FEMA : Master Directions : Framework of Incentives for Currency Distribution & Exchange Scheme | Scheme of Penalties for bank branches | Penal Provisions in reporting of transactions/ balances at Currency Chests | Counterfeit Notes, 2023 for Detection, Reporting & Monitoring(06.04.2023)

FEMA :

• • Master Directions issued on Framework of Incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests based on performance in rendering customer service to the members of public. [Notification No. RBI/2023-24/99 DCM (CC) No.G-5/03.41.01/2023-24 dated 3^rd April 2023]

   

  • Master Directions issued on Scheme of Penalties for bank branches and Currency Chests for deficiency in rendering customer service to the members of public. [Notification No. RBI/2023-24/100 DCM (CC) No.G-3/03.44.01/2023-24 dated 3^rd April 2023]

   

  • Master Direction issued w.r.t. Penal Provisions in reporting of transactions/ balances at Currency Chests. [Notification No. RBI/2023-24/101
    DCM (CC) No.G-4/03.35.01/2023-24 dated 3^rd April 2023]

   

  • Master Directions issued on Counterfeit Notes, 2023 for Detection, Reporting and Monitoring. [Notification No. RBI/2023-24/98
    DCM (FNVD)/G-1/16.01.05/2023-24 dated 3^rd April 2023]