Withdrawal of Legal Tender from SBNs: RBI cautions against Information received on Unsecured/Unofficial Channels

Last updated: 01 December 2016

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In the wake of withdrawal of legal tender character from the Specified Bank Notes (SBNs), the Reserve Bank of India has, from time to time,been issuing instructions to the banks which are sent directly to banks through an officialmail. These are also placed on the Reserve Banks official website (https://www.rbi.org.in). It has been reported that certain guidelines/instructions purported to be issued by the Reserve Bank are being circulated in the social media by some unscrupulous elements

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Notification No : 2016-2017/1382

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CCI News Desk

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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