Distribution of Relief/Savings Bonds
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RBI/2016-17/182
IDMD.PDRD.No.08/03.64.00/2016-17
December 13, 2016
To
All Standalone Primary Dealers
Dear Sir/Madam,
Distribution of Relief/Savings Bonds
A reference is invited to Para A.1 of the Master Direction on Relief/Savings Bonds dated July 1, 2016 under which agency banks can enrol/register brokers for distribution of Relief/Savings bonds. A reference is also invited to the Para 12 of (Master Direction) Standalone Primary Dealers (Reserve Bank) Directions, 2016giving a list of permitted activity for the Standalone Primary Dealers.
2. On a review, it has been decided to allow Standalone PDs to distribute Relief/Savings bonds under non-core activities, as brokers of authorized entities, subject to adherence to terms and conditions listed in Master Direction on Relief/Savings Bonds.
Yours faithfully
(A. Mangalagiri)
Chief General Manager
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