demonetisation Archive

ATM-Current account Cash withdrawal limit increased. For ATM from 4500/- to 10000/- per day per card and for C/A from 50000/- per week to 100000/-

Author: | Categories: RBI No comments
ATM-Current account Cash withdrawal limit increased. For ATM  from Rs. 4500/- to 10000/- per day per card and for C/A or overdrafts from 50000/- per week to 100000/- Reserve Bank of India 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

Demonetization resulted sharp decline in terror funding hawala trade, supari killings and human trafficking

Author: | Categories: Government No comments
Demonetization resulted sharp decline in terror funding hawala  trade, supari killings and human trafficking, particularly of young girls as sex slaves Ministry of Law & Justice Press Release Dated: 12-01-2017 Demonetization resulted in decline in Terror Funding, Hawala Trade, Human Trafficking, says Law Minister Ravi Shankar Prasad Union Law,

Demonetization-historic decisions have temporary pain attached to them. Difficult decisions initially pass through difficult phases as Finance Minister

Author: | Categories: Finance Ministry No comments
Demonetization-historic decisions have temporary pain attached to them-Finance Minister Ministry of Finance Press Release Dated 11/01/2017 On demonetization, Finance Minister Shri Arun Jaitley says that difficult decisions initially pass through difficult phases as historic decisions have temporary pain attached to them. Stressing the implementation of GST, FM says that

No withdrawal from bank if PAN-Form 60 not provided. Bank to report cash deposits from 01-04-2016 to 09-11-2016 also. New Rules

Author: | Categories: Income Tax No comments
No withdrawal from bank if PAN-Form 60 not provided. Bank to report cash deposits from 01-04-2016 to 09-11-2016 also. New Rules   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

Actual numbers of SBNs returned to be disclosed soon-RBI clarifies that there might be accounting errors or possible double counts etc.

Author: | Categories: RBI No comments
Actual numbers of SBNs returned to be disclosed soon-RBI clarifies that there might be accounting errors or possible double counts etc. Reserve Bank of India Date : Jan 05, 2017 Clarification regarding Specified Bank Notes (SBNs) There had been various estimates on SBNs tendered in certain sections. We would

Foreign citizens can exchange old notes till 31-01-2017. RBI relaxes the SBNs exchange facility to foreign citizens (i.e. foreign passport holders)

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Foreign citizens can exchange old notes till 31-01-2017. RBI relaxes the SBNs exchange facility to foreign citizens (i.e. foreign passport holders) Reserve Bank of India RBI/2016-17/208 A.P. (DIR Series) Circular No. 24 January 03, 2017 To All Authorised Persons Madam / Sir, Exchange facility to foreign citizens Attention of

Allocation of 40 percent bank notes to rural areas. RBI advisory for banks currency chests to issue cash in denominations of Rs 500 and below

Author: | Categories: RBI No comments
Allocation of 40 percent bank notes to rural areas. RBI advisory for banks currency chests to issue cash in denominations of Rs 500 and below  Reserve Bank of India RBI/2016-17/207 DCM (Plg) No.2200/10.27.00/2016-17 January 03, 2017 The Chairman / Managing Director/ Chief Executive Officer, (All banks with currency chests)
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