Category: RBI
Old bank notes exchange by banks discontinuation from 25-11-2016. Now such SBN of Rs. 500 and 1000 can be deposited in bank only or exchanged in RBI counters. Reserve Bank of India Discontinuation of over the Counters Exchange of SBN RBI/2016-17/155 DCM (Plg) No.1391/10.27.00/2016-17 November 24, 2016 The Chairman …
KYC Guidelines meaning and FAQ by RBI updated on 02-09-2016. To open a bank account, customer’s proof of identity/address and photograph is required Reserve Bank of India Know Your Customer-KYC-Guidelines (Updated up to September 02, 2016) (This is a summarised and simplified version of the Reserve Bank of …
Special measures to incentivise Electronic Payments-Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs), Special measures for merchants Reserve Bank of India Special measures to incentivise Electronic Payments – (i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India (ii) Special measures for merchants RBI/2016-17/150 DPSS.CO.PD.No.1288/02.14.006/2016-17 …
Prepaid Payment Instruments for small merchants and enhancement in limits for semi-closed PPIs to meet demands of the public through digital means-RBI Reserve Bank of India Date : Nov 22, 2016 Special measures to incentivise Electronic Payments In order to meet the transactional needs of the public through …
Cash availability for Rabi Crop Season loans to farmers. RBI advises currency chests banks to ensure adequate cash supply to the DCCBs and RRBs. Reserve Bank of India Making cash available for cash for Rabi Crop Season – Advisory to banks RBI/2016-17/148 DCM (Plg) No.1345/10.27.00/2016-17 November 22, 2016 …
Fraud in withdrawal of new bank notes by bank officials in connivance with  miscreants. RBI warns banks of strict compliance and record maintenance. Reserve Bank of India Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Fraudulent Practices RBI/2016-17/147 DCM …
Download application format for marriage cash withdrawal  List of documents-proof to be annexed with the application as per latest RBI Guidelines. Reserve Bank of India Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration …
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 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 …
Exchange of old bank notes upto Rs 2000 only once. RBI has clarified in its updated FAQ that over the counter exchange can be done only once The question and answer No. 14 deals with this issue as under: 14. Can I exchange ₹ 2000 more than once? …
