Proof of Identity required for exchange of Rs 500 and Rs 1000 Bank Note Proof of Identity /Documents required along with Requisition slip/ Request Slip for exchange of Rs 500/- and Rs 1000/ Bank Note Any of the followning Identity Proof Original to be shown at the counter of the Bank for Exchange of Bank… 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 »
Banks to remain open for public on Saturday, November 12 and Sunday, November 13, 2016 Date : Nov 09, 2016 All scheduled and non-scheduled banks, including public, private, foreign, cooperative, regional rural and local area banks, will remain open for public on Saturday, November 12 and Sunday, November 13, 2016. Banks are advised to keep… Read More »
Salient features of the scheme of Withdrawal of Legal Tender Character from existing series of Bank Notes in the denominations of Rs. 500 and Rs. 1000 1. In terms of Gazette Notification No 2652 dated November 08, 2016 issued by Government of India, existing series of banknotes in the denominations of Rs. 500/- and Rs.… Read More »
New Rs 2000 Note -17 Key Features Related Post How to Exchange Rs 500 / Rs 1000 Bank Notes w.e.f 10.11.2016 8 Use of Rs 500 and Rs 1000 Bank Notes allowed w.e.f 09.11.2016 RBI FAQs on Withdrawal of ₹ 500/- and ₹ 1000/- Bank Notes New Rs 500 Bank Note Key Security Features Action… Read More »
Rs 500 Bank Note Key Features Related Post How to Exchange Rs 500 / Rs 1000 Bank Notes w.e.f 10.11.2016 8 Use of Rs 500 and Rs 1000 Bank Notes allowed w.e.f 09.11.2016 RBI FAQs on Withdrawal of ₹ 500/- and ₹ 1000/- Bank Notes Action to be… Read More »
Limit on Cash Deposit & Cash Withdrawal in India With a view to curb financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities such as espionage, smuggling of arms, drugs and other contrabands into India, and for eliminating Black Money which casts a long… Read More »
Cash withdrawal from bank account w.e.f 10.11.2016 in India Limit on over the counter Cash Withdrawal :- Cash withdrawal from a bank account, over the counter will be restricted to Rs.10,000/- subject to an overall limit of Rs. 20,000/- in a week for the first fortnight, i.e., until the end of business hours on November 24,… Read More »
Govt of India Ministry of Finance 08-November, 2016 With a view to curb financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities, and for eliminating Black Money ,Government decides to cancel the legal tender character of the High Denomination bank notes of Rs.500 and… Read More »
RBI/2016-17/112 DCM (Plg) No.1226/10.27.00/2016-17 November 08, 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/- and ₹ 1000/- Bank Notes In terms of Gazette Notification… Read More »