Tag Archives: Rs 500 Bank Note

Cash Deposit in Bank- Take care of Income Tax Provisions of India

By | November 10, 2016

Cash Deposit in Bank- Take care of Income Tax Provisions of India As the Government has declared that currency notes of Rs. 500 and Rs. 1,000 denominations will not be valid from midnight of November 8, 2016, citizens will have to surrender the old notes at any branch of a bank or post office. Citizens… 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 »