Daily Archives: November 9, 2016

Salient features of scheme of Withdrawal of Rs. 500 and Rs. 1000

By | November 9, 2016

Salient features of the scheme of Withdrawal of Legal Tender Character from existing series of Bank Notes in the denominations of Rs. 500 and Rs. 1000 1. In terms of Gazette Notification No 2652 dated November 08, 2016 issued by Government of India, existing series of banknotes in the denominations of Rs. 500/- and Rs.… Read More »

Boric Acid ineligible for imports under Duty Free Import Authorisation (DFIA) Scheme.

By | November 9, 2016

GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE Public Notice No. 42/2015-2020 New Delhi, the 8th November, 2016 Subject:- Amendments in Standard Input Output Norms (SION) – reg In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy, 2015-2020, the Director General of… Read More »

Combined Annual Return for Excise /Service Tax FY 2015-16 not required to be filed

By | November 9, 2016

Circular No. 1050/38/2016-CX F.No. 207/0512014-CX.6 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs North Block, New Delhi Dated the 8th of November, 2016 To, The Principal Chief Commissioners/ Chief Commissioners of Central Excise (All) The Principal Chief Commissioners/ Chief Commissioners of Central Excise and Service Tax (All) The… Read More »

Cash Deposit & Cash Withdrawal -Operational guidelines of Govt of India w.e.f 09.11.2016

By | November 9, 2016

Limit on Cash Deposit & Cash Withdrawal in India With a view to curb financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities such as espionage, smuggling of arms, drugs and other contrabands into India, and for eliminating Black Money which casts a long… Read More »

Indian Govt Press release on cancellation of Rs 500 and Rs 1000 Bank Notes w.e.f 09.11.2016

By | November 9, 2016

Govt of India Ministry of Finance 08-November, 2016 With a view to curb financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities, and for eliminating Black Money ,Government decides to cancel the legal tender character of the High Denomination bank notes of Rs.500 and… Read More »

Action to be taken by banks on November 09, 2016 sepcified by RBI

By | November 9, 2016

RBI/2016-17/112 DCM (Plg) No.1226/10.27.00/2016-17 November 08, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes In terms of Gazette Notification… Read More »

RBI FAQs on Withdrawal of ₹ 500/- and ₹ 1000/- Bank Notes

By | November 9, 2016

FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature… Read More »

Valid Transactions with Bank Note Rs 500 and Rs 1000 w.e.f 09.11.2016 Notified

By | November 9, 2016

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 8th November, 2016 S.O. 3408(E).—Whereas, by the notification of the Government of India in the Ministry of Finance, vide F. No. 10/3/2016-Cy.I dated 8th November, 2016 published in the Gazette of India, Extraordinary, Part II,Section 3, Sub-section (ii), dated the 8th November, 2016, the… Read More »

Rs 2000 Bank Note Notification by Govt of India

By | November 9, 2016

MINISTRY OF FINANCE (Department of Economic Affairs) CORRIGENDUM New Delhi, the 9th November, 2016 S.O. 3417(E).—In the notification of the Government of India, Ministry of Finance, Department of Economic Affairs published vide number S.O. 3409(E) dated the 8th November, 2016 in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th… Read More »

How to Exchange Rs 500 / Rs 1000 Bank Notes w.e.f 10.11.2016

By | November 9, 2016

How to Exchange Rs 500 / Rs 1000 Bank Notes w.e.f 10.11.2016 Central Government of India  declared that the specified bank notes ( Rs 500 and Rs 1000) shall cease to be legal tender with effect from the 9th November, 2016 vide Notification No S.O. 3407(E) dated 08.11.2016 Download Request Slip /Requisition Slip for Exchange of Rs… Read More »

Rs 500 / Rs 1000 Bank Note withdrawal Notification of Govt of India

By | November 9, 2016

Rs 500 / Rs 1000 Bank Note withdrawal Notification of Govt of India MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 8th November, 2016 S.O. 3407(E).─ Whereas, the Central Board of Directors of the Reserve Bank of India (hereinafter referred to as the Board) has recommended that bank notes of denominations of… Read More »

ATMs Closed on 09.11.2016 in India, ATMs to resume functioning from November 11, 2016

By | November 9, 2016

ATMs –Non-dispensing of Old High Denomination Notes – Closure of operations RBI/2016-17/111 DPSS.CO.PD.No./02.10.002/2016-2017 November 8, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co- operative Banks /District Central Co-operative Banks/ Authorised ATM Network Operators / Card Payment Network Operators/White Label ATM Operators… Read More »

₹ 2000 Banknotes Key Features

By | November 9, 2016

Issue of ₹ 2000 Banknotes Date : Nov 08, 2016 The Reserve Bank of India will shortly issue ₹ 2000 denomination banknotes in the Mahatma Gandhi (New) Series, without the inset letter, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing ‘2016’ printed on the reverse of… Read More »

New Rs 2000 banknotes issued by Reserve Bank of India

By | November 9, 2016

Issue of ₹ 2000 banknotes with inset letter ‘R’ Date : Nov 08, 2016 The Reserve Bank of India will shortly issue ₹ 2000 denomination banknotes in the Mahatma Gandhi (New) Series, with the inset letter ‘R’, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing ‘2016’… Read More »

New Rs 500 Bank Notes issued by Reserve Bank of India

By | November 9, 2016

Issue of ₹ 500 banknotes inset letter ‘E’ in Mahatma Gandhi (New) Series Date : Nov 08, 2016 The Reserve Bank of India will shortly issue ₹ 500 denomination banknotes in Mahatma Gandhi (New) Series with inset letter ‘E’ in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank… Read More »

Banks closed on November 9, 2016

By | November 9, 2016

Reserve Bank of India Press release Banks closed for public on November 9, 2016 Date : Nov 08, 2016 All scheduled and non-scheduled banks, including public, private, foreign, cooperative, regional rural and local area banks, will remain closed for public on Wednesday, November 9, 2016. Alpana Killawala Principal Adviser Press Release : 2016-2017/1143 Related Post… Read More »

Withdrawal of ₹ 500 and ₹ 1000 Notes: RBI Notice

By | November 9, 2016

Withdrawal of Legal Tender Status for ₹ 500 and ₹ 1000 Notes: RBI Notice (Revised) Date : Nov 08, 2016 Government of India vide their Notification no. 2652 dated November 8, 2016 have withdrawn the Legal Tender status of ₹ 500 and ₹ 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the… Read More »

Rs 500 / 1000 Notes banned : Text of Indian PM Address to Nation on 08.11.2016

By | November 9, 2016

Text of Prime Minister’s address to the Nation My dear citizens I hope you ended the festive season of Diwali with joy and new hope. Today, I will be speaking to you about some critical issues and important decisions. Today I want to make a special request to all of you. You may recall the… Read More »

Rs 500 and Rs 1000 Note aboilshed in India: Historic Announcement

By | November 9, 2016

Historic announcements on ending corruption and black money by PM; Five hundred and one thousand rupee notes will no longer be legal tender from midnight tonight In a historical move that will add record strength in the fight against corruption, black money, money laundering, terrorism and financing of terrorists as well as counterfeit notes, the… Read More »