Home › Circulars › RBI/2011-12/230

SGL/CSGL Account Rules for Urban Co-op Banks

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2011-12/230 · issued 25 Oct 2011 · ~1 min read
Quick answerRBI reaffirms existing eligibility criteria for Primary UCBs to open SGL and CSGL accounts, forwarding copies of two notifications (No.183 dated September 5, 2011) that were notified in the Gazette of India. No new requirements are introduced; banks must continue following earlier circulars from 2010 and 2009.

What changed

RBI has forwarded copies of two notifications (No.183 dated September 5, 2011) issued by the Reserve Bank and notified in the Gazette of India on SGL and CSGL account eligibility and operational guidelines. The central bank explicitly states that the eligibility criteria for UCBs remain unchanged from previous circulars issued in November 2010 and April 2010.

What it means for you

Urban co-operative banks face no new compliance burden regarding SGL/CSGL accounts. The circular merely formalizes existing rules by attaching official gazette notifications. Banks should ensure their current practices align with the earlier circulars, as RBI expects continued adherence to those standards.

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

Who it affects

All Primary (Urban) Co-operative Banks, Compliance and treasury departments of UCBs

❓ Common questions

Regulatory timeline

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

Are there any new eligibility requirements for UCBs to open SGL/CSGL accounts?

No. RBI explicitly states that the eligibility criteria remain the same as laid down in earlier circulars from November 2010 and April 2010.

What should we do with the attached gazette notifications?

Forward them to relevant departments for reference and ensure your bank's SGL/CSGL account operations comply with the existing guidelines.

Do we need to report anything to RBI after receiving this circular?

Yes, you must acknowledge receipt of this circular to your concerned Regional Office.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1429: UBD.CO.(PCB).BPD.Cir.6/09.11.00/2011-12 — "SGL and CSGL Accounts - Eligibility Criteria and Operational Guidelines" dated October 25, 2011”
📜 Read the original circular — full text as issued by RBI
RBI/2011-12/230 UBD.CO.(PCB).BPD.Cir. 6/09.11.00/2011-12 October  25, 2011 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, SGL and CSGL Accounts – Eligibility Criteria and Operational Guidelines Please refer to our circulars UBD.BPD.(PCB).Cir.24/12.05.001/2010-11 dated November 16, 2010 and UBD.CO.(PCB).BPD.Cir.52/09.11.00/2009-10 dated April 5, 2010 in terms of which all UCBs were advised  the eligibility criteria for opening and maintenance of SGL and CSGL Accounts respectively. 2. We forward herewith copies of two Notifications No.183 dated September 5, 2011 issued by the Reserve Bank and notified in the Gazette of India on the eligibility criteria and operational guidelines for opening SGL and CSGL Accounts. We advise that the eligibility criteria applicable for opening of SGL and CSGL Accounts by UCBs would continue to be the same as laid down in our above mentioned circulars. 3. Please acknowledge receipt of this circular to our Regional Office concerned. Yours faithfully, (L.M.Kamble) General Manager - Officer-in-Charge Encl: As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2011-12/230 · issued 25 Oct 2011. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Most relevant forCompliance TeamTreasury Team / ALMInternal AuditSenior Management / Board
🛠 Banker’s toolkit — checklists & reply templates →
Related circulars · Department of Regulation
SFB Pillar 3 Disclosure Norms Aligned with BaselUCB Deposit Rate Disclosure & Uniformity Rules UpdatedLAB Deposit Rate Disclosure & Uniformity Rules TightenedPayments Banks: Interest Rates Must Match Disclosed ScheduleRBI Updates Bulk Deposit Rate Rules and Disclosure Timing
Browse all departments →

💬 Banker Discussion

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.

Loading comments…
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=6776&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.
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 ↗
—