Old Currency Cash Deposit
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As Much As 97% Of Banned Notes Are Back In Banks: Report
Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.
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Ahead Of UP Elections, Some Disquiet In BJP About Cash Crunch
There were lines at banks across the country on Friday, the last day to deposit the old 500- and 1,000-rupee notes or see them become worthless after the bills were scrapped by Prime Minister Narendra Modi in a bid to fight corruption.
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Last Day To Deposit Old Rs 500 And Rs 1000 Notes Before Steep Fines Kick In: 10 Facts
Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...
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Deadline To Deposit Old Rs 500 And Rs 1,000 Notes Ends Today
The 50-day deadline to deposit the old Rs 500 or 1,000 notes in banks comes to an end today but the cash crunch and queues before ATMs are likely to continue for some more time as currency printing presses have failed to meet the huge demand for new bills.
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Repeat Deposits Of Old Notes Raise Doubts: Arun Jaitley On Latest Rule Change
Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...
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Why Not Deposit All In One Go, Says Finance Minister Arun Jaitley, On New Rs 5,000 Rule
After tightening rules for depositing old 500 and 1000-rupee notes, Finance Minister Arun Jaitley said on Monday evening that no questions will be asked if any amount of scrapped currency is deposited in one go but repeated deposits may raise queries.
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Notes Ban: Political Parties Can't Accept Old Notes In Donation, Says Arun Jaitley
Finance Minister Arun Jaitley today said political parties can not accept donations in old 500 and 1,000 rupee notes since these bills were scrapped last month.
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Old 500-Rupee Notes Won't Be Accepted Anywhere But Banks From Friday
Old 500 rupee notes will not be accepted anywhere from Friday, the government has said. The notes can be deposited in banks till December 30.
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From Hard Cash To Hardboard: How Old Rs 500, 1,000 Notes Are Being Recycled
In the three weeks since old 500 and 1,000-rupee notes have been banned by the government, over 8 trillion rupees worth demonetised currency has been deposited in banks.
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Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4 Years Lock-In
The cabinet has cleared new amendments to existing laws to charge a minimum 50 per cent tax on unexplained bank deposits made using banned 500 and 1,000 rupee notes up to December 30. It will be introduced in parliament next week.
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Ignorant To Intentional: How The Notes Ban Is Being Scammed
Till 10 days ago, 40-year-old Radha (name changed) used to make ends meet by stitching clothes out of her one-room house in Tughlaqabad near Delhi. But the stark dip in her earnings due to the ban on old notes has made her desperate enough to risk using her own bank account to exchange other people's old 500 and 1,000 rupee bills for a commission.
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Indelible Ink When You Exchange Notes, Just Like When You Vote
As India deals with a massive cash crunch, indelible ink will be used at banks to mark those who have exchanged new notes to ensure that people are not drawing more than their fair share, said Finance Ministry officials today.
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No Harassment For Small Deposits, Says Arun Jaitley After Big Currency Ban
As millions across India today scrambled to deposit and exchange in banks their Rs 500 and Rs 1,000 notes, banned in a surprise move by the government, Finance Minister Arun Jaitley said nobody would be harassed over small deposits.
-
As Much As 97% Of Banned Notes Are Back In Banks: Report
Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, according to people with knowledge of the matter, dealing a blow to Prime Minister Narendra Modi's drive to unearth unaccounted wealth and fight corruption.
-
Ahead Of UP Elections, Some Disquiet In BJP About Cash Crunch
There were lines at banks across the country on Friday, the last day to deposit the old 500- and 1,000-rupee notes or see them become worthless after the bills were scrapped by Prime Minister Narendra Modi in a bid to fight corruption.
-
Last Day To Deposit Old Rs 500 And Rs 1000 Notes Before Steep Fines Kick In: 10 Facts
Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...
-
Deadline To Deposit Old Rs 500 And Rs 1,000 Notes Ends Today
The 50-day deadline to deposit the old Rs 500 or 1,000 notes in banks comes to an end today but the cash crunch and queues before ATMs are likely to continue for some more time as currency printing presses have failed to meet the huge demand for new bills.
-
Repeat Deposits Of Old Notes Raise Doubts: Arun Jaitley On Latest Rule Change
Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...
-
Why Not Deposit All In One Go, Says Finance Minister Arun Jaitley, On New Rs 5,000 Rule
After tightening rules for depositing old 500 and 1000-rupee notes, Finance Minister Arun Jaitley said on Monday evening that no questions will be asked if any amount of scrapped currency is deposited in one go but repeated deposits may raise queries.
-
Notes Ban: Political Parties Can't Accept Old Notes In Donation, Says Arun Jaitley
Finance Minister Arun Jaitley today said political parties can not accept donations in old 500 and 1,000 rupee notes since these bills were scrapped last month.
-
Old 500-Rupee Notes Won't Be Accepted Anywhere But Banks From Friday
Old 500 rupee notes will not be accepted anywhere from Friday, the government has said. The notes can be deposited in banks till December 30.
-
From Hard Cash To Hardboard: How Old Rs 500, 1,000 Notes Are Being Recycled
In the three weeks since old 500 and 1,000-rupee notes have been banned by the government, over 8 trillion rupees worth demonetised currency has been deposited in banks.
-
Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4 Years Lock-In
The cabinet has cleared new amendments to existing laws to charge a minimum 50 per cent tax on unexplained bank deposits made using banned 500 and 1,000 rupee notes up to December 30. It will be introduced in parliament next week.
-
Ignorant To Intentional: How The Notes Ban Is Being Scammed
Till 10 days ago, 40-year-old Radha (name changed) used to make ends meet by stitching clothes out of her one-room house in Tughlaqabad near Delhi. But the stark dip in her earnings due to the ban on old notes has made her desperate enough to risk using her own bank account to exchange other people's old 500 and 1,000 rupee bills for a commission.
-
Indelible Ink When You Exchange Notes, Just Like When You Vote
As India deals with a massive cash crunch, indelible ink will be used at banks to mark those who have exchanged new notes to ensure that people are not drawing more than their fair share, said Finance Ministry officials today.
-
No Harassment For Small Deposits, Says Arun Jaitley After Big Currency Ban
As millions across India today scrambled to deposit and exchange in banks their Rs 500 and Rs 1,000 notes, banned in a surprise move by the government, Finance Minister Arun Jaitley said nobody would be harassed over small deposits.
