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Government extends existing exemptions with rergard to cancellation of the legal tender character of the existing series of high denomination bank notes of ₹ 500 and ₹ 1000 denominations until the expiry of 14th November 2016 with certain modifications / additions to the existing exemptions; Governments reassures that there is enough cash with RBI and Supply of cash to Bank branches and ATMs are being stepped up gradually

News and Press Release - Dated:- 12-11-2016 - While cancelling the legal tender character of the existing series of high denomination bank notes of ₹ 500 and ₹ 1,000 denominations w.e.f. the expiry of the 8th November, 2016, exemptions were allowed for certain transactions for the first 72 hours with a view to minimizing inconvenience to the public. Subsequently, based on feedback received from various quarters, certain more transactions were included for exemption. The Government ha .....

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