Economic Survey 2016-17 Impact of Demonetisation. Effect through end-December and likely longer-term effect. Cash squeeze to end by April 2017.…
Cash Withdrawal Limit Removed-ATM for current overdraft cash credit accounts immediately and for ATM from 01-02-2017 Reserve Bank of India…
Business Sentiments for Q4 2016-17 Declines-RBI Survey Decline in Overall Business Sentiments for Q4:2016-17: RBI’s Industrial Outlook Survey finds The…
ATM-Current account Cash withdrawal limit increased. For ATM from Rs. 4500/- to 10000/- per day per card and for C/A…
Demonetization resulted sharp decline in terror funding hawala trade, supari killings and human trafficking, particularly of young girls as sex…
Demonetization-historic decisions have temporary pain attached to them-Finance Minister Ministry of Finance Press Release Dated 11/01/2017 On demonetization, Finance Minister…
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…
Actual numbers of SBNs returned to be disclosed soon-RBI clarifies that there might be accounting errors or possible double counts…
Foreign citizens can exchange old notes till 31-01-2017. RBI relaxes the SBNs exchange facility to foreign citizens (i.e. foreign passport…
Allocation of 40 percent bank notes to rural areas. RBI advisory for banks currency chests to issue cash in denominations…