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

Master Direction on Penal Provisions in reporting of transactions / balances at Currency Chests

01-Apr-2025 | RBI/DCM/2025-26/130 DCM (CC) No.G-2/03.35.01/2025-26

RBI has issued Master Direction on Penal Provisions in reporting of transactions / balances at Currency Chests, effective from 1st April 2025. 1. The provisions of the Master Direction are applicable to all banks having Currency Chests. 2. The main objective of the directions is to ensure timely and accurate reporting of currency chests transactions and to provide penal actions in cases of delay or default. 3. The minimum amount of deposit to into / withdrawal from currency chest is specified which is Rs 1,00,000 and thereafter, in multiples of Rs. 50,000. 4. The reporting of currency chest transactions shall be done through CyM-CC portal on the same day by 7 p.m. However, in case the CyM CC portal is available on a specified day on which CC is permitted to operate i.e on a local holiday, the currency chest transactions shall be reported on the same day. Whereas, in case portal is not available on the same day, CC shall report denomination-wise consolidated deposit and/ or withdrawal amount and denomination-wise chest closing balance of the day by 7 pm to the concerned Issue Office of RBI by e-mail and report day?s transactions on CyM on the next working day. 5. Penal interest will be levied in case of delay in reporting as well as wrong reporting as per the rates specified in Para 4 of the Master Directions. Kindly refer to the attached document for more information.

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