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RBI/2005-06/ 380
UBD.LS. (PCB).No. 49 / 07.01.000/2005-06
April 28, 2006
Chief Executive Officers of Primary (Urban) Cooperative Banks
Dear Sir,
Facilities at Extension Counters by Primary (
Urban) Cooperative Banks
Please refer to para 4.1 of our circular UBD.BL.No.
5/ 07.01.00/2003-04 dated July 22, 2003 on the captioned subject.
2. With a view to enable the banks to provide
better customer service, it has been decided to allow them to undertake following
limited transactions at the extension counters:
i. Deposit / withdrawal transactions
ii. Issue and encashment of drafts and mail
transfers
iii. Issue and encashment of travellers' cheques
iv. Collection of bills
v. Advances against fixed deposits of their
customers (within the sanctioning power of the concerned officials at the Extension
Counter)
vi. Disbursement of other loans (only for individuals) sanctioned
by the Head Office / base branch up to the limit of Rs.10.00 lakh only
3. Other things mentioned in our above-referred
circular remain unchanged.
4. Please acknowledge receipt of this circular
to the concerned Regional Office of this Department.
Yours faithfully,
( K.P.V. Karunakaran)
General Manager
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