Tag Archives: old bank note

4 Keys Points about Exchange of Old Bank Notes -Demontization

By | November 16, 2016

Demontization- Exchange of Old Bank Notes 1) No charges on multiple withdrawals from ATM: Under existing norms, bank charges fee for more than 3 withdrawal from ATM. However, due to withdrawal limit of Rs 2500 per day, people are forced to do multiple transactions. Thus, in order to provide relief to them, it has been decided… Read More »

ID proof of customers required for payments in consumer cooperative stores with old bank notes

By | November 11, 2016

Government extends existing exemptions with rergard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations until the expiry of 14th November, 2016, with certain modifications / additions to the existing exemptions; Governments reassures that there is enough cash with RBI and Supply of… Read More »