Fema / RBI - Page 20

Cash deposit in excess of Rs. 5000- RBI removes restrictions

RBI/2016-17/191 DCM (Plg) No. 1911/10.27.00/2016-17 (21/12/2016)

RBI has removed following conditions on deposit of cash in demonetised Old Notes of Rs. 500 and Rs. 1000 in bank account, which has been put by its Circular dated 19.12.2016...

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Post demonetisation banks issued banknotes worth Rs. 5,92,613 crore

Press Release : 2016-2017/1602 (21/12/2016)

Over the period from November 10, 2016 upto December 19, 2016, banks have reported that banknotes worth ₹ 5,92,613 crore have been issued to public either over the counter or through ATMs....

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No instruction by RBI to issue ATM Slip in Regional Languages

Whether the Government has issued any instructions to Public Sector Banks (PSBs) to provide ATM transaction slips in regional languages...

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Posted Under: Fema / RBI |

RBI restriction on cash deposit of more than Rs. 5000 in a Bank Account

RBI/2016-17/189 DCM (Plg) No. 1859/10.27.00/2016-17 (19/12/2016)

Tenders of old notes of Rs. 500 and 1000 in excess of ₹ 5000 into a bank account will be received for credit only once during remaining period till December 30, 2016....

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Govt Restricts deposit of old Rs. 500 and 1000 notes in Bank Account

S.O. 4086(E) (17/12/2016)

Old notes can be deposited in an account only once now: No direct credit of amount in excess of Rs. 5000 deposited in account: ...

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Focus now on printing more Rs. 500 notes- Secretary DEA

Secretary Economic Affairs, Government of India briefing the media about Demonetisation related issues and the US Fed rate hike, in North Block on 16.12.2016 has said the following- Printing of new Rs 500 notes has been stepped up: Shaktikanta Das US Fed Rate Hike factored in, markets will remain stable. it’s the first time new [&he...

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RBI regulations on treatment of certain balance sheet items

Treatment of revaluation reserves:- Revaluation reserves arising out of change in the carrying amount of a bank’s property consequent upon its revaluation...

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Measures by RBI absorb excess liquidity in banks post demonetisation

Post demonetisation RBI introduced incremental CRR of 100% on deposits collected between September 16 and November 11 2016 to absorb excess liquidity in banks...

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Posted Under: Fema / RBI |

Demonitization- Benefits, Higher withdrawal limits & steps by RBI to ease problems

After Demonetization, certain depositors are hesitating to deposit their monies into bank accounts in view of the current limits on cash withdrawals from accounts....

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21 FAQs on Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016

Articles answers 21 FAQs on Pradhan Mantri Garib Kalyan Deposit Scheme 2016 for declarant under Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016...

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Posted Under: Fema / RBI |
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Latest RBI / FEMA News

Check out all the latest news on RBI together with all the important RBI notifications, RBI circulars, RBI rates including top stories on FEMA Act and FEMA Regulations only at Taxguru.com

The RBI (Reserve Bank of India) is India’s Apex bank which governs the banking regulations in the country and controls all the monetary policies of the country. It began its operations 1st of April 1935 at the time of British Rule as per the provisions laid down in the Reserve Bank of India Act, 1934. After India’s independence on 15th August 1947, the Reserve Bank of India was nationalized on 1st January 1949.

Reserve Bank of India is an independent monetary authority that regulates banks and offers important financial services such as controlling inflation, maintaining foreign exchange reserves, and providing monetary policy report. It plays a significant role in developing strategies of the Indian Government.

The FEMA Act (Foreign Exchange Management Act) is an Act constituted by the Indian Parliament for consolidating and amending the law related to foreign exchange for facilitating the external trade and payments and also for encouraging orderly maintenance and development of foreign exchange market in the country. This act was passed in the year 1999 during the winter session which replaced the previous Foreign Exchange Regulation Act (FERA). The FEMA Regulations makes offenses with respect to foreign exchange civil offenses.This Act extends and is applicable for the entire nation. FEMA Act allowed a new regime for foreign exchange management that is consistent with the World Trade Organization’s emerging framework.

At Taxguru, we provide you with all the RBI latest news, RBI circulars, RBI notifications and all the updates with respect to FEMA Act and FEMA regulations. We keep you posted with all the latest updates on RBI rates and RBI rate charts. At Taxguru, our team ensures we publish all the latest RBI news. Bookmark us to get all the latest news on RBI and FEMA.

 

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