Rbi On Old Notes
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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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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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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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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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Won't Interfere, Says Arun Jaitley After Complaints Of RBI Refusing Old Notes
Clarifying the government's stand on the December 30 deadline for the deposit of banned 500 and 1000-rupee notes, Finance Minister Arun Jaitley said Prime Minister Narendra Modi had specifically said that the central bank RBI will fix "terms and conditions" for the same.
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RBI May Have Received Rs 15 Lakh Crore Deposits Of Old Notes
The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in circulation, from the 50-day demonetisation exercise that ended on December 30.
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50 Days After Cash Ban, PM Modi To Discuss Impact In National Address Today: 10 Points
Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...
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New Rule: Soon, Punishment For Holding More Than 10 Old Notes, Centre Clears Ordinance
It will be a crime to have more than 10 banned notes after Friday, under a new rule approved by the government. An ordinance or executive order was cleared by the cabinet on Wednesday and will be sent to the President for his sign-off. 500 and 1,000-rupee notes were banned by the government on November 8 in a massive anti-corruption move. Old notes...
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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...
-
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.
-
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.
-
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...
-
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...
-
Won't Interfere, Says Arun Jaitley After Complaints Of RBI Refusing Old Notes
Clarifying the government's stand on the December 30 deadline for the deposit of banned 500 and 1000-rupee notes, Finance Minister Arun Jaitley said Prime Minister Narendra Modi had specifically said that the central bank RBI will fix "terms and conditions" for the same.
-
RBI May Have Received Rs 15 Lakh Crore Deposits Of Old Notes
The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in circulation, from the 50-day demonetisation exercise that ended on December 30.
-
50 Days After Cash Ban, PM Modi To Discuss Impact In National Address Today: 10 Points
Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...
-
New Rule: Soon, Punishment For Holding More Than 10 Old Notes, Centre Clears Ordinance
It will be a crime to have more than 10 banned notes after Friday, under a new rule approved by the government. An ordinance or executive order was cleared by the cabinet on Wednesday and will be sent to the President for his sign-off. 500 and 1,000-rupee notes were banned by the government on November 8 in a massive anti-corruption move. Old notes...
