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notes Archives - All About Finance https://taxclick.org/tag/notes/ Tue, 29 Nov 2016 07:44:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://taxclick.org/wp-content/uploads/2021/11/favicon.png notes Archives - All About Finance https://taxclick.org/tag/notes/ 32 32 RBI allow withdrawals of deposits made in current legal tender notes on or after November 29, 2016 without any limit https://taxclick.org/type/banking/rbi-allow-withdrawals-deposits-made-current-legal-tender-notes-november-29-2016-without-limit/?utm_source=rss&utm_medium=rss&utm_campaign=rbi-allow-withdrawals-deposits-made-current-legal-tender-notes-november-29-2016-without-limit https://taxclick.org/type/banking/rbi-allow-withdrawals-deposits-made-current-legal-tender-notes-november-29-2016-without-limit/#respond Tue, 29 Nov 2016 07:43:35 +0000 https://taxclick.org/?p=3680 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

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]]> https://taxclick.org/type/banking/rbi-allow-withdrawals-deposits-made-current-legal-tender-notes-november-29-2016-without-limit/feed/ 0 Now it is not allowed to deposit old Currency in Small Savings Schemes -RBI Circular https://taxclick.org/type/banking/now-not-allowed-deposit-old-currency-small-savings-schemes-rbi-circular/?utm_source=rss&utm_medium=rss&utm_campaign=now-not-allowed-deposit-old-currency-small-savings-schemes-rbi-circular https://taxclick.org/type/banking/now-not-allowed-deposit-old-currency-small-savings-schemes-rbi-circular/#respond Thu, 24 Nov 2016 08:43:46 +0000 https://taxclick.org/?p=3675 Deposit of specified banknotes (SBN) in Small Savings Schemes RBI/2016-17/151 DCM (Plg) No.1351/10.27.00/2016-17 November 23, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks Dear Sir, Deposit of specified banknotes (SBN) in Small Savings ... Read more

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]]> https://taxclick.org/type/banking/now-not-allowed-deposit-old-currency-small-savings-schemes-rbi-circular/feed/ 0 The Chairman of SIT & Former supreme court Judge recommended for Putting a limit of cash holding and cash transaction https://taxclick.org/type/banking/chairman-sit-former-supreme-court-judge-recommended-putting-limit-cash-holding-cash-transaction/?utm_source=rss&utm_medium=rss&utm_campaign=chairman-sit-former-supreme-court-judge-recommended-putting-limit-cash-holding-cash-transaction https://taxclick.org/type/banking/chairman-sit-former-supreme-court-judge-recommended-putting-limit-cash-holding-cash-transaction/#respond Sat, 12 Nov 2016 04:07:07 +0000 https://taxclick.org/?p=3667  The Chairman, SIT on Black Money & Former Judge of the Supreme Court of India, Justice MB Shah and Former Judge of the Supreme Court of India &Vice- Chairman, SIT on Black Money, Justice Arijit Pasayat has stated that the Government has taken a bold step by demonetizing Rs.500 and Rs.1,000 notes. In a jointly ... Read more

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]]> https://taxclick.org/type/banking/chairman-sit-former-supreme-court-judge-recommended-putting-limit-cash-holding-cash-transaction/feed/ 0 FAQs on Withdrawal of Bank Notes in the denominations of Rs 500 and Rs 1000 https://taxclick.org/type/banking/faqs-withdrawal-bank-notes-denominations-rs-500-rs-1000/?utm_source=rss&utm_medium=rss&utm_campaign=faqs-withdrawal-bank-notes-denominations-rs-500-rs-1000 https://taxclick.org/type/banking/faqs-withdrawal-bank-notes-denominations-rs-500-rs-1000/#respond Wed, 09 Nov 2016 09:05:32 +0000 https://taxclick.org/?p=3649 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists ... Read more

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]]> https://taxclick.org/type/banking/faqs-withdrawal-bank-notes-denominations-rs-500-rs-1000/feed/ 0 Withdrawal of Legal Tender Status for Rs 500 and Rs 1000 Notes: RBI Notice https://taxclick.org/type/banking/withdrawal-legal-tender-status-500-1000-notes-rbi-notice/?utm_source=rss&utm_medium=rss&utm_campaign=withdrawal-legal-tender-status-500-1000-notes-rbi-notice https://taxclick.org/type/banking/withdrawal-legal-tender-status-500-1000-notes-rbi-notice/#respond Wed, 09 Nov 2016 04:17:39 +0000 https://taxclick.org/?p=3632 Government of India vide their Notification no. 2652 dated November 8, 2016 have withdrawn the Legal Tender status of Rs 500 and Rs 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the Reserve Bank of India till November 8, 2016. This is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black ... Read more

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]]> https://taxclick.org/type/banking/withdrawal-legal-tender-status-500-1000-notes-rbi-notice/feed/ 0 Pre-2005 series banknotes – FAQ https://taxclick.org/type/banking/pre-2005-series-banknotes-faq-2/?utm_source=rss&utm_medium=rss&utm_campaign=pre-2005-series-banknotes-faq-2 https://taxclick.org/type/banking/pre-2005-series-banknotes-faq-2/#respond Sun, 15 Feb 2015 18:30:00 +0000 1. What are the pre-2005 series banknotes? The RBI issued Mahatma Gandhi series (MG series) 2005 banknotes in the denomination of ` 10, ` 20, ` 50, ` 100, ` 500 and ` 1000. These notes contain some additional / new security features as compared to the 1996 MG series. All banknotes issued before the 2005 MG series are called as pre-2005 series banknotes. 2. How can ... Read more

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]]> https://taxclick.org/type/banking/pre-2005-series-banknotes-faq-2/feed/ 0 Date of exchange of currency notes prior to 2005 extended up to 30th June 2015 – RBI press releases https://taxclick.org/type/banking/date-of-exchange-of-currency-notes-prior-to-2005-extended-up-to-30th-june-2015-rbi-press-releases/?utm_source=rss&utm_medium=rss&utm_campaign=date-of-exchange-of-currency-notes-prior-to-2005-extended-up-to-30th-june-2015-rbi-press-releases https://taxclick.org/type/banking/date-of-exchange-of-currency-notes-prior-to-2005-extended-up-to-30th-june-2015-rbi-press-releases/#respond Tue, 23 Dec 2014 18:30:00 +0000 Soliciting cooperation from the public in withdrawing these notes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them. The Reserve Bank of India has stated that the public can do so till June 30, ... Read more

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