July 2, 2007

To all Agency Banks

Dear Sir,

Please refer to our master circular RBI/2006/76 dated July 19, 2006 on the above subject which was issued with a view to facilitating quick reference to all the extant instructions issued on the subject at one place. We have now updated the master circular incorporating important instructions issued by us till June 29, 2007. A copy of the same is enclosed for your information. This circular may also be downloaded from our website www.mastercirculars.rbi.org.in

2. Please acknowledge receipt.

Yours faithfully,

(A.S.Kulkarni)
Deputy General Manager