Circulars Withdrawn

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Reserve Bank of India has released this recruitment notification. Check the essential dates, eligibility, fee, selection stages and official links below before applying.

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The Reserve Bank of India has announced the withdrawal of several circulars based on the recommendations from its Regulatory Review Authority 2.0 (RRA 2.0). These withdrawn circulars span various departments, including Payment and Settlement Systems, Currency Management, Financial Inclusion and Development, Financial Markets Regulation, and Supervision, covering topics from payment instruments and electronic transactions to…

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The Reserve Bank of India has announced the withdrawal of several circulars based on the recommendations from its Regulatory Review Authority 2.0 (RRA 2.0). These withdrawn circulars span various departments, including Payment and Settlement Systems, Currency Management, Financial Inclusion and Development, Financial Markets Regulation, and Supervision, covering topics from payment instruments and electronic transactions to financial inclusion and regulatory compliance.

Circulars Withdrawn by the Department of Regulation

The following circulars have been officially withdrawn:

Date Subject Department
December 24, 2019 Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) – PPIs upto ₹10,000/- with loading only from bank account Department of Payment and Settlement Systems
August 30, 2019 Amendment to Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPIs) Department of Payment and Settlement Systems
August 21, 2019 Real Time Gross Settlement (RTGS) System – Increase in operating hours Department of Payment and Settlement Systems
May 28, 2019 Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions Department of Payment and Settlement Systems
January 04, 2019 Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Payment Transactions in Prepaid Payment Instruments (PPIs) issued by Authorised Non-banks Department of Payment and Settlement Systems
October 16, 2018 Prepaid Payment Instruments (PPIs) – Guidelines for Interoperability Department of Payment and Settlement Systems
October 15, 2018 Directions for Central Counterparties (CCPs) Department of Payment and Settlement Systems
February 09, 2018 Levy of Penal Interest – Delayed Reporting Department of Currency Management
August 03, 2017 Natural Calamities Portal - Monthly Reporting System Financial Inclusion and Development Department
December 30, 2016 Special measures to incentivise Electronic Payments – Extension of time Department of Payment and Settlement Systems
December 27, 2016 Master Circular on Issuance and Operations of Prepaid Payment Instruments – Amendments to paragraph 7.9 Department of Payment and Settlement Systems
November 22, 2016 Special measures to incentivise Electronic Payments – (i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India (ii) Special measures for merchants Department of Payment and Settlement Systems
August 25, 2016 Financial Literacy Centres - Revised Reporting Format Financial Inclusion and Development Department
June 30, 2016 Guidelines for relief measures by banks in areas affected by natural calamities - utilisation of insurance proceeds Financial Inclusion and Development Department
October 15, 2015 Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) Department of Payment and Settlement Systems
September 01, 2015 Changes in RTGS time window Department of Payment and Settlement Systems
August 21, 2015 Guidelines for Relief Measures by Banks in Areas Affected by Natural Calamities Financial Inclusion and Development Department
July 16, 2015 Foreign Investment in India by Foreign Portfolio Investors Financial Markets Regulation Department
July 15, 2015 Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines Department of Supervision
July 09, 2015 Prepaid Payment Instrument (PPI) guidelines – Introduction of New Category of PPI for Mass Transit Systems (PPI-MTS) Department of Payment and Settlement Systems
June 4, 2015 Submission of Long Form Audit Report (LFAR) by Concurrent Auditors Department of Supervision
May 07, 2015 Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions Department of Payment and Settlement Systems
April 23, 2015 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989 (2011) Committee's Al Qaida Sanctions List Department of Payment and Settlement Systems
April 16, 2015 Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards Department of Payment and Settlement Systems
April 16, 2015 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989 (2011) Committee's Al Qaida Sanctions List Department of Payment and Settlement Systems
April 16, 2015 Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988(2011) Taliban Sanctions List Department of Payment and Settlement Systems
March 24, 2015 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989 (2011) Committee's Al Qaida Sanctions List Department of Payment and Settlement Systems
March 24, 2015 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989 (2011) Committee's Al Qaida Sanctions List and UNSCR 1988(2011) Taliban Sanctions List – Modification in the Listing Format Department of Payment and Settlement Systems
February 27, 2015 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989 (2011) Committee's Al Qaida Sanctions List Department of Payment and Settlement Systems
February 18, 2015 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989 (2011) Committee's Al Qaida Sanctions List Department of Payment and Settlement Systems
February 12, 2015 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Department of Payment and Settlement Systems
February 04, 2015 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Department of Payment and Settlement Systems
January 21, 2015 Inter-Government Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA) - Registration Department of Payment and Settlement Systems
January 09, 2015 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Department of Payment and Settlement Systems
January 09, 2015 Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988(2011) Taliban Sanctions List Department of Payment and Settlement Systems
January 09, 2015 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Department of Payment and Settlement Systems
January 02, 2015 Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards Department of Payment and Settlement Systems
January 02, 2015 Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988(2011) Taliban Sanctions List Department of Payment and Settlement Systems
January 02, 2015 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Department of Payment and Settlement Systems
December 15, 2014 Extension of RTGS time window Department of Payment and Settlement Systems
December 03, 2014 Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India – Relaxations Department of Payment and Settlement Systems
November 27, 2014 Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/ Obligation of Payment System Operators under Prevention of Money Laundering Act (PMLA), 2002 Obligation of Payment System Operators – Amendment to Prevention of Money-Laundering (Maintenance of Records) Rules 2013 Department of Payment and Settlement Systems
November 24, 2014 Simplification of Know Your Customer (KYC) Norms – Creating Public awareness Department of Payment and Settlement Systems
October 09, 2014 Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Department of Payment and Settlement Systems
October 09, 2014 Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988(2011) Taliban Sanctions List Department of Payment and Settlement Systems
September 29, 2014 Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida sanctions list Department of Supervision
September 25, 2014 Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1988(2011) Taliban Sanctions List Department of Supervision
September 03, 2014 Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards Department of Payment and Settlement Systems
August 14, 2014 Inter-Government Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA) - Registration Department of Payment and Settlement Systems
July 07, 2014 Financial Literacy Activities conducted by Financial Literacy Centres and Rural Branches of Banks - Monitoring System Financial Inclusion and Development Department
July 03, 2014 Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of Payment System Operators under Prevention of Money Laundering Act (PMLA), 2002 – Clarification on Proof of Address. Department of Payment and Settlement Systems
June 20, 2014 Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of Payment System Operators under Prevention of Money Laundering Act (PMLA), 2002 – e-KYC Service of UIDAI – Recognizing E- Aadhaar as an 'Officially Valid Document' under PML Rules Department of Payment and Settlement Systems
June 10, 2015 Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of PSOs under Prevention of Money Laundering Act (PMLA), 2002 – Amendment to Section 13(2) Department of Payment and Settlement Systems
May 13, 2014 Issuance and Operation of Pre-paid Payment Instruments in India – Consolidated Revised Policy Guidelines Department of Payment and Settlement Systems
March 28, 2014 Issuance and Operation of Pre-paid Payment Instruments in India – Consolidated Revised Policy Guidelines Department of Payment and Settlement Systems
March 18, 2014 Anti- Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Department of Payment and Settlement Systems
January 07, 2014 Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List Department of Payment and Settlement Systems
January 07, 2014 Anti- Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards Department of Payment and Settlement Systems
October 25, 2013 Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of PSOs under Prevention of Money Laundering Act (PMLA), 2002 – e-KYC Service of UIDAI – Recognizing on-line Aadhaar authentication (electronic verification process) to be accepted as an 'Officially Valid Document' under PML Rules Department of Payment and Settlement Systems
September 13, 2013 Anti- Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards Department of Payment and Settlement Systems
September 13, 2013 Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1988 (2011) Sanctions List Department of Payment and Settlement Systems
September 13, 2013 Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List Department of Payment and Settlement Systems
September 05, 2013 Cash withdrawal at Point of Sale (POS) – Prepaid Payment Instruments issued by banks Department of Payment and Settlement Systems
August 26, 2013 Rupee Export Credit - Interest Subvention Department of Regulation
July 16, 2013 Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards Department of Payment and Settlement Systems
May 24, 2013 Rupee Export Credit - Interest Subvention Department of Regulation

How to Apply

For detailed information on the withdrawn circulars and recommendations from Regulatory Review Authority 2.0, please refer to the official portal:

  1. Visit the official RBI website.
  2. Navigate to the "Circulars Withdrawn" section.
  3. Review the specific circulars withdrawn by the Department of Regulation.
  4. Access the full notification for comprehensive details here.

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+How to apply for Circulars Withdrawn?

Visit the official application portal at https://www.rbi.org.in/scripts/NotificationUserWithdrawnCircular.aspx#, register with a valid email and mobile number, fill the form, upload required documents and pay the application fee online before —.

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