The central government had announced that it is demonetizing Rs 500 and Rs 1000 notes from the night of 8th November. This followed a complete shutdown of all banks on 9th November and on the consecutive.
The government has extended the deadline to use demonetized Rs 500 and Rs 1000 notes at select places as announced earlier. Accordingly, the extended deadline is 24th November 2016.
With the recent demonetization of certain currencies, it’s time to go cashless when you can. Here are a few tips for you.Use your bank cards - debit or credit - to do most of your payments. This ensures timely payments.
Reserve Bank Of India has mentioned that the Rs 500 and Rs 1000 notes demonetized by the government can be exchanged even after 30th December. The people have been advised not to pressurize the banks.
Officials from the Reserve Bank of India have explained regarding the issue whether the same person can withdraw Rs. 4000/- cash from the different branches of his bank.In the present scenario, questions have.
Why you need a PAN card?
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A Permanent Account Number card or PAN cards has become essential for Indian citizens. It is used by the government to track taxable component in financial transactions.The government has made it compulsory.
Bank rates to come down
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The State Bank of India, SBI, has said that it has received nearly Rs 40,000 crore as deposits in the last two days following the government’s decision to demonetise Rs 500 and Rs 1,000 notes.
A request for proposal, or RFP, will be issued by the Ministry of Electronics and Information Technology by December to set up a common e-governance platform for end-to-end transactional experience.
The government will look out for large inflows of cash deposits in bank accounts opened under the Pradhan Mantri Jan-Dhan Yojana. This development that comes in the wake of reports.
A senior government official has said that the new magenta Rs. 2,000 notes have all been printed at a facility in India but, barring the design, the security features remain the same as the old Rs. 500 and Rs. 1,000 notes.
The Southern Regional Manager of the Reserve Bank of India Sadakathulla has announced that all banks in Tamil Nadu will work without any weekend holiday breaks.In a press release regarding this, he explained.
The Income Tax Department has asked banks to report all cash deposits exceeding Rs 2.5 lakh during the 50-day window provided to tender the now-defunct 500 and 1000 rupee notes.
Industry experts have said that even as ATMs will provide only Rs. 100 denomination of notes when they open on Friday, Rs. 2,000 notes would take a week’s time to be made available.
The State Bank of India announced that on a single day yesterday (Thursday, 10th November), a whopping Rs. 53000 Crores has been deposited.On the evening of 8th November, the Prime Minister Narendra Modi.
In order to provide for the project to linking all important parts of the country by air, the department of domestic aviation has decided to impose a new Excise Tax for all domestic flight services.
With exorbitant increase in demand, the bank branches in Chennai started shutting down, as the currency chests also started running dry.At Parrys, Triplicane, Anna Salai, Nandanam and Velachery, the bank branches of SBI,
In one of the historical reforms of the economy of India, Rs 500 and Rs 1,000 notes were banned effective Tuesday midnight. The public are exchanging the banned notes in banks and post offices.
RBI’s Regional Director, Chennai, J.Sadakkadulla has mentioned that in lieu of void Rs 500 and Rs 1000 notes, Rs 480 Crores new currencies were distributed. He while speaking to the media said.
Facilitating the customers’ needs to get their old Rs 500 and Rs 1000 notes, the Reserve Bank of India has made all banks across the country functional on Saturday and Sunday (tomorrow and day after tomorrow).
When asked the income tax officials that whether the people who deposit Rs 500 and Rs 1000 in various banks, will they escape the wrath of IT department.The government has mentioned that to exchange the now defunct Rs. 500 and Rs. 1,000
