In these unprecedented circumstances, which first responders, patients, families and businesses face with courage, we strongly recommend that you do not lower your guard against fraud and cyber threats. Fraudsters and hackers are increasingly active; seeing opportunities to attack fragile businesses and organisations, exploiting the on-going crisis to carry out fraudulent attacks. please refer to the attached document on Fraud & Cyber Risks – Awareness kit for more information. This kit contains examples of frauds, warning signs that should alert them, videos and articles to learn more, as well as concrete tips to protect against fraud and cyber-attacks.
Cybercriminals will often use the branding of “trusted” organizations in these phishing attacks, especially the World Health Organization (WHO) and U.S. Centres for Disease Control and Prevention (CDC), in order to build credibility and get users to open attachments or click on the link.
Please immediately contact your Transaction Banking Sales Manager to report any such instance that you may come across. Alternatively, please write us at firstname.lastname@example.org/ email@example.com or call us at our toll free line 1800 267 7766 on working days, between 9.30 am and 6.30 pm.
In our continuous endeavor to provide superior banking services and in accordance with RBI circular dated September 25, 2020 (RBI/2020-21/41 DPSS.CO.RPPD.No.309/04.07.005/2020-21), we are pleased to extend Positive Pay Service for Cheque Truncation System from January 1, 2021.
Under Positive Pay, you (cheque issuer) can submit certain minimum cheque details with us (drawee bank), which will be compared with the cheque presented during clearing. Kindly note that as per RBI circular only those cheques which follow the Positive Pay procedure will be accepted under dispute resolution mechanism at CTS grids. Please refer to the RBI circular dated September 25, 2020 (RBI/2020-21/41 DPSS.CO.RPPD.No.309/04.07.005/2020-21) for further details.
Effective January 1, 2021, Positive Pay shall be enabled by default for all clients on our internet banking platform (NETPAY) who have subscribed to Cheque Service. All other clients are requested to reach out to our Client Services Team / Transaction Banking Sales Manager for activating Positive Pay. Additional T&Cs shall apply to clients using Positive Pay.
Please get in touch with our Client Services Team at (firstname.lastname@example.org / email@example.com) or your Transaction Banking Sales Manager for any further information in this regard
In our continuous endeavor to provide enhanced banking services and in accordance with RBI circular (DIT.CO.No.170/09.63.030), we are pleased to inform you that we have upgraded our internal processing systems for RTGS transactions.
Effective December 14, 2020, all Incoming RTGS transactions to your BNP Paribas accounts will be received on 24×7 basis. Corresponding credits for the transactions received after 21.30 IST on working days, will reflect in your bank statements on the next working day with good value. All Outward RTGS transactions initiated and confirmed by you through our electronic banking channel by 20.15 IST on working days will be immediately debited from your BNPP account and taken up for processing on the same day. Please note that once amount is debited and processed from BNPP, the credit to the beneficiary account is completely dependent on the destination bank.
Kindly note the minimum transaction limit amount of INR 2,00,000 for RTGS transactions will continue to apply. Please get in touch with our Client Services Team at (firstname.lastname@example.org / email@example.com) or your Transaction Banking Sales manager for any further information in this regard.
Legal Entity Identifier Code for participation in non-derivative markets
Please note that Reserve Bank of India had mandated the requirement of Legal Identity Identifier(LEI) vide notification no. RBI/2018-19/83 FMRD.FMID.No.10/11.01.007/2018-19 dated November 29, 2018 for any non-derivative forex transactions(i.e. transactions that settle on or before the spot date) involving an amount equivalent to or exceeding USD one million or equivalent thereof in other currencies. This has been implemented in phased manner as per below schedule:
Schedule for Implementation of LEI in the Money market, G-sec market and Forex market
Net Worth of Entities
above Rs.10000 million
April 30, 2019
between Rs.2000 million and Rs 10000 million
August 31, 2019
up to Rs.2000 million
March 31, 2020
We would like to reiterate and highlight that Deadline for Phase III is on 31 March, 2020 and approaching fast.
The LEI system has been implemented in a phased manner for participants (other than individuals) in the over-the-counter markets for rupee interest rate derivatives, foreign currency derivatives and credit derivatives in India in terms of RBI circular FMRD.FMID No. 14/11.01.007/2016-17 dated June 1, 2017 and for large corporate borrowers of banks in terms of RBI Circular DBR.No.BP.BC.92/21.04.048/2017-18 dated November 2, 2017.
Your organization can obtain LEI from any of the Local Operating Units (LOUs) accredited by the Global Legal Entity Identifier Foundation (GLEIF) (https://www.gleif.org/en). In India LEI code may be obtained from Legal Entity Identifier India Ltd. (LEIL) (https://www.ccilindia-lei.co.in). The rules, procedures and documentation requirements may be ascertained from LEIL (https://www.ccilindia-lei.co.in/USR_FAQ_DOCS.aspx).
Lapsed LEI codes shall be deemed invalid for transactions in markets regulated by RBI & any non-derivative forex transactions involving an amount equivalent to or exceeding USD one million or equivalent thereof in other currencies, shall not be entertained.
Kindly refer to below link for the detailed RBI regulation on applicability of Legal Entity Identifier (LEI) & share your LEI with your Relationship Manager for our records, at the earliest:
As per the RBI circular dated January 5, 2021 (RBI/2020-21/82 DPSS.CO.OD No.901/06.24.001/2020-21) introducing LEI system (Legal Entity Identifier) for all transactions of value INR 50 crore and above undertaken by entities (non-individuals) using NEFT and RTGS effective April 1, 2021
The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide. It was conceived as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis. LEI has been introduced by the Reserve Bank in a phased manner for participants in the over the counter (OTC) derivative and non-derivative markets as also for large corporate borrowers
In accordance to the RBI circular, it is hereby advised to entities who undertake large value transactions (INR 50 crore and above) using NEFT and RTGS to obtain LEI in time, if they do not already have one. Effective April 1, 2021, for RTGS/NEFT transactions of value INR 50 Crore and above, if remitter / beneficiary LEI number is not present, transaction may not be processed (debits and credits)
Entities can obtain LEI from any of the Local Operating Units (LOUs) accredited by the Global Legal Entity Identifier Foundation (GLEIF), the body tasked to support the implementation and use of LEI. In India, LEI can be obtained from Legal Entity Identifier India Ltd. (LEIL) (https://www.ccilindia-lei.co.in), which is also recognised as an issuer of LEI by the Reserve Bank under the Payment and Settlement Systems Act, 2007
We shall update you on the process of sharing LEI information with us in due course of time. Please get in touch with our Client Services Team at (firstname.lastname@example.org / email@example.com) or your Transaction Banking Sales Manager for any further information in this regard
Beware of Fictitious Offer of Prize / Lottery / Money Tranfers from Abroad – Message from the Reserve Bank of India
RBI Circular Regarding Remittance (915 ko)
Remittance Towards Lottery (92 ko)
RBI Press Release
May 28, 2010 (53 ko)
July 30, 2009 (109 ko)
December 7, 2007 (45 ko)
For Corporate Clients (108 ko)
For Private Banking Clients (56 ko)
ECS Charges by Bank (108 ko)
BNP Paribas Policy document on
(a) immediate credit of local / outstation cheques
(b) time frame for collection of local / oustation cheques
(c) interest payment for delayed collection
BNP Paribas Cheque Collection Policy (76 ko)
BNP Paribas Deposit Policy (247 ko)
In terms of section 16 (1) of DICGC Act 1961, the limit of the total amount payable by the Corporation to any one of the depositor in respect of his/her deposits with an insured bank in the same right and capacity shall be INR 5 lakh from the February 04, 2020.
BNP Paribas India is also a member of the Banking Codes and Standards Board of India, Mumbai
BNP Paribas BCSBI Code (336 ko)
MSE Code (130 ko)
Base Rate: Please note that Base Rate for All categories of Loans and Advances w.e.f September 10, 2015 will be 8.90 % p.a. payable monthly.
Marginal Cost of Funds based Lending Rate (MCLR) Rates effective from 1st January 2021 are as follows:
For January 2021
|Overnight MCLR||1 day loan ( Overdrafts)||5.82%|
|One month MCLR||>1 day and <= 1 month||5.87%|
|Three months MCLR||>1 month and <= 3 months||5.92%|
|Six months MCLR||> 3 months and <=6 months||6.07%|
|One year MCLR||> 6 months and <= 1 year||6.27%|
|Two years MCLR||> 1 year and <=2 years||6.27%|
|Three years MCLR||>2 years and <=3 years||6.27%|
Benchmark Prime Lending Rate (BPLR): The Benchmark Prime Lending Rate of the Bank stands revised to 14.75% p.a. payable monthly w.e.f. 8th August 2011.
BNP Paribas all Branches working days and timings : All our branches are working from 10am – 2pm from Monday – Friday and 1st, 3rd & 5th Saturdays.