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currency notes Archives - All About Finance

currency notes

Jan Dhan account holder can withdraw only Rs.10000 in a month – RBI

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RBI/2016-17/165 DCM (Plg) No. 1450/10.27.00/2016-17 November 29, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Central Cooperative Banks Dear Sir, Accounts under PMJDY – Precautions Please refer to our circular DCM (Plg) No.1424/10.27.00/2016-16 dated … Read more

RBI allow withdrawals of deposits made in current legal tender notes on or after November 29, 2016 without any limit

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RBI/2016-17/163 DCM.No.1437/10.27.00/2016-17 November 28, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Central Cooperative Banks Dear Sir, Withdrawal of cash from bank deposit accounts – Relaxation It has been reported that certain depositors … Read more

Individual travelling from India to Nepal or Bhutan can carry Reserve Bank of India currency notes of denomination Rs.500/- and/or Rs.1000/- up to a limit of Rs.25000

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RESERVE BANK OF INDIA(FOREIGN EXCHANGE DEPARTMENT)CENTRAL OFFICEMUMBAI Notification No. FEMA. 331/2014-RB December 16, 2014 Foreign Exchange Management (Export and Import of Currency)(Second Amendment) Regulations, 2014 In exercise of the powers conferred by clause (g) of sub-section (3) of Section 6 and sub section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 … Read more