New series of Rs 50 notes from RBI soon
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In its announcement made on Monday, the Reserve Bank of India has stated that Rs 50 bank notes of Mahatma Gandhi Series-2005 will be released shortly. One of these will contain the letter ‘L’.
The deposits of old notes of Rs.500 and Rs.1000 denominations have been reviewed by the Government from time to time. Already more than five weeks have elapsed since the time of the announcement of the cancellation.
The Reserve Bank of India has announced that the new currency notes of Rs. 500 denomination will be distributed by the banks from today (Monday, 19th December).
Cash crunch in the country could be mostly resolved by mid-January 2017 and it will completely disappear by the end of February 2017. Since demonetisation came into effect India has faced huge cash crisis.
Reserve Bank of India has issued a new rule with regard to deposit of the old Rs 500 and Rs 1000 notes. Old notes 500 and 1000 rupees can be deposited to a tune of Rs 5000 only in the bank account.
The Reserve Bank of India has stated that new Rs 500 notes with Mahatma Gandhi series that will have new E letter inserted in the number panels will be released soon. At the back side of the note.
The Reserve Bank of India has announced that around 80 percent of the notes of denomination Rs.500/- and Rs. 1000/- announced as invalid has been returned to the banks.
The Reserve Bank of India has imposed new rules for cash withdrawal above Rs 2 lakh for funds deposited after 9th November. On 8th November, the central government had announced.
The nation is one in wondering if the withdrawal limits of money that are now in place will be relaxed after December 30, which is the deadline by which old Rs 500 and Rs 1,000 notes
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ICICI bank has announced about upgrading of its Corporate Internet Banking website. With the rapid advancement in technology.The newer platform that has a convenient and interactive interface with easier navigation on the go.
Direct tax collections up to November, 2016 show that net collections are at Rs. 4.12 lakh crore which is 15.12% more than the net collections for the corresponding period last year. Till November, 2016,
