PIB NEWS – Action taken in cases of bank officials involved in carrying out irregular transactions violative of RBI’s instructions

Action taken in cases of bank officials involved in carrying out irregular transactions violative of RBI’s instructions Press Information Bureau Government of India Ministry of Finance 02-December-2016 18:15 IST Action taken in cases of bank officials involved in carrying out irregular transactions violative of RBI’s instructions post demonetisation of Specific Bank Notes by the Government … Read more

FAQ on Specified Bank Notes – Emergency needs of cash then what I should do?

FAQ on Specified Bank Notes – Emergency needs of cash then what I should do? I have emergency needs of cash (hospitalisation, travel, life saving medicines) then what I should do? Till the December 15, 2016, specified banknotes of only 500 denomination can be used as under:— (a) for making payments in Government hospitals for … Read more

Instructions on 28 Nov 2016 – RBI : Relaxation on withdrawal of cash from bank deposit accounts

Instructions on 28 Nov 2016 – RBI : Relaxation on withdrawal of cash from bank deposit accounts Withdrawal of cash from bank deposit accounts – Relaxation RBI/2016-17/163 DCM.No.1437/10.27.00/2016-17 November 28, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Cooperative Banks/ … Read more

Withdrawal of Cash from Bank account per week – RBI Instructions on 25.11.2016

Withdrawal of Cash from Bank account per week – RBI Instructions on 25.11.2016 Withdrawal of cash – Weekly limit RBI/2016-17/158 DCM (Plg) No.1424/10.27.00/2016-16 November 25, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Central … Read more

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