RBI Issues Scheme of Penalties for Bank Branches & Currency Chests for Deficiency in Rendering Customer Service
- Blog|News|FEMA & Banking|
- < 1 minute
- By Taxmann
- |
- Last Updated on 3 April, 2024
Latest from Taxmann
Circular No. RBI/DCM/2024-25/112 DCM(CC) No.G-1/03.44.01/2024-25, Dated: 01.04.2024
The Reserve Bank of India has issued a circular maintaining the quality of customer service in the banking industry through its Scheme of Penalties for bank branches and Currency Chests. This scheme is designed to promote efficient customer service, uphold operational guidelines, and enforce compliance with the Clean Note Policy. The penalty will be levied for Shortages of notes in soiled note remittances and shortages of notes and coins in currency chest balances.
Click Here To Read The Full Circular
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
