UCBs: Fax Reporting of Call/Notice Money Discontinued
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2004-05/304 · issued 16 Feb 2002 · ~1 min read
Quick answerRBI has stopped the daily fax reporting of call/notice/term money transactions to MPD for NDS member UCBs from December 11, 2004. Non-NDS members must continue fax reporting. RBI may still call for data if needed.
What changed
Earlier, all UCBs had to report call/notice money transactions daily by fax to MPD. With NDS reporting now stable, RBI has discontinued this fax requirement for NDS members. Non-NDS members still need to report by fax as before.
What it means for you
This reduces the reporting burden for UCBs that are NDS members, as they now only report via NDS. Non-NDS members face no change. Banks should ensure their NDS reporting is accurate and timely, as RBI may still request fax data if needed.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
If your UCB is an NDS member, stop faxing call/notice/term money reports to MPD from December 11, 2004.
Ensure all call/notice money deals are reported on the NDS platform as mandated.
If your UCB is a non-NDS member, continue daily fax reporting to MPD as per earlier instructions.
Keep records ready in case RBI requests money market transaction data by fax.
Who it affects
Primary (Urban) Co-operative Banks (UCBs), NDS member UCBs, Non-NDS member UCBs
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 21:29 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn05 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
Do we still need to fax call money reports to MPD?
Only if your bank is a non-NDS member. NDS members stopped fax reporting from December 11, 2004.
What if RBI needs additional data later?
RBI may call for information on money market transactions by fax if the situation warrants.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
📜 Read the original circular — full text as issued by RBI
RBI/2004-05/304
UBD. No. PCB. Cir. 31 /13.01.00/2004-05
December 17 , 2004
Chief Executive Officers of All Primary (Urban) Co-operative Banks
Dear Sir,
Reporting of Call/Notice Money Market Transactions
Please refer to our circular UBD No. DS. PCB. CIR. 31/13.01.00/2001-02 dated February 16, 2002 advising the UCBs to report their call/notice money transactions on a daily basis by fax to the Advisor-in-Charge, Monetary Policy Department (MPD), R.B.I., Central Office, Mumbai. It is also mandatory for all Negotiated Dealing System (NDS) members to report all their call/notice money market deals on the NDS platform. (Ref. No. UBD. BPD. Cir. 7/13.01.00/2002-03 dated May 3, 2003.)
2. With the stabilisation of reporting of call/notice money transactions over NDS as also to reduce reporting burden, it has been decided to discontinue the practice of reporting of call/notice/term money transactions by fax to MPD with effect from December 11, 2004. However, deals between non-NDS members will continue to be reported to MPD as hitherto.
3. In case situation so warrants, Reserve Bank may call for information in respect of money market transactions of eligible participants by fax.
4. Please acknowledge receipt of this circular to the concerned Regional Office.
Yours faithfully,
Sd/-
(N. S. Vishwanathan)
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2004-05/304 · issued 16 Feb 2002. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=2056&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Help us keep this accurate
Found an inaccuracy or have an improvement? Tell us. Every report is reviewed by our team before any change is made — nothing goes live unverified.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
BANKPULSE · FREE DAILY BRIEF
Get RBI updates for your role
Every important RBI update, decoded in plain English — for your career, exams & financial awareness.
We collect only your email, name and role, used solely to send your brief — never sold or shared. Withdraw anytime via the unsubscribe link in any email. Independent platform, not affiliated with the RBI. Information, not legal advice.
REPORT AN ERROR · BETA
Spotted an error? Earn 500 BankPulse Credits
Help us stay accurate. If your correction is verified true and approved by our founder, you earn 500 BankPulse Credits — redeemable when the platform monetises.
Reviewed by a human before any credit is awarded. We never change the site from crowd input without verification.
WANT A NEW FEATURE · BETA
What would make BankPulse more useful for you?
Tell us what to build next — a tool, a data view, a role page, anything. We read every suggestion.
Thank you — your ideas directly shape what we build.