Allahabad HC: Victim Compensation under POCSO Act Cannot be Withheld For Lack of Injury Report || MP HC: Diverting Goods From Delivery Point is Misappropriation under S.407 IPC || Delhi HC: Bar Associations are Not ‘State’ under Article 12 as They Do Not Perform Public Functions || Delhi HC: Pending Probate Proceedings Do Not Prevent Filing FIR For Alleged Will Forgery || Ker HC: Dismissal For Default Alone Cannot Justify Rejecting Restoration Plea For Lack of Vigilance || SC: Disclosure Statements Alone Cannot Secure Conviction Without a Complete Chain of Evidence || Supreme Court Orders Reporting of Student Suicides and Bans Denial of Classes or Exams || SC: Govt Can Exclude Overqualified Candidates From Posts Requiring Lower Qualifications || SC: Contracts to Hire Global Speakers For Media Summits are Not Taxable as Event Management Services || SC: Mandatory Injunction Suit Alone is Not Maintainable When Plaintiff’s Title is Disputed

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 :