Rbi On Old Notes
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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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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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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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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in form of restrictions on withdrawal of currency notes and exchanging of old Rs 500 and Rs 1,000 notes that were withdrawn with immediate effect from midnight of November 8, 2016.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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Old Notes: RBI Closes Window For Indians Abroad; NRIs Can Still Exchange
Additional time period of three months is available to non-resident Indians (NRIs) with a rider of exchange of Rs 25,000 per individual. The exchange window for NRIs will close on June 30.
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Printing Of Rs 2000 Notes Started In August 2016, Says RTI Query
BRBNMPL stopped printing the old Rs 500 note on October 27 while the printing of the Rs 1,000 note ceased earlier, on July 28 last year, the reply said.
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Design For New Rs 500 & Rs 2000 Notes Was Approved During Raghuram Rajan's Tenure
Demonetisation of old Rs 500 and Rs 1000 bills was announced by Prime Minister Narendra Modi on November 8 last year.
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Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
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Cooperative Banks' Records Seriously Distorted After Notes Ban: Tax Officials
In an analysis report prepared by the I-T department, two specific instances in Mumbai and Pune have been reported where it was found that over Rs 113 crore "excess amount" of old demonetised notes was reported by two banks to the banking regulator in order to generate black funds.
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NRIs, Others Feel Heat Of Demonetisation; Wait In RBI Queues
Tempers ran high outside the central bank branches as people coming from long distances were denied entry by guards on the grounds that they were not carrying the requisite documents.
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How Much Black Money, Asks Opposition As Notes Ban Data Still Missing
The opposition has criticised the centre for not releasing data on how much of the banned 500 and 1,000 notes are back in the banking system, eight days after the deadline to deposit old notes in banks expired.
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To Deposit Old Notes At RBI, You Need Documents From Airport: 10 Points
Those trying to deposit banned 500 and 1,000 rupee notes at the Reserve Bank of India (RBI) must have a stamped document from the airport to prove that they were abroad. A notice outside the RBI makes it clear that old notes will not be accepted from anyone except those who were not in the country after 500 and 1,000 notes were banned without warni...
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RBI Clarifies After Reports Say Rs 15 Lakh Crore Old Notes Deposited
Neither the RBI nor the government has come out with an official estimate of the old notes deposited in the banking system after the deadline ended on December 30.
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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.
-
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
-
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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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.
-
Old Notes: RBI Closes Window For Indians Abroad; NRIs Can Still Exchange
Additional time period of three months is available to non-resident Indians (NRIs) with a rider of exchange of Rs 25,000 per individual. The exchange window for NRIs will close on June 30.
-
Printing Of Rs 2000 Notes Started In August 2016, Says RTI Query
BRBNMPL stopped printing the old Rs 500 note on October 27 while the printing of the Rs 1,000 note ceased earlier, on July 28 last year, the reply said.
-
Design For New Rs 500 & Rs 2000 Notes Was Approved During Raghuram Rajan's Tenure
Demonetisation of old Rs 500 and Rs 1000 bills was announced by Prime Minister Narendra Modi on November 8 last year.
-
Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
-
Cooperative Banks' Records Seriously Distorted After Notes Ban: Tax Officials
In an analysis report prepared by the I-T department, two specific instances in Mumbai and Pune have been reported where it was found that over Rs 113 crore "excess amount" of old demonetised notes was reported by two banks to the banking regulator in order to generate black funds.
-
NRIs, Others Feel Heat Of Demonetisation; Wait In RBI Queues
Tempers ran high outside the central bank branches as people coming from long distances were denied entry by guards on the grounds that they were not carrying the requisite documents.
-
How Much Black Money, Asks Opposition As Notes Ban Data Still Missing
The opposition has criticised the centre for not releasing data on how much of the banned 500 and 1,000 notes are back in the banking system, eight days after the deadline to deposit old notes in banks expired.
-
To Deposit Old Notes At RBI, You Need Documents From Airport: 10 Points
Those trying to deposit banned 500 and 1,000 rupee notes at the Reserve Bank of India (RBI) must have a stamped document from the airport to prove that they were abroad. A notice outside the RBI makes it clear that old notes will not be accepted from anyone except those who were not in the country after 500 and 1,000 notes were banned without warni...
-
RBI Clarifies After Reports Say Rs 15 Lakh Crore Old Notes Deposited
Neither the RBI nor the government has come out with an official estimate of the old notes deposited in the banking system after the deadline ended on December 30.
