Fake currency notes in Banks and Post Office – Government agencies are closely monitoring Government agencies are closely monitoring receipt of fake currency notes in Banks and Post Office; Special watch is being kept receipt of fake notes in the States bordering our neighbouring countries. One of the primary objectives of cancellation of legal tender … Read more
Need recalibration (Software and Hardware changes) in all ATMs Availability of cash with Bank branches and Post Offices Ministry of Finance has reviewed and taken stock of the cash availability and issuance to members of public today. Reserve Bank of India (RBI), Indian Banks Association (IBA) and a few major banks participated in the review … Read more
Last date for using OHD notes extended till 14.11.2016 – Finmin Orders Press Information Bureau Government of India Ministry of Finance 11-November-2016 19:14 IST Government extends existing exemptions with regard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations until the expiry of … Read more
FAQ on Old High Denomination (OHD) Bank Notes The legal tender character of the notes in denominations of Rs.500 and Rs.1000 stands withdrawn ATMs upto a maximum of Rs.2,000/- per card per day upto 18th November, 2016. The limit will be raised to Rs.4000/- per day per card from 19th November 2016 onwards. You can … Read more