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Indians stand in queue in front of Reserve Bank of India to exchange banned currency notes in Kolkata, India. (Photo: AP)

RBI makes U-turn, no Rs 5000 deposit limit for KYC account holders

Now, such deposits can be made by KYC compliant account holders, without questions being asked, said RBI.

21 Dec 2016 1:08 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Many banks refusing to take deposit over Rs 5,000 in old notes

Bankers are wary about accepting these deposits, fearing that they could be harassed by tax authorities later for...

21 Dec 2016 10:39 AM IST

Congress vice President Rahul Gandhi gestures to the crowd during the Jan Akrosh rally, in Jaunpur on Monday. (Photo: PTI)

RBI changing rules like PM changing clothes: Rahul

Mr Gandhi will be addressing a rally at Bahraich in poll-bound Uttar Pradesh on December 22 and at Almora in Uttarkhand...

21 Dec 2016 3:45 AM IST

Reserve Bank of India. (Photo: PTI)

RBI issues new Rs 50 and Rs 20 notes, old ones still valid

However, the old Rs 20 and Rs 50 notes will continue to be legal tender.

4 Dec 2016 5:16 PM IST

Delhi Chief Minister Arvind Kejriwal (Photo: AP)

PM calls himself fakir, but wears Rs 10 lakh suit, says Arvind...

Kejriwal accused Modi of killing institutions and said what the country has achieved in 65 years will be undone by him...

4 Dec 2016 2:18 AM IST

Reserve bank of India

Rate cut? RBI to present monetary policy next week

Hopes of a rate cut higher amid severe cash crunch due to anti-black money measure in force in country.

3 Dec 2016 12:22 PM IST

Old note will continue to be accepted for the other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses for purchase of bus tickets till December 15

Illegal transaction: 27 officials of PSU banks get suspended

Even revenue intelligence officials are visiting many banks secretly to unearth any illegal activity.

3 Dec 2016 6:44 AM IST

People queue up at an ATM to withdraw cash in New Delhi. (Photo: PTI)

Was this the best way towards a better India?

Banks ran out of cash even though the RBI had repeatedly said the system was geared up to meet the extra demand.

3 Dec 2016 3:26 AM IST

People line up to withdraw cash from an ATM on payday in Navi Mumbai. (Photo: PTI)

1.8 lakh ATMs reconfigured for new notes

As per the plan, all the ATMs should have been ready by yesterday.

2 Dec 2016 6:55 AM IST

Supporters of State Government Employees Federation stage protest against cash shortage outside the RBI office in the city on Thursday. (Photo: Abhijit Mukherjee)

Demonetisation: It's payday, but cash still out of reach

With most ATMs across the city either running dry or out of order , salaried persons and pensioners were greatly...

2 Dec 2016 4:05 AM IST

People stood in long queues outside banks, ATMs.

Payday becomes mayday, endless queues at ATMs

Long queues outside ATMs returned in the last two days as people rushed to withdraw money following payment of salaries.

2 Dec 2016 3:51 AM IST

Sources said RBI officials have assured the finance ministry that it has made ample preparations to deal with the payday rush.

Demonetisation: Banks brace for payday chaos

RBI trying to rush more cash; crunch likely to last 7-10 days.

1 Dec 2016 6:54 AM IST