Monetary Policy of IDRBT CA
Certifying Authority has been issuing digital certificates to Banks/FIs since
August 2002. As
per the existing monetary policy, below mentioned procedure is followed:
per the new monetary policy, below specified procedure need to be followed:
Charges for banks using IDRBT as RA:
IDRBT Registration Authority at present charges Rs.5,000/- (Rupees
Five Thousand Only) per 10 digital certificates or part thereof per bank per
accounting year April to March, independent of the certificate class and the
application for which certificates are used.
April 01, 2006, Banks/FIs should pay administrative charges of Rs.500/- (Rupees Five Hundred Only) against each certificate
(irrespective of certificate class, type and the application for which
certificate is used) along with certificate cost. There is only
change in procedure of collecting administrative charges but there is no change
in the actual charges (Rs. 500/- per certificate in place of Rs. 5000/- for 10
certificates or part thereof).
the process of applying and downloading of digital certificates for applications
such as RTGS, SFMS, CFTS, NEFT etc, it is found that the banks/FIs commit
mistakes (includes filling wrong DN details in the certificate request etc).
Hence, IDRBT CA has introduced waiver policy to lessen the burden of re-paying
the certificate charges (only class 3 certificate). According to the waiver
To re-issue class 3 certificate, the bank/FI has to pay administrative
In case of class 2 and class 1 certificate, there are no re-issuance
charges and banks pay cost of the concerned
The above-mentioned policy would come into effect from April 1, 2006.