Get the free Master Circular on Branch Authorisation - bu

Provides a framework of rules, regulations, and procedures for banks in India regarding the opening, shifting, and closing of branches, as mandated by the Banking Regulation Act, 1949.

How to fill out master circular on branch

How to fill out Master Circular on Branch Authorisation

1. Obtain a copy of the Master Circular on Branch Authorisation from the regulatory authority.
2. Read through the Master Circular carefully to understand the requirements and guidelines.
3. Gather all necessary documents required for the application, such as identification and business credentials.
4. Fill out the application form accurately, ensuring all details match the supporting documents.
5. Specify the purpose and scope of the branch you intend to open in the application form.
6. Submit the completed application along with the required fees and supporting documentation to the relevant authority.
7. Keep track of the application status and respond promptly to any requests for additional information.

Who needs Master Circular on Branch Authorisation?

1. Banks looking to expand their operations by opening new branches.
2. Financial institutions needing to comply with regulatory requirements for branch establishment.
3. Businesses that wish to operate in a different geographic location and need branch authorization.

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Banks will now be able to charge more as interchange fees for providing ATM services to customers of other banks. The interchange charge for financial transactions has increased from Rs 15 to Rs 17, while non-financial transactions will be Rs 6 instead of Rs 5.

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What is master circular?

The instructions that are in effect as of the date of this circular have been compiled into one document called the Master Circular. These instructions can be found in other circulars that have been issued by the RBI on the same subject.

What are the new rules for banks in 2025?

Revised charges for exceeding free limits from May 1, 2025 If customers exceed their monthly free transaction limits, banks are permitted to charge a maximum of Rs 23 per transaction. This cap applies to both financial and non-financial transactions. In addition, applicable taxes will be charged separately.

What are the new rules for banks?

Banks will have to give 90 days' notice and a clear explanation before shutting accounts from April 2026 under new rules to protect customers from unfair account closures known as 'de-banking'.

What is the master circular on wilful defaulters dated july 01 2015?

Master Circular on Wilful Defaulters dated July 1, 2015 envisages lenders agreeing to compromise settlement with borrowers classified as wilful defaulters and states that such cases need not be reported to Credit Information Companies provided inter alia that, “the borrower has fully paid the compromised amount.”

What is the RBI new rule?

Under the new guidelines, customers will be entitled to a set number of free ATM transactions each month — three in metropolitan areas and five in non-metropolitan regions. These free transactions include both financial and non-financial activities.

For pdfFiller’s FAQs

What is Master Circular on Branch Authorisation?

The Master Circular on Branch Authorisation is a regulatory guideline issued by banking authorities that outlines the procedures and requirements for banks to obtain permission for opening new branches.

Who is required to file Master Circular on Branch Authorisation?

Commercial banks and financial institutions that wish to establish new branches are required to file under the Master Circular on Branch Authorisation.

How to fill out Master Circular on Branch Authorisation?

To fill out the Master Circular on Branch Authorisation, banks must provide detailed information including the proposed location of the new branch, the rationale for its establishment, and compliance with regulatory requirements.

What is the purpose of Master Circular on Branch Authorisation?

The purpose of the Master Circular on Branch Authorisation is to ensure a systematic and uniform approach for banks seeking to expand their operations while adhering to regulatory standards and facilitating financial stability.

What information must be reported on Master Circular on Branch Authorisation?

Banks must report information such as the geographical location of the proposed branch, expected customer base, financial projections, and compliance with local and national banking regulations.