Banks to not exchange Rs. 2000 notes tomorrow, exception for senior citizens only Mumbai: Keeping in view that all banks have been working on overdrive since the Centre announced demonetisation, the Indian Bank Association (IBA) on Friday announced that all banks across the nation will not exchange over the counter the new 2000 rupee notes on Saturday in order to … [Read more...] about Banks to not exchange Rs. 2000 notes tomorrow, exception for senior citizens only
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General news
Petrol Bunks started dispensing cash from today against swiping of debit cards
Petrol Bunks started dispensing cash from today against swiping of debit cards 686 petrol pumps had started dispensing cash by 4 p.m today against swiping of debit cards Cash dispensing facility had become operational at 686 retail outlets by 4 p.m today, of which 350 belonged to IOCL, 266 to BPCL and 70 to HPCL. The Public Sector Oil Companies namely Indian Oil Corporation … [Read more...] about Petrol Bunks started dispensing cash from today against swiping of debit cards
FinMin asks banks to hire retired staff to deal with cash rush
FinMin asks banks to hire retired staff to deal with cash rush New Delhi: The finance ministry today asked banks to consider engaging retired employees to deal with the unprecedented rush for exchange of invalid currency notes and ease pressure on existing staff. In a letter written to Indian Banks’ Association (IBA), the financial services department of the finance … [Read more...] about FinMin asks banks to hire retired staff to deal with cash rush
Indelible Ink Mark to avoid multiple transactions : Not applicable for withdrawal or deposit
Indelible Ink Mark to avoid multiple transactions The Central Government has announced that banks will mark with indelible ink the fingers of people exchanging old currency at bank counters to stop them from coming back repeatedly and avoid multiple transactions. The drawing limits against Bank Accounts and from ATMs and over the cash disbursement have also been … [Read more...] about Indelible Ink Mark to avoid multiple transactions : Not applicable for withdrawal or deposit
Jan Dhan Account holders are requested not to allow their accounts to be misused by anyone : Government Press Release
The Prime Minister Shri Narendra Modi reviewed the position for the second consecutive day yesterday regarding the smooth supply and availability of currency notes; Among major decisions taken during the Meeting include to continue to give highest importance to ensure convenience for the public Use of Indelible ink for over the counter exchange against old Rs.500/- and … [Read more...] about Jan Dhan Account holders are requested not to allow their accounts to be misused by anyone : Government Press Release
Cabinet approves Status-cum-Progress Report and constitution of “Special Committee for Inter-Linking of Rivers” in compliance of judgment of Supreme Court
Cabinet approves Status-cum-Progress Report and constitution of "Special Committee for Inter-Linking of Rivers" in compliance of judgment of Supreme Court The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the Status-cum-Progress Report and constitution of “Special Committee for Inter-Linking of Rivers” in compliance of Supreme … [Read more...] about Cabinet approves Status-cum-Progress Report and constitution of “Special Committee for Inter-Linking of Rivers” in compliance of judgment of Supreme Court
Exemption of fee on National Highways extended
Exemption of fee on National Highways extended In order to ensure smooth movement of traffic on national highways the government has decided to extend the suspension of fees on all toll plazas on National Highways across the country till the midnight of 18.11.16. Earlier the exemption had been allowed till the midnight of 11.11.16, and then extended till 14.11.16. PIB … [Read more...] about Exemption of fee on National Highways extended
Highlights: Finance Ministry reviewd the position regarding availability and distribution of all denomination of bank notes
Finance Ministry has reviewed the position regarding availability and distribution of all denomination of bank notes. Some of the highlights of the review and the decisions taken. Government of India Ministry of Finance Department of Economic Affairs November 13, 2016 Press Release Today (13.11.2016) Finance Ministry has reviewed the position regarding … [Read more...] about Highlights: Finance Ministry reviewd the position regarding availability and distribution of all denomination of bank notes
Last date for using Old High Denomination notes extended till 14.11.2016 – Finmin Orders
Last date for using OHD notes extended till 14.11.2016 - Finmin Orders Press Information Bureau Government of India Ministry of Finance 11-November-2016 19:14 IST Government extends existing exemptions with regard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations until the expiry of … [Read more...] about Last date for using Old High Denomination notes extended till 14.11.2016 – Finmin Orders
What is the procedure to change the 500, 1000 notes through representative ?
What is the procedure to change the 500, 1000 notes through representative ? In case you are not possible for you to visit the bank you may send your representative with an express mandate i.e. a written authorisation. The representative should produce authority letter and his / her valid identity proof while tendering the notes. Proof of identity: Valid Identity proof is … [Read more...] about What is the procedure to change the 500, 1000 notes through representative ?
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