sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Latest Circulars »
 RBI Announces OMO Purchase of Government of India Dated Securities Nov 13, 2018
 Directions under section 35A of the Banking Regulation Act, 1949 (AACS) - Sikar Urban Co-operative Bank Ltd; Sikar (Rajasthan)
 External Commercial Borrowings (ECB) Policy – Review of Minimum Average Maturity and Hedging Provisions
 RBI-Some Thoughts on Credit Risk and Bank Capital Regulation
 Partial Credit Enhancement to Bonds Issued by Non-Banking Financial Companies and Housing Finance Companies
 Alteration in the name of "Qatar National Bank SAQ" to "Qatar National Bank (Q.P.S.C.)" in the Second Schedule to the Reserve Bank of India Act, 1934
 RBI allows banks for fire audit of currency chests by approved agencies
 RBI launches Quarterly Order Books, Inventories and Capacity Utilisation Survey: July-September 2018 (Round 43)
  RBI-Fire Audit of Currency Chests - Clarification
 RBI-Auction for Sale (Issue/Re-issue) of Government Stock (GS) Oct 29, 2018
 RBI-Auction of Government of India Dated Securities October 29, 2018

Amendments to Reserve Bank of India (Note Refund) Rules, 2009
September, 10th 2018

RBI/2018-19/46
DCM (NE) No.657/08.07.18/2018-19

September 7, 2018

The Chairman and Managing Director /
The Managing Director/
The Chief Executive Officer
All Banks

Madam / Dear Sir,

Amendments to Reserve Bank of India (Note Refund) Rules, 2009

Please refer to the Reserve Bank of India (Note Refund) Rules, 2009 wherein all branches of banks have been delegated powers for exchange of mutilated / defective notes.

2. Reserve Bank of India has made amendments to the Reserve Bank of India (Note Refund) Rules, 2009 to enable the public to exchange mutilated notes in Mahatma Gandhi (New) series at bank branches and RBI offices, which are smaller in size compared to the earlier series. The Reserve Bank of India (Note Refund) Amendment Rules, 2018 have since been notified in the Gazette of India on September 6, 2018 (enclosed). These rules have come into force with immediate effect.

3. We further inform that there is a change in the minimum area of the single largest undivided piece of the note required for payment of full value for notes of rupees fifty and above denominations, which is detailed in the amendments.

Yours faithfully,

(Manas Ranjan Mohanty)
Chief General Manager

Encl. As above

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions