Exchange of old bank notes at RBI counters from 25-11-2016. The exchange shall be subject to the current limits
Reserve Bank of India
Withdrawal of Legal Tender Status of ₹ 500 and ₹ 1000: Exchange Facility at RBI to continue
Date : Nov 25, 2016
The Reserve Bank of India advises members of public that exchange of banknotes in ₹ 500 and ₹ 1000 denominations, whose legal tender status has been withdrawn, will continue to be available at the of the Reserve Bank upto the current limits per person as hitherto. (However such exchange facility is no longer available at other banks’ counters).
Alpana Killawala
Principal Adviser
Press Release: 2016-2017/1317
Every resolution plan to include a statement of beneficial-ownership of all natural persons who ultimately owns or controls the resolution…
Change in the address of Debts Recovery Appellate Tribunal, Allahabad with effect from 11.12.2025 Ministry of Finance(Department of Financial Service)…
Updated list of banks authorised by Reserve Bank of India to import only gold for FY 2025-26 with effect from…
Under percentage completion method, selling/Admin costs are allowable despite no revenue declared as per guidance note of ICAI. In a…
AO cannot use reverse computation of gross payment using TDS amount to determine the amount disallowable u/s 40(a)(ia) - ITAT…
Once loans were repaid in subsequent assessment years with cogent evidences then the addition u/s 68 of the Income Tax…