Filing of ‘Nil’ CTR / NTR

Please refer to Para 2.17, 2.18 and 2.19 of our Mas­ter Cir­cu­lar UBD. BPD.(PCB)MC.No.16/12.05.001/2014–15 dat­ed July 1, 2014 and Para 2.19 of Mas­ter Cir­cu­lar RPCD.RRB.RCB.AML.BC.No.02/07.51.018/2014–15 dat­ed July 1, 2014 on Know Your Cus­tomer (KYC) Norm­s/An­ti-Mon­ey Laun­der­ing (AML) Measures/Combating of Financ­ing of Ter­ror­ism (CFT) /Obligations of Banks under Pre­ven­tion of Mon­ey Laun­der­ing Act (PMLA), 2002 regard­ing sub­mit­ting of Cash trans­ac­tion reports (CTR) and Non- Prof­it Organ­i­sa­tion Trans­ac­tion Reports (NTRs) to Finan­cial Intel­li­gence Unit, India (FIU-IND).

2. In this con­nec­tion, FIU IND has clar­i­fied vide their cir­cu­lar dat­ed Decem­ber 19, 2014 (copy enclosed) that banks are required to file ‘Nil’ CTR/NTR at pre­scribed peri­od­ic­i­ty, if they have noth­ing to report, hence­forth with imme­di­ate effect. The cir­cu­lar has been host­ed in web­site of FIU-IND.

Yours faith­ful­ly,

(Scen­ta Joy)
Gen­er­al Manager