RBI allow currency chest holding banks to enhance service charge

By | January 21, 2016

Source :Reserve Bank of India

RBI/2015-16/293
DCM (NPD) No. 2564/09.40.02/2015-16

January 21, 2016

The Chairman & Managing Director
Managing Director / Chief Executive Officer
All Banks having currency chests

Dear Sir / Madam,

Incentive for improving service to non-chest branches under Linkage Scheme

Please refer to our circular DCM (NPD) No. 6316 / 09.40.02 / 2006-07 dated March 9, 2007 on the captioned subject. It has been decided to allow the currency chest holding banks to enhance the service charges to be levied on cash deposited by non-chest bank branches from the existing rate of ₹ 2/- per packet of 100 pieces to ₹ 5/- per packet. These instructions come into effect from February 1, 2016. The non-chest bank branches linked with currency chests may be advised well in advance of the revised rates.

2. Please acknowledge receipt.

Yours faithfully,

(M K Mall)
General Manager (Officer-in-Charge)

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