Rs 500 And Rs 1

Deposits in Jan Dhan account have more than doubled to Rs 87,000 crore in 45 days post demonetisation, prompting the tax department to "dissect" information relating to such deposits, a top government official said.

Jan Dhan account holders withdrew Rs 3,285 cr in last fortnight

Jan Dhan accounts witnessed net withdrawal of Rs 3,285 crore in the last fortnight after a huge surge in deposits post demonetisation in November.

PM Modi to address nation on new year's eve

Modi last addressed the nation on November 8 to announce demonetisation of old Rs 500 and Rs 1,000 notes to root out corruption and black money from the country.

Demonetisation to have transformative effect on economy: Patel

"The withdrawal of specified bank notes will impart far reaching changes going forward. It is expected to significantly transform the domestic economy," Patel said in his foreword to the half-yearly Financial Stability Report.

No regulatory obstacles for NRIs depositing banned notes: Bank

The banking authority's chief stressed the issue was a matter for the Indian government, who must give consent for such action to ease the "potential ramifications for British Indians and Non-Resident Indians in UK".

For cashless economy, UPI needs an Aakash-like touch

Unified Payments Interface is key to Digital India mission and the government should look to ensure that each household has a smartphone. It may choose to tie-up with handset-makers — just like it did for Aakash tablet — to develop a cost-effective smartphone meant for digital transactions.

Banned currency to be accepted at co-op societies, milk booths

Consumer cooperative societies, milk booths, petrol and diesel sales outlets of public sector oil marketing companies and government hospitals will accept the banned currency notes of Rs 500 and Rs 1,000 till midnight of November 24.

Recalibrating ATMs to new currency notes will take 2-3 weeks: FM

More than Rs 2 lakh crore deposits mobilised in last two days; RBI currency chests have sufficient cash, Finance Minister Arun Jaitley said on Saturday.

PM hints at more action to unearth black money

Hinting at more action to unearth black money, Prime Minister Narendra Modi On Saturday said those holding unaccounted money will not be spared and there is no "guarantee" that no further steps would be taken after December 30 till when people can deposit the demonetised notes.

Demonetisation: Axis says debit card usage jumps 35%

Following the withdrawal of Rs 500 and Rs 1,000 banknotes, private sector lender Axis Bank today said it has witnessed a 35 percent jump in usage of debit cards at merchant establishments.

People throng ATMs post demonetisation announcement

Minutes after Prime Minister Narendra Modi announced the decision to ban Rs 500 and Rs 1,000 currency notes from midnight, people rushed to their nearest ATMs to withdraw Rs 100 notes to meet their daily expenses.