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Specified Bank Notes News
Specified Bank Notes
Did RBI consciously stop printing Rs 2000 currency notes?
Thu, Dec 21, 2017
If we look the RBI' annual report data closely, it indicates that the central bank printed heavily Rs 500 denominations but slowed down on Rs 2,000 denominations.
RBI withdraws ATM cash limit from Feb 01
Mon, Jan 30, 2017
While ATM cash withdrawal limit will be ending from February 01, 2017. However bank at their discretion can have their own operating limits as was the case before November 08, 2016, stated RBI.
97% of demonetised notes are back? RBI says don't know yet
Thu, Jan 05, 2017
RBI said, "We would like to clarify that the periodical Specified Bank Notes (SBN) figures released by us were based on aggregation of accounting entries done at the large no of Currency Chests all over the country. Now that the Scheme has come to an end on December 30, 2016, these figures would need to be reconciled with the physical cash balances to eliminate accounting errors/ possible double counts etc."
RBI asks banks to email details of demonetised money collected today itself
Fri, Dec 30, 2016
At the end of the 50 day deadline to extinguish old notes, the Reserve Bank of India (RBI) on Friday said all banks must email the details of old currency notes received today.
RBI slashes GVA growth for FY17 to 7.1%
Wed, Dec 07, 2016
RBI said, “Outlook for GVA growth has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of SBNs (specified bank notes) which are still playing out.”
RBI eases withdrawal limits for deposits made in legal tender
Tue, Nov 29, 2016
To encourage people to deposit valid currency notes in banks, Reserve Bank of India (RBI) on Monday said bank customers would be able to withdraw deposits made in current legal tender notes beyond the current limits, a move aimed at increasing currency circulation in system.
Notes Exchange Facility: Here are key things you should know
Fri, Nov 11, 2016
If you are heading to ATMs or bank branches for exchange or deposit of your old Rs 500 and Rs 1,000 notes, here are important things that you should know.