Search Result for : Currency Notes

PTI With banks struggling to cope with rush to get alternative currency, the government has extended the use of old defunct Rs.500 and Rs.1,000 notes for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores till November 24.While withdrawing Rs.500 and Rs.1,000 notes from the night of November 8-9, the government had allowed use of the old currency at government hospitals, railway ticketing, public transport, airline ticketing at airports, milk booths, crematoria/burial grounds and petrol pumps for 72 hours.This list was later expanded to include payments for metro rail tickets, highway and road toll, purchase of medicines on doctor prescription from the government and private pharmacies, LPG gas cylinders, railway catering, electricity and water bills and ASI monument entry ...

PTI The new hard-to-fake Rs 500 and Rs 2,000 currency notes will be available at bank ATMs when they start operating again from Friday, Finance Secretary Ashok Lavasa said on Wednesday."There are going to be some difficulties which they (people) will face but for their convenience, a number of steps have been taken by the government, there are facilities to withdraw money from ATM and exchange currency at banks, withdraw money from accounts," he said on government withdrawing Rs 500 and Rs 1,000 notes from circulation to crack down on black money and counterfeit currency.People, he said, do understand the objective behind the move. "And I'm sure they will cooperate in dealing with the difficulties and inconvenience that they might face. ...

The Dollar Business Bureau The PM in a bid to curb black money has declared that from midnight Rs 1000 and Rs 500 notes denomination will cease to be legal tender. In a televised address to the nation the PM said, " "You have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 & Rs 1000 in any Bank or Post office," PM Modi told the nation in a televised address.  People can deposit notes of #Rs1000 and #Rs500 in their banks from November 10 till December 30, 2016," he added.  ATM's all over the country will not function on 9th and 10th of November, 2016.    This is an unprecedented move by the Govt to curb the menace.    The PM said ...

Dated 23rd February, 2016 | Copy of | Notification Sl.44 | In exercise of the powers conferred by clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011 (11 of 2011), the Central Government hereby makes the following rules, namely:- 1. Short title and commencement.- (1) These rules may be called the Coinage of One Hundred Fifty Rupees and Five Rupees Coins to commemorate the occasion of 150th Anniversary of Allahabad High Court Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Denomination of coins.- The coins of the following denominations shall also be coined at the Mint for issue under the authority of the Central Government to commemorate the occasion ...