Master Circular on Call/Notice Money Market Operations

IDMD.PCD. 03/14.01.01/2013-14

July 1, 2013

The Chairmen/Chief Executives of all Scheduled Commercial Banks (excluding
RRBs) / Co-operative Banks / Primary Dealers

Dear Sir/Madam,

Master Circular on Call/Notice Money Market Operations

The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks and the Primary Dealers in regard to call/notice money market. To enable eligible institutions to have current instructions at one place, a Master Circular incorporating all the existing guidelines/instructions/directives on the subject has been prepared for reference of the market participants and others concerned. It may be noted that this Master Circular consolidates and updates all the instructions/guidelines contained in the circulars listed in the Appendix in so far as they relate to operations of eligible institutions in the call/notice money markets. This Master Circular has also been placed on the RBI website at

Yours faithfully

(K. K. Vohra)
Pr. Chief General Manager

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