Tag: demonetisation
Text of PMs address to Nation on New Year 2017. Cheaper Housing Loans, Rabi Loan Interest payment delayed by 60 days and other reliefs. My fellow citizens, In a few hours, we will be ushering in the new year of 2017. 125 crore Indians will join the rest …
Specified Bank Notes Cessation of Liabilities Ordinance 2016 passed. Penalty of higher of Rs. 10000 or five times for dealing in old notes (SBNs)Â Ministry of Finance Dated: 31/12/2016 Press Release The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 …
Daily ATM cash withdrawal limit increased to Rs 4500  from 01-01-2017 per day per card from Existing limit of Rs. 2500. No change in weekly limits-RBI Reserve Bank of India Cash withdrawal from ATMs – Enhancement of daily limits RBI/2016-17/204 DCM (Plg) No. 2142/10.27.00/2016-17 December 30, 2016 The …
Old Notes cannot form part of bank cash balances as on 31-12-2016. RBI Circular-Closure of scheme of exchange of SBNs and Accounting RBI/2016-17/201 DCM (Plg) No.2103/10.27.00/2016-17 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â …
Demonetisation-Revenue collection belies adverse impact predicted by critics. Assessment can be unreal but revenue is real-Finance Ministry Ministry of Finance Dated: 29/12/2016 Press Release Statement made by the Union Finance Minister Shri Arun Jaitley on Remonetisation and its impact. Following is the transcription of the Statement made by …
Banks to conduct due diligence for old bank notes deposit exceeding Rs.5000 between 19th and 30th December, 2016 for not depositing earlier Ministry of Finance Dated: 19-12-2016 Press release Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016 The deposits …
Old note bank deposit one time limit not apply to PMGKY-2016. After Mof notification dated 18-12-2016, RBI notification clarifies on various aspects of SNNS deposit into bank accounts Reserve Bank of India Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank …
RBI on 21-12-2016 withdrawn the one time deposit limit along with requirement of enquiry by two bank officials for KYC compliant bank accounts. Read more Click Here >> Old bank notes can be deposited in bank account only once till 30-12-2016 if the amount is in excess of …
Political parties not immune to investigation post demonetisation if discrepancy is noticed they shall be questioned by Income Tax as is anyone else-MoF Ministry of Finance 17-December, 2016 Press Release Statement by Finance Minister Shri Arun Jaitley Following is the statement by Union Minister for Finance and Corporate …
No action on political parties for old currency notes deposits in their bank accounts-Govt dismiss media news of non-investigation of political parties.  Govt defends on news of non scrutiny of old currency notes deposit in the accounts of political parties. It is interesting to see that almost …
