Home - Banking News - Demonetization

Demonetization

Demonetization and currency news from Indian Financial and Banking space. RBI, IBA and banking sector news updates.

Download Bank Clerk Overtime Salary Calculator with Claim Form – Demonetization Work

bank-overtime-calculator

Recent time was very tough for country and bankers specifically due to demonetization of Rs 500 and Rs 1000 currency by Reserve bank of India on consultation of Government of India. Notes were exchanged through the counter of banks on limited days. This sudden announcement has made the bank branches full of rush due to which timing of bank were ...

Read More »

Demonetization : Current Account Withdrawal Limit enhanced to Rs 50,000 Per Week

demonetization

Indian Government has taken a lot of key decision including modification in existing guidelines drawn for demonetization of Rs 1000 and Rs 500 notes. The major decision which was taken by the government is to enhance the limit of withdrawal from current account to Rs 50,000 from existing Rs 20,000 per week. Government stated that “Considering the cash availability, (for) ...

Read More »

How Micro ATM Ease the Demonetization Chaos ?

micro atm

After Demonetization of higher denomination notes of Rs 1000 and Rs 500, people are having no choice other than exchanging the old series notes with new one. Due to limitation on withdrawal and long queue outside the bank and post offices, there are many who could not be able to withdraw the money for their daily expenses also. In order ...

Read More »

How Does New Rs 2000 Currency check Black money Transactions through Banks ?

curb on black money

Reserve Bank of India (RBI) on instruction of Government of India has demonetize the Old Rs 1000 and Rs 500 currency and declare it illegal or no value if transact other than the banking channel or through post offices or selected utilities outlet including hospitals , petrol pump, court etc till certain date which is currently extended to 24th November. ...

Read More »

Now Your Bank Note of Rs 500 in a New Design

New Rs 500 notes

How does your new Rs 500 bank note look alike ? RBI issues Rs 500 notes in a new series. The new RBI notes are different from the present series in many ways including colour, size, location of security features and design elements. Check out the main features of new Rs 500 notes Size of new Rs 500 notes is ...

Read More »

How To Exchange Banned Rs 500 & Rs 1000 Currency Notes ?

Rs 500 notes Ban

Government of India and Reserve Bank of India (RBI) has banned the existing Rs 500 and Rs 1000 notes from the circulation and transaction with immediate effect. Starting 09th Nov transaction in these two currencies are not valid as the legal tender of these two denomination of notes are stands invalid. Starting November 09th currency of Rs 500 and Rs ...

Read More »