RBI:
RBI has advised Co-operative Banks the manner of Recording of Details of Transactions in Passbook/Statement of Account. RBI has decided that banks shall at a minimum provide the relevant details in respect of entries in the accounts. RBI has further advised co-operative banks to avoid inscrutable entries in passbooks / statements of account and ensure that brief, intelligible particulars are invariably entered in passbooks / statements of account with a view to avoiding inconvenience to depositors. Further, Co-operative Banks shall also incorporate information about ‘deposit insurance cover’ along with the limit of coverage, subject to change from time to time, upfront in the passbooks. Co-operative Banks shall also incorporate information about ‘deposit insurance cover’ along with the limit of coverage, subject to change from time to time, upfront in the passbooks.
Aadhaar Enrolment
The Unique Identification Authority of India, in exercise of Regulation 12A of the Aadhaar (Enrolment and Update) (Second Amendment)Regulations, 2017 and the Aadhaar (Enrolment and Update) (Third Amendment), hereby directs that every Scheduled Commercial Bank shall provide Aadhaar enrolment and update facilities to its customers. According to Regulation 12A, the Authority may require any Central or State department or agency or any Scheduled Bank or any other entity which requires an individual to undergo authentication or furnish proof of possession of Aadhaar number as a condition for receipt of any subsidy, benefit, service or fulfillment of any obligation pursuant to any Act or Rule or Regulation or order made thereunder, to ensure enrolment of such individual who is yet to be enrolled or update their Aadhaar details, by setting up enrolment centres at their premises. Any non-compliance of these directions shall be dealt under Section 42 of the Aadhaar Act.