Reserve Bank of India - Master Circular No. 77-2014-15 - Branch Authorization


This Master Circular consolidates instructions / guidelines issued to banks on Branch Authorization up to June 30, 2014 with the intention to provide a framework of rules/regulations/procedures to be followed by banks while opening/shifting/closing branches in India in accordance with provisions of Section 23 of the Banking Regulation Act, 1949.

The master circular covers the following topics:

1. Branch Authorization Policy
2. Opening of Branches
3. Substitution of Centers
4. Shifting of Branches
5. Conversion of Branches
6. Merger of Branches
7. Closure of Branches
8. Setting Up of Offsite/Mobile ATMs - General Permission
9. Mobile Branches
10. Setting Up of Central Processing Centers/Back Offices
11. Call Centers
12. Business Facilitators / Business Correspondents
13. Doorstep Banking
14. Acquisition of Premises
15. Population Group Wise Classification of Centers
16. Reporting to Reserve Bank of India


Document Details

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Tuesday, July 1, 2014
Document Authors: 
Reserve Bank of India
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