On 01st April 2023, the Reserve Bank of India (RBI) issued a Master Circular in regard to conducting of governmental business with Agency Banks – Payment of Agency Commission in reference to prior issued Master Circular – RBI/2022-23/08, CO.DGBA.GBD.No.S-1/31.12.010/2022-23 issued on 01st April 2022.
The Master Circular consolidates important instructions on the subject issued by the Reserve Bank of India till 31st March 2023, which is revised and updated.
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