Category Archives: other Acts

Procedure for putting indelible ink on finger of customers going to Bank for Exchange of Old Bank Notes

By | November 16, 2016
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RBI/2016-17/133 DCM (Plg) No.1280/10.27.00/2016-17 November 15, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Foreign Banks Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks Dear Sir Standard Operating Procedure (SOP) for putting indelible ink on the finger of the customers coming to a bank branch… Read More »

No Exchange or Deposit of Old bank notes at District Central Cooperative Banks

By | November 15, 2016
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Date : Nov 14, 2016 DCCBs can allow existing customers to withdraw upto ₹ 24,000 from their accounts : RBI The Reserve Bank of India has today clarified that District Central Cooperative Banks (DCCBs) can allow their existing customers to withdraw money from their accounts upto ₹ 24,000 per week upto November 24, 2016. However,… Read More »

RBI Constituted Task Force for Recalibration & reactivation of ATMs

By | November 15, 2016
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Date : Nov 14, 2016 Constitution of Task Force for enabling dispensation of Mahatma Gandhi (New) Series Banknotes – Recalibration and reactivation of ATMs It has become necessary to re-calibrate all ATMs/ Cash handling machines to dispense the new design notes following introduction of Mahatma Gandhi (New) Series Banknotes including a new High Denomination (₹… Read More »

Cash withdrawal from District Central Cooperative Banks upto Rs 24000 per week

By | November 15, 2016
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RBI/2016-17/130 DCM (Plg) No.1273/10.27.00/2016-17 November 14, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Foreign Banks/Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/ District Central Cooperative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Applicability… Read More »

Use separate pay-in-slips for depositing Old Bank Note of 500 and 1000 RBI

By | November 15, 2016
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RBI/2016-17/131 DCM (Plg) No. 1274/10.27.00/2016-17 November 14, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Foreign Banks Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/ District Central Cooperative Banks Dear Sir, Withdrawal of Legal Tender Character of Specified Bank Notes – Expanding the distribution locations… Read More »

ATMs Usage charges waived for savings bank customers

By | November 15, 2016
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RBI/2016-17/132 DPSS.CO.PD.No.1240/02.10.004/2016-2017 November 14, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks White Label ATM Operators Dear Madam/ Sir, Usage of ATMs – Waiver of customer charges A reference is invited to the circular… Read More »

RBI Revised Annex- 6A furnish daily data on cash withdrawals by Banks

By | November 14, 2016
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RBI/2016-17/128 DCM (Plg) No.1268/10.27.00/2016-17 November 12, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Cooperative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Reporting and Monitoring – Information on Issuance of… Read More »

Category: RBI

RBI Revised limits for Withdrawal of cash from Banks

By | November 14, 2016
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RBI/2016-17/129 DCM (Plg) No.1272/10.27.00/2016-17 November 13, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Revision… Read More »