Date : Dec 19, 2016 RBI to issue of Rs 50 Banknotes with inset letter ‘L’, with numerals in ascending size in number panels, and without intaglio printing The Reserve Bank of India will shortly issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the number panels, bearing… Read More »
Date : Dec 19, 2016 RBI to issue of Rs 50 Banknotes with inset letter ‘R’, with numerals in ascending size in number panels, and without intaglio printing The Reserve Bank of India will shortly issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘R’ in both the number panels, bearing… Read More »
RBI has modified the Following Circular Dated 19.12.2016 and said that the provisions of the below circular at sub para (i) and (ii) will not apply to fully KYC compliant accounts. Thus Person can deposit in multiple times Rs 500 and Rs 1000 Old Bank Notes if the account is Fully KYC compliant. Withdrawal of… Read More »
Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 Date : Dec 16, 2016 Government of India, in consultation with the Reserve Bank of India, has notified Pradhan Mantri Garib Kalyan Deposit Scheme, 2016. The deposit under this Scheme shall be made by any person who declared undisclosed income under Pradhan Mantri Garib Kalyan Yojana, 2016.… Read More »
RBI/2016-17/186 A.P. (DIR Series) Circular No. 22 December 16, 2016 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 »
Special measures upto March 31, 2017: Rationalisation of Merchant Discount Rate (MDR) for transactions upto ₹ 2000/- RBI/2016-17/184 DPSS.CO.PD.No.1515/02.14.003/2016-17 December 16, 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 / Payments Banks and Small… Read More »
Special Measures upto March 31, 2017 : Rationalisation of customer charges for Immediate Payment Service (IMPS), Unified Payment Interface (UPI) & Unstructured Supplementary Service Data (USSD) RBI/2016-17/185 DPSS CO.PD.No.1516/02.12.004/2016-17 December 16, 2016 The Chairman and Managing Director / Chief Executive Officers All participants in Immediate Payment Service (IMPS), Unified Payment Interface (UPI) and Unstructured Supplementary… Read More »
Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) 2016 RBI/2016-17/187 IDMD.CDD.No.1453/14.04.050/2016-17 December 16, 2016 The Chairman & Managing Director All Authorised Banks Dear Sir/Madam, Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 The Government of India has vide the notification no. S.O. 4061 (E) dated December 16, 2016 announced the “Pradhan Mantri Garib Kalyan Deposit Scheme… Read More »
Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Operational Guidelines RBI/2016-17/188 IDMD.CDD.No.1454/14.04.050/2016-17 December 16, 2016 The Chairman & Managing Director Authorised Banks Dear Sir/Madam, Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Operational Guidelines This has reference to the Central Government notification S.O. 4061 (E) and RBI circular IDMD.CDD.No. 1453/14.04.050/2016-17 dated December 16,… Read More »
Pradhan Mantri Garib Kalyan Deposit Scheme 2016 1. What is Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 is a scheme notified by the Government of India on December 16, 2016 which is applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib… Read More »