Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Reporting and Monitoring RBI/2016-17/125 DCM (Plg) No.1264/10.27.00/2016-17 November 11, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ Cooperative Banks Dear Sir, Withdrawal of… Read More »
RBI/2016-17/127 A.P. (DIR Series) Circular No. 17 November 11, 2016 To All Authorised Persons Madam / Sir, Issue of Pre-Paid Instruments to foreign tourists Attention of Authorised Persons is invited to the A.P. (DIR Series) Circular No. 16 dated November 9, 2016 on Withdrawal of the legal tender character of the existing and any older… Read More »
Requisition Slip / Request Slip for exchange of Old High Denomination Bank Notes in denominations of Rs 500/- and Rs 1000/- Rs 500 and Rs 1000 Bank Notes of aggregate value upto Rs. 4000 only held by a person can be exchanged by him/her at any bank branch or Issue Office of Reserve Bank of… Read More »
Governments Departments can withdraw cash beyond Rs 10000 in exceptional cases RBI/2016-17/124 DCM (Plg) No.1256/10.27.00/2016-17 November 11, 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 Dear Sir Withdrawal of Legal Tender Character of existing ₹ 500/-… Read More »
Enough Cash is Available, RBI reassures; urges Public to exercise Patience and Exchange Notes at Convenience Date : Nov 11, 2016 In a statement issued today, the Reserve Bank of India has said that consequent to the withdrawal of Legal Tender Character of existing ₹ 500 and ₹ 1000 Bank Notes, it has made arrangements… Read More »
Rs 500 and 1000 exchange rules The Government of India has declared that currency notes of Rs. 500 and Rs. 1,000 denominations will not be valid from midnight of November 8, 2016, citizens will have to surrender the old notes at any branch of a bank or post office to get the new notes. Brief… Read More »
Master Directions – Mortgage Guarantee Companies (Reserve Bank) Directions, 2016 RBI/DNBR/2016-17/50 Master Direction DNBR.(PD-MGC) No. 01/23.11.001/2016-17 November 10, 2016 Master Directions – Mortgage Guarantee Companies (Reserve Bank) Directions, 2016 The Reserve Bank of India (the Bank) having considered it necessary in the public interest and being satisfied that, for the purpose of enabling the Bank… Read More »
Withdrawal of Legal Tender Status for ₹ 500 and ₹ 1000 Notes – Related Links Reserve bank of India of Notifications, Press Release FAQ Withdrawal of Legal Tender Status for ₹ 500 and ₹ 1000 Notes and Security Features of New Notes (RS 500 and Rs 2000) Notifications Payment Systems to remain open on Saturday, November 12… Read More »
Repo / Reverse Repo Transactions with RBI RBI/2016-17/117 FMOD.MAOG.No.116/01.01.001/2016-17 November 10, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks), Scheduled Urban Co-operative Banks and Standalone Primary Dealers Dear Sir/Madam, Repo / Reverse Repo Transactions with RBI Please refer to circular No. FMRD.DIRD.10/14.03.002/2015-16 dated May 19, 2016, on the captioned subject. 2. In this connection,… Read More »
Setting up of IFSC Banking Units (IBUs) – Permissible activities RBI/2016-17/118 DBR.IBD.BC.32/23.13.004/2016-17 November 10, 2016 Chairman/Managing Director and CEOs All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam, Setting up of IFSC Banking Units (IBUs) – Permissible activities Please refer to our circular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015 setting out RBI directions relating to… Read More »