RBI asks banks to be cash-ready for pensioners & armed forces

RBI asks banks to be cash-ready for pensioners, armed forces RBI has asked banks to ensure cash supply for pensioners and armed forces in the wake of limited currencies in the market following cancellation of Rs 500 and Rs 1,000 notes. The Reserve Bank said demand for cash from government officials and pensioners is expected … Read more

Rs.500 Old Banknotes can be used for paying School, College Fees and Mobile Recharge

Rs.500 Old Banknotes can be used for paying School, College Fees and Mobile Recharge Press Information Bureau Government of India Ministry of Finance 24-November-2016 19:43 IST After due consideration of all relevant aspects, the Central Government takes various decisions relating to certain operational aspects of the Scheme relating to cancellation of legal tender character of … Read more

Demonetisation of Old High Denomination Currency & Cash Deposits in Bank Accounts

Black money is a crime against humanity – CBDT Press Release Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th November, 2016. PRESS RELEASE Sub: Demonetisation of Old High Denomination Currency & Cash Deposits in Bank Accounts It was announced by the Government earlier that small deposits … Read more

Cash withdrawal for purpose of celebration of wedding – Application Form

Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding RBI/2016-17/145 DCM (Plg) No.1320/10.27.00/2016-17 November 21, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks Regional Rural Banks / … Read more