RBI/2021-22/131
DCM (Admin) No.S472/19.01.010/2021-22 November 16, 2021 The Chairman / Managing Director
The Chief Executive Officer
All Banks Madam / Dear Sir, Withdrawal of Obsolete Regulatory Circulars/ Instructions - Interim Recommendations of the Regulations Review Authority 2.0 Please refer to the Press Release on Interim Recommendations of the Regulations Review Authority (RRA) 2.0 dated November 16, 2021. 2. A comprehensive review of the circulars issued by the Department of Currency Management was undertaken as part of the rationalisation exercise under RRA 2.0 and as per recommendations of the RRA, the regulatory instructions / circulars listed in the Annex stand withdrawn with immediate effect. Yours faithfully, (Suman Ray)
Chief General Manager-in-Charge Encl: As above
Annex List of Circulars withdrawn with effect from November 16, 2021 | S. No | Circular Referred | Date | Subject | | 1 | DCM.NPDA.No.688/09.39.00/2001-02 | March 22, 2002 | Presence of chest representatives at the time of examination of soiled notes in the Reserve Bank | | 2 | DCM.(NPD).No.G30/09.39.00/2001-02 | March 23, 2002 | Incentive for improving service to non- chest branches | | 3 | DCM.(NPDA).No.G-1/09.39.00/2002-03 | July 05, 2002 | Presence of chest representatives at the time of examination of soiled notes in the Reserve Bank | | 4 | DCM.(NPD).No.G-9/09.39.00/2002-03 | September 23, 2002 | Incentive for improving service to non- chest branches - Clarification | | 5 | DCM.(Plg).No.982/10.87.05/2002-03 | December 20, 2002 | Clean Note Policy | | 6 | DCM.(NPD).No.317/09.39.00/2003-04 | October 11, 2003 | Clean Note Policy - Banding of Note Packets- Use of stickers, etc | | 7 | DCM.(NPD).No.402/09.39.00/2004-05 | February 22, 2005 | Clean Note Policy- Sorting of Banknotes | | 8 | DCM(CD)No.816/04.36.03/2005-06 | July 25, 2005 | Computerization of Currency Chest Operations | | 9 | DCM.(NPD).No.6316/09.40.02/2006-07 | March 09, 2007 | Incentive for improving service to non- chest branches | | |