Demonetisation: Banks gear up for rush on pay day as ATMs run dry
November 30, 2016 22:11 ISTQueues got longer on Wednesday as people in large numbers gathered at banks to withdraw salaries.
Queues got longer on Wednesday as people in large numbers gathered at banks to withdraw salaries.
RBI today permitted banks to include now defunct Rs 500 and 1,000 notes as part of their cash balance.
Banks have received Rs 5.44 lakh crore worth of old high denomination currency, Rs 33,006 crore of which was exchanged with valid notes, the Reserve Bank of India informed today.
India's central banking institution Reserve Bank of India (RBI) has proposed opening of "Islamic window" in ordinary banks for "gradual" introduction of Sharia-compliant or interest-free banking in the nation. Both the Centre and RBI are
Several banks in different parts of the country are disbursing Rs 100 notes after spraying perfume and insecticides as they have been receiving soiled notes that were suppose to be dumped after being taken out
Amidst the scramble for money across the country, the Reserve Bank of India (RBI), Bhubaneswar, on Wednesday said that the new Rs. 500 notes will be available from November 17, 2016 crosswise over Odisha. “We
The operations of scrapping of 500 and 1000 rupee notes will end on December 30, but the government will continue to monitor your bank accounts for large cash transactions and beyond that. The government has
As the long queues outside the banks continue to stay thick, two leading bank unions today criticised the government over demonetisation of Rs 500 and Rs 1,000 notes, saying the move has led to financial chaos across the country.
The impact of the government’s November 8 move to demonetise 500, 1000-rupee notes is evident from the fact that the total cash deposited in banks within five days of the announcement has crossed Rs 1.5 lakh crore.
Banks will be closed today on occasion of Gurupurab in Northern India including key cities like Delhi and Mumbai.
In what may come as a relief for people post the demonetisation move, the new Rs 500 notes were issued by the government on Sunday. The Currency Note Press (CNP), Nashik, has already dispatched new
Important stories of the day
As people stood in long queues outside banks today for exchanging their Rs 500 and Rs 1000 currency notes, the fast food giant Pizza Hut offered them free pizzas and slices with a glass of
In a move that should come as a relief to people left scrambling following the government’s decision to scrap high-denomination notes of Rs 500 and Rs 1000, starting November 11, ATMs in the country will
Important stories of the day
Banks in the country will remain open for public transactions on Saturday and Sunday, the RBI said today.
A day after scrapping Rs 500 and Rs 1,000 currency notes, the government today announced that the new hard-to-fake Rs 500 and Rs 2,000 currency notes will be available at bank ATMs when they start
After burning down at least 20 schools in the Valley in the past three-and-a-half months, the Lashkar-e-Taiba has now threatened banks in Kashmir.
After the security breach of around six lakh debit cards, the nation's largest lender State Bank of India (SBI) has advised its customers to make use of the bank’s own ATM network instead of other
In biggest ever security breach of over 32 lakh debit cards of various banks, several banks have recalled a large number of cards while others such as, HDFC Bank, have urged customers to change their
Top News
Latest News
