All You wanted to know from RBI about Withdrawal of Rs 500 and Rs 1000 Old Bank Notes By CA Satbir Singh | April 22, 2017 0 Comment (Last Updated On: April 22, 2017) NotificationsFeb 13, 2017 Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding LimitFeb 08, 2017 Removal of limits on withdrawal of cash from Saving Bank AccountsJan 30, 2017 Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo anteJan 16, 2017 Enhancement of withdrawal limits from ATMs and Current AccountsJan 03, 2017 Exchange facility to foreign citizensJan 03, 2017 Allocation of cash for rural areasDec 31, 2016 Facility for exchange of Specified Bank Notes (SBNs) during Grace Period – Verification of KYC and Account detailsDec 30, 2016 Cash withdrawal from ATMs – Enhancement of daily limitsDec 30, 2016 Special measures to incentivise Electronic Payments – Extension of timeDec 30, 2016 Closure of the scheme of exchange of Specified Bank Notes (SBNs) at banks on December 30th 2016- AccountingDec 21, 2016 Deposit of Specified Bank Notes (SBNs) into bank accounts- ModificationDec 19, 2016 Deposit of Specified Bank Notes (SBNs) into bank accountsDec 13, 2016 Preservation of CCTV recordingsDec 12, 2016 Distribution of Mahatma Gandhi (New) Series Banknotes – RecordsDec 12, 2016 Detection of counterfeit notes in Specified Bank Notes (SBNs) – ReportingDec 09, 2016 Security and Risk Mitigation measure – Technical Audit of Prepaid Payment Instrument issuersDec 06, 2016 Card Not Present transactions – Relaxation in Additional Factor of Authentication for payments upto ₹ 2000/- for card network provided authentication solutionsDec 02, 2016 Allocation of banknotesNov 30, 2016 Accounts under PMJDY – PrecautionsNov 30, 2016 Deposit of SBNs – Chest Balance Limit / Cash Holding LimitNov 28, 2016 Withdrawal of cash from bank deposit accounts – RelaxationNov 28, 2016 Chest Guarantee Scheme for SBNs – Additional SpaceNov 27, 2016 Chest Guarantee Scheme for SBNs – Facility at district levelNov 25, 2016 Withdrawal of cash – Weekly limit of ₹ 24,000 to continueNov 24, 2016 Discontinuation of over the Counters Exchange of SBNsNov 24, 2016 Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces PersonnelNov 24, 2016 Specified Bank Notes (SBNs) – Deposit under Guarantee Scheme to decongest the storage facilities at banksNov 23, 2016 Deposit of specified banknotes (SBN) in Small Savings SchemesNov 22, 2016 Special Measures to incentivise Electronic Payments – (i) Enhancement in Issuance Limits for PPIs in India (ii) Special measures for merchantsNov 22, 2016 Cash Withdrawal for purpose of Celebration of Wedding – ModificationNov 22, 2016 Making Cash available for Rabi Crop Season – Advisory to BanksNov 22, 2016 Fraudulent PracticesNov 21, 2016 Revisions for Farmers/Traders registered with APMC/MandisNov 21, 2016 Cash Withdrawal for WeddingNov 21, 2016 Relaxation in Prudential NormsNov 21, 2016 Cash Withdrawal Limit Facility for Overdraft/Cash Credit AccountsNov 20, 2016 Withdrawal Limits from ATMs unchangedNov 18, 2016 Cash Withdrawal at POS – Withdrawal Limits and Customer Fee/Charges – RelaxationNov 17, 2016 Limit for Exchange Over the Counters RevisedNov 16, 2016 Daily Reporting by BanksNov 16, 2016 Compliance with Provisions of 114B of the Income Tax Rules, 1962Nov 15, 2016 SOP for putting Indelible Ink on the Finger of the Customers coming to a Bank Branch for SBNsNov 14, 2016 Usage of ATMs – Waiver of Customer ChargesNov 14, 2016 Expanding the Distribution Locations for Deposit and Withdrawal of CashNov 14, 2016 Applicability of the Scheme to DCCBsNov 13, 2016 Revision in Limits for CashNov 13, 2016 Reporting and Monitoring – Information on Issuance of Banknotes Over the Counters / ATMsNov 11, 2016 Issue of Pre-Paid Instruments to Foreign TouristsNov 11, 2016 Reporting and MonitoringNov 11, 2016 Relaxation for Government DepartmentsNov 10, 2016 Limits for Banks, Post offices, Money Changers, White Label ATMsNov 10, 2016 Payment Systems to remain open on Saturday, November 12 and Sunday, November 13, 2016Nov 09, 2016 RBI Instruction to Banks for Changes in ATMNov 09, 2016 Banks to remain open for Public on Saturday, November 12 and Sunday, November 13, 2016Nov 09, 2016 Instructions to Authorised PersonsNov 08, 2016 RBI Instructions to BanksNov 08, 2016 Closure of ATM OperationsPress ReleasesJan 05, 2017 Clarification regarding Specified Bank Notes (SBNs)Dec 31, 2016 RBI introduces Facility for Citizens and NRIs who were Abroad for Exchange of SBNsDec 19, 2016 Issue of ₹ 500 banknotes with the inset letter ‘R’Dec 16, 2016 Issue of ₹ 500 banknotes in Mahatma Gandhi (New) Series with the inset letter ‘E’ having ‘star’ mark in the number panelDec 13, 2016 Shri R. Gandhi and Shri S. S. Mundra, RBI Deputy Governors brief Agencies on Currency Issues: Edited TranscriptDec 08, 2016 Issuance of ₹ 500 bank notes without inset letter, in the Mahatma Gandhi (New Series)Dec 01, 2016 RBI cautions against Information received on Unsecured/Unofficial ChannelsNov 25, 2016 Exchange Facility at RBI to continueNov 22, 2016 Exchange Facility – Reports of misuse – Caution to PublicNov 22, 2016 Special measures to incentivise Electronic PaymentsNov 18, 2016 Withdrawal limits and customer fee/charges for POS relaxedNov 17, 2016 Supply of Notes Sufficient; Do Not Panic or Hoard Currency: RBI reiteratesNov 15, 2016 RBI asks Cooperative Banks to ensure Strict Compliance to its InstructionsNov 14, 2016 Usage of ATMs – Waiver of customer chargesNov 14, 2016 DCCBs can allow existing customers to withdraw upto ₹ 24,000 from their accounts : RBINov 14, 2016 Constitution of Task Force for enabling dispensation of Mahatma Gandhi (New) Series Banknotes – Recalibration and reactivation of ATMsNov 13, 2016 Issue of ₹ 500 banknotes inset letter ‘L’ in Mahatma Gandhi (New) SeriesNov 13, 2016 Don’t draw and hoard; enough cash in small denominations available at RBI and banks: RBINov 12, 2016 Withdrawal of Legal Tender Character of ₹ 500 and ₹ 1,000: RBI StatementNov 12, 2016 Authorities are closely monitoring Information through Reports: RBINov 11, 2016 Enough Cash is Available, RBI reassures; urges Public to exercise Patience and Exchange Notes at ConvenienceNov 10, 2016 Payment Systems to remain open on Saturday, November 12 and Sunday, November 13, 2016Nov 09, 2016 Banks to remain open for public on Saturday, November 12 and Sunday, November 13, 2016Nov 08, 2016 RBI issues ₹ 500 banknotes inset letter ‘E’ in Mahatma Gandhi (New) SeriesNov 08, 2016 RBI issues ₹ 2000 Banknotes with inset letter ‘R’Nov 08, 2016 RBI issues ₹ 2000 BanknotesNov 08, 2016 Banks closed for public on November 9, 2016Nov 08, 2016 Withdrawal of Legal Tender Status for ₹ 500 and ₹ 1000 Notes: RBI NoticeData ReleasesFeb 03, 2017 Weekly Release of Electronic Payment Systems Data from RBIDec 21, 2016 Distribution of Banknotes during November 10 to December 19, 2016Dec 13, 2016 Shri R. Gandhi and Shri S. S. Mundra, RBI Deputy Governors brief Agencies on Currency Issues: Edited TranscriptDec 08, 2016 Activity at Banks during November 10 to December 7, 2016Dec 02, 2016 Daily Release of Electronic Payment Systems Data from RBINov 28, 2016 Activity at Banks during November 10-27, 2016Nov 21, 2016 Activity at Banks during November 10 to November 18, 2016FAQsApr 20, 2017 Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016Security Features of Mahatma Gandhi (New) Series₹ 2000₹ 500₹ 2000 and ₹ 500