currency notes

Lack of cash due to currency ban is hitting the common man hard; we can already see long queues outside bank branches, fighting breaking out among cash-strapped citizens, who are waiting for hours to get Rs 100 notes for their day to…

Indian banks are right now overflowing with deposited cash from customers, after the demonetization drive initiated by the Govt. As per confirmed reports released by State Bank of India, approximate Rs 53,000 crore has been received by…

The day when Rs. 500 and Rs. 1000 notes got banned received a lot of mixed responses from the citizens of India. There were huge losers of money, but the biggest gainers were digital payment platforms like Paytm, FreeCharge and…

As banks reopened today after a gap of one day, people thronged their branches to replace their old currency notes with new ones. Long queues were witnessed outside every bank, as people starved of cash are depositing cash into their…

Banning of Rs 500 and Rs 1000 currency notes in India has been hailed as the biggest financial decision taken by 2.5 year old PM Modi. Overnight, entire economic spectrum of the country changed as Indian citizens and financial…

Narendra Modi, in one single 10 minute announcement, has ensured that all corrupt and anti-social elements in India using black money to further their cause,  get a heart attack – because all the money they are holding illegally is now…

This was supposed to be one of the biggest news for banking sector, financial institutions and the common man - because it involved India’s largest currency denomination, Rs 2000. Way back in 1938, and then again in 1954, then…

On the eve of Diwali, which is considered as the peak season for shopping by Indians, RBI has cautioned to examine Rs 500 and Rs 1000 currency notes before accepting them in a transaction. This advisory by RBI is deemed as crucial, as…

Next time you come across a ‘different looking’ 500-rupee note, don’t think you have been conned. The visually impaired have been struggling with notes of various denominations, as there is no other means for them to count money besides…

This news has been around since last 2 years (read below), however, banks have started implementing it across India with effect from 1st June, 2015. According to notice put up in State Bank of India, they will not accept any notes that…