Prevention of Money-laundering Second Amendment Rules, 2010: Compliance Obligations for RRBs
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2010-11/133 · issued 23 Jul 2010 · ~1 min read
Quick answerRBI notified RRBs of the Prevention of Money-laundering Second Amendment Rules, 2010, via Government Notification No. 10/2010-E.S/F.No.6/8/2009-E.S. dated June 16, 2010. Banks must comply with updated record-keeping, transaction reporting, and client verification requirements under PMLA.
What changed
The Government of India amended the Prevention of Money-laundering Rules, 2005 via Notification No. 10/2010-E.S/F.No.6/8/2009-E.S. dated June 16, 2010. RBI forwarded this amendment to all Regional Rural Banks for compliance, enclosing a copy of the notification.
What it means for you
RRBs must update their anti-money laundering policies to align with the amended rules, covering maintenance of records of transactions, client identity verification, and timely furnishing of information. Non-compliance could attract regulatory action.
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
Review the enclosed Government notification and update your AML policy accordingly.
Ensure your systems capture and retain transaction records as per the amended rules.
Train staff on revised client verification and record-keeping procedures.
Submit required information to the Financial Intelligence Unit within prescribed timelines.
Who it affects
All Regional Rural Banks (RRBs), Compliance and AML teams at RRBs, Branch managers handling customer onboarding and transactions
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 04:48 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the effective date of the amended PMLA rules?
The Government notification is dated June 16, 2010, and the RBI circular is dated July 23, 2010. The source does not specify an effective date beyond the notification date.
Do these rules apply only to RRBs?
The RBI circular specifically addresses RRBs, but the amendment itself applies to all banking companies, financial institutions, and intermediaries as per its title.
📜 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)
RBI’s words: “Official withdrawal register entry #1625: RPCD.CO.RRB.AML.BC.No.14/03.05.33(E)/2010-11 — "Prevention of Money-Laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure ”
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/133
RPCD.CO RRB.AML.BC.No.14 /03.05.33(E)/2010-11
July 23, 2010
The Chairmen
All Regional Rural Banks (RRBs)
Dear Sir,
Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Second Amendment Rules, 2010 - Obligation of banks.
Government of India vide its Notification No. 10/2010-E.S/F.No.6/8/2009-E.S. dated June 16, 2010, has amended the Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Rules, 2005. A copy of the Notification is enclosed for information and necessary compliance.
Yours faithfully
(B.P.Vijayendra)
Chief General Manager
Encls: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/133 · issued 23 Jul 2010. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 03 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=5894&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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