<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Instructions to Banks - Withdrawal of Legal Tender Character of existing 500/- and 1000/- Bank Notes</title>
    <link>https://www.taxtmi.com/news?id=16802</link>
    <description>Withdrawal of legal tender for specified high-denomination notes required banks to prioritise exchange/deposit services through branches until 30 December 2016, recall the notes from ATMs and service providers, suspend issuance, reconfigure cash machines, provide public information, equip counters for counterfeit detection, and submit returns and daily reports to Reserve Bank offices while observing procedural conditions for exchanges, KYC-linked deposit limits, third-party credits on authorisation, Business Correspondent limits, and temporary cash withdrawal and ATM dispensing ceilings.</description>
    <language>en-us</language>
    <pubDate>Wed, 09 Nov 2016 06:44:22 +0530</pubDate>
    <lastBuildDate>Wed, 09 Nov 2016 06:44:22 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=447136" rel="self" type="application/rss+xml"/>
    <item>
      <title>Instructions to Banks - Withdrawal of Legal Tender Character of existing 500/- and 1000/- Bank Notes</title>
      <link>https://www.taxtmi.com/news?id=16802</link>
      <description>Withdrawal of legal tender for specified high-denomination notes required banks to prioritise exchange/deposit services through branches until 30 December 2016, recall the notes from ATMs and service providers, suspend issuance, reconfigure cash machines, provide public information, equip counters for counterfeit detection, and submit returns and daily reports to Reserve Bank offices while observing procedural conditions for exchanges, KYC-linked deposit limits, third-party credits on authorisation, Business Correspondent limits, and temporary cash withdrawal and ATM dispensing ceilings.</description>
      <category>News</category>
      <law>-</law>
      <pubDate>Wed, 09 Nov 2016 06:44:22 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/news?id=16802</guid>
    </item>
  </channel>
</rss>