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
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.