sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Latest Circulars »
 Auction for Sale (Re-issue) of Government Stock (GS) March 18, 2019
 Auction of Government of India Dated Securities March 18, 2019
 Reserve Bank of India Clarifies
 Reserve Bank of India (Prevention of Market Abuse) Directions, 2019
 22nd Meeting of the FSDC Sub-Committee – Mumbai
 RBI to inject Rupee liquidity through long term USD/INR Buy/Sell Swap auction
 RBI-Stable inflation, slower industrial production raise chances of RBI rate cut
  RBI Announces OMO Purchase of Government of India Dated Securities
 Notification No. 20 /2019 - Customs (N.T.) Ministry Of Finance
 Notification No.21/2019 - Customs (N.T.) Central Board Of Indirect Taxes And Customs
 Auction of Government of India Dated Securities March 11, 2019

RBI allows banks for fire audit of currency chests by approved agencies
November, 01st 2018

The Reserve Bank has relaxed norms for the fire audit of currency chests allowing banks to get it done from approved agencies in case of shortage of staff at district fire offices.

Banks maintaining currency chests are required to get fire audit done once in a two years.

In a recent notification, the RBI said it has been receiving references from various banks about non-availability of staff in State/District Fire Departments for getting the periodical fire audit conducted in their respective currency chests. “The matter has been examined and it is decided that in case of non-availability of officials of the District Fire Department, the fire audit can also be conducted by the agencies approved by the respective State/District Fire Departments,” it said.

In April 2016, the RBI had directed banks having currency chests to ensure conducting of fire audits bi-annually by the officials from the district fire department. The banks were also asked to ensure that the working condition of the hotline and other security related gadgets (access control, CCTV, etc) are checked once in a fortnight by the currency chest officials.

There are 3,975 currency chests in the country, with as many as 2,575 being managed by State Bank of India, according to the RBI’s annual report.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions