Tag Archives: Old Notes

NRIs, Indians Abroad to show Old Notes to Customs at Airport


The Finance Ministry today declared that the NRIs and Indian Nationals abroad can deposit up to Rs 25,000 of old Rs. 1000 and Rs. 500 notes, if they show the junked notes to Customs officials at the airport and get declaration form stamped. The Government has offered a grace period of three months for IndianContinue Reading…

RBI increases ATM withdrawal limit to Rs 4,500 per day

ATM withdrawal

In a big relief to common man, the Reserve Bank of India (RBI) increased ATM cash withdrawal limit to Rs 4,500 per day from the current Rs 2,500 with effect from 1 January 2017. However weekly withdrawal limit remains unchanged at Rs 24,000 for common man and Rs 50,000 for small traders. Friday was theContinue Reading…

Deadline to deposit junked Rs 500, Rs 1000 Notes ends today


The deadline to deposit the old Rs 500, 1,000 notes in banks comes to an end today. The Reserve Bank of India (RBI) on Friday notified the closure of the deposit and exchange of the demonetised Rs 500 and Rs 1,000 currency notes in banks. RBI has asked bank branches to deposit all old RsContinue Reading…

Government allows Farmers to buy Seeds with old Rs 500 Notes


In order to support farmers for the current Rabi crop, the Government has decided to allow farmers to purchase seeds with the old denomination bank notes of Rs.500. TheĀ farmers can use old notes at the Units or Outlets belonging to the Central or State Governments, Public Sector Undertakings, National or State Seeds Corporations and otherContinue Reading…

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