Reserve Bank of India Archives

RBI: Cash withdrawals limit from Savings Bank accounts will be Rs. 50,000 per week

February 8, 2017 NewsTaxIndia0 comments856 views

The Reserve Bank of India vide its Notification dated February 08, 2017 has announced for Removal of Cash withdrawals limit from Saving Bank Accounts. In the said notification it is said that on a review of the pace of remonetisation, Reserve Bank partially restored status … Continue Reading →

RBI

Withdrawal of Legal Tender Character of existing INR 500 and INR 1000 Bank Notes

November 9, 2016 NewsTaxIndia0 comments1164 views

Withdrawal of Legal Tender Character of existing INR 500 and INR 1000 Bank Notes RBI/2016-17/112 DCM (Plg) No.1226/10.27.00/2016-17 November 08, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ … Continue Reading →

RBI

RBI Cancels Certificate of Registration of 10 NBFCs

October 27, 2016 NewsTaxIndia0 comments660 views

RBI cancels Certificate of Registration of 10 NBFCs Press Release : 2016-2017/1038 http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=38416 The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following three non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of … Continue Reading →

RBI

RBI has Issued New Currency Note of Rupees 20 with ‘R’ inset letter

October 24, 2016 NewsTaxIndia0 comments1415 views

The Reserve Bank of India will shortly issue Rs. 20 denomination banknotes in the Mahatma Gandhi Series-2005, with the inset letter ‘L’ in both the number panels, bearing signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India and the year of printing ‘2016’ … Continue Reading →

Personal Finance

Sovereign Gold Bond Scheme 2016-17 Series III

October 21, 2016 NewsTaxIndia0 comments1345 views

Sovereign Gold Bond Scheme 2016 -17 – Series III – Issue Price: The issue price has been fixed at Rs. 2957/- (Rupees Two Thousand Nine Hundred Fifty Seven only) per gram of gold. RBI Press Release: 2016-2017/999 The Reserve Bank of India, in consultation with Government of … Continue Reading →

Personal Finance

Sovereign Gold Bond Scheme 2016-17 Series III

October 21, 2016 NewsTaxIndia0 comments1244 views

RBI

RBI Guidelines on Foreign investment in Other Financial Services

October 20, 2016 NewsTaxIndia0 comments687 views

RBI Guidelines on Foreign Investment in Other Financial Services RBI/2016-17/90 A.P. (DIR Series) Circular No. 8 October 20, 2016 Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a … Continue Reading →

RBI

RBI Guidelines on Foreign investment in Other Financial Services

October 20, 2016 NewsTaxIndia0 comments783 views