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Reserve Bank of India

Government notifies The Specified Bank Notes (Cessation of Liabilities) Act, 2017 [Read the Act]

The Central Government has notified The Specified Bank Notes (Cessation of Liabilities) Act, 2017. The Act aims at formal banning of Rs 500 and Rs...

Declarants can make Deposits on One or more occasions under PMGKDS, 2016

RBI gives freedom to Banks to fix Bank Service Charges for Transactions

No Limits on Cash Withdrawals from Current Accounts/ Cash Credit accounts/ Overdraft Accounts: RBI

Finance Ministry bars Co-Operative Banks from accepting deposits under PMGKY Scheme

RBI introduces Facility for Citizens & NRIs for Exchange of Old Notes

Indian citizens resident in Nepal, Bhutan, Pakistan and Bangladesh cannot avail this facility. The Reserve Bank of India has introduced a facility of exchange of specified bank notes (SBNs) to...

Time Limit for Depositing Old Notes of Rs 500, Rs 1,000 Ends Today [Read Notification]

The Time limit to deposit old Rs 500 and Rs 1,000 notes in banks ends on today i.e. December 30th 2016. From next week onward, those still holding the scrapped currency can deposit it only with the...

No Questions for KYC Accounts; RBI Amends ₹5,000 Cap on Deposits in old ₹500 & ₹1,000 notes [Read Notification]

The Reserve Bank of India (RBI) today clarified that, rule issued on Monday that imposed restrictions on deposits of old notes more than Rs 5,000 before December 30 will not be applicable for KYC...

Deposits exceeds ₹ 5,000 in old ₹ 500 & ₹ 1,000 notes can be made only once per account till Dec 30: RBI [Read Notification]

Yet another move to curb Black Money, the Reserve Bank of India today said in a notification, deposits exceeding Rs 5000 in old 500 and 1000 notes can be made only once per account till december 30,...