RBI Update - Review of instructions issued vide Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission (Applicable - All Agency Banks)

Please find the following update under RBI

The Reserve Bank of India (RBI) has issued revisions to the Master Circular on the Payment of Agency Commission to agency banks, particularly updating paragraphs 13 and 8(c) .

Revision of Agency Commission Rates (Para 13)

Effective from April 1, 2025 , the following revised agency commission rates shall apply:

Sr. No. Type of Transaction Unit Revised Rate a. (i) Receipts – Physical mode Per transaction ₹40/- a. (ii) Receipts – e-mode Per transaction ₹12/- b. Pension Payments Per transaction ₹80/- c. Payments other than Pension Per ₹100 turnover ₹0.07 (7 paise)

Link - View Circular