Banking News Demonetization

Demonetization : Current Account Withdrawal Limit enhanced to Rs 50,000 Per Week

Indian Government has taken a lot of key decision including modification in existing guidelines drawn for demonetization of Rs 1000 and Rs 500 notes. The major decision which was taken by the government is to enhance the limit of withdrawal from current account to Rs 50,000 from existing Rs 20,000 per week. Government stated that […]

Banking News Demonetization

How Does New Rs 2000 Currency check Black money Transactions through Banks ?

Reserve Bank of India (RBI) on instruction of Government of India has demonetize the Old Rs 1000 and Rs 500 currency and declare it illegal or no value if transact other than the banking channel or through post offices or selected utilities outlet including hospitals , petrol pump, court etc till certain date which is […]

Banking News Demonetization

How To Exchange Banned Rs 500 & Rs 1000 Currency Notes ?

Government of India and Reserve Bank of India (RBI) has banned the existing Rs 500 and Rs 1000 notes from the circulation and transaction with immediate effect. Starting 09th Nov transaction in these two currencies are not valid as the legal tender of these two denomination of notes are stands invalid. Starting November 09th currency […]