FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature… Read More »
Use of Rs 500 and Rs 1000 Bank Notes w.e.f 09.11.2016 Valid Transactions with Rs 500 and Rs 1000 Bank Note :- The bank notes of Rs 500 and Rs 1000 shall not be ceased to be legal tender, with effect from the 9th November, 2016 until the 11th November, 2016, to the extent of… Read More »
MINISTRY OF FINANCE (Department of Economic Affairs) CORRIGENDUM New Delhi, the 9th November, 2016 S.O. 3417(E).—In the notification of the Government of India, Ministry of Finance, Department of Economic Affairs published vide number S.O. 3409(E) dated the 8th November, 2016 in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th… Read More »
ATMs –Non-dispensing of Old High Denomination Notes – Closure of operations RBI/2016-17/111 DPSS.CO.PD.No./02.10.002/2016-2017 November 8, 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… Read More »
Issue of ₹ 2000 Banknotes Date : Nov 08, 2016 The Reserve Bank of India will shortly issue ₹ 2000 denomination banknotes in the Mahatma Gandhi (New) Series, without the inset letter, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing ‘2016’ printed on the reverse of… Read More »
Issue of ₹ 2000 banknotes with inset letter ‘R’ Date : Nov 08, 2016 The Reserve Bank of India will shortly issue ₹ 2000 denomination banknotes in the Mahatma Gandhi (New) Series, with the inset letter ‘R’, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing ‘2016’… Read More »
Issue of ₹ 500 banknotes inset letter ‘E’ in Mahatma Gandhi (New) Series Date : Nov 08, 2016 The Reserve Bank of India will shortly issue ₹ 500 denomination banknotes in Mahatma Gandhi (New) Series with inset letter ‘E’ in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank… Read More »
Reserve Bank of India Press release Banks closed for public on November 9, 2016 Date : Nov 08, 2016 All scheduled and non-scheduled banks, including public, private, foreign, cooperative, regional rural and local area banks, will remain closed for public on Wednesday, November 9, 2016. Alpana Killawala Principal Adviser Press Release : 2016-2017/1143 Related Post… Read More »
Text of Prime Minister’s address to the Nation My dear citizens I hope you ended the festive season of Diwali with joy and new hope. Today, I will be speaking to you about some critical issues and important decisions. Today I want to make a special request to all of you. You may recall the… Read More »
PM’s address to the Nation on Black Money (Hindi)