Category: RBI

Revision in cash withdrawal limit for farmers-traders registered with APMC markets/mandi. Limit is 25000 for farmers and 50000 for Traders-RBI

Revision in cash withdrawal limit for farmers-traders registered with APMC markets/mandi. Limit is 25000 for farmers and 50000 for Traders-RBI  Reserve Bank of India Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Revisions RBI/2016-17/146 DCM (Plg) No.1323/10.27.00/2016-17 November 21, 2016 The …

Substandard classification of bank loans deferred 60 days due to demonetisation. Relief given in repayment by RBI relaxing Prudential Norms

Substandard classification of bank loans deferred 60 days due to demonetisation. Relief given in repayment by RBI relaxing Prudential Norms Reserve Bank of India Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances RBI/2016-17/143 DBR.No.BP.BC.37/21.04.048/2016-17 November 21, 2016 All Entities Regulated by the Reserve Bank …

Waiver of ATM charges for withdrawal from savings bank till 30-12-2016. whether transactions done at their own banks ATMs or other banks ATMs-RBI

Waiver of ATM charges for withdrawal from savings bank till 30-12-2016. whether transactions done at their own banks ATMs or other banks ATMs-RBI  Reserve Bank of India Usage of ATMs – Waiver of customer charges RBI/2016-17/132 DPSS.CO.PD.No.1240/02.10.004/2016-2017 November 14, 2016 The Chairman and Managing Director / Chief Executive …

Separate Pay-in-slips for cash deposits of withdrawn bank notes. Depositor with mixed bunch of SBN and legal lender notes has to segregate them-RBI

Separate Pay-in-slips for cash deposits of withdrawn bank notes. Depositor with mixed bunch of Specified Bank Notes and legal lender notes has to segregate them-RBI   Reserve Bank of India (RBI) vide its notification dated 14th November, 2016 has taken several measures consequent to withdrawal of Legal Tender …