NO GPS on Rs. 2000 notes
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The Reserve Bank of India, or RBI, has said that reports about the launch of GPS enabled currency notes that would help government to track and locate currency notes even if it is kept 120 metres below ground level are false.
The Reserve Bank of India has announced that currency notes of the denominations Rs. 500 and Rs. 2000 will be available from today (Thursday, 10th November). These Rs. 500 and Rs. 2000 currency notes.
Travellers and tourists to India did not have it easy at airports and railway stations after the demonetizing of Rs. 500 and Rs. 1000 notes. Railway stations were accepting currency, but a few counters.
ICICI Bank’s branch timings will be extended by two hours on November 10 and 11, 2016.Branches at certain locations shall be open from 08:00 AM to 08:00 PM on November 10 and 11, 2016.
Addressing the press on Wednesday, Finance Secretary Ashok Lavasa said that the new hard-to-fake Rs 500 and Rs 2,000 currency notes will be available at bank ATMs when they start operating again from Friday.
New Rs.1000 currency notes sooner
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Economic Affairs Secretary Shaktikanta Das has announced on Thursday that new Rs.1,000 currency notes will be re-introduced in a few months with enhanced security features and different colour.
The Central government has announced that people depositing Rs 2.5 lakhs and above without proper account will face a penalty of 200 percent.Revenue Secretary Hashmukh Adhia said: We would be getting.
The central Finance Minister Arun Jaitley has informed that it may take up to 3 weeks for the new currency notes to get into circulation.In an interview with the press, the central finance minister explained that the action
No holiday for banks
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Reserve Bank of India has announced banks will remain open on Saturday (November 12) - which is a second Saturday of the month and Sunday (November 13) for the convenience of people.
Only one answer for this question - the people without any bank savings account will need to open a new account.Anyone exchange currency notes worth up to Rs. 4000/- in any bank by showing the ID card.
In the exchange of Rs. 17 Lakh Crores, the currency notes of Rs. 500 and Rs. 1000 are the maximum. The denominations of currency notes of Rs. 100, Rs. 50, Rs. 20, Rs. 10, Rs. 5, and Rs. 1/- submitted for exchange are minimal.
Right from the moment the announcement about demonetization of Rs. 500 and Rs.1000 notes was made, there have been commotions all over the country. Sorting things out, here are a few points.
The Indian Bank Association, or IBA, has sent proposals for increasing the service charges in the view of overcome maintenance burden on white ATMs. The bankers categorised ATMs into two sorts.
Features of new Rs.500 notes
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Here is the list of all features of the new Rs.500 notes from the RBI.
Currency notes of Rs.500 and Rs.1000 denominations will not be legal tender beginning November 9. This was announced by Prime Minister Narendra Modi in a special address to the nation on Tuesday evening.
Features of new Rs.2000 notes
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Live Chennai gets you the features and facilities with the new Rs.2000 notes.. Read on to know.
The new Rs.2000 note will have motif of Mangalyan (ISRO’s Mars mission) on the reverse, depicting the country’s first venture in interplanetary space.The Mars Orbiter Mission (MOM) Mangalyan, was launched onboard.
Dont panic: Reserve Bank of India
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The Reserve Bank of India has asked the people not to panic because Rs.500 and Rs.1000 currency notes will no longer be legal from Tuesday midnight.An official of the RBI said: In order to curb black money.
This news comes shockingly from the Prime Minister, Narendra Modi. As a move to mark an end to black money, taking a major step, the PM has made an announcement that the Rs 500 and 1000 notes.
