Need recalibration (Software and Hardware changes) in all ATMs Availability of cash with Bank branches and Post Offices Ministry of Finance has reviewed and taken stock of the cash availability and issuance to members of public today. Reserve Bank of India (RBI), Indian Banks Association (IBA) and a few major banks participated in the review … Read more
last date for using OHD notes extended till 14.11.2016 – Finmin Orders Press Information Bureau Government of India Ministry of Finance 11-November-2016 19:14 IST Government extends existing exemptions with regard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations until the expiry of … Read more
Change the 500, 1000 notes through representative – What is the procedure? In case you are not possible for you to visit the bank you may send your representative with an express mandate i.e. a written authorisation. The representative should produce authority letter and his / her valid identity proof while tendering the notes. Proof … Read more
FAQ on Old High Denomination (OHD) Bank Notes The legal tender character of the notes in denominations of Rs.500 and Rs.1000 stands withdrawn ATMs upto a maximum of Rs.2,000/- per card per day upto 18th November, 2016. The limit will be raised to Rs.4000/- per day per card from 19th November 2016 onwards. You can … Read more
FAQ on Withdrawal of Legal Tender Character of the Old High Denomination Bank Notes FREQUENTLY ASKED QUESTIONS Frequently Asked Questions (FAQs) on Withdrawal of Legal Tender Character of the Old High Denomination Bank Notes 1. Why is this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the … Read more
RBI issues Rs.2000 notes in a new series Now your bank notes in a new design RBI issues Rs.2000 notes in a new series The Reserve Bank of India is introducing new design banknotes in the denomination of Rs.2000 as part of Mahatma Gandhi (New) Series. The new denomination has motif of the Mangalayan on … Read more
RBI issues Rs.500 notes in a new series Now your bank notes in a new design RBI issues Rs.500 notes in a new series The new Rs.500 notes are different form the present series in colour, size, theme, location of security features and design elements. The size of the new notes is 63mm x 150mm. … Read more
Cancellation of the legal tender character of the High Denomination bank notes of Rs.500 and Rs.1000 denominations issued by RBI Government of India Ministry of Finance Department of Economic Affairs Press Release With a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for … Read more
500 and 1000 Rupees notes Scrapped; ATM’s closed for two days Today Prime minister announces that Rs 1000 and 500 Notes will be invalid after midnight . These Rs.500 and 1000 notes will be accepted at hospitals, Petrol Bunk, booking Air Ticket and Train ticket upto 11th November In a big announcement on Tuesday evening, … Read more
Five hundred and one Thousand Rupee Notes will no longer be Legal Tender from Midnight Tonight Historic announcements on ending corruption and black money by PM; Five hundred and one thousand rupee notes will no longer be legal tender from midnight tonight In a historical move that will add record strength in the fight against … Read more