RBI circular to banks for withdrawal of legal tender of Rs 500 and 1000



RBI/2016-17/112 DCM (Plg) No.1226/10.27.00/2016-17 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Bank Notes In terms of Gazette Notification No 2652 dated November 08, 2016 issued by Government of India, Rs.500 and Rs.1000 denominations of Bank Notes of the exi
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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