NCLAT: IRP Has Authority to Take Possession of Assets Owned by Corporate Debtor || NCLAT: NCLT Can Direct Forwarding a Copy of its Order to Relevant Statutory Authorities || Delhi HC: Centre to Expedite Process of Accessibility Features in OTT platforms for PwDs || Delhi HC: Once Worker Provides Testimony Under Oath ‘Burden of Proof’ Shifts on Employer || SC: There Cannot be Discrimination in Matter of Payment of Pension to Retired Judges || SC: India is Not a Dharamshala that Can Entertain Foreign Nationals from All Over || SC: Can Quash Domestic Violence Act Complaints Under Section 482 of CrPC || Supreme Court: Can’t Use Statement of One Accused against Another || SC: Inclusion of Name in Draft NRC Cannot Annul Foreigners Tribunal’s Declaration as Non-Citizen || Supreme Court: Minimum Practice of 3 Years Mandatory to Enter Judicial Service

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 :