Current · Source: Reserve Bank of India · RBI/2013-14/505 · issued 26 Feb 2014 · ~1 min read
Quick answerRBI included 8 amalgamated Regional Rural Banks in the Second Schedule and excluded 20 erstwhile RRBs, effective November 14, 2013. This formalizes post-merger banking status under the RBI Act.
The rule, in the simplest words
On November 14, 2013, the RBI added 8 new merged Regional Rural Banks (RRBs – banks that serve rural areas) to the Second Schedule (a special list that gives them official recognition under the RBI Act).
On the same day, the RBI removed 20 old RRBs from the Second Schedule because those banks were merged into the new ones.
Being on the Second Schedule means these banks can use central bank (RBI) services and have clear legal status.
Banks must update their records and paperwork to show only the 8 new RRBs and remove the 20 old ones.
How it plays out — a real example
A compliance officer at a sponsor bank in Lucknow checks the RBI notification and sees that Gramin Bank of Aryavart is now on the Second Schedule. She updates her bank's internal system to recognize this new RRB, removes the old RRB names from all loan documents, and tells her team to use only the new bank name for any transactions after November 14, 2013.
What changed
RBI added 8 new RRBs (e.g., Bihar Gramin Bank, Uttarakhand Gramin Bank) to the Second Schedule via notification RPCD.CO.RRB.BC.No.55/2013-14. Simultaneously, 20 pre-merger RRBs were removed via notification RPCD.CO.RRB.No.56/2013-14. Both notifications were published in the Extraordinary Gazette on January 6, 2014.
What it means for you
For banks, inclusion in the Second Schedule grants statutory recognition under the RBI Act, enabling access to central bank facilities and regulatory clarity. The exclusion of 20 erstwhile banks reflects the completion of amalgamation, requiring lenders to update their records and ensure compliance with the new legal entities.
What you must do
Update internal systems and regulatory filings to reflect the 8 newly scheduled RRBs.
Remove references to the 20 excluded RRBs from all official documents and databases.
Notify regional offices and stakeholders about the effective date of these changes.
Review any pending transactions or contracts involving the erstwhile RRBs for continuity.
Who it affects
Regional Rural Banks (RRBs), Sponsor banks of RRBs, RBI regional offices, Banking correspondents and partners of affected RRBs
❓ Common questions
Regulatory timeline
Stated effective dateeffective November 14, 2013
Decoded by BankPulse2026-06-18 10:41 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the Second Schedule under the RBI Act?
It is the official list of banks recognized under Section 42 of the RBI Act, 1934. Inclusion grants them statutory status and access to central banking facilities like clearing and refinance.
Why were 20 RRBs excluded?
These banks were amalgamated into 8 new entities. Their names were removed from the Second Schedule to reflect the merger, as per the notification RPCD.CO.RRB.No.56/2013-14.
When did these changes take effect?
Both notifications were issued on November 14, 2013, and published in the Extraordinary Gazette on January 6, 2014. The effective date for inclusion/exclusion is November 14, 2013.
📜 Read the original circular — full text as issued by RBI
RBI/2013-14/505
RPCD.CO RRB.BC.No./89/03.05.100/2013-14
February 26, 2014
All Regional Rural Banks
Dear Sir/Madam,
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 eight amalgamated Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification RPCD.CO.RRB.BC.No.55/03.05.100/2013-14 dated November 14, 2013 published in the Extraordinary Gazette of India (Part III - Section 4) dated January 6, 2014.
2. Simultaneously, the names of 20 erstwhile Regional Rural Banks (RRBs) have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification RPCD.CO.RRB.No.56/03.05.100/2013-14 dated November 14, 2013 published in the above Extraordinary Gazette of India .
3. Copies of the above two notifications RPCD.CO.RRB.No.No.55/03.05.100/2013-14 and RPCD.CO.RRB.No.56/03.05.100/2013-14 dated November 14, 2013 are enclosed.
4. Please acknowledge receipt to our Regional Office concerned.
Yours faithfully,
(A. Udgata)
Principal Chief General Manager
Enls: as above
RPCD.CO RRB.No.55/03.05.100/2013-14
November 14, 2013
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 directs the inclusion in the Second Schedule to the said Act of the following Regional Rural Banks, namely:
Bihar Gramin Bank, Begusarai, Bihar
Himachal Pradesh Gramin Bank, Mandi, Himachal Pradesh
Central Madhya Pradesh Gramin Bank, Chhindwara, Madhya Pradesh
Madhyanchal Gramin Bank, Sagar, Madhya Pradesh
Narmada Jhabua Gramin Bank, Indore, Madhya Pradesh
Baroda Rajasthan Kshetriya Gramin Bank, Ajmer, Rajasthan
Gramin Bank of Aryavart, Lucknow, Uttar Pradesh
Uttarakhand Gramin Bank, Dehradun, Uttarakhand
(Dr. (Smt.) Deepali Pant Joshi)
Executive Director
RPCD.CO RRB.No.56/03.05.100/2013-14
November 14, 2013
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 directs the exclusion from the Second Schedule to the said Act of the following Regional Rural Banks, namely:
Bihar Kshetriya Gramin Bank, Munger, Bihar
Samastipur Kshetriya Gramin Bank, Samastipur, Bihar
Parvatiya Gramin Bank, Chamba, Himachal Pradesh
Himachal Gramin Bank, Mandi, Himachal Pradesh
Satpura Narmada Kshetriya Gramin Bank, Madhya Pradesh.
Vidisha Bhopal Kshetriya Gramin Bank, Vidisha, Madhya Pradesh
Mahakaushal Kshetriya Gramin Bank, Narsinghpur, Madhya Pradesh
Madhya Bharath Gramin Bank, Sagar, Madhya Pradesh
Sharda Gramin Bank, Satna, Madhya Pradesh
Rewa Siddhi Gramin Bank, Rewa, Madhya Pradesh
Narmada Malwa Gramin Bank, Indore, Madhya Pradesh
Jhabua Dhar Kshetriya Gramin Bank, Jhabua, Madhya Pradesh
Hadoti Kshetriya Gramin Bank, Kota, Rajasthan
Baroda Rajasthan Gramin Bank,Rajasthan
Rajasthan Gramin Bank, Alwar, Rajasthan
Aryavart Gramin Bank, Lucknow, Uttar Pradesh
Kshetriya Kisan Gramin Bank ,Mainpuri, Uttar Pradesh
Shreyas Gramin Bank, Aligarh , Uttar Pradesh
Nainital Almora Kshetriya Gramin Bank, Nainital, Uttarakhand
Uttaranchal Gramin Bank,Dehradoon, Uttarakhand
(Dr. (Smt.) Deepali Pant Joshi)
Executive Director
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/505 · issued 26 Feb 2014. The plain-English explanation above is BankPulse’s own independent summary.
Update internal systems and regulatory filings to reflect the 8 newly scheduled RRBs.
📜 Compliance
Remove references to the 20 excluded RRBs from all official documents and databases.
Notify regional offices and stakeholders about the effective date of these changes.
Review any pending transactions or contracts involving the erstwhile RRBs for continuity.
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 (RRBs), Sponsor banks of RRBs, RBI regional offices, Banking correspondents and partners of affected RRBs), your first concrete step on “RRB Second Schedule Updates: 8 Banks In, 20 Out” is: “Update internal systems and regulatory filings to reflect the 8 newly scheduled RRBs.” (RBI issued this 26 Feb 2014).
Circular: RBI/2013-14/505 -- RRB Second Schedule Updates: 8 Banks In, 20 Out
Issued: 26 Feb 2014
Action required: Update internal systems and regulatory filings to reflect the 8 newly scheduled RRBs.
Action required: Remove references to the 20 excluded RRBs from all official documents and databases.
Action required: Notify regional offices and stakeholders about the effective date of these changes.
Action required: Review any pending transactions or contracts involving the erstwhile RRBs for continuity.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
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.
💬 Banker Discussion
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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=8757&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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