image

Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Daily Reporting

RBI/2016-17/136
DCM (Plg) No.1291/10.27.00/2016-17

November 16, 2016

The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks

Dear Sir

Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Daily Reporting

Please refer to Para (4) of DCM, CO circular DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 on the captioned subject advising the banks to send daily report to RBI with details of Specified Bank Notes (SBNs). It has been observed that the banks are sending the reports with significant delay causing severe inconvenience in collation and consolidation of data at RBI.

2. The banks are, therefore, advised to send daily data in Annex 6A before 2300 hrs everyday by email to RBI, DCM, CO.

Yours faithfully,

(Suman Ray)
General Manager

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Recent Articles

Recent Legal updates