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RBI, Centre Defend Demonetisation And Say Policy Followed The Rule Book
The Reserve Bank of India and the Centre on Monday defended the Centre's decision to demonetise the old currency notes of Rs 500 and Rs 1,000 before the Supreme Court of India as it said that procedure was followed.
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RBI Cautions People Not To Fall Prey To Fraudsters Using Its Name
RBI has advised people to remain cautious and not to fall prey to elements using the name of RBI to extract money through fraudulent offers.
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No Plans of Withdrawing Old Rs 100 Notes, Says RBI
The central bank clarified in a twitter statement that media reports on withdrawal of old series of banknotes of Rs 5, Rs 10 and Rs 100 from circulation were incorrect
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99.3% Of Rs Old Rs 500, Rs 1,000 Notes Returned To Banks After Demonetisation, Says RBI
Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned, said RBI.
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99.3 Per Cent Of Demonetised Notes Returned To Banks: RBI
As much as 99.3 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system, the RBI said today, indicating that just a miniscule percentage of currency was left out of the system after the government's unprecedented note ban aimed at curbing black money and corruption.
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After PM's Shock Notes Ban, Indians Revert To Old Habit Of Hoarding Cash
Currency withdrawals in the January-March quarter stood at Rs 1.4 lakh crore, about 27 per cent more than in same quarter of 2016.
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New Rs 10 In 10 Points, Old Rs 10 To Be Valid
The Reserve Bank of India (RBI) will shortly issue new banknotes of Rs 10 denomination, the central bank said on Friday. The RBI added that while it is releasing new notes, it is not discontinuing the old Rs 10 notes. All the banknotes in the denomination of Rs 10 issued by the RBI in the earlier series will continue to be legal tender, said the ce...
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Demonetisation Anniversary: I Bow To People Of India, Says PM Narendra Modi, Opposition Calls It 'Black Day'
As the government today celebrates one year of demonetisation as 'anti-black money day', the opposition is leaving no stone unturned to keep the pressure on the government and the ruling coalition on the issue. Opposition parties including Congress are calling it 'Black Day'.
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Special Bench To Hear Pleas To Deposit Banned Notes, Says Supreme Court
Fourteen petitioners who couldn't deposit their demonetised currency during the window provided by the Reserve Bank of India (RBI) after the demonetisation announcement last November and approached the Supreme Court were today told that a five-judge Constitution Bench will look into their individual pleas.
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RBI Says No Machines Being Used In Its Offices For Counting Scrapped Notes
The RBI in the annual report, which was for the year ended June 30, 2017, said that only Rs 16,050 crore out of the Rs 15.44 lakh crore in the old high denomination notes have not returned.
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RBI Processing Old Notes To Verify Numerical Accuracy: Arun Jaitley
The old Rs 500 and Rs 1,000 notes are being reconciled and processed by the Reserve Bank of India or RBI for verifying numerical accuracy and authenticity, and the progress is being closely monitored, Finance Minister Arun Jaitley said today
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Still Counting, Says RBI Governor Urjit Patel, Questioned By MPs On Banned Notes
Reserve Bank of India Governor Urjit Patel today told a parliamentary panel that old notes deposited after demonetisation are still being counted by a special team working round the clock, with people getting no off-days except a Sunday, sources said today.
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Notes Ban No Ground For Banking Ombudsman To Handle Complaints: RBI
During the demonetisation period, people had to face various problems in form of restrictions on withdrawal of currency notes and exchanging of old Rs 500 and Rs 1,000 notes that were withdrawn with immediate effect from midnight of November 8, 2016.
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After NDTV Report, Cooperative Banks, Post Offices Can Deposit Banned Notes For A Month With RBI
Cooperative banks have also been allowed to exchange old currency notes with the RBI, if they had collected these notes by November 14, the statement said.
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Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
-
RBI, Centre Defend Demonetisation And Say Policy Followed The Rule Book
The Reserve Bank of India and the Centre on Monday defended the Centre's decision to demonetise the old currency notes of Rs 500 and Rs 1,000 before the Supreme Court of India as it said that procedure was followed.
-
RBI Cautions People Not To Fall Prey To Fraudsters Using Its Name
RBI has advised people to remain cautious and not to fall prey to elements using the name of RBI to extract money through fraudulent offers.
-
No Plans of Withdrawing Old Rs 100 Notes, Says RBI
The central bank clarified in a twitter statement that media reports on withdrawal of old series of banknotes of Rs 5, Rs 10 and Rs 100 from circulation were incorrect
-
99.3% Of Rs Old Rs 500, Rs 1,000 Notes Returned To Banks After Demonetisation, Says RBI
Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned, said RBI.
-
99.3 Per Cent Of Demonetised Notes Returned To Banks: RBI
As much as 99.3 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system, the RBI said today, indicating that just a miniscule percentage of currency was left out of the system after the government's unprecedented note ban aimed at curbing black money and corruption.
-
After PM's Shock Notes Ban, Indians Revert To Old Habit Of Hoarding Cash
Currency withdrawals in the January-March quarter stood at Rs 1.4 lakh crore, about 27 per cent more than in same quarter of 2016.
-
New Rs 10 In 10 Points, Old Rs 10 To Be Valid
The Reserve Bank of India (RBI) will shortly issue new banknotes of Rs 10 denomination, the central bank said on Friday. The RBI added that while it is releasing new notes, it is not discontinuing the old Rs 10 notes. All the banknotes in the denomination of Rs 10 issued by the RBI in the earlier series will continue to be legal tender, said the ce...
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Demonetisation Anniversary: I Bow To People Of India, Says PM Narendra Modi, Opposition Calls It 'Black Day'
As the government today celebrates one year of demonetisation as 'anti-black money day', the opposition is leaving no stone unturned to keep the pressure on the government and the ruling coalition on the issue. Opposition parties including Congress are calling it 'Black Day'.
-
Special Bench To Hear Pleas To Deposit Banned Notes, Says Supreme Court
Fourteen petitioners who couldn't deposit their demonetised currency during the window provided by the Reserve Bank of India (RBI) after the demonetisation announcement last November and approached the Supreme Court were today told that a five-judge Constitution Bench will look into their individual pleas.
-
RBI Says No Machines Being Used In Its Offices For Counting Scrapped Notes
The RBI in the annual report, which was for the year ended June 30, 2017, said that only Rs 16,050 crore out of the Rs 15.44 lakh crore in the old high denomination notes have not returned.
-
RBI Processing Old Notes To Verify Numerical Accuracy: Arun Jaitley
The old Rs 500 and Rs 1,000 notes are being reconciled and processed by the Reserve Bank of India or RBI for verifying numerical accuracy and authenticity, and the progress is being closely monitored, Finance Minister Arun Jaitley said today
-
Still Counting, Says RBI Governor Urjit Patel, Questioned By MPs On Banned Notes
Reserve Bank of India Governor Urjit Patel today told a parliamentary panel that old notes deposited after demonetisation are still being counted by a special team working round the clock, with people getting no off-days except a Sunday, sources said today.
-
Notes Ban No Ground For Banking Ombudsman To Handle Complaints: RBI
During the demonetisation period, people had to face various problems in form of restrictions on withdrawal of currency notes and exchanging of old Rs 500 and Rs 1,000 notes that were withdrawn with immediate effect from midnight of November 8, 2016.
-
After NDTV Report, Cooperative Banks, Post Offices Can Deposit Banned Notes For A Month With RBI
Cooperative banks have also been allowed to exchange old currency notes with the RBI, if they had collected these notes by November 14, the statement said.
-
Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
