**Summary:**
This notification, RBI2019-20/11 DBR.No.Ret.BC.0112/06.162/2019-20, issued by the Reserve Bank of India (RBI) on July 3, 2019, formally announces the inclusion of India Post Payments Bank Limited (IPPB) in the Second Schedule of the Reserve Bank of India Act, 1934. This inclusion was enacted vide Notification DBR.NBD.PB/IPPB.No.9980/16.13.215/2018-19 dated May 27, 2019, and published in the Gazette of India Part III Section 4 dated June 22 - June 28, 2019. The notification is addressed to all Scheduled Commercial Banks. Further inquiries can be directed to S.M. Parida, General Manager, Department of Banking Regulation, Central Office, 5th floor, Amar Building, Sir P. M. Road, Mumbai-400001. Contact can be made via Tel No: 022-22603000 or Email ID: returnscorbi.org.in.
Key Entities Referenced
India Post Payments Bank Limited: A payments bank in India, included in the Second Schedule of the Reserve Bank of India Act, 1934.
Reserve Bank of India Act, 1934: An act of the Parliament of India that governs the Reserve Bank of India.
Second Schedule: A schedule to the Reserve Bank of India Act, 1934, listing banks that the RBI can provide certain facilities to.
DBR.NBD.PBIPPB.No.998016.13.215201819: Notification number related to the inclusion of India Post Payments Bank Limited in the Second Schedule.
Gazette of India: An official journal of the government of India, where the notification regarding India Post Payments Bank Limited was published.
S M Parida: General Manager at Department of Banking Regulation, Central Office, Reserve Bank of India.
Department of Banking Regulation: A department within the Reserve Bank of India.
Mumbai, Maharashtra: City in India where the Central Office of Department of Banking Regulation is located.
RBI/2019-20/11
DBR.No.Ret.BC.01/12.06.162/2019-20 July 03, 2019
All Scheduled Commercial Banks
Dear Sir/Madam
Inclusion of “India Post Payments Bank Limited” in the Second Schedule
of the Reserve Bank of India Act, 1934
We advise that the “India Post Payments Bank Limited” has been included in the
Second Schedule to the Reserve Bank of India Act, 1934 vide Notification
DBR.NBD.(PB-IPPB).No.9980/16.13.215/2018-19 dated May 27, 2019 and
published in the Gazette of India (Part III - Section 4) dated June 22- June 28,
2019.
Yours faithfully
(S M Parida)
General Manager
ब��कंग �व�नयमन �वभाग, क�द्र�य कायार्लय, 5वीं मंिजल, अमर भवन, सर पी एम रोड, मुंबई 400001
Department of Banking Regulation, Central Office, 5th floor, Amar Building, Sir P. M. Road, Mumbai-400001
टेल�फोन/Tel No:022-22603000 Email ID: returnsco@rbi.org.in