**Summary:**
This circular, DBR.No.BAPD.BC.72/22.01.001/2015-16, issued by the Reserve Bank of India (RBI) on January 14, 2016, modifies the branch authorization policy outlined in circular DBOD. No. BL. BC. 137/22.01.001/2008-09 dated June 12, 2009, regarding off-site ATMs for all Scheduled Commercial Banks including Regional Rural Banks (RRBs). The key change is that banks are now permitted to offer all their products and services through ATM channels, provided the technology supports it and adequate fraud prevention measures are implemented. This removes the previous restrictions on the facilities offered through ATMs, as detailed in Annex IV of the earlier circular, and aims to provide banks with greater operational freedom.
For further information, contact Lily Vadera, Chief General Manager, Department of Banking Regulation, Central Office, Central Office Building, 13th Floor, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. Phone: 022-2266 1602, Fax: 022-2270 1237, Email: cgmicdbrcorbi.org.in, Website: www.rbi.org.in.
Key Entities Referenced
RRBs: Regional Rural Banks in India.
Reserve Bank of India: The central bank of India, responsible for regulating the banking sector.
Banking Regulation Act, 1949: An act of the Parliament of India to regulate banking companies in India.
Scheduled Commercial Banks: Banks in India included in the Second Schedule to the Reserve Bank of India Act, 1934.
DBOD. No. BL. BC. 137/22.01.001/2008-09: Reference to a previous circular issued by the Reserve Bank of India.
Mumbai, Maharashtra: City in India, location of the Central Office of the Department of Banking Regulation.
Lily Vadera: Chief General Manager at the Reserve Bank of India.
Department of Banking Regulation: A department of Reserve Bank of India.
भारतीय �रज़व र् बक�
________________________RESERVE BANK OF INDIA________________________
www.rbi.org.in
RBI/2015-16/288
DBR.No.BAPD.BC.72 /22.01.001/2015-16 January 14, 2016
All Scheduled Commercial Banks
(Including RRBs)
Dear Sir/Madam,
Section 23 of Banking Regulation Act, 1949 -
Relaxations in Branch Authorisation Policy - Off Site ATMs
Please refer to circular DBOD. No. BL. BC. 137/22.01.001/2008-09 dated June 12,
2009, on the above subject, permitting Scheduled Commercial Banks to install off-site
ATMs at centres/places identified by them without having the need to take permission
from the Reserve Bank in each case subject to certain conditions as mentioned in
Annexure III thereof. Further, the facilities which can be provided through ATMs were
also advised in Annex IV of the above mentioned circular.
In partial modification of the above circular and with a view to providing operational
freedom to banks, it is advised that banks are now free to offer all their products and
services through the ATM channels provided the technology permits the same, and
adequate checks are put in place to prevent the channel from being misused to
perpetuate frauds on the banks/other genuine customers.
Yours faithfully,
(Lily Vadera)
Chief General Manager
ब��कंग �व�नयमन �वभाग, केन् द्र�य कायार्लय, केन् द्र�य कायार्लय भवन, 13वी मंिजल, शह�द भगत �सहं मागर्, फोटर्, मुंबई-400 001
फोन: 022-22661602, फैक् स: 022-22701237, ई-मेल: cgmicdbrco@rbi.org.in,वेबसाइट: www.rbi.org.in
Department of Banking Regulation, Central Office, CentralOfficeBuilding, 13th Floor, ShahidBhagatSinghMarg, Fort, Mumbai – 400 001
Phone: 022-2266 1602, Fax: 022-2270 1237, E-mail: cgmicdbrco@rbi.org.in, Website: www.rbi.org.in