Home › Circulars › RBI/2013-14/401

UCBs Must Issue TDS Certificates on Time

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2013-14/401 · issued 05 Dec 2013 · ~1 min read
Quick answerRBI directs urban co-operative banks to issue Form 16A TDS certificates to customers within the Income Tax Rules timeline, citing customer inconvenience from delays.

What changed

RBI observed that some UCBs are not providing TDS certificates in Form 16A to customers on time. The circular now mandates UCBs to issue these certificates and set up a system to ensure timely delivery as per Income Tax Rules.

What it means for you

UCBs must prioritize timely issuance of Form 16A to avoid customer complaints and regulatory action. This aligns with depositor protection and better customer service. Non-compliance could lead to penalties under the Banking Regulation Act.

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 Urban Co-operative Banks (UCBs), Deposit customers of UCBs subject to TDS

❓ Common questions

Regulatory timeline

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

What is the prescribed timeline for issuing Form 16A?

The timeline is set under the Income Tax Rules. The RBI circular does not specify the exact number of days; banks must comply with the time-frame prescribed under those Rules.

📜 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Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)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 #972: UBD.CO.BPD.(PCB).Cir.No.41/12.05.001/2013-14 — "Timely Issue of TDS Certificate to Customers" dated December 5, 2013”
📜 Read the original circular — full text as issued by RBI
RBI/2013-14/401 UBD.CO.BPD.(PCB).Cir.No. 41/12.05.001/2013-14 December 5, 2013 To, The Chief Executive Officer All Urban Co-operative Banks Dear Sir / Madam, Timely Issue of TDS Certificate to Customers It has been brought to our notice that some banks are not providing TDS Certificate in Form 16A to their customers in time, causing inconvenience to customers in filing income-tax returns in time. 2. With a view to protecting the interests of depositors and for rendering better customer service, urban co-operative banks (UCBs) are advised to provide to their customers from whose deposit accounts income tax has been deducted at source, TDS Certificate in Form 16A. UCBs are also advised to put in place a system that will enable them to provide Form 16A to their customers within the time-frame prescribed under the Income Tax Rules. 3. This advice is issued under Section 36 (1) (a) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (10 of 1949). Yours faithfully, (Scenta Joy) Deputy General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/401 · issued 05 Dec 2013. 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=8620&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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