Daily Archives: December 7, 2016

Old Rs 500 Bank notes can not be used w.e.f 10.12.2016 for Certain Transactions

By | December 7, 2016

As per the Following Notification Dated 7.12.2016 following are omitted w.e.f 10.12.2016 i.e  specified Bank Notes of Rs 500  can not be used for following Payment w.e.f 10.12.2016 :- (b) at railway ticketing counters and ticket counters of Government or Public Sector Undertaking buses for purchase of tickets;” (l) for making payments to catering services… Read More »

Banks to install one million new PoS terminals by 31st March 2017

By | December 7, 2016

In order to facilitate the move towards cashless transactions, the Government has directed the banks to install an additional one million new PoS terminals by 31st March 2017;. 2,73,919 camps organized to open banks accounts for unorganized labour in which 24.54 lakh accounts opened. As part of the plan to expand the digital payments eco-system… Read More »