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Reserve Bank of India (RBI) on 5 November 2015 issued revised and uniform guidelines on Internet Banking for all licensed cooperative banks including Urban Cooperative Banks (UCBs), Cooperative Banks (StCBs) and Districts Co-operative Banks (DCBs). These guidelines relate to Internet Banking (View Only) facility and Internet Banking with Transaction facility.
Revised guidelines for Internet Banking (View Only) facility
Earlier in 2014, only Urban Cooperative Banks (UCBs) were permitted to offer this facility to their customers.
Revised guidelines for Internet Banking with Transaction facility
Only those licensed StCBs, DCCBs and UCBs, which have implemented CBS and have also migrated to IPv6 can offer this facility to their customers with prior approval of RBI if they fulfill the following criteria:
By: Vishal ProfileResourcesReport error
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