Rs 500 And 1000 Bank 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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How RBI Converted Your Rs 15.28 Trillion Worth Demonetised Notes Into Fuel
Demonetised Rs 500 and Rs 1,000 notes are counted and processed in sophisticated currency verification and processing system
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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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Reserve Bank Of India To Lease Currency Verification Systems To Weed Out Fakes
The Reserve Bank will hire 12 currency verification systems for six months to help it segregate fake ones from scrapped notes of Rs 500/1000 denomination.
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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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3 Union Bank Employees Booked By CBI For Alleged Black Money Conversion
Three employees of Union Bank of India, Kanpur have been booked by the CBI for alleged cheating in the conversion of demonetised currency notes to the tune of over Rs 1 crore to "conceal blackmoney" of some people. The agency has registered a case of criminal conspiracy, cheating and corruption against these official for exchanging demonetised note...
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No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
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No Information About Communication To BJP To Declare Bank Statements: Prime Minister's Office
Prime Minister's Office (PMO) has said it has no information about any communication sent to BJP MPs, ministers and MLAs asking them to declare their bank transactions between November 8, the day Rs 1000 and Rs 500 notes were demonetised and December 31, 2016.
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RBI's Autonomy Compromised? Urjit Patel To Answer MPs Today
Urjit Patel, the chief of the Reserve Bank of India, will meet today with a parliamentary committee to answer questions on the central bank's role in clearing and executing the abrupt November decision to ban 500- and 1,000-rupee notes.
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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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Man Gets Rs 500 Notes With One-Side Blank In Madhya Pradesh
Days after a farmer in Madhya Pradesh received Rs 2,000 notes from a bank without the image of Mahatma Gandhi, an ATM at a village in Khargone district dispensed two 'one-side blank' currency of the new Rs 500 denomination.
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Petrol Pumps Will Accept Cards For Now As Government Steps In
Petrol pumps across the country have decided to postpone till at least January 13 their protest against the banks' decision to levy an extra charge on credit and debit card transactions. The late evening turnaround came after the government stepped in. The petrol dealers had announced earlier that starting midnight, they would not accept the debit ...
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Parliamentary Panel Summons RBI Chief Urjit Patel, Seeks Explanation On Notes Ban
A parliamentary committee probing the government's decision to scrap Rs 500, 1,000 bank notes, has sent the Reserve Bank of India governor Urjit Patel a list of questions on the demonetisation process and asked him to appear before it on Jan 20.
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97% Of Banned Notes Back In Banks? 'I Don't Know' Says Finance Minister Arun Jaitley
Virtually all the banned 500 and 1,000-rupee notes have been turned into banks, according to a report by Bloomberg, which means that the government's abrupt demonetisation drive has failed to uncover and destroy black money.
-
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.
-
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.
-
How RBI Converted Your Rs 15.28 Trillion Worth Demonetised Notes Into Fuel
Demonetised Rs 500 and Rs 1,000 notes are counted and processed in sophisticated currency verification and processing system
-
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'.
-
Reserve Bank Of India To Lease Currency Verification Systems To Weed Out Fakes
The Reserve Bank will hire 12 currency verification systems for six months to help it segregate fake ones from scrapped notes of Rs 500/1000 denomination.
-
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.
-
3 Union Bank Employees Booked By CBI For Alleged Black Money Conversion
Three employees of Union Bank of India, Kanpur have been booked by the CBI for alleged cheating in the conversion of demonetised currency notes to the tune of over Rs 1 crore to "conceal blackmoney" of some people. The agency has registered a case of criminal conspiracy, cheating and corruption against these official for exchanging demonetised note...
-
No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
-
No Information About Communication To BJP To Declare Bank Statements: Prime Minister's Office
Prime Minister's Office (PMO) has said it has no information about any communication sent to BJP MPs, ministers and MLAs asking them to declare their bank transactions between November 8, the day Rs 1000 and Rs 500 notes were demonetised and December 31, 2016.
-
RBI's Autonomy Compromised? Urjit Patel To Answer MPs Today
Urjit Patel, the chief of the Reserve Bank of India, will meet today with a parliamentary committee to answer questions on the central bank's role in clearing and executing the abrupt November decision to ban 500- and 1,000-rupee notes.
-
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.
-
Man Gets Rs 500 Notes With One-Side Blank In Madhya Pradesh
Days after a farmer in Madhya Pradesh received Rs 2,000 notes from a bank without the image of Mahatma Gandhi, an ATM at a village in Khargone district dispensed two 'one-side blank' currency of the new Rs 500 denomination.
-
Petrol Pumps Will Accept Cards For Now As Government Steps In
Petrol pumps across the country have decided to postpone till at least January 13 their protest against the banks' decision to levy an extra charge on credit and debit card transactions. The late evening turnaround came after the government stepped in. The petrol dealers had announced earlier that starting midnight, they would not accept the debit ...
-
Parliamentary Panel Summons RBI Chief Urjit Patel, Seeks Explanation On Notes Ban
A parliamentary committee probing the government's decision to scrap Rs 500, 1,000 bank notes, has sent the Reserve Bank of India governor Urjit Patel a list of questions on the demonetisation process and asked him to appear before it on Jan 20.
-
97% Of Banned Notes Back In Banks? 'I Don't Know' Says Finance Minister Arun Jaitley
Virtually all the banned 500 and 1,000-rupee notes have been turned into banks, according to a report by Bloomberg, which means that the government's abrupt demonetisation drive has failed to uncover and destroy black money.
-
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.
