Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission
The Reserve Bank of India issues a revised Master Circular on the conduct of government business by agency banks regarding the payment of agency commission. This circular consolidates crucial instructions on the subject issued by the RBI until March 31, 2024. Agency banks are advised to refer to the updated circular for guidance.
RESERVE BANK OF INDIA
RBI/2024-25/07
CO.DGBA.GBD.No.S2/31-12-010/2024-2025
April 1, 2024
All Agency Banks
Madam / Dear Sir
Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission
Please refer to our Master Circular RBI/2023-24/07, CO.DGBA.GBD.No.S1/31-12-010/2023-2024 dated April 1, 2023 on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till March 31, 2024.
2. A copy of the revised Master Circular is enclosed for your information. This Circular may also be downloaded from our website https://mastercirculars.rbi.org.in.
Yours faithfully
(Indranil Chakraborty)
Chief General Manager
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