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.

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