SC: Magistrates Should Not Record Prosecution Evidence in Sessions-Triable Cases || Supreme Court Lays Down Guidelines on Using ITRs to Assess Motor Accident Victims' Income || Supreme Court: Citing AI-Generated Fake Precedents Amounts to Advocate Misconduct || Bombay HC: Horse-Trading Rampant in Maharashtra, FIRs 'Washed' After Switching Sides || Tripura High Court: Senior Citizens Cannot be Penalised For Failing to Follow Cases Online || Delhi High Court: Parent Cannot Gain Advantage by Keeping a Child Against a Foreign Court Order || Allahabad HC: Places of Worship Act Bars Conversion of Religious Character, Not State Acquisition || Jharkhand HC: Single Instance of Mother-In-Law Abusing Daughter-In-Law Does Not Amount to Cruelty || Madras High Court: No Appeal Lies Against E-Court Status or Adjournment Orders || Chhattisgarh HC: Judicial Officer Promotion Cannot be Denied on Complaint Without Disciplinary Action

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 :