RBI Guidelines on ₹2000 Denomination Banknotes Withdrawal from Circulation – PDF Download The Reserve Bank of India has decided to withdraw the ₹2000 denomination banknotes from circulation in pursuance of the “Clean Note Policy”. However, the banknotes will continue to be legal tender. Banks must discontinue issuing the banknotes and reconfigure ATMs and Cash Recyclers … Read more
Introduction of Floating Rate Savings Bonds, 2020 (Taxable) The Government has notified the new Floating Rate Savings Bonds, 2020 (Taxable)Scheme in place of 7.75 percent Savings (Taxable) Bonds, 2018Scheme which ceased for subscription from the close of banking business on May 28, 2020. The broad features of thenew Floating Rate Savings Bonds, 2020 (Taxable) scheme … Read more
RTGS Fund Transfer Timing Extended – RBI Circular on 28.5.2019 Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions Reserve Bank Of India RBI/2018-19/189 DPSS (CO) RTGS No. 2488/04.04.016/2018-19 May 28, 2019 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, … Read more
RBI Clarifies on Safe Custody of its Gold Reserves – RBI Circular RBI clarifies on safe custody of its gold reserves We have come across reports in certain sections of the print and social media regarding RBI shifting abroad a part of its gold holding in 2014. It is a normal practice for Central Banks … Read more
Reserve Bank of India clarification on 5 day week in commercial banks RBI clarification on 5 day week in commercial banks It has been reported in certain sections of the media that commercial banks would have a 5 day week in terms of RBI instructions. It is clarified that this information is not factually correct. … Read more
RBI Officer Grade B Recruitment 2018 – Online Application RESERVE BANK OF INDIA SERVICES BOARD, MUMBAI Advt.No. 6A /2017-18 (This advertisement and the link to apply Online can be accessed on RBI Website www.rbi.org.in) RESERVE BANK OF INDIA – DIRECT RECRUITMENT FOR THE POSTS IN COMMON SENIORITY GROUP (CSG) STREAMS – PANEL YEAR 2018 IMPORTANT … Read more
Banks to remain open till 8 pm on 31.3.2018 – RBI Circular “All agency banks should keep the counters of their designated branches conducting government banking open for government transactions up to 8.00 p.m. on March 31, 2018” Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the … Read more
RBI reiterates legal tender status of ₹ 10 coins of different designs It has come to the notice of the Reserve Bank that in certain places there is reluctance on part of traders and members of public to accept ₹ 10 coins due to suspicion about their genuineness. It is clarified that the Reserve Bank … 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