Notes Ban Exemptions
- All
- News
-
Okay For PM's Office To Deny Info On Notes Ban, Says Transparency Chief
The Prime Minister's Office (PMO) was justified in denying information pertaining to the printing of currency notes post-demonetisation citing exemption clauses related to national and economic security in the RTI Act, Chief Information Commissioner RK Mathur has said.
-
Repeat Deposits Of Old Notes Raise Doubts: Arun Jaitley On Latest Rule Change
Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...
-
New Deposit Scheme Allows Old Notes Worth 5,000-Plus Only Once Till December 30
The government has in new restrictions said that deposits of more than 5,000 rupees in old 500 and 1,000-rupee notes can be made in a bank account only once from today till December 30, the deadline for depositing old notes. The Finance Ministry said any deposit of over Rs 5,000 will be subject to questioning by two bank officials, who have to be g...
-
Political Parties Can Turn In Old Notes Without Tax Scrutiny
The 500- and 1,000-rupee notes that were abolished last month can be deposited by political parties till December 30 in their bank accounts without having to pay any tax, said the Finance Ministry today.
-
Old 500-Rupee Notes Won't Be Accepted Anywhere But Banks From Friday
Old 500 rupee notes will not be accepted anywhere from Friday, the government has said. The notes can be deposited in banks till December 30.
-
After India's Cash Ban, Money-Laundering Networks Thrive: Foreign Media
Agents offering to launder money are using creative means, including flying banned cash by the planeload to northeastern states exempt from restrictions as well as connecting people to high-turnover businesses that can deem old cash as revenue, keep a portion of it, and return the rest, according to people involved in the networks. Premiums range f...
-
Opinion: Who Will Trust The RBI Or Government Now?
We're 16 days into Narendra Modi's grand demonetisation experiment, and almost everyone is utterly confused about what is legal and what is not. The government has come out with dozens of clarifications, extensions, exemptions and changes to the initial rules.
-
People In Delhi Queue Outside Petrol Pumps, Cooperative Stores To Use Old Notes
People in the national capital rushed to Metro and Railway booking counters, petrol pumps, Mother Dairy outlets and other cooperative stores as the exemption on use of old Rs 500 and Rs 1,000 notes at public utilities was to come to an end on Friday.
-
Where You Can Use Old 500-Rupee Notes Now
The government has stopped the exchange of old notes over the counter at banks from Friday. People will now have to deposit banned notes of Rs 500 and Rs 1,000 in their accounts and then withdraw new currency from ATMs or through cheques.
-
Use Of Old Notes At Petrol Pumps, Hospitals Ends Tonight. Some Extensions Likely
The government's concessions for accepting the now banned 500 and 1,000 rupee notes at petrol pumps, hospitals and several government facilities ends at midnight tonight, and sources said some exemptions will be extended in a calibrated manner.
-
Odisha Chief Minister Asks PM Modi To Exempt PAN Card Provision For Bank Deposits
Chief Minister Naveen Patnaik today asked Prime Minister Narendra Modi to exempt the provision of PAN Card number for people belonging to Scheduled Areas of Odisha for bank deposits beyond Rs 50,000.
-
Banks To Exchange Notes Only For Their Own Customers And Seniors Today
Banks today will only exchange old 500 and 1,000 rupee notes for their own customers, and not for people who hold accounts in other banks. Senior citizens are however exempt from this rule and they can go to any bank to exchange their old currency for new notes. On Sunday, banks will remain shut.
-
Demonetisation: IT Department Notices To Charitable, Religious Organisations
The Income Tax department has issued notices to hundreds of charitable and religious organisations in the country enjoying exemptions on tax paid to inform it about their cash balances as of November 8 when the government demonetised Rs 500 and Rs 1,000 currency notes.
-
Okay For PM's Office To Deny Info On Notes Ban, Says Transparency Chief
The Prime Minister's Office (PMO) was justified in denying information pertaining to the printing of currency notes post-demonetisation citing exemption clauses related to national and economic security in the RTI Act, Chief Information Commissioner RK Mathur has said.
-
Repeat Deposits Of Old Notes Raise Doubts: Arun Jaitley On Latest Rule Change
Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...
-
New Deposit Scheme Allows Old Notes Worth 5,000-Plus Only Once Till December 30
The government has in new restrictions said that deposits of more than 5,000 rupees in old 500 and 1,000-rupee notes can be made in a bank account only once from today till December 30, the deadline for depositing old notes. The Finance Ministry said any deposit of over Rs 5,000 will be subject to questioning by two bank officials, who have to be g...
-
Political Parties Can Turn In Old Notes Without Tax Scrutiny
The 500- and 1,000-rupee notes that were abolished last month can be deposited by political parties till December 30 in their bank accounts without having to pay any tax, said the Finance Ministry today.
-
Old 500-Rupee Notes Won't Be Accepted Anywhere But Banks From Friday
Old 500 rupee notes will not be accepted anywhere from Friday, the government has said. The notes can be deposited in banks till December 30.
-
After India's Cash Ban, Money-Laundering Networks Thrive: Foreign Media
Agents offering to launder money are using creative means, including flying banned cash by the planeload to northeastern states exempt from restrictions as well as connecting people to high-turnover businesses that can deem old cash as revenue, keep a portion of it, and return the rest, according to people involved in the networks. Premiums range f...
-
Opinion: Who Will Trust The RBI Or Government Now?
We're 16 days into Narendra Modi's grand demonetisation experiment, and almost everyone is utterly confused about what is legal and what is not. The government has come out with dozens of clarifications, extensions, exemptions and changes to the initial rules.
-
People In Delhi Queue Outside Petrol Pumps, Cooperative Stores To Use Old Notes
People in the national capital rushed to Metro and Railway booking counters, petrol pumps, Mother Dairy outlets and other cooperative stores as the exemption on use of old Rs 500 and Rs 1,000 notes at public utilities was to come to an end on Friday.
-
Where You Can Use Old 500-Rupee Notes Now
The government has stopped the exchange of old notes over the counter at banks from Friday. People will now have to deposit banned notes of Rs 500 and Rs 1,000 in their accounts and then withdraw new currency from ATMs or through cheques.
-
Use Of Old Notes At Petrol Pumps, Hospitals Ends Tonight. Some Extensions Likely
The government's concessions for accepting the now banned 500 and 1,000 rupee notes at petrol pumps, hospitals and several government facilities ends at midnight tonight, and sources said some exemptions will be extended in a calibrated manner.
-
Odisha Chief Minister Asks PM Modi To Exempt PAN Card Provision For Bank Deposits
Chief Minister Naveen Patnaik today asked Prime Minister Narendra Modi to exempt the provision of PAN Card number for people belonging to Scheduled Areas of Odisha for bank deposits beyond Rs 50,000.
-
Banks To Exchange Notes Only For Their Own Customers And Seniors Today
Banks today will only exchange old 500 and 1,000 rupee notes for their own customers, and not for people who hold accounts in other banks. Senior citizens are however exempt from this rule and they can go to any bank to exchange their old currency for new notes. On Sunday, banks will remain shut.
-
Demonetisation: IT Department Notices To Charitable, Religious Organisations
The Income Tax department has issued notices to hundreds of charitable and religious organisations in the country enjoying exemptions on tax paid to inform it about their cash balances as of November 8 when the government demonetised Rs 500 and Rs 1,000 currency notes.
