Category Archives: RBI

Exchange Limit of Indian Currency to foreign citizens till 31.01.2017

By | January 4, 2017

RBI/2016-17/208 A.P. (DIR Series) Circular No. 24 January 03, 2017 To All Authorised Persons Madam / Sir, Exchange facility to foreign citizens Attention of Authorized Persons is invited to the A.P. (DIR Series) Circular No. 20 dated November 25, 2016 permitting foreign citizens to exchange foreign exchange for Indian currency notes up to a limit… Read More »

Supply 40% of bank notes to rural areas : RBI to Banks

By | January 3, 2017

Allocation of cash for rural areas RBI/2016-17/207 DCM (Plg) No.2200/10.27.00/2016-17 January 03, 2017 The Chairman / Managing Director/ Chief Executive Officer, (All banks with currency chests) Dear Sir / Madam Allocation of cash for rural areas Please refer to our circulars DCM (Plg) No.1345/10.27.00/2016-17 dated November 22, 2016 and DCM (Plg) No.1508/10.27.00/2016-17 dated December 02,… Read More »

Tender Form For Non Resident Indians for Deposit of Old Bank Notes

By | January 1, 2017

Tender Form For Non Resident Indians for Deposit of Old Bank Notes at RBI Offices [ Related Post How and Where to Deposit Old bank notes after 30.12.2016 : RBI prescribed procedure ] Download  Tender Form For Non Resident Indians for Deposit of Old Bank Notes Particulars Date Circular No       Ceasing of bank notes… Read More »

Tender Form – For Resident Indians – For Deposit of Old Bank Notes at RBI

By | January 1, 2017

Tender Form – For Resident Indians [ Related Post How and Where to Deposit Old bank notes after 30.12.2016 : RBI prescribed procedure How to deposit old Bank notes at RBI after 30.12.2016 -Key Points ] Download Tender Form – For Resident Indians Related Post on Demonetization Particulars Date Circular No       Ceasing of bank… Read More »

How and Where to Deposit Old bank notes after 30.12.2016 : RBI prescribed procedure

By | January 1, 2017

Deposit Old notes in RBI after 30.12.2016 : RBI Prescribed procedure For deposit old Notes in RBI , Bank will ensure that accounts are KYC complied. Read following Circular of RBI on prescribed procedure :- Facility for exchange of Specified Bank Notes (SBNs) during Grace Period – Verification of KYC and Account details RBI/2016-17/205 DCM… Read More »

Pre-Paid Payment Instruments Issuance to merchants – RBI exentended Time

By | December 31, 2016

RBI/2016-17/203 DPSS.CO.PD.No.1669/02.14.006/2016-2017 December 30, 2016 All Prepaid Payment Instrument Issuers System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Dear Madam/ Sir, Special measures to incentivise Electronic Payments – Extension of time A reference is invited to circular DPSS.CO.PD.No.1288/02.14.006/2016-17 dated November 22, 2016 advising enhancements in the limits of semi-closed PPIs issued… Read More »

Daily Cash withdrawal Limit from ATMs increased w.e.f 01.01.2017

By | December 31, 2016

RBI/2016-17/204 DCM (Plg) No. 2142/10.27.00/2016-17 December 30, 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 Cooperative Banks Dear Sir, Cash withdrawal from ATMs – Enhancement of daily limits Please refer to our circular… Read More »

Chandigarh Regional Office Bank Holiday List for 2017

By | December 30, 2016

CHANDIGARH REGIONAL OFFICE HOLIDAY LIST FOR THE YEAR 2017 • Holiday under Negotiable Instruments Act • Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday • RBI’s Annual Closing of Accounts • Banks’ Closing of Accounts and Real Time Gross Settlement Holiday January 5 Guru Govind Singh’s Birthday • 26 Republic Day •… Read More »

RBI alowed White Label ATM Operators for Sourcing of cash from retail outlets

By | December 30, 2016

RBI/2016-17/202 DPSS.CO.PD. No.1621/02.10.002/2016-17 December 30, 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 / Authorised ATM Network Operators /Card Payment Network Operators/ White Label ATM Operators Dear Madam/ Sir, White Label ATM Operators (WLAOs)… Read More »