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RBI goes for security upgrade for note storage, transportation

RBI goes for security upgrade for note storage, transportation

In view of heightened threat perception, the Reserve Bank of India has initiated an exercise to upgrade measures for secured storage and movement of currency at over 4,000 chests across the country.

Hyderabad: 16-member gang arrested for exchanging old currency

Hyderabad: 16-member gang arrested for exchanging old currency

A sixteen member gang was arrested on Tuesday for trying to exchange old currency to new denominations.

I-T to go easy on up to Rs 5 lakh deposits by 70-plus people

I-T to go easy on up to Rs 5 lakh deposits by 70-plus people

The income tax department will be going easy for cash deposits up to Rs 5 lakh made by 70-plus people. This means no further verification will be required in such case.

Currency in surplus, ATMs being monitored daily: Jaitley

Currency in surplus, ATMs being monitored daily: Jaitley

Finance Minister Arun Jaitley on Wednesday said the currency is in surplus and the ministry is monitoring status of ATMs onm a daily basis to sort out operational issues.

Bank deposits up 0.64% in January 6 fortnight

Bank deposits up 0.64% in January 6 fortnight

According to the data released by the Reserve Bank of India, deposits in banks jumped by 0.64 percent in the fortnight to January 6 after falling in the previous 14 days.

Govt respects RBI's autonomy and independence: Finance Ministry

Govt respects RBI's autonomy and independence: Finance Ministry

A day after the employee unions of the Reserve Bank of India expressed their resentment against alleged interference of the government in the central bank`s affairs, the Finance Ministry on Saturday said that it fully respects its autonomy.

Cash withdrawal limit from ATMs increased to Rs 4,500 from Rs 2,500, effective Jan 1

Cash withdrawal limit from ATMs increased to Rs 4,500 from Rs 2,500, effective Jan 1

Cash withdrawal limit from ATMs increased to Rs 4,500 from Rs 2,500, effective January 1

Entire currency in circulation from December 31 legitimate: Arun Jaitley

Entire currency in circulation from December 31 legitimate: Arun Jaitley

Union Finance Minister Arun Jaitley said that from Saturday onwards, the entire currency in circulation will be legitimate, Friday being the last day to deposit the demonetised Rs 500 and Rs 1,000 notes in banks.
 

Demonetisation: Focus now on printing more new Rs 500 notes, says govt

Demonetisation: Focus now on printing more new Rs 500 notes, says govt

The Reserve Bank of India has infused more than Rs 5 trillion (USD 73.66 billion) of currency notes into the banking system since Nov 8.

CREDIT POLICY | No shortage of currency supply from RBI : Urjit Patel

RBI governor Urjit Patel during his address of credit policy said that there is no shortage of currency supply from RBI. Watch the full segment for more details.

Note ban: Some disruption is bound to be created but long term advantages are huge, says Jaitley

Note ban: Some disruption is bound to be created but long term advantages are huge, says Jaitley

Some disruption is bound to be created due to demonetisation but long term advantages are huge, Finance Minister Arun Jaitley said on Friday.

How can you participate in PM Narendra Modi's survey on demonetisation – Know here

How can you participate in PM Narendra Modi's survey on demonetisation – Know here

In a bid to take part in the demonetisation survey and answer 10 questions posed by the PM, download the Narendra Modi App. 

 

 Stocks may see volatile trading session, demonetisation to hog limelight: Experts

Stocks may see volatile trading session, demonetisation to hog limelight: Experts

Markets may see volatile trading sessions this week amid derivatives expiry, while currency demonetisation and Parliament proceedings would continue to impact sentiment, say experts.

Govt to now demonetise Rs 100/Rs 50 notes, seal bank lockers and freeze jewellery? Know the truth

Govt to now demonetise Rs 100/Rs 50 notes, seal bank lockers and freeze jewellery? Know the truth

The Narendra Modi government is trying hard to dispel myths.

Demonetisation: Railways to accept Rs 500 and Rs 1000 notes till Nov 24

Demonetisation: Railways to accept Rs 500 and Rs 1000 notes till Nov 24

Railways on Monday extended the use of defunct Rs 500 and Rs 1000 currency notes, which have been demonetised by the Modi government, to purchase tickets and for onboard catering till November 24.

Govt looking into sudden 'propping up' of money in Jan Dhan account deposits

Govt looking into sudden 'propping up' of money in Jan Dhan account deposits

Government is looking into sudden 'propping up' of money into zero-balance Jan Dhan accounts, after an unprecedented Rs 2 lakh crore of cash flooded the banking system within just two days of demonetisation of high value currency.

Currency printing presses running at full capacity to sustain demand: RBI

Currency printing presses running at full capacity to sustain demand: RBI

Currency printing presses are running at "full capacity" to sustain demand for new notes, RBI said on Saturday, while asking people to switch to other modes of payment such as debit and credit cards to reduce strain on bank branches.

AIIMS to exempt OPD and clinical charges for two days - Read why

AIIMS to exempt OPD and clinical charges for two days - Read why

PM Narendra Modi had on Tuesday announced that hospitals, railway, bus and airlines ticket counters will continue to accept Rs 500 and Rs 1,000 notes for the next 72 hours.

Burnt currency notes found in Uttar Pradesh town

Prime Minister Narendra Modi on Tuesday evening announced demonetisation of Rs 500 and Rs 1,000 denomination currency notes