{"what_this_is":"The machine-readable twin of the BankPulse page for one RBI rulebook. Same points, same dates, same paragraph references as the page a person reads. RBI's own wording is not reproduced here: each point names the RBI paragraph, the character offset into the text BankPulse read and the sha256 of that text, so the claim can be checked against RBI's own document.","schema_version":1,"release_id":"d653cdb0a5","generated_at":"2026-09-15T00:33:59.117975+00:00","id":"md13443","title":"Reserve Bank of India [Conduct of Government Business by Agency Banks (ABs) – Payment of Agency Commission and Oversight of ABs] Directions, 2026","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13443","status":"In force","importance":{"code":"MR","label":"MUST READ","weight":"Must read","why":"Binding instrument, class not named: applies broadly","layer":"bankpulse_inference"},"applies_to":{"shown":"Agency banks handling government business","class_code":"ALL","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13443","mode":"four_dates_v1","published":{"label":"Published","value":"April 30, 2026","stated":true,"why":"The day RBI put this document out."},"effective":{"label":"Starts to apply","value":"February 22, 2003","stated":true,"why":"The day this rule starts to apply, as RBI's own text states it."},"transition":{"label":"Time to get ready","value":"None","stated":true,"why":"The start date RBI gave is before the day this document was published."},"deadline":{"label":"Last date to act","value":"","stated":false,"why":"No date to act by was found in this document. Other dates may sit inside single paragraphs."},"sources":{"published":"doc_date in data/highlights/md13443.json","effective":"data/date_kinds.json kind=effective_date","transition":"worked out from published and starts-to-apply","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13443","document_date":"April 30, 2026","read_by_bankpulse":"2026-08-21 16:28:56 UTC","text_sha256":"687a89850c2e7d4663aeb76d88bc1791c0723c673d14481cf3ba4dfbcbb228b5","word_count":null,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":30,"points_naming_an_rbi_paragraph":30,"points_stored":30,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13443-d7bb1dfd","page_group":"Opening paragraphs","stored_section":"KEY DATES","heading":"Date of issue","plain_english":"These Directions were issued on April 30, 2026.","rbi_paragraph":"Opening paragraphs","rbi_char_offset":1934,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p1","layer":"bankpulse"},{"n":2,"claim":"md13443-2baba999","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"RBI as government banker","plain_english":"RBI acts as banker to the Central and State Governments under the RBI Act, 1934.","rbi_paragraph":"Opening paragraphs","rbi_char_offset":3254,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p2","layer":"bankpulse"},{"n":3,"claim":"md13443-84764fc9","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"One commission rulebook","plain_english":"This document sets one rulebook for how RBI pays banks commission for government banking work.","rbi_paragraph":"Opening paragraphs","rbi_char_offset":3707,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p3","layer":"bankpulse"},{"n":1,"claim":"md13443-31b85644","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Start date","plain_english":"The Directions took effect immediately when RBI issued them, unless stated otherwise.","rbi_paragraph":"Para 2","rbi_char_offset":4057,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p4","layer":"bankpulse"},{"n":2,"claim":"md13443-de6cb7a4","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These Directions apply to every bank RBI has appointed as an Agency Bank.","rbi_paragraph":"Para 3","rbi_char_offset":4176,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p5","layer":"bankpulse"},{"n":3,"claim":"md13443-d95cd4bd","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Meaning of Agency Banks","plain_english":"Agency Banks are all public sector banks, plus the scheduled private banks, payments banks and small finance banks appointed by RBI.","rbi_paragraph":"Para 4","rbi_char_offset":4375,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p6","layer":"bankpulse"},{"n":1,"claim":"md13443-40e50d0a","page_group":"Chapter II. Agency Business Arrangement - Appointment of ABs","stored_section":"WHO SHOULD ACT","heading":"Where to take queries","plain_english":"Queries on reporting to the Reserve Bank go to DGBA and the Central Accounts Section, Nagpur.","rbi_paragraph":"Para 11","rbi_char_offset":10280,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p7","layer":"bankpulse"},{"n":1,"claim":"md13443-2d312522","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"KEY DATES","heading":"90-day late reporting","plain_english":"Central government transactions reported more than 90 days late need the Ministry's approval first.","rbi_paragraph":"Para 20","rbi_char_offset":16374,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A bank reports a central government transaction 120 days after it happened. The gap is more than 90 days. So the bank must first obtain the Ministry's approval and give it to the Reserve Bank.","anchor":"https://bankpulse.ai/rule/md13443#p8","layer":"bankpulse"},{"n":2,"claim":"md13443-e7ca4fca","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHAT CHANGES","heading":"Rates since April 2025","plain_english":"These agency commission rates have applied since April 1, 2025.","rbi_paragraph":"Para 22","rbi_char_offset":17397,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p9","layer":"bankpulse"},{"n":3,"claim":"md13443-6c7a9308","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHAT CHANGES","heading":"60-day claim deadline","plain_english":"Banks must send their commission claims to RBI within 60 days after the quarter ends.","rbi_paragraph":"Para 27","rbi_char_offset":20028,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p10","layer":"bankpulse"},{"n":4,"claim":"md13443-70345ee5","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHAT CHANGES","heading":"14-transaction pension cap","plain_english":"A bank cannot claim commission for more than 14 pension transactions per pensioner in a year.","rbi_paragraph":"Para 34","rbi_char_offset":22788,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p11","layer":"bankpulse"},{"n":5,"claim":"md13443-a6248dff","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHAT CHANGES","heading":"Commission sharing split","plain_english":"When two banks share a government transaction, they split the commission seventy-five to twenty-five percent.","rbi_paragraph":"Para 35","rbi_char_offset":23570,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p12","layer":"bankpulse"},{"n":6,"claim":"md13443-8a2a5d12","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHO SHOULD ACT","heading":"Report to CAS daily","plain_english":"All receipts, payments, penalty and interest must be reported to Central Accounts Section every day.","rbi_paragraph":"Para 17","rbi_char_offset":14327,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p13","layer":"bankpulse"},{"n":7,"claim":"md13443-59fbae22","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHAT CHANGES","heading":"Late claim explanation","plain_english":"A bank filing a late claim must attach a formal explanation for the delay.","rbi_paragraph":"Para 27","rbi_char_offset":20245,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p14","layer":"bankpulse"},{"n":8,"claim":"md13443-93253d23","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHO SHOULD ACT","heading":"Inspector claim checks","plain_english":"Bank inspectors and auditors must check every agency commission claim during their inspections.","rbi_paragraph":"Para 31","rbi_char_offset":21544,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p15","layer":"bankpulse"},{"n":9,"claim":"md13443-e086cad0","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"IMPACT","heading":"Own-tax payments excluded","plain_english":"Banks get no commission for paying their own taxes through their own branches.","rbi_paragraph":"Para 15","rbi_char_offset":11952,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p16","layer":"bankpulse"},{"n":10,"claim":"md13443-69b59b44","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHAT CHANGES","heading":"Physical receipt rate","plain_english":"Banks earn 40 rupees commission for every physical-mode government receipt transaction.","rbi_paragraph":"Para 22","rbi_char_offset":17546,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p17","layer":"bankpulse"},{"n":11,"claim":"md13443-7dce0bf7","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHAT CHANGES","heading":"Electronic receipt rate","plain_english":"Electronic-mode government receipts earn banks 12 rupees per transaction, much less than physical mode.","rbi_paragraph":"Para 22","rbi_char_offset":17598,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p18","layer":"bankpulse"},{"n":12,"claim":"md13443-cfa94b40","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHAT CHANGES","heading":"Pension payment rate","plain_english":"Banks earn 80 rupees commission for every pension payment transaction they process.","rbi_paragraph":"Para 22","rbi_char_offset":17647,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p19","layer":"bankpulse"},{"n":13,"claim":"md13443-580d38ab","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHAT CHANGES","heading":"Non-pension payment rate","plain_english":"Non-pension payments earn banks 7 paise commission for every 100 rupees paid out.","rbi_paragraph":"Para 22","rbi_char_offset":17690,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p20","layer":"bankpulse"},{"n":14,"claim":"md13443-1ece7a96","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHAT CHANGES","heading":"One challan, one transaction","plain_english":"A single challan counts as one transaction for commission, even if it credits several tax heads.","rbi_paragraph":"Para 24","rbi_char_offset":18469,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p21","layer":"bankpulse"},{"n":15,"claim":"md13443-b69abf9b","page_group":"Chapter III. Payment of Agency Commission for Conduct of Government Business by ABs","stored_section":"WHAT CHANGES","heading":"Wrong-claim penal interest","plain_english":"Banks pay penal interest at the Bank Rate plus 2% on any wrong commission claim RBI has settled.","rbi_paragraph":"Para 38","rbi_char_offset":25865,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p22","layer":"bankpulse"},{"n":1,"claim":"md13443-ccd27088","page_group":"Chapter IV. Oversight of Government Business in ABs","stored_section":"WHO SHOULD ACT","heading":"Audit confirmation duty","plain_english":"Concurrent and internal audit must confirm government business is run as RBI and the Government require.","rbi_paragraph":"Para 40","rbi_char_offset":28565,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p23","layer":"bankpulse"},{"n":2,"claim":"md13443-738b8e15","page_group":"Chapter IV. Oversight of Government Business in ABs","stored_section":"WHO SHOULD ACT","heading":"Checklist for auditors","plain_english":"A checklist covering the items at Annex 6 must be given to inspecting officers and auditors.","rbi_paragraph":"Para 40","rbi_char_offset":28842,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p24","layer":"bankpulse"},{"n":1,"claim":"md13443-5003e0a2","page_group":"Chapter V. Repeal and other provisions","stored_section":"IMPACT","heading":"Pension credit timing","plain_english":"Pension must reach the pensioner's account in the last four working days of the month.","rbi_paragraph":"Para 44","rbi_char_offset":39295,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p25","layer":"bankpulse"},{"n":2,"claim":"md13443-3e98c0d1","page_group":"Chapter V. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Older rules repealed","plain_english":"This document repeals every earlier RBI instruction on Agency Bank government business listed in its annex.","rbi_paragraph":"Para 41","rbi_char_offset":29087,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p26","layer":"bankpulse"},{"n":3,"claim":"md13443-7fbea917","page_group":"Chapter V. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions preserved","plain_english":"Anything already done under the old rules stays governed by those old rules.","rbi_paragraph":"Para 42","rbi_char_offset":29350,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p27","layer":"bankpulse"},{"n":4,"claim":"md13443-ae84b68d","page_group":"Chapter V. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Approvals carried over","plain_english":"Approvals given under the cancelled rules are now treated as given under these rules.","rbi_paragraph":"Para 42","rbi_char_offset":29540,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p28","layer":"bankpulse"},{"n":5,"claim":"md13443-cb5408f8","page_group":"Chapter V. Repeal and other provisions","stored_section":"IMPACT","heading":"Other laws still apply","plain_english":"These Directions add to other laws. They do not replace any of them.","rbi_paragraph":"Para 43","rbi_char_offset":30425,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p29","layer":"bankpulse"},{"n":6,"claim":"md13443-4bb37a7e","page_group":"Chapter V. Repeal and other provisions","stored_section":"WHO SHOULD ACT","heading":"RBI's reading final","plain_english":"RBI's interpretation of any part of these Directions is final and binding.","rbi_paragraph":"Para 44","rbi_char_offset":30885,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13443#p30","layer":"bankpulse"}],"actions":[],"amendments":[],"layers":{"rbi_source":"Facts taken from RBI's own document.","bankpulse":"BankPulse's plain-English summary of RBI's document.","bankpulse_inference":"BankPulse's own inference, not stated by RBI."},"rbi_wording_not_included":"By design. BankPulse never republishes RBI's exact sentences. Use rbi_paragraph with rbi_source.url to read RBI's own words.","terms":"BankPulse's plain-English summaries are BankPulse's own work. The underlying regulation is the Reserve Bank of India's. Always check the RBI document named in rbi_source before acting."}