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All You wanted to know from RBI about: Withdrawal of Legal Tender Status of 500 and 1000 Notes
December, 01st 2016
All You wanted to know from RBI about: Withdrawal of Legal Tender Status of 500 and 1000 Notes
Notifications
Accounts under PMJDY - Precautions
Deposit of SBNs – Chest Balance Limit / Cash Holding Limit
Withdrawal of cash from bank deposit accounts - Relaxation
Chest Guarantee Scheme for SBNs – Additional Space
Chest Guarantee Scheme for SBNs - Facility at district level
Withdrawal of cash – Weekly limit of 24,000 to continue
Discontinuation of over the Counters Exchange of SBNs
Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel
Specified Bank Notes (SBNs) - Deposit under Guarantee Scheme to decongest the storage facilities at banks
Deposit of specified banknotes (SBN) in Small Savings Schemes
Special Measures to incentivise Electronic Payments – (i) Enhancement in Issuance Limits for PPIs in India (ii) Special measures for merchants
Cash Withdrawal for purpose of Celebration of Wedding – Modification
Making Cash available for Rabi Crop Season – Advisory to Banks
Fraudulent Practices
Revisions for Farmers/Traders registered with APMC/Mandis
Cash Withdrawal for Wedding
Relaxation in Prudential Norms
Cash Withdrawal Limit Facility for Overdraft/Cash Credit Accounts
Withdrawal Limits from ATMs unchanged
Cash Withdrawal at POS - Withdrawal Limits and Customer Fee/Charges - Relaxation
Limit for Exchange Over the Counters Revised
Daily Reporting by Banks
Compliance with Provisions of 114B of the Income Tax Rules, 1962
SOP for putting Indelible Ink on the Finger of the Customers coming to a Bank Branch for SBNs
Usage of ATMs – Waiver of Customer Charges
Expanding the Distribution Locations for Deposit and Withdrawal of Cash
Applicability of the Scheme to DCCBs
Revision in Limits for Cash
Reporting and Monitoring – Information on Issuance of Banknotes Over the Counters / ATMs
Issue of Pre-Paid Instruments to Foreign Tourists
Reporting and Monitoring
Relaxation for Government Departments
Limits for Banks, Post offices, Money Changers, White Label ATMs
Payment Systems to remain open on Saturday, November 12 and Sunday, November 13, 2016
RBI Instruction to Banks for Changes in ATM
Banks to remain open for Public on Saturday, November 12 and Sunday, November 13, 2016
Instructions to Authorised Persons
RBI Instructions to Banks
Closure of ATM Operations
Press Releases
Withdrawal of Legal Tender status of banknotes of 500 and 1000: Activity atBanks during November 10-27, 2016
Withdrawal of Legal Tender Status of 500 and 1000: Exchange Facility at RBI to continue
Exchange Facility – Reports of misuse – Caution to Public
Special measures to incentivise Electronic Payments
Activity at Banks during November 10 to November 18, 2016
Withdrawal limits and customer fee/charges for POS relaxed
Supply of Notes Sufficient; Do Not Panic or Hoard Currency: RBI reiterates
Withdrawal of Legal Tender Character of Specified Bank Notes: RBI asks Cooperative Banks to ensure Strict Compliance to its Instructions
Usage of ATMs – Waiver of customer charges
DCCBs can allow existing customers to withdraw upto 24,000 from their accounts : RBI
Constitution of Task Force for enabling dispensation of Mahatma Gandhi (New) Series Banknotes - Recalibration and reactivation of ATMs
Issue of 500 banknotes inset letter ‘L’ in Mahatma Gandhi (New) Series
Don't draw and hoard; enough cash in small denominations available at RBI and banks: RBI
Withdrawal of Legal Tender Character of 500 and 1,000: RBI Statement
Authorities are closely monitoring Information through Reports: RBI
Enough Cash is Available, RBI reassures; urges Public to exercise Patience and Exchange Notes at Convenience
Payment Systems to remain open on Saturday, November 12 and Sunday, November 13, 2016
Banks to remain open for public on Saturday, November 12 and Sunday, November 13, 2016
RBI Issues 500 banknotes inset letter ‘E’ in Mahatma Gandhi (New) Series
RBI issues 2000 Banknotes with inset letter ‘R’
Issue of 2000 Banknotes: RBI issues 2000 Banknotes
Banks closed for public on November 9, 2016
Withdrawal of Legal Tender Status for 500 and 1000 Notes: RBI Notice
FAQs
Withdrawal of Legal Tender Status of the existing Bank Notes in the denominations of 500/- and 1000/- Notes (Updated as on November 30, 2016)
Security Features of Mahatma Gandhi (New) Series
2000
500
2000 and 500

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