Reserve Bank Of India [RBI] — Cpt code fees | |
RESERVE BANK OF INDIA 6, SANSAD MARG- NEW DELHI 110001 INDIA Ref: RBI/EST/678/A08 CDD: 2024/6028/14/312 Swift Code: CVALESVVXXX (Dir Series) Circular No.78 Payment file: RBI/026/RB Date:[protected] KIND ATTN: SARAN.M.S Transaction In Progress. A Cost Of Transfer Code (C.O.T.) is issued to Reserve Bank of India Online Services customers who register to use Online Banking and Express Line phone banking. It is required for newly activated accounts, when an online account is activated a Cost Of Transfer Code is required to initiate transfers, you will only need one C.O.T. code for all your transfers. This is in accordance with section 13(1) (n) of the international transfer act as adopted in 1993 and amended on 3rd July 1996 by the constitutional assembly. We want you to understand that you are to pay for the C.O.T (Cost of Transfer Charges) to enable us proceed with the transfer of your fund to your destination bank account. The (C.O.T) code of transfer is a legal licensing and coverage documentations for the approval signatures for the final Accreditation of your fund to your account. You are required to make payment total sum of (Rs.59, 000/- INR)(Fifty Nine Thousand Rupees) for the cost of transfer charges of Reserve Bank of India, known as ( C.O.T CODE) before your transaction can be successful and have it in mind that this payment is refundable it will be added to your account. We urge you to please do note that the circumstances in question does not call for any kind of deduction from your unregistered amount, reason is based on the Insurance Bond Policy acting on your fund in section 58 (7) of the Reserve Bank Of India Act (1934). Transfer On Hold... Bank Message: Transfer On Hold.."Cost Of Transfer" Payment Required. * You have to make the payment for the Cost Of Transfer (C.O.T) Charges. SECURITY: Keep this transfer/information away from any third parties or friends until your funds is remitted into your account for security reasons. We are sorry for any inconvenience this may cause to you. Meanwhile, we have to act according to the banking procedures to avoid any form of problem and to ensure a hitch free release/transfer of your funds to your Bank account. You have to send your prompt reply to this office as fast as you can, to enable us instruct you on how to effect the C.O.T payment. Note: Amount required for the C.O.T Code is(Rs.59, 000/- INR)(Fifty Nine Thousand Rupees Only. Please contact us at your earliest convenience on when you hope to make up with this said amount required for the C.O.T Code so that we can provide you with payments modalities or if you need further clarification write us or call your processing officer. Also note that this C.O.T Code is to be obtained in not more than 1 working hours after making the payment, the whole process will take only one working hours after the confirmation of your payment. Information on how to make the payment shall be forwarded to you as soon as possible upon your co-operation. Thank you for your anticipated co-operation and we look forward to serving you better. Thanks And Best Regard Foreign Remittance Department Reserve Bank Of India THANK YOU FOR BANKING WITH US Was this information helpful? | |
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