Please find the following update under RBI
The Reserve Bank of India (RBI) has issued revisions to the Master Circular on the Payment of Agency Commission to agency banks, particularly updating paragraphs 13 and 8(c).
Revision of Agency Commission Rates (Para 13)
Effective from April 1, 2025, the following revised agency commission rates shall apply:
| Sr. No. | Type of Transaction | Unit | Revised Rate |
|---|---|---|---|
| a. (i) | Receipts – Physical mode | Per transaction | ₹40/- |
| a. (ii) | Receipts – e-mode | Per transaction | ₹12/- |
| b. | Pension Payments | Per transaction | ₹80/- |
| c. | Payments other than Pension | Per ₹100 turnover | ₹0.07 (7 paise) |
Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12871&Mode=0
About the Author
