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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

Amendment to Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission

16-Jun-2025 | RBI/2025-26/57 CO.DGBA.GBD.No.S168/31-12-011/2025-2026

Reserve Bank of India has issued a circular regarding the Review of instructions issued vide Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission, effective from 16th June 2025. By virtue of the circular, paragraph 13 Rates for Agency Commission has been revised. Accordingly, As per agency bank agreement, RBI pays agency commission at rates determined by it. The rates applicable with effect from April 1, 2025, are as under: -Receipts - Physical mode: Rs. 40 Per transaction -Receipts - e-mode: Rs. 12 per transaction -Pension Payments: Rs. 80 per transaction -Payments other than Pension: 7 paise per Rs. 100 Per Rs. 100 turnover In addition to the above, it has been decided that agency commission may be paid on all payment transactions handled by the agency banks, except those which are pre-funded or where some compensation is paid by the Governments to the agency banks.

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