Demonestisation killed 1.5 million jobs – BEFI Organise Protest Against Ill Effects of Demonetisation – Bank Employees Federation of IndiaCircular No. 29/2017 To all Units, office Bearers, CC & GC Members 14.10.2017 Dear comrades, Demonestisation killed 1.5 million jobs Hold demonstration in all State Capitals Demonestisation of currency notes of Rs. 1000 and Rs. 500 … Read more
Committee on Digital Payments Pursuant to the Government initiative to promote digital payments, NITI Aayog vide order dated on 30th November 2016 constituted a Committee of Chief Ministers with Shri Chandra Babu Naidu, Hon’ble Chief Minister of Andhra Pradesh as the Convener for suggesting measures to seamlessly enable all sections of the population to migrate … Read more
Charges on digital transactions Digital financial transactions are a part of the Government’s strategy to create histories of transactions, including the associated credit, and thereby enable small and micro enterprises to access formal credit, improve tax compliance, and mainstream financial savings into the banking system, which will help mobilise such savings for economic growth. All … Read more
Lucky Grahak Yojana and Digidhan Vyapar Yojana for digital payments of less than Rs.1600 Mega Prizes of Rs. 1 crore, Rs.50 lakh and Rs. 25 lakh for Consumers making digital payments of less than Rs.1600 Press Information Bureau Government of India NITI Aayog 09-April-2017 16:58 IST Mega Prizes of Rs. 1 crore, Rs.50 lakh and … Read more
No Limits on Cash Withdrawal from Savings Accounts from Today “Effective March 13, 2017, there will be no limits on cash withdrawals from Savings Bank accounts – RBI” Cash withdrawal limits from banks removed from today Keeping up with the pace of re-monetisation, Reserve Bank of India has lifted all the limitations that were placed … Read more
Limit on Cash Withdrawals from SB Accounts raised to 50, 000 per week – Reserve Bank Reserve Bank today announced that the cash withdrawal limits on savings bank account to be raised to Rs 50,000 per week from the existing limit of Rs.24,000 from Feb 20. And also the limits on cash withdrawals from savings … Read more
Involvement of bank officials in money laundering during post monetization Press Information Bureau Government of India Ministry of Finance 07-February-2017 16:30 IST Involvement of bank officials in money laundering during post monetization Enforcement Directorate has intimated that bank employees have been found indulging in money laundering and other unfair practices during the phase of demonetisation … Read more
No Limit for Cash Withdrawal from ATMs from February 1 – RBI Circular Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante RESERVE BANK OF INDIA www.rbi.org.in RBI/2016-17/217 DCM (Plg) No. 2905/10.27.00/2016-17 January 30, 2017 The Chairman / Managing Director / Chief Executive Officer, Public Sector Banks / Private … Read more
ATM Withdrawal increased to Rs.10000 per day per card – RBI Notification issued on 16.1.2017 Enhancement of withdrawal limits from ATMs and Current Accounts RBI/2016-17/213 DCM (Plg) No.2559/10.27.00/2016-17 January 16, 2017 The Chairman / Managing Director / Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / … Read more
Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017. Press Information Bureau Government of India Ministry of Finance 08-January-2017 18:17 IST Income-tax Rules amended to provide that bank shall obtain and link PAN … Read more