INCORPORATED IN INDIA
The Banking Regulation Act, 1949

FORM VI
(See rule 12)(Section 23)

Form of application for permission to open a new place of business or change the location
(Otherwise than within the same city, town or village) of an existing place of business under
section 23 of the Act

Address …………………………..
Date …………………………..

…………………..
Department of Banking Operations and Development,
Reserve Bank of India,
Dear Sir,
We hereby apply for permission to open a new place of business / change the location
at………………of an change the location existing place of business from……… to
…………….in terms of section 23 of the Banking Regulation Act, 1949. We give below the
necessary information in the form prescribed for the purpose.

Yours faithfully,
Signature ……………

(1)Name of the banking company:
(2)Proposed Office: Give the following information:
(a) Name of city/town/village:
(in case the place is known by more than one name, the relative information
should also be furnished)
(b) Name of locality/location:
(c) Name of
(i) (i) Block:
(ii) (ii) Taluk/Tehsil:
(iii) (iii) District:
(iv) (iv) State:
(d)Status of the proposed office:
(e)The distance between the proposed office and the nearest existing commercial
bank office together with the name of the bank and that of the centre/locality.
(f)Names of the commercial banks and the number of their offices functioning
within a radius of 5 Kms. together with the names of centres where these are
functioning.

(3) Previous applications: Give particulars of applications, if any, previously made to the Reserve
Bank in respect of the proposed place of business.
(4) Reasons for the proposed office: State detailed reasons for the proposed office and give
statistical and other data, as under, which may have been collected for the proposed office.
(i)Population of the place.
(ii)Particulars of the command area (i.e. the area of operation of the proposed off
ice)

(a) (a) Approximate radius of the command area.
(b) (b) Population.
(c) Number of villages in the command area.
(iii)The volume and value of agricultural, mineral and industrial production and imports and
exports of the area of operation of the proposed office as under:
Commodity Production Imports Exports

Volume Value Volume Value Volume Value

1 2 3 4 5 6 7
(iv)If there are schemes for agricultural, mineral or industrial development, give details of
the same and their probable effect on the volume and value of the present production,
imports and exports.
(v)If the existing banking facilities are considered inadequate, give reasons.
(vi)Prospectus: Give, as under, an estimate of the minimum business which the banking
company expects to attract at the proposed office within 12 months.
(a) Deposits…………………..Amount in thousands of rupees.
(b) Advances: ………………. Amount in thousands of rupees.

(5) Change of location of an existing office: Give the exact location of the office which is proposed
to be closed and of the place to which it is proposed to be shifted giving particulars of the new
location as in items (2), (3) and (4).
(6) Expenditure: State the amount already spent or proposed to be spent on staff, premises,
furniture, stationery, advertising, etc., in connection with the proposed office. Also state the
minimum income which the Banking company expects to earn at the proposed office within 12
months.
(7)Other particulars: Any additional facts which the banking company may wish to adduce in
support of its application.
N.B.:
1 .The words ‘office’ and ‘offices’, wherever they occur in this form, include a place or places of
business at which deposits are received, cheques cashed, moneys lent or any other form of
business referred to in sub-section (1) of section 6 of the Act is transacted.
2.Item (5) to be replied to if the application is for changing the location of an existing place of
business.
3.If a banking company is unable or unwilling to supply full details in respect of any of the items,
reasons for the omission may be given.
4.The information asked for in items (2), (3), (4), (5) and (6) is to be given separately for each
office where the application relates to the opening of or changing the location of more than one
office.
5.In the case of change of the location of “administrative office” where no banking business is
transacted or proposed to be transacted (such as “Registered Office, Central Office or Head
Office”) only an application in the form of a letter need be submitted, indicating the reasons for the