In one of its reports, the Reserve Bank of India, on Wednesday revealed the demonetisation data that stated that 6.7 billion pieces of Rs 1000 notes, 89 million pieces didn’t come back. The apex bank added that 7.62 lakh pieces of counterfeit currency notes were detected in the financial year[Read More…]
Tag: Old notes
Deadline for returning old notes could be extended
Rs 10,000 fine for holding onto old notes
Holding more than 10 demonetised notes of Rs 500 or Rs 1000 will now be punishable with a minimum of Rs 10,000 fine, the government has said on Thursday. This comes a day after after the initial ruling had said that there would be a fine of Rs 50,000 and 4 years[Read More…]
Old notes of Rs 500 and Rs 1000 will fetch you Rs 550 and Rs 1,100 in Kolkata
At a time when people are facing problems across the country due to note ban, the banned currencies are selling at a premium in the serpentine bylanes of trading hub Burrabazar at central Kolkata. As per reports in TOI, Old notes of Rs 500 and Rs 1000 will fetch you[Read More…]
RBI imposes fresh curbs on deposits of old notes over ₹5,000
The Reserve Bank of India (RBI) on Monday imposed new restrictions on the deposits of old ₹500 and ₹1,000 notes into the bank accounts. According to the RBI, the old notes above ₹5,000 can be deposited only once till December 30, 2016 – the deadline to deposit scrapped notes that[Read More…]
Deposits of old notes over ₹5,000 can be made only once till Dec 30: Report
Ever since the demonetization move was announced by the government on November 8, the government is keep announcing new rules and restriction almost every day. And now, as just couples of weeks are left for the deadline to deposit the old notes, the government has announced fresh restrictions on deposits[Read More…]