Rbi Old Notes
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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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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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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 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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Consider More Time For Changing Old Notes, Says Supreme Court
The Supreme Court asked the Central government and the RBI to consider granting people, with a legitimate reason, more time to to deposit old Rs 500 and 1,000 notes.
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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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Man Moves Bombay High Court For Exchange Of Old Notes Worth Rs 1 Lakh
A 47-year-old Mumbai resident has moved the Bombay High Court for an order to the RBI to exchange his demonetised currency notes worth Rs 1 lakh, which the police had seized from him in the past.
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But PM Narendra Modi Said End-March Was Deadline For Old Notes, Says Supreme Court
The government will decide within two weeks whether those who failed to deposit banned 500- and 1,000-rupee notes can be granted an opportunity to turn in the high-denomination currency.
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Tirupati Temple's Big Problem: Rs 4 Crore In Old Notes
The famous hill shrine of Lord Venkateswara in Tirupati in Andhra Pradesh is trapped in a quirky situation of sorts and is now seeking providential assistance for a way out. It has received a whopping four crores in demonetised notes of Rs 500 and Rs 1,000 from devotees in the last two months - past the deadline for their exchange.
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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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Banned Notes: Holders Of Overseas Indian Citizen Cards Express Concern
Many PIOs or persons of Indian Origin and OCIs or Overseas Citizens of India were under the impression that they could exchange their old currency until the end of March. But they were in for a shock when they realised that only NRIs were allowed to do so.
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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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NRIs Can Deposit Old Rs 500, 1,000 Notes Till June 30
Indians living abroad will be able to exchange old Rs 500 and Rs 1,000 notes at RBI offices till June 30, the External Affairs Ministry announced today.
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How Much Currency Has Been Returned To Banks? RBI Says Wait For Our Figures
Six days after the December 30 deadline for banned 500 and 1,000 rupees to be deposited in commercial banks, the Reserve Bank of India said "it is still counting the returned notes."
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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.
-
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...
-
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 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.
-
Consider More Time For Changing Old Notes, Says Supreme Court
The Supreme Court asked the Central government and the RBI to consider granting people, with a legitimate reason, more time to to deposit old Rs 500 and 1,000 notes.
-
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.
-
Man Moves Bombay High Court For Exchange Of Old Notes Worth Rs 1 Lakh
A 47-year-old Mumbai resident has moved the Bombay High Court for an order to the RBI to exchange his demonetised currency notes worth Rs 1 lakh, which the police had seized from him in the past.
-
But PM Narendra Modi Said End-March Was Deadline For Old Notes, Says Supreme Court
The government will decide within two weeks whether those who failed to deposit banned 500- and 1,000-rupee notes can be granted an opportunity to turn in the high-denomination currency.
-
Tirupati Temple's Big Problem: Rs 4 Crore In Old Notes
The famous hill shrine of Lord Venkateswara in Tirupati in Andhra Pradesh is trapped in a quirky situation of sorts and is now seeking providential assistance for a way out. It has received a whopping four crores in demonetised notes of Rs 500 and Rs 1,000 from devotees in the last two months - past the deadline for their exchange.
-
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...
-
Banned Notes: Holders Of Overseas Indian Citizen Cards Express Concern
Many PIOs or persons of Indian Origin and OCIs or Overseas Citizens of India were under the impression that they could exchange their old currency until the end of March. But they were in for a shock when they realised that only NRIs were allowed to do so.
-
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.
-
NRIs Can Deposit Old Rs 500, 1,000 Notes Till June 30
Indians living abroad will be able to exchange old Rs 500 and Rs 1,000 notes at RBI offices till June 30, the External Affairs Ministry announced today.
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How Much Currency Has Been Returned To Banks? RBI Says Wait For Our Figures
Six days after the December 30 deadline for banned 500 and 1,000 rupees to be deposited in commercial banks, the Reserve Bank of India said "it is still counting the returned notes."
