CCI Dismisses Complaint Against Rapido over Use of Private Vehicles in Bike Taxi Service || Allahabad HC: State Must Protect Individuals Threatened for Conducting Prayers in Private Spaces || Madras HC: Habeas Corpus Petition Cannot Be Used if Wife Voluntarily Elopes with Another Man || Calcutta High Court: Post-VRS Service Benefits Cannot be Denied; Ex-Employees Entitled to Arrears || SC: SAIL Can Withhold Gratuity to Adjust Penal Rent if Ex-Employees Illegally Retain Quarters || Supreme Court: Appellate Courts Should Not Easily Alter MACT Compensation Awards || Supreme Court: Quashing FIR in Forgery Case Unjustified While Handwriting Expert’s Report Pending || Raj HC: Convicted Minor Gang Rapist Not Fully Barred From Open-Air Camps; Rules Allow Exceptions || Calcutta High Court: Serving a Show-Cause Notice Via Email is Valid under PMLA Regulations || Del HC: Candidate’s Independent Medical Opinions Don’t Justify Fresh Medical Exam in SSC Recruitment

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 :