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&nbsp;A total of seven banks have revised interest rates on savings bank account between 25 basis points - 100 basis points on various minimum balance.&nbsp; 
&nbsp;

Seven banks have cut: Here are best interest rates offered by banks for your deposits 

In fourth speech as Prime Minister of the country, Narendra Modi spoke about demonetisation drive and continuous effort to fight with black money.

Independence Day: From black money to note-ban, 10 things PM Modi said today

RBI in its circular on August 10, stated that the central board has approved to transfer surplus amounting to Rs 30,659 crore. This would be not even half of surplus it provided in FY16.&nbsp;

Where did RBI's expected Rs 30,000-crore more surplus go? 

Here are some facts about the printing and other factors that went into the making of the new Rs 500 currency note as given by top officials involved in the issue.

Post note ban, why were new Rs 500 notes late in coming?

Demonetisation cut cash in economy by 20%: Economic Survey-II

Since the start of fiscal year 2017-18 (FY18)&nbsp;all scheduled commercial banks (SCBs) business ( advances and deposits has seen decline in both year-to-date (YTD) and year-on-year (YoY) basis.

A Historic Low: What's really happening with bank credit growth?

Two banks namely Axis Bank and SBI have brought down their savings account interest rates by 50 basis points.&nbsp; 
&nbsp;

Why are banks choosing to cut savings account interest rates?

Even after the government banned Rs 500 and Rs 1000 notes to curb fake notes over Rs 2.55 crore fake notes have now been seized by the government post demonetisation. 
&nbsp;

Govt seizes Rs 2.55 crore in fake notes post demonetisation; more than half from Gujarat

Few days after when SBI revised down its interest rates on savings account, private lender Axis Bank too followed the suit by making 50 basis points revision.&nbsp;

After SBI, Axis Bank cuts interest rate on savings account 

As bank credit growth perform at single-digit, banks and firms are tapping the securitisation market so much so that transactions through this has risen by 47% in FY17.&nbsp;

Slowdown in loan growth takes securitisation to all-time high of Rs 1 lakh crore

Finance professionals within logistics and engineering sectors were offered the highest increment of 20%&nbsp;whereas retail saw the lowest 5%&nbsp;followed by telecom and BFSI.

Note ban has little impact on increments in FY17: Survey

The Income Tax Department has added a new column where the taxpayer’s will have to report the details of cash deposited in their bank accounts&nbsp;if the aggregate cash deposits for all accounts exceeds Rs 2 lakh during the demonetisation period.

Income Tax: Do not forget to fill in demonetisation deposit details in ITR form

Market expects a 25 bps rate cut in August policy. Currently,&nbsp;policy&nbsp;repo rate under the liquidity adjustment facility (LAF) stands at 6.25%.&nbsp;

RBI August monetary policy: A 25 basis point rate cut or higher? 

As per the Request for Proposal (RFP), the machines should be computer based and microprocessor controlled and capable of processing, counting, sorting and authenticating banknotes into 'fit for circulation', 'unfit for circulation', 'reject notes', 'suspect/forged notes', and 'emission-wise sorting on design and series', among other categories.

RBI to procure 50 note verifying machines

Addressing shareholders in the company's Annual Report 2016-17, he said Tata Motors' standalone net revenues increased by 3.7%to Rs 44,777 crore for the 12 months ended March 31, 2017 but standalone loss before tax for the year fell to Rs 2,421 crore, compared with Rs 67 crore in the prior year.

Turning around Tata Motors domestic biz need of the hour: Chandrasekaran

It took the RBI eight months to restore currency circulation to pre-demonetisation era. Zeebiz analyses cost to print old Rs 1000 and Rs 500 notes and new notes by the government. 
&nbsp;

Here’s how much it cost the government to make Rs 2000 notes

Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Rajya Sabha, mentioned about five big steps, the government took:

6 steps Govt took to control Benami transactions

RBI stops printing Rs 2000 note: Is the one with you still valid? 

Arun Jaitley praised Revenue Secretary, Minister of Finance, Hasmukh Adhia for successful implementation of Income Declaration Scheme and activities during and after demonetisation.&nbsp;

Will ensure minimum possible direct interface between assesses and ITD Officers, says FM Jaitley

This year the department has added a new column where the taxpayer’s will have to report the details of cash deposited in their bank accounts (including loan account) if the aggregate cash deposits for all accounts exceeds&nbsp;Rs 2 lakh during the demonetisation period

Income Tax: This is how you can show Rs 2 lakh deposit transaction in ITR copy

demonetisation

The Reserve Bank of India said 98.37 per cent of Rs 2000 banknotes have been returned to the banking system since the denomination’s withdrawal in May 2023. Only Rs 5,817 crore worth of notes remain in circulation, though they continue to be legal tender.
 

Rs 2000 note phase-out nearly complete, says RBI; 98% of notes returned to banks — All you need to know

97.82 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of May 2024.

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 2,000 withdrawal from circulation: The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.

2,000-rupee note: A barrage of memes on social media as RBI presses 'exit' on 2,000 currency bill

BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation. But worry not! The 2,000 note will remain legal tender. You will get a chance to deposit the Rs 2,000 note at the bank, or exchange it up to 10 (Rs 20,000) at a time. 

Bye bye, Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

The finance minister says banks make assessment of amount and denominational requirements for ATMs on the basis of past usage

Finance Minister Nirmala Sitharaman says govt hasn't stopped banks from filling Rs 2000 notes in ATMs

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Demonetisation

Seven banks have cut: Here are best interest rates offered by banks for your deposits

Independence Day: From black money to note-ban, 10 things PM Modi said today

Where did RBI's expected Rs 30,000-crore more surplus go?

Post note ban, why were new Rs 500 notes late in coming?

Demonetisation cut cash in economy by 20%: Economic Survey-II

A Historic Low: What's really happening with bank credit growth?

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Costs of veg, non-veg thalis dip 13% in November amid easing vegetable prices: Crisil

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