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Daily Archives: November 9, 2016

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Banks remain open on this Saturday and Sunday

Bank NewsBy Surendra NaikNovember 9, 2016

BANKS REMAIN OPEN ON SATURDAY AND SUNDAY In order to meet expected a huge rush for the exchange of old Rs.500 and Rs.1000 notes, RBI has announced that all the banks remain open on November 12th (Saturday) and 13th (Sunday) to help the public wanting to change the notes.

RBI press release dated 08.11.2016 (withdrawal of ₹ 500 and ₹ 1,000 denominations of banknotes)

Bank NewsBy Surendra NaikNovember 9, 2016

Government of India vide their Notification dated November 8, 2016 have withdrawn the Legal Tender status of ₹ 500 and ₹ 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the Reserve Bank till 8th November 2016. The communique states that the above step was necessitated to tackle counterfeiting Indian banknotes, to effectively…

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