RBI going to Release New 5 Rupees and 10 Rupees Coins.

On The occasion 125^th Anniversary of National Archives of India RBI is going to Release New Ten Rupee Coins with National Archives of India Bhavan and “125 years” printed on the Backside of coins. And on the occasion of 150^th Anniversary of Allahabad High court new 5 rupee coins will be released as well, these 5 rupee coins will have Allahabad high court building model and 1866-2016 will be printed under it on backside as well.

As these are yet to be released the old 5 rupee and 10 rupee coins will be still valid and will be accepted.

RBI Removes Cash withdrawal limits starts from February 1st, 2017

The Reserve Bank o INDIA confirms that there will be no Limits on Cash Withdrawals from February 1^st 2017. All limits on current and overdraft stand withdrawn with immediate effect, the central bank said.

 Restrictions over on withdrawal of 24,000 a week from savings bank account will continue for now.    

Central Government to clear all Limits on ATM Withdrawals.

After facing many problems because of demonetization Central Government thinking to clear the entire limits, limits which were issued while ATM withdrawal. Central Government started this process and limit clearance  may clear by next month February.

Maharashtra Bank Executive Director RK Gupta said Limits  clearance may start from February after completing all the process , RK Gupta also said that this decision will be based on RBI. SBI announced by next month of February 77-88 % Money banking will increase, by this March business ending year all the situations will be in control         

Now its time to end Two thousand Rupees Notes

Now its time to end Two thousand Rupees Notes signals given by Thomas. Essay writing Competition was held at tiruchary in Tamilnadu State General Secretary Shri Thomas Franco Rajendra Dev attended to the competition and he said that because of demonetization people faced many problems according to BOSTON PRIVATE SURVEY REPORT Government stepped towards demonetization, because of demonetization 25% people lost their employment. He said that by March 31^st March 2000 rs currency notes “may” be banned.