Category: Notifications

RBI/2020-21/112
DGBA.GBD.No.S212/42.01.029/2020-21

March 25, 2021

All Agency Banks

Dear Sir / Madam

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2020-21)

All government transactions done by agency banks for Financial Year 2020-21 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Government transactions for March 31, 2021.

2. All agency banks should keep their designated branches open for over the counter transactions related to government transactions upto the normal working hours on March 31, 2021.

3. Transactions through National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) System will continue upto 2400 hours as hitherto on March 31, 2021.

4. Special clearing will be conducted for collection of government cheques on March 31, 2021 for which the Department of Payment and Settlement Systems (DPSS), RBI will issue necessary instructions.

5. Regarding reporting of Central and State Government transactions to RBI, including uploading of GST / e-receipts luggage files, the reporting window of March 31, 2021 will be extended and kept open till 1200 hours on April 1, 2021.

6. Agency banks may take note and give adequate publicity to the special arrangements made as above.

Yours faithfully

(R. Kamalakannan)
Chief General Manager

RBI/2020-21/111
DOR.AML.BC.No.50/14.06.001/2020-21

March 24, 2021

The Chairpersons/CEOs of all the Regulated Entities

Madam/Dear Sir,

Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List – Amendment of 8 entries

Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on March 23, 2021, in terms of which “Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activities (Prevention) (UAPA) Act, 1967, they do not have any account in the name of individuals/entities appearing in the lists of individuals and entities, suspected of having terrorist links, which are approved by and periodically circulated by the United Nations Security Council (UNSC).”

2. In this regard, Ministry of External Affairs (MEA) has now forwarded the following Press Release issued by the United Nations Security Council (UNSC) Committee established pursuant to Resolutions 1267 (1999), 1989 (2011) and 2253 (2015) concerning ISIL (Da’esh), Al-Qaida, and associated individuals, groups, undertakings and entities regarding changes in the List of individuals and entities subject to the assets freeze, travel ban and arms embargo set out in paragraph 1 of UNSC resolution 2368 (2017), and adopted under Chapter VII of the Charter of the United Nations.

Note SC/14473 dated 23 March 2021 regarding amendment of 8 individuals in UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List viz. [QDi.253 Name: 1: KHALIFA 2: MUHAMMAD 3: TURKI 4: AL-SUBAIY, QDi.326 Name: 1: HAMID 2: HAMAD 3: HAMID 4: AL-‘ALI, QDi.334 Name: 1: ‘ABD AL-RAHMAN 2: BIN ‘UMAYR 3: AL-NU’AYMI 4: na, QDi.343 Name: 1: ASHRAF 2: MUHAMMAD 3: YUSUF 4: ‘UTHMAN ‘ABD AL-SALAM, QDi.344 Name: 1: IBRAHIM 2: ‘ISA HAJJI 3: MUHAMMAD 4: AL-BAKR, QDi.346 Name: 1: ‘ABD AL-MALIK 2: MUHAMMAD 3: YUSUF 4: ‘UTHMAN ‘ABD AL-SALAM, QDi.380 Name: 1: ABD AL-LATIF 2: BIN ABDALLAH 3: SALIH MUHAMMAD 4: AL-KAWARI and QDi.382 Name: 1: SA’D 2: BIN SA’D 3: MUHAMMAD SHARIYAN 4: AL-KA’BI]

The UNSC press release concerning amendments to the list is available at URL: https://www.un.org/securitycouncil/sanctions/1267/press-releases

3. Updated lists of individuals and entities linked to ISIL (Da’esh), Al-Qaida and Taliban are available at:

www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list

https://www.un.org/securitycouncil/sanctions/1988/materials

4. The details of the sanctions measures and exemptions are available at the following URL: https://www.un.org/securitycouncil/sanctions/1267#further_information

5. As per the instructions from the Ministry of Home Affairs (MHA), any request for delisting received by any Regulated Entity (RE) is to be forwarded electronically to Joint Secretary (CTCR), MHA for consideration. Individuals, groups, undertakings or entities seeking to be removed from the Security Council’s ISIL (Da’esh) and Al-Qaida Sanctions List can submit their request for delisting to an independent and impartial Ombudsperson who has been appointed by the United Nations Secretary-General. More details are available at the following URL: https://www.un.org/securitycouncil/ombudsperson/application

6. In view of the above, REs are advised to take note of the aforementioned UNSC communication and ensure meticulous compliance.

Yours faithfully,

(Vivek Srivastava)
General Manager

RBI/2020-21/110
DOR.AML.REC.48/14.01.001/2020-21

March 23, 2021

The Chairpersons/ CEOs of all the Regulated Entities

Dear Sir/Madam,

Amendment to Master Direction (MD) on KYC – Procedure for Implementation of Section
51A of the Unlawful Activities (Prevention) Act, 1967

Please refer to Chapter IX (‘Requirements/obligations under International Agreements Communications from International Agencies’) of the Master Direction on KYC dated February 25, 2016. In terms of instructions contained therein, Regulated Entities (REs) have been instructed, inter alia, that the procedure laid down in the Unlawful Activities (Prevention) Act, 1967, (UAPA) Order dated March 14, 2019, as provided in the Annex-II to the Master Direction, shall be strictly followed and meticulous compliance with the order issued by the Government shall be ensured.

2. In this regard, Ministry of Home Affairs (MHA) has issued a revised order dated February 2, 2021, in supersession of the earlier order dated March 14, 2019.

3. In line with the revised order dated February 2, 2021, issued by the MHA, Sections 52 and 54 of the Master Direction on KYC dated February 25, 2016, are hereby amended.

4. Further, Section 54 has been amended to include the following:

“The list of Nodal Officers for UAPA is available on the website of Ministry of Home Affairs.”

5. These changes in the Master Direction shall come into force with immediate effect.

Yours faithfully,

(Thomas Mathew)
Chief General Manager

RBI/2020-21/109
DOR.No.CRE.BC.47/21.01.003/2020-21

March 23, 2021

All Scheduled Commercial Banks
(Excluding Small Finance Banks, Payments Banks
Local Area Banks and Regional Rural Banks)

Dear Sir/Madam,

Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures

Please refer to circular No.DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020 on Large Exposures Framework (LEF).

2. On a review it has been decided that non-centrally cleared derivatives exposures will continue to be outside the purview of exposure limits till September 30, 2021.

Yours faithfully,

(Manoranjan Mishra)
Chief General Manager