Category: RBI

Notification-withdrawal of 500 1000 bank notes from midnight of 08-11-2016 ceasing them to be legal tender as recommended by the RBI-Ministry of Finance

Notification-withdrawal of 500 1000 bank notes from midnight of 08-11-2016 ceasing them to be legal tender as recommended by the RBI-Ministry of Finance MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 8th November, 2016 S.O. 3407(E).─ Whereas, the Central Board of Directors of the Reserve …

Issuance of Rupee denominated bonds overseas by Indian banks-RBI

Issuance of Rupee denominated bonds overseas by Indian banks-RBI allows issue of Perpetual Debt Instruments PDI and Long term Rupee Denominated Bonds  Reserve Bank of India Issuance of Rupee denominated bonds overseas by Indian banks RBI/2016-17/107 A.P. (DIR Series) Circular No. 14 November 03, 2016 To All Category-I …

Exclusive ATMs for Rs 100 denomination banknotes as pilot project. 10% of ATMs of country to be calibrated to dispense Rs 100 banknotes exclusively-RBI

Exclusive ATMs for Rs 100 denomination banknotes as pilot project. 10% of ATMs of country to be calibrated to dispense Rs 100 banknotes exclusively-RBI  Reserve Bank of India Exclusive ATMs for Rs 100 denomination banknotes  RBI/2016-17/106 DCM (CC) No.1170/03.41.01/2016-17 November 02, 2016 The Chairman & Managing Director / …

Counterfeit-Fake currency notes not to be returned to customer. RBI fresh advisory on Detection-Impounding & penal action on banks for violation.

Counterfeit-Fake currency notes not to be returned to the tenderer under under no circumstance, RBI issues fresh advisory on Detection and Impounding of Counterfeit Notes and penal action on violation. Reserve Bank of India Detection and Impounding of Counterfeit Notes RBI/2016-17/102 DCM (FNVD) No.1134/16.01.05/2016-17 October 27, 2016 The Chairman & …