Category Archives: RBI

Cash Withdrawal from Bank /Exchange of Old Bank Note -RBI FAQ updated 21.11.2016

By | November 21, 2016

Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 21, 2016) (Updated as on November 21, 2016) (Updated as on November 18, 2016) (Updated as on November 16, 2016) (Updated as on November 14, 2016) (Updated as on November 12, 2016)… Read More »

Purchase of seeds with Old bank Note Rs 500 allowed : Govt Notification 20.11.2016

By | November 21, 2016

Purchase of seeds with Old bank Note Rs 500 As per the following notification Govt of India has allowed use of  old Bank Note of  Rs 500  till 24.11.2016 for making payments towards purchase of seeds from the centres, units or outlets belonging to the Central or State Governments, Public Sector Undertakings, National or State Seeds… Read More »

Daily limit of withdrawal from ATMs

By | November 20, 2016

RBI/2016-17/141 DCM (Plg) No.1304/10.27.00/2016-17 November 20, 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/ District Central Co-operative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/-… Read More »

Cash Withdrawal at Point-of-Sale (POS) – Withdrawal limits and customer fee/charges- Relaxation by RBI

By | November 19, 2016

Date : Nov 18, 2016 The Reserve Bank of India had issued instructions to banks on November 14, 2016 that banks shall waive levy of ATM charges for all transactions by saving bank customers done at all ATMs, irrespective of the number of transactions during the month, from November 10, 2016 till December 30, 2016,… Read More »

Rs 2000 Limit for cash withdrawal at POS- debit cards & open system prepaid cards

By | November 19, 2016

RBI/2016-17/140 DPSS.CO.PD.No.1280/02.14.003/2016-17 November 18, 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 / All Card Network Providers Dear Madam / Sir, Cash Withdrawal at Point-of-Sale (POS) – Withdrawal limits and customer fee/charges – Relaxation… Read More »

Bank Notes Exchange over upto Rs 2000 only once per person w.e.f 18.11.2016 : RBI

By | November 18, 2016

RBI/2016-17/139 DCM (Plg) No.1302/10.27.00/2016-17 November 17, 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 – Exchange… Read More »

RBI expanded investment basket for FPIs under corporate bond route

By | November 17, 2016

RBI/2016-17/138 A.P. (DIR Series) Circular No.19 November 17, 2016 To, All Category – I Authorised Dealer banks Madam / Sir, Investment by Foreign Portfolio Investors (FPI) in corporate debt securities Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to paragraph 1 of Schedule 5 to the Foreign Exchange Management… Read More »