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The International Financial Services Centres Authority withdraws the instructions for the issuance of Certificates of Deposit. Banking Units must note that the earlier circular stands cancelled. The withdrawal takes effect immediately. Banking Units apply this update as of May 21, 2021.
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[Image omitted. See the official document.]
International Financial Services Centres Authority
F.No.110/IFSCA/Banking Regulation/2021-22/4
Date : May 21, 2021
To all Banking Units
Dear Sir/Madam,
Subject: Guidelines for issuance of Certificate of Deposits - Withdrawal
Banking Units may please refer to IFSCA Circular F. No.110/IFSCA/Banking Regulation/2021-22/2 on the above subject, issued on May 10, 2021.
It is hereby informed, that the instructions issued vide the above circular shall stand withdrawn with immediate effect.
Yours faithfully,
(Supriyo Bhattacharjee)
General Manager
Supriyo.b@ifsca.gov.in
