Skip to content
B S Sridhar & Co., Chartered Accountants
B S Sridhar & Co., Chartered Accountants

Chartered Accountant firm in Chennai - Tax Filing (Income-tax & GST) ,Tax (Income-tax & GST) Consulting, Audit & Assurance, Accounting, Company Registration , NRI Taxation Services

  • Home
  • About Us
  • Whats new
  • Our Services
    • Audit & Assurance services
    • Income-tax Consulting & Tax return filing
    • GST Consulting & Return filing
    • Accounting outsourcing
    • Company Registration Services
    • Capital Gains Consulting
    • Other Services
  • Resources
    • Downloads
      • New PAN Application
      • PAN Correction/Reissue Form
      • New TAN Application
      • TAN Correction Form
      • Adv.tax/Self Assmt Tax challan
      • TDS Challan
    • Important Links
      • Income-tax Department
      • How to make Income-tax payment online (Self assessment tax payment)
      • Income-tax/Adv.Tax/TDS Payment
      • GST
      • Ministry of Corporate Affairs
      • TNVAT Department
      • ESI
      • EPF
    • Calculators
      • HRA Calculator
      • Income-tax Calculator
      • Advance Tax Calculator
      • TDS Calculator
      • Depreciation calculator
      • Residency Calculator
    • Charts & Tables
      • Cost Inflation Index
      • Tax Rates
      • TDS Rates
      • Depreciation Rates
      • Employees Tax Benefits
      • Benefits for Non Residents
    • Video Tutorials
      • GST
        • How to Download GST Regn Certificate
        • How to check GST ITC,Cash Ledger
        • Amendment of B2C invoices to B2B
        • Generating E way bill
        • Payment of GST
      • Income-tax
        • How to Check TAN
        • SFT-Statement of Financial Transactions
      • Others
        • Creating Manufacturing Journal in Tally
        • Creating Proforma Invoice in Tally
  • Contact
  • Send Enquiry
  • Careers
    • Articled Trainees
    • Audit & Taxation Executives
  • Send Enquiry
    Send Enquiry

New RBI regulation on Intra-bank Deposit Accounts Portability

/ RBI Guidelines / By admin

The Reserve Bank of India vide its Notification No DBOD.AML. BC. No. 97/14.01.001/2011-12 dtd 27th April 2012 has given new guidelines in respect of procedures to be followed for transfer of Bank Accounts from one branch to another branch of the same bank. As per this Notification , the banks should not insist on opening a new account in lieu of transfer of existing accounts to its another branch on account of the change of address,etc., of the account holder. There is no need for submitting new KYC (Know Your Customer) documents as long as the KYC norms are fully complied with. The customer should be allowed to transfer the accounts from one branch to another branch without any restrictions. However the customer has to provide address proof for the new address.

The relevant Notifcation is reproduced below :-

[gview file=”http://rbidocs.rbi.org.in/rdocs/notification/PDFs/CIBP270412IS.pdf”]

Post navigation
← Previous Post
Next Post →

Send us an Enquiry now..

Contact Us
Enter your name
Enter your contact Number
Enter your contact email address
Enter your enquiry / message

B S Sridhar & Co., Chartered Accountants

  • Email
    sridharca@gmail.com
  • Phone
    +91 44 45540180 , +91-98402 28480
  • Address
    Pace Prana, Block 2
    3rd Floor, Flat No T-7
    South Park Road
    Anna Nagar West
    Chennai 600040
    Tamilnadu INDIA
  • RSS feed
  • LinkedIn
  • Twitter
  • Facebook

Whats new….

  • Difference between Survey & Search under Income-tax – Know about it because your Peace of mind is important
  • Advance Tax – Final Installment Due on 15th Mar 2023
  • E WAY BILL REQUIREMENT FOR GOODS SENT FOR WEIGHMENT TO THE WEIGHBRIDGE
  • Advance Tax 2nd Instalment Reminder

Subscribe to our alerts

Enter your email address:

Delivered by FeedBurner

Copyright © 2023 B S Sridhar & Co., Chartered Accountants |