To cope with short supply of currency notes, the Reserve Bank of India, RBI, has brought back soiled notes. These are usually destroyed by the central bank.Banking sources say, RBI has decided to put soiled notes.
The CEO of the State Bank of India,Arundhathi Bhattacharya has informed that the dispensing of the currency notes of Rs. 20/- and Rs. 50/- will commence soon for the public facility.
ASSOCHAM (The Associated Chambers of the Commerce of India) has recommended that the registration charges in the real estate industry must be reduced by 50 percent as a strong step.
The centre has made a new move to prevent black money turning white by making an indelible ink mark on fingers of those who approach banks for exchanging old money for new.
In a major step to check black money, the government on 8th discontinued Rs 500 and 1000 currency notes. The announcement in this regard was made by Prime Minister Narendra Modi
Experts have said that all ATMs in India need to be calibrated afresh according to their weight, dimensions, design, and security features and this process may take over a month. They also say that since.
Placing plea to be public to make use of their debit or credit cards as much as they can so that the strain on bank branches is less, the RBI has also announced that the currency printing presses.
The central government had announced that it is demonetizing Rs 500 and Rs 1000 notes from the night of 8th November. This followed a complete shutdown of all banks on 9th November and on the consecutive.
The government has extended the deadline to use demonetized Rs 500 and Rs 1000 notes at select places as announced earlier. Accordingly, the extended deadline is 24th November 2016.
With the recent demonetization of certain currencies, it’s time to go cashless when you can. Here are a few tips for you.Use your bank cards - debit or credit - to do most of your payments. This ensures timely payments.
Reserve Bank Of India has mentioned that the Rs 500 and Rs 1000 notes demonetized by the government can be exchanged even after 30th December. The people have been advised not to pressurize the banks.
Officials from the Reserve Bank of India have explained regarding the issue whether the same person can withdraw Rs. 4000/- cash from the different branches of his bank.In the present scenario, questions have.
Why you need a PAN card?
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A Permanent Account Number card or PAN cards has become essential for Indian citizens. It is used by the government to track taxable component in financial transactions.The government has made it compulsory.
Bank rates to come down
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The State Bank of India, SBI, has said that it has received nearly Rs 40,000 crore as deposits in the last two days following the government’s decision to demonetise Rs 500 and Rs 1,000 notes.
A request for proposal, or RFP, will be issued by the Ministry of Electronics and Information Technology by December to set up a common e-governance platform for end-to-end transactional experience.
The government will look out for large inflows of cash deposits in bank accounts opened under the Pradhan Mantri Jan-Dhan Yojana. This development that comes in the wake of reports.
A senior government official has said that the new magenta Rs. 2,000 notes have all been printed at a facility in India but, barring the design, the security features remain the same as the old Rs. 500 and Rs. 1,000 notes.
The Southern Regional Manager of the Reserve Bank of India Sadakathulla has announced that all banks in Tamil Nadu will work without any weekend holiday breaks.In a press release regarding this, he explained.
The Income Tax Department has asked banks to report all cash deposits exceeding Rs 2.5 lakh during the 50-day window provided to tender the now-defunct 500 and 1000 rupee notes.
Industry experts have said that even as ATMs will provide only Rs. 100 denomination of notes when they open on Friday, Rs. 2,000 notes would take a week’s time to be made available.
