The Employees’ Enrolment Campaign, 2017 shall come into force on the 1st day of January, 2017 and shall cease to operate on the 31st day of March, 2017.
interest on various small savings schemes for the fourth quarter of financial year 2016-17 starting on 1st January, 2017 and ending on 31st March,2017,
Considering that the Bank is undertaking a comprehensive review of the guidelines and framework for Prepaid Payment Instruments (PPI) issuance in the country (refer Press release dated September 2, 2016), it has been decided to extend the measures notified in the above mentioned circular till the completion of review of the PPI guidelines.
Procedure for registration for statement of financial transactions (SFT) as per section 285BA of Income-tax Act 1961 read with Rule 114E of Income-tax Rules, 1962
President assents Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 to cancel legal tender character of old 500 & 1000 banknote
Procedure for registration and submission of Form V for Reporting under Pradhan Mantri Garib Kalyan Deposit Scheme (PMGK), 2016.
A citizen of India who makes a declaration that he was outside India between the 9th November, 2016 to 30th December, 2016 shall be entitled to tender old demonetised notes within the grace period with such declarations or statements, at such offices of the Reserve Bank or in such other manner as may be specified
Daily limit of withdrawal from ATMs increased with effect from January 01, 2017, from the existing ₹ 2500/- to ₹ 4500/- per day per card.
Note withdrawal is an effective Anti – Scam Vaccine introduced by Prime Minister to prevent scams taking place through Corruption and Black Money generation.
Remonetisation process has substantially advanced and what is significant is not a single incident of any form of unrest has been reported in country.
