Appointment and Delisting of Brokers
The Reserve Bank of India has outlined procedures for the enrollment and registration of brokers, as well as the appointment of sub-agents by Agency banks.
Brokers can be delisted under certain circumstances, as specified in the circular.
Payment and Rates of Brokerage for Savings Bonds
The rates of brokerage for Savings Bonds have been specified, with no TDS applicable on payment of brokerage.
Brokerage claims are to be submitted in accordance with the prescribed procedure.
The circular provides detailed guidelines and references for the appointment and delisting of brokers, as well as the payment and rates of brokerage for Savings Bonds.
Chat with the Master Circular: