Others Notification & Circulars

Making cash available for Rabi Crop Season – Advisory to banks

Notification No#1345/10.27.00/2016-17 22 November 2016

RBI/2016-17/148 DCM (Plg) No.1345/10.27.00/2016-17 November 22, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks Dear ..

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Special measures to incentivise Electronic Payments

Notification No#2016-2017/1282 22 November 2016

In order to meet the transactional needs of the public through digital means, the Reserve Bank has introduced additional measures by way of special dispensation for small merchants and enhancement in limits for semi-closed Prepaid Payment Instruments (PPIs). A special dispensation has n..

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Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- Exchange Facility – Reports of misuse – Caution to Public

Notification No#2016-2017/1283 22 November 2016

The facility for public to exchange the specified bank notes (old notes in ₹ 500 and ₹ 1000) for legal tender notes and allowing them to deposit into bank accounts in unlimited amounts is provided to enable members of the public in possession of these notes as on the date of the announcement to secu..

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Special measures to incentivise Electronic Payments – (i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India (ii) Special measures for merchants

Notification No#1288/02.14.006/2016-17 22 November 2016

RBI/2016-17/150 DPSS.CO.PD.No.1288/02.14.006/2016-17 November 22, 2016 All Prepaid Payment Instrument Issuers, System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Dear Madam / Sir, Special measures to incenti..

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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Fraudulent Practices

Notification No#1341/10.27.00/2016-17 22 November 2016

RBI/2016-17/147 DCM (Plg) No.1341/10.27.00/2016-17 November 22, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks Dear ..

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Quarterly BSR-1: Outstanding Credit of Scheduled Commercial Banks for June 2016

Notification No#2016-2017/1277 22 November 2016

The Reserve Bank of India today released its web publication ‘Quarterly BSR-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), June 2016’. The BSR-1 survey aims to get information regarding spatial distribution of banks credit based on the details, such as, occupation/activity a..

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Addendum to OM dated 18th November, 2016 on the subject cancellation of legal tender character of high denomination bank notes

Notification No#10/3/2016-Cy.I 21 November 2016

F. No. 10/3/2016-Cy.I Government of India Ministry of Finance Department of Economic Affairs North Block, New Delhi Dated: 21st November, 2016 OFFICE MEMORANDUM Subject : Addendum to OM dated 18h November, 2016 on the subject “Cancellation of legal ..

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FAQs on Withdrawal of Legal Tender Status of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 21, 2016)

Notification No#21.11.16 21 November 2016

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 has been copied. The fake notes are used for antinational and illegal activities...

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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding

Notification No#1320/10.27.00/2016-17 21 November 2016

RBI/2016-17/145 DCM (Plg) No.1320/10.27.00/2016-17 November 21, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks..

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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Revisions

Notification No#1323/10.27.00/2016-17 21 November 2016

RBI/2016-17/146 DCM (Plg) No.1323/10.27.00/2016-17 November 21, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks..

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