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RRB Schedule Updates: 8 Banks In, 29 Out

Current · Source: Reserve Bank of India · RBI/2008-09/456 · issued 24 Apr 2009 · ~2 min read
Quick answerRBI included 8 amalgamated RRBs in the Second Schedule and excluded 29 erstwhile RRBs, effective January 27, 2009. This formalizes post-merger legal status for banking operations.
The rule, in the simplest words
How it plays out — a real example

A branch operations officer in Indore, Priya, updates her bank's system on January 28, 2009. She removes the old 'Marwar Gramin Bank' code and adds 'Marwar Ganganagar Bikaner Gramin Bank' so that all gold loan accounts and daily clearing work correctly with the new merged bank.

What changed

RBI notified the inclusion of 8 amalgamated Regional Rural Banks (RRBs) in the Second Schedule to the RBI Act, 1934, via notification dated January 27, 2009. Simultaneously, 29 erstwhile RRBs were excluded from the same Schedule, reflecting their dissolution post-amalgamation.

What it means for you

For banks, inclusion in the Second Schedule grants statutory recognition, enabling access to central banking facilities like clearing and liquidity. Exclusion of old entities confirms their legal cessation, requiring lenders to update records and ensure compliance with amalgamated entities for transactions and reporting.

What you must do

Who it affects

Regional Rural Banks, Sponsor banks of RRBs, Clearing and settlement systems, Regulatory reporting teams

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

Why were these RRBs included or excluded from the Second Schedule?

The inclusions and exclusions are due to amalgamation of multiple RRBs into larger entities. The 8 new banks are the post-merger entities, while the 29 old ones ceased to exist after the merger.

What is the practical impact of being in the Second Schedule?

Scheduled bank status allows RRBs to access RBI's liquidity facilities, participate in clearing houses, and maintain statutory reserves. Exclusion means the old banks no longer have these privileges.

Do we need to take any action for existing accounts with the excluded RRBs?

Yes, ensure all accounts and transactions are transferred to the corresponding amalgamated bank. Update your systems to reflect the new bank names and codes for compliance.

📜 Read the original circular — full text as issued by RBI
RBI/2008-09/456 RPCD.CO.RRB.BC. No.99 / 03.05.100/2008-09 April 24, 2009 All Regional Rural Banks Dear Sir, Inclusion in / exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – Regional Rural Banks (RRBs) We advise that the names of 8 amalgamated Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification RPCD.CO.RRB.No.7430/03.05.100 /2008-09 dated January 27, 2009 published in the Extraordinary Gazette of India (Part III- Sec.4) dated March 18, 2009. 2. Simultaneously, the names of 29 erstwhile Regional Rural Banks have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification RPCD.CO.RRB.No.7431/03.05.100/2008-09 dated January 27, 2009 published in the above Extraordinary Gazette of India. 3.Copies of the above two notifications RPCD.CO.RRB.No.7430/03.05.100 /2008-09 and RPCD.CO.RRB.No.7431/03.05.100/2008-09 dated March 18, 2009 are enclosed. 4. Please acknowledge receipt to our Regional Office concerned.Yours faithfully (B.P. Vijayendra) Chief General Manager Encls: As above RPCD.CO.RRB.No. 7430 /03.05.100 /2008-09 January 27, 2009 NOTIFICATION In pursuance of clause (a) of sub section (6) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs the inclusion in the Second Schedule to the said Act of the following Regional Rural Banks, namely: Marwar Ganganagar Bikaner Gramin Bank, Pali, Rajasthan Assam Gramin Vikash Bank, Guwahati, Assam Sarva Uttar Pradesh Gramin Bank, Meerut, Uttar Pradesh Baroda Uttar Pradesh Gramin Bank, Raebareli, Uttar Pradesh Purvanchal Gramin Bank, Gorakhpur, Uttar Pradesh Maharashtra Godavari Gramin Bank, Aurangabad, Maharashtra Vidharbha Kshetriya Gramin Bank, Akola , Maharashtra Chhattisgarh Gramin Bank, Raipur, Chhattisgarh (V.S.Das) Executive Director RPCD.CO.RRB.No. 7431 / 03.05.100 /2008-09 January 27, 2009 NOTIFICATION In pursuance of clause (b) of sub section (6) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs exclusion from the Second Schedule to the said Act of the following Regional Rural Banks, namely: Gorakhpur Kshetriya Gramin Bank, Gorakhpur, Uttar Pradesh Basti Gramin Bank, Basti, Uttar Pradesh Cachar Gramin Bank, , Silchar, Assam Lakhimi Gaonlia Bank, Golaghat, Assam  Pragjyotish Gaonlia Bank, Nalbari, Assam Subansiri Gaonlia Bank, North Lakhimpur, Assam  Marwar Gramin Bank, Pali, Rajasthan. Sriganganagar Kshetriya Gramin Bank, Sriganganagar, Rajasthan Bikaner Kshetriya Gramin Bank, Bikaner, Rajasthan  Bastar Kshetriya Gramin Bank ,Jagdalpur, Chhattisgarh  Bilaspur Raipur Kshetriya Gramin Bank, Bilaspur, Chhattisgarh  Raigarh Kshetriya Gramin Bank, Raigarh, Chhattisgarh Kisan Gramin Bank, Budaun Uttar Pradesh  Devi Patan Kshetriya Gramin Bank, Gonda , Uttar Pradesh  Rani Laxmi Bai Kshetriya Gramin Bank, Jhansi, Uttar Pradesh  Thane Gramin Bank, Thane, Maharashtra  Aurangabad Jalna Kshetriya Gramin Bank, Aurangabad, Maharashtra Akola Gramin Bank, Akola, Maharashtra Yavatmal Gramin Bank, Yavatmal, Maharashtra  Buldhana Gramin Bank, Buldhana, Maharashtra Raebareli Kshetriya Gramin Bank, Raebareli, Uttar Pradesh Sultanpur Kshetriya Gramin Bank, Sultanpur, Uttar Pradesh Kanpur Kshetriya Gramin Bank ,Kanpur, Uttar Pradesh Allahabad Kshetriya Gramin Bank, Allahabad, Uttar Pradesh Pratapgarh Kshetriya Gramin Bank, Pratapgarh, Uttar Pradesh Fatehpur Kshetriya Gramin Bank, Fatehpur, Uttar Pradesh Faizabad Kshetriya Gramin Bank , Faizabad, Uttar Pradesh Bareilly Kshetriya Gramin Bank, Bareilly, Uttar Pradesh Shahjahanpur Kshetriya Gramin Bank, Shahjahanpur, Uttar Pradesh (V.S.Das) Executive Director
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2008-09/456 · issued 24 Apr 2009. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
⚙️ Operations
  • Inform your operations and compliance teams about these changes to avoid processing errors.
💻 IT / Systems
  • Update internal systems to reflect the 8 new RRBs as scheduled banks for regulatory reporting.
📜 Compliance
  • Remove the 29 erstwhile RRBs from your list of scheduled banks and cease using their identifiers.
  • Verify that all transactions and accounts linked to old RRBs are migrated to the corresponding amalgamated banks.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are an IT/Systems lead at a bank this circular applies to (Regional Rural Banks, Sponsor banks of RRBs, Clearing and settlement systems, Regulatory reporting teams), your first concrete step on “RRB Schedule Updates: 8 Banks In, 29 Out” is: “Update internal systems to reflect the 8 new RRBs as scheduled banks for regulatory reporting.” (RBI issued this 24 Apr 2009).

  1. Circular: RBI/2008-09/456 -- RRB Schedule Updates: 8 Banks In, 29 Out
  2. Issued: 24 Apr 2009
  3. Action required: Update internal systems to reflect the 8 new RRBs as scheduled banks for regulatory reporting.
  4. Action required: Remove the 29 erstwhile RRBs from your list of scheduled banks and cease using their identifiers.
  5. Action required: Verify that all transactions and accounts linked to old RRBs are migrated to the corresponding amalgamated banks.
  6. Action required: Inform your operations and compliance teams about these changes to avoid processing errors.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=4956&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.
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