RBI Update – Review of Extant Instructions – Withdrawal of Circulars

List of circulars withdrawn

Sr. No.Circular No.DateSubjectRationale for withdrawal
1.RPCD.No.SP.BC.14/PS.160-87/88July 31, 1987Credit facilities to Minority CommunitiesThe reporting formats prescribed in these circulars had been modified and the periodicity has been changed. The updated instructions are reflected in the Master Circular on Credit Facilities to Minority Communities dated April 01, 2023.
2.RPCD.No.SP.BC.45/PS.160-87/88October 16, 1987Credit facilities to Minority Communities
3.RPCD.No.SP.BC.46/PS.160/88-89November 17, 1988Credit facilities to Minority Communities
4.RPCD.CO.FID.BC.No.2433/12.01.012/2010-11August 26, 2010Opening of No-Frills accounts by students for availing various Government ScholarshipsThe nomenclature “No frills account” has been discontinued, and the extant provisions of Basic Savings Bank Deposit Account (BSBDA) as normal banking service for all customers is in vogue.
5.RPCD.FID.BC.No.53/12.01.001/2010-11February 14, 2011Master Circular on Micro CreditThe guidelines contained in the circular have been subsumed under Master Circular on SHG- Bank linkage dated April 1, 2024Master Direction – Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Master Directions – Priority Sector Lending (PSL) – Targets and Classification

Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12731&Mode=0

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