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News at a Glance


Government to credit Rs 10,000 in every zero balance Jan Dhan account

The Rs.500 and Rs.1000 denomination currency notes were withdrawn by the government with effect from November. The government announced that old notes can be deposited and exchanged in the banks.

Posted On :21/Nov/2016 11:09:31 AM

47000 ATMs calibrated to issue new notes

47,000, ATMs have been recalibrated since the exercise began last Wednesday, to enable them to start dispensing the new Rs.500 and Rs.2000 denomination bank notes.The task force for reactivation of ATMs.

Posted On :21/Nov/2016 10:58:49 AM

Central Government employees to get advance on salary

In an effort to ease the cash rush at ATMs and banks due to currency overhaul across India the Union Government of Thursday announced that central government employees can avail Rs 10,000 cash.

Posted On :21/Nov/2016 10:54:12 AM

Paytm: transactions may be done without service charges

Paytm has announced that banking transactions can be done with any bank without any service charges. The central government declared on 8th November that the currency notes of Rs. 500 and Rs. 1000 as invalid.

Posted On :18/Nov/2016 5:59:07 PM

Is it ok to deposit Rs. 2.5 Lakhs in each bank?

Some people have savings accounts in 2 different banks. Is it ok to deposit Rs. 2.5 Lakhs in each bank? The only announcements made so far pertain to the exchange of currency notes recently declared invalid,

Posted On :18/Nov/2016 5:41:58 PM

When will the new Currency Note of Rs. 500 be released?

High Court Judge Kirubakaran raised the question when will the new currency note of Rs. 500/- will be available to Tamil Nadu.Mr. Ramamurthy has filed a petition to the Chennai High Court regarding the non-supply.

Posted On :18/Nov/2016 5:24:06 PM

Udaan scheme to be implemented from January

Udaan scheme, fixing a maximum flight fare of Rs. 2500/- covering the flights under 1-hour duration was introduced last October.The central Minister for Aviation Transport, Ashok Gajapathy Raju, informed.

Posted On :18/Nov/2016 4:15:44 PM

SBI set uninterrupted ATMs in 5 locations in Chennai

The State of Bank of India has commenced 5 uninterrupted ATMs in 5 locations in the Chennai.With a view to provide the best possible service to the people of Tamil Nadu, 5 uninterrupted ATMs have been in the Chennai.

Posted On :18/Nov/2016 3:16:54 PM

ICICI and HDFC banks lower FD rates

Major banks in the country, including ICICI Bank and HDFC Bank, have lowered their FD rates by up to .25 per cent. The lowering in fixed deposit rates may herald reduction in lending rate as well in the next few days.

Posted On :18/Nov/2016 12:48:35 PM

Will private and government employees get their salaries on 1st December?

In an unexpected move, India�s Prime Minister Narendra Modi announced in a special address on 8th evening that Rs 500 and Rs 1,000 notes will be demonetized. New Rs 500 and Rs 2000 are being dispensed through banks.

Posted On :18/Nov/2016 12:16:43 PM