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currency ban Photos
Last updated on Feb 8, 2017, 17.30
Cash withdrawal limits to go from March 13: ...
In the first phase, the withdrawal limit will be raised to Rs 50,000 from Rs 24,000 a week, effective February 20.
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Cash withdrawal limits to go from March 13: ...
The limits on cash withdrawals from savings bank account will be withdrawn completely from March 13. As of now, there is no lim ..
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Cash withdrawal limits to go from March 13: ...
In a move to curb the black money menace, PM Narendra Modi had declared old currency notes of Rs 1000 and Rs 500 denomination as illegal tender.
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Highlights from Arun Jaitley's speech
Large benefits of demonetisation are visible, what is in banks is identifiable impact on tax collection already visible.
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Highlights from Arun Jaitley's speech
More currency being re-circulated and ability of banks to lend has increased.
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Highlights from Arun Jaitley's speech
RBI has very large currency available; large part of currency replaced and more notes of Rs. 500 being released.
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Deposits in banks cross Rs 1.5 lakh crore
Crowds continued to throng bank branches on Sunday, the fifth day after demonetisation, but there were fewer customers waiting to exchange and deposit notes and a large number to withdraw funds. Card transactions at the PoS machines of a leading private bank faced problems even as more ATMs went live (at least for an hour) until cash ran out.
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Deposits in banks cross Rs 1.5 lakh crore
On Sunday, banks took measures to speed up cash transportation, giving more power to officials to improve availability of currency in branches. On Monday, banks will be closed in several states on account of Guru Nanak Jayanti. Cash deposits are expected to pick up next week with utilities ceasing to accept old high-denomination currency notes from November 14.
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Deposits in banks cross Rs 1.5 lakh crore
Against this, there had been withdrawals of Rs 7,705 crore in currency notes of Rs 100 and Rs 2,000 until Sunday.
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Deposits in banks cross Rs 1.5 lakh crore
The total cash deposited in banks since the announcement of the withdrawal of the old Rs 500 and Rs 1,000 notes has crossed Rs 1.5 lakh crore, according to estimates received from different banks. SBI received total cash deposits of Rs 75,945 crore and exchanged currency worth Rs 3,753 crore.
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Deposits in banks cross Rs 1.5 lakh crore
Branches in eight states - Gujarat, Madhya Pradesh, Chhattisgarh, Karnataka, Kerala, Tamil Nadu, Bihar, and Haryana - will be open for transactions on Monday.
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Deposits in banks cross Rs 1.5 lakh crore
Bankers said they had streamlined the queue system at their branches.
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Deposits in banks cross Rs 1.5 lakh crore
Most banks have started a token a system and separate queues for senior citizens.
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Deposits in banks cross Rs 1.5 lakh crore
"Branches have been strengthened with additional staff to efficiently handle the extraordinary crowd. The services of retired staff are also being utilised. Additional cash counters have been set up with separate counters for senior citizens. Shades/pandals have been placed outside branches and other amenities are provided to make the public more comfortable," said Canara Bank MD & CEO Rakesh Sharma.
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Currency ban: Long queues at banks, ATMs
People queue up outside a bank to exchange their old Rs 500 and 1000 notes in New Delhi.
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Currency ban: Long queues at banks, ATMs
People filling up forms at bank to exchange their old Rs 500 and 1000 notes in New Delhi.
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Currency ban: Long queues at banks, ATMs
People show their old Rs 500 and 1000 notes outside a bank in New Delhi.
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Currency ban: Long queues at banks, ATMs
People filling up forms at Dak Bhavan to exchange their old Rs 500 and 1000 notes in New Delhi.
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Currency ban: Long queues at banks, ATMs
A child with her father shows new Rs 2000 note after exchanging old Rs 500 and Rs 1000 notes in Chennai.
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Currency ban: Long queues at banks, ATMs
People exchange their old Rs 500 and 1000 notes at a SBI branch in New Delhi.
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Currency ban: Long queues at banks, ATMs
People filling up forms as they wait to exchange their old Rs 500 and 1000 notes at a bank in Lucknow.
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Currency ban: Long queues at banks, ATMs
Women filling forms for exchanging their old Rs 500 and Rs 1000 notes at a bank in Chennai.
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Currency ban: Long queues at banks, ATMs
People queue up outside a Sate bank of India branch to deposit the old Rs 500 and 1000 notes in Amritsar.
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Currency ban: Long queues at banks, ATMs
People wait outside a bank for exchanging their old Rs 500 and Rs 1000 notes in Chennai.
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Currency ban: Long queues at banks, ATMs
Women show their new Rs 2000 notes after exchanging their old Rs 500 and Rs 1000 notes at a bank in Chennai.
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Currency ban: Long queues at banks, ATMs
People queue up outside RBI to exchange their old Rs 500 and 1000 notes in Chennai.
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Currency ban: Long queues at banks, ATMs
People wait in queues in a bank to exchange their 500 and 1000 currency notes in Allahabad.
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Currency ban: Long queues at banks, ATMs
People standing in a long queue to exchange their old Rs 500 and 1000 notes in a bank in Jammu.
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Currency ban: Long queues at banks, ATMs
People waiting in long queues at State Bank of India for exchanging their old 1000 and 500 rupee notes in Patna.
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Currency ban: Long queues at banks, ATMs
People queue up outside RBI Regional headquarters to exchange their old Rs 500 and 1000 notes in Chennai.
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Currency ban: Long queues at banks, ATMs
People wait in queues at a bank to exchange their old Rs 500 and Rs 1000 notes in Moradabad.
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Currency ban: Long queues at banks, ATMs
People exchange their old 500 and 1000 rupee notes at a bank in Mirzapur.
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