All Agency Banks
Monetisation Scheme, 2015
Please refer to DGBA circular
DGBA.GAD.No.2294/15.04.001/2016-17 dated March 6, 2017 read with
RBI Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October
22, 2015 (updated up to March 31, 2016) on the above subject.
2. It has been decided that
reimbursement of payments made by banks, relating to Medium and Long Term
Government Deposit (MLTGD), will be made by Central Account Section (CAS),
3. Accordingly, banks are
advised to pay immediately the interest amount already due to the
depositors and to take note that, in future, payment of interest to the
depositors is to be made on the due dates. After making payments, the banks
may raise claim to Government through RBI (CAS, Nagpur).
(D J Babu)
Deputy General Manager