RBI removes withdrawal limits on current accounts

RBI removes withdrawal limits on current accounts The Reserve Bank of India (RBI) removed cash withdrawal limits at ATMs from 1 February and on current accounts and overdraft accounts with

FAQ’s Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016

FAQ’s Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 1. What is Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 is a

RBI allowed eKYC to use OTP for account opening

Reserve Bank of India (RBI) has amended its know your customer (KYC) norms to allow banks to open new accounts using one time pins (OTPs) on mobile phones. This is

Over Rs. 4,27,000 Lacs Cr. issued to public either by Bank or through ATMs: RBI

Over Rs. 4,27,000 Lacs Cr. issued to public either by Bank or through ATMs: RBI Date : Dec 08, 20 Activity at Banks during November 10 to December 7, 2016

No tax on ancestral jewellery, purchase from disclosed income: CBDT

No tax on ancestral jewellery, purchase from disclosed income:CBDT Dispelling rumors that jewellery would be covered under the amended law, the Central Board of Direct Taxes (CBDT) said the government

Monthly Withdrawal Limit for PMJDY Account if KYC Rs. 10000 Non KYC 5000

After sudden increase in cash depoit in Jan -Dhan-accounts of poor persons amounting Rs. 73000 cr, RBI has fixed the withdrwal limit from such account. ? 5000/- per month for

FAQ’s on denominations of ? 500/- and ? 1000/- Updated as on 01.12.2016

FAQ’s on denominations of ? 500/- and ? 1000/- Updated as on 01.12.2016 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has

Over Rs. 8,00,000 cr. cash deposited or exchanged for 500- 1000 Rs. Notes:RBI

Withdrawal of Legal Tender status of banknotes of ? 500 and ? 1000: Activity at Banks during November 10-27, 2016 Consequent to the announcement of withdrawal of legal tender status

Withdrawal of cash from bank deposit accounts Relaxation: RBI

RBI/2016-17/163 DCM.No.1437/10.27.00/2016-17 November 28, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Cooperative Banks/

Banks to Report Cash Deposit from during 9th Nov’16 to 30th Dec’16 to Income tax

Banks to Report Cash Deposit from during 9th Nov’16 to 30th Dec’16 to Income tax : Fews days back we heard the statement form The Revenue Secretary “We would be getting