Search Results for Tag : Bank note

News

RBI: Banks Cannot Refuse to Accept Scribbled, Coloured, Faded Bank Notes(01.05.2017)

Reserve Bank of India (RBI) has clarified by its notification dated 25th April 2017 that bank branches cannot refuse to accept scribbled/coloured/fade.....

Tags : Reserve Bank of India, Scribbled, Coloured, Faded Bank Notes

Govt: Specified Notes Confiscated on or before 30.12.2016 Can be Deposited in Any RBI Branch(17.05.2017)

Govt has notified rules regarding deposit of Rs. 1000 and Rs. 500 Currency Notes confiscated on or before 30.12.2016 which makes it possible for enfor.....

Tags : Specified Bank Notes (Deposit of Confiscated Notes) Rules, 2017

DGFT: Importer Not Required to Furnish Quarterly Returns for Import of Water-Mark Bank Note Paper(14.07.2021)

Director-General of Foreign Trade (DGFT) has notified that the importer is no longer required to furnish quarterly returns for import of Water-mark Ba.....

Tags : Director General of Foreign Trade, Import of Water-Mark Bank Note Paper

Specified Bank Notes (Cessation of Liabilities) Bill, 2017 Receives President Assent(01.03.2017)

Specified Bank Notes (Cessation of Liabilities) Bill, 2017 that provides for cessation of liabilities on specified bank notes has received assent fr.....

Tags : Specified Bank Notes (Cessation of Liabilities) Bill, 2017

Notifications & Circulars

Withdrawal of Legal Tender Character of existing Rs. 500/- and Rs. 1000/- Bank Notes(09.11.2016)

Please refer to circular DCM (Plg) No. 1226/10.27.00/2016-17 November 08, 2016 on the captioned subject. In order to ensure that the ATMs stop dispens.....

Tags : Bank Notes, Withdrawal, Limits

Constitution of Task Force for enabling dispensation of Mahatma Gandhi (New) Series Banknotes - Recalibration and reactivation of ATMs(14.11.2016)

It has become necessary to re-calibrate all ATMs/ Cash handling machines to dispense the new design notes following introduction of Mahatma Gandhi (Ne.....

Tags : Task force, Constitution, Bank Notes

Issuance of Rs. 500 bank notes without inset letter, in the Mahatma Gandhi (New Series)(08.12.2016)

The Reserve Bank of India will shortly issue Rs. 500 denomination banknotes in the Mahatma Gandhi (New) Series, without any inset letter, bearing sign.....

Tags : Bank notes, Issuance, Inset Letter

RBI dispels rumour on non-acceptance of scribbled-on currency(14.12.2015)

The Reserve Bank of India issued a clarificatory statement to dispel rumours in social media that banks will not accept currency notes which have been.....

Tags : Bank note, scribble, tender, rumour

Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel(24.11.2016)

In view of the withdrawal of legal tender character of the Specified Banknotes (SBN) demand for cash is expected from Government officials and pension.....

Tags : Demand, Bank notes, Government officials

Distribution of Banknotes during November 10 to December 19, 2016(21.12.2016)

Consequent to the announcement of withdrawal of Legal Tender status of banknotes of Rs. 500 and Rs. 1000 denominations from the midnight of November 8.....

Tags : Bank Notes, Distribution

Central Government hereby declares the services in the Bank Note Paper Mill India Private Limited, Mysore, Karnataka to be a public utility service for the purposes of Industrial Disputes Act, 1947(11.02.2021)

Whereas the Central Government is satisfied that the public interest so requires that the services in the Bank Note Paper Mill India Private Limited, .....

Tags : Bank Note Paper Mill, Public utility, Industrial Disputes Act

Issue of Rs. 10 banknotes with improved security features(09.03.2017)

The Reserve Bank of India will shortly issue Rs. 10 denomination banknotes in the Mahatma Gandhi Series-2005 with inset letter 'L' in both the number .....

Tags : Bank Notes, Issuance, Security