SC: ‘Abandonment of Service is Not Voluntary Retirement’, Denying SBI Clerk Pension Benefits || Supreme Court: Stranger Affected by an Interim Order is Entitled to be Impleaded in Writ Proceedings || Supreme Court: Courts Cannot Replace an Authority’s Discretion, and Sets Aside Direction to Governor || SC: Title Suit Hit by Constructive Res Judicata if Omitted in Prior Injunction Suit Disputing Title || SC Clarifies Whether a Co-Operative Society Can Act as a Resolution Applicant under the IBC || Chhattisgarh High Court: Innocent Litigants Should Not be Penalized For Lapses by Their Lawyers || Delhi High Court: Marriage With the Victim Cannot Absolve an Accused of Rape under POCSO || J&K&L HC: Acquisition Lapses if 80% Compensation is Unpaid Before Possession under Section 17A || Delhi HC: Policy Number is Not Mandatory For LIC Details under RTI, But Basic Details are Required || SC: Courts Must Curb Unlicensed Money Lenders; Probes Need Not Wait For New Law

Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel- (Reserve Bank of India) (24 Nov 2016)

MANU/RDCM/0033/2016

Banking

In view of the withdrawal of legal tender character of the Specified Banknotes (SBN) demand for cash is expected from Government officials and pensioners after the electronic payment of their salary/pension.

2. Banks are therefore advised to take appropriate steps in order to meet this likely demand for cash by:

(i) Ensuring adequate cash availability for taking care of the requirements of pensioners

(ii) Ensuring adequate supply at the military outposts for the cash requirements of the Armed Forces personnel.

Tags : DEMAND BANK NOTES GOVERNMENT OFFICIALS

Share :