 26 | Approval in case of takeover / acquisition of control of non-bank PSOs (timeline is not applicable for application received from overseas Principal under MTSS) |
45 | PRAVAAH |
| 27 | Application for Membership to Centralised Payment Systems | 60 | PRAVAAH |
| 28 | Authorisation to set up a payment system under PSS Act, 2007 - In-principle Authorisation (timeline is not applicable when a new category of payment system is introduced) | 90 | PRAVAAH |
| Sr. No. | Description of Service | Time taken for providing service |
|---|---|---|
| 1. | Issue of Duplicate Securities (a) G.P.Notes |
3 months from the date of publication in the Government Gazette |
| (b) Duplicate Receipt | Within 2 days of admission of claim | |
| 2. | Payment of Interest Warrant | |
| (a) Stock Certificate | On due date | |
| (b) S.G.L. | On due date | |
| (c) Saving Bonds | On due date | |
| 3. | (a) Transfer / Invocation of Pledge, Lien, etc. | 4 days |
| (b) Change of enfacement | 2 days from the date of receipt of special cancellation advice from the parent PDO | |
| (c) Conversion | 4 days | |
| 4. | Credit to SGL account | 3 days |
| 5. | Issue of scrip by debit to SGL | 2 days |
| 6. | Receipt of Securities for repayment | 5 days |
| 7. | SGL Transfer | 1 day |
| 8. | Registration of Power of Attorney and Certification | 1 day |
| 9. | Other Services | |
| (a) Examination | 1 day | |
| (b) Certificate of Registry of sale power | 1 day | |
| (c) Renewal | 6 days | |
| (d) Withdrawal from safe custody | 1 day | |
| 10. | Revalidation of Interest Warrant | 1 day |
| 11. | Registration of Nomination | 1 day |
| 12. | Registration and Revocation of Pledge, Lien, etc. | |
| (a) Stock Certificate | 3 days | |
| (b) S.G.L. | 1 day | |
| Sr. No. | Description of Service | Time taken for providing service |
|---|---|---|
| 1. | Issue of Coins | Within 15 mins (depending on volume of the tender) |
| 2. | Receipt of Coins | Within 15 mins (depending on volume of the tender) |
| 3. | Exchange of Soiled notes | Within 15 mins (depending on volume of the tender) |
| 4. | Exchange of Defective/ Mutilated notes | Within 30 mins (depending on volume of the tender) |
| *Provision of service provided may vary across Offices. | ||