NABARD - National Bank For Agriculture And Rural Development

Circulars

Repealing of old circulars pertaining to Know Your Customer (KYC)/Anti-Money Laundering (AML) and Combating Financing of Terrorism (CFT) issued by NABARD

19 March 2025

Ref No. NB. DOS.HO.KYC-AML/166126/P-165/2024-25

EC. No. 75/DOS-05/2025

The Chairman/ Managing Director/ Chief Executive Officer
All Regional Rural Banks (RRBs)/State Co-operative Banks (StCBs)/ District Central Co-operative Banks (DCCBs)

Madam/Dear Sir,

Repealing of old circulars pertaining to Know Your Customer (KYC)/ Anti-Money Laundering (AML) and Combating Financing of Terrorism (CFT) issued by NABARD

On a comprehensive review of various circulars and guidelines related to KYC, AML and CFT issued by NABARD, and considering the existing regulatory framework, the circulars/guidelines attached to this document as ‘Annexure’ are hereby repealed.

2. RBI Master Direction issued/updated from time to time on the subject shall prevail.

Yours faithfully

-sd-

(Sudhir Kumar Roy)

Chief General Manager

Annexure

List of Circulars repealed with the issuance of this circular

Sl. No.	Date of Issue	Ref. No.	Subject
1.	28-03-2003	NB.DOS.HO.POL.1287/J.1-2002/03	Monitoring of accounts - Compliance with RBI instructions - Cash Transactions
2	30-04-2003	NB.DOS.H0.POL. H-333/J.1-2003/04	Guidelines on "Know Your Customer" norms and "Cash transactions"
3	30-04-2003	NB.DOS.H0.POL.H-271/J.1-2003/04	Guidelines on “Know Your Customer” norms and “Cash transactions”.
4	14-06-2004	NB.DOS.HO.POL. 818 /J.1/2004-05	Customer Information
5	14-06-2004	NB.DOS.HO.POL. 816/J.1/2004-05	Customer Information
6	15-06-2004	NB.DOS.H0.POL. 822 /J.1-2004/05	Know Your Customer" Guidelines on norms and "Cash transactions" - Compliance
7	15-06-2004	NB.DOS.H0.POL. 820/J.1-2004/05	Know Your Customer" Guidelines on norms and "Cash transactions" - Compliance
8	28-08-2004	NB.DoS.HO.POL. 2071 /J.1/2004-05	Guidelines on 'Know Your Customer' Norms - Existing Accounts
9	28-08-2004	NB.DoS.HO.POL. 2069 /J.1/2004-05	Guidelines on 'Know Your Customer' Norms - Existing Accounts
10	17-03-2008	NB.DoS.HO.Pol./ 4730 /J.1/2007-08	Know Your Customer (KYC) Guidelines - Anti-Money Laundering (AML) Standards
11	17-03-2008	NB.DoS.HO.Pol./ 4728 /J.1/2007-08	Know Your Customer (KYC) Guidelines - Anti-Money Laundering (AML) Standards
12	11-09-2009	NB.DoS.HO.POL./2415/M.29/2009-10	Anti-Money Laundering (AML) /Combating Financing of Terrorism (CFT) - Review meeting of RRBs’ Chairmen
13	04-11-2011	NB.DOS. HO. POL/ 2970 /P-165 / 2011-12	Workshop-cum-Review Meets on implementation of Know Your Customer (KYC) / Anti Money Laundering (AML) and Combating Financing of Terrorism (CFT) - Action Points
14	21-03-2016	NB.DoS.HO.POL / 4302/ J-1 / 2015-16	Know Your Customer (KYC) Directions, 2016
15	12-07-2017	NB.DoS.HO.POL / 1462/ J-1 / 2017-18	Know Your Customer (KYC) Directions, 2016
16	20-01-2020	NB.DoS.HO.POL / 2896/ J-1 / 2019-20	Know Your Customer (KYC) Directions, 2016
17	07-09-2020	NB. Dos. HO. Pol. /2014 /ENSURE /J-177 / 2020-21	Know Your Customer (KYC) Directions, 2016
18	09-04-2021	NB. DoS / POL / 104 / J-1 / 2021-22	FATF Mutual evaluation – Implementation of Know Your Customer (KYC) / Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT)
19	30-05-2023	NB. DoS. Policy/583/P-165 / 2023-24	Amendment to the Master Direction (MD) on KYC

Note: In addition to the listed circulars, any other circulars issued by NABARD related to KYC/AML/CFT and applicable to RRBs, StCBs, and DCCBs up to the date of this circular may be considered as repealed. However, the circular “Know Your Customer (KYC) Directions - Publishing of KYC return in ENSURE Portal” issued under reference no. NB. Dos. HO. Pol/ 5076/J-177 / 2022-23 dated 06 December 2022 will remain in effect.