All India Bank Strike on 22/8/2017

All India Bank Strike on 22/8/2017 :

UFBU has called all India Bank Strike on 22nd August 2017. A meeting of UFBU was held at Mumbai on 28th June 2017 to discuss and decide on the further course of action on the present moves of the Government against the Public Sector Banks and also the wage revision issues

Scribbled Indian Currency Notes – Valid or Not ?

Writing in currency notes makes them invalid denomination and they are not accepted in banks – these are the various rumours going on in social media like facebook & whatsapp.

Is Scribbling makes them Invalid ?
NO , writing /scribbling does’t make an indian currency invalid.

RBI has already given a statement denying such rumours. part of Clean Notes Policy ,RBI request not to write anything in rupee notes , not to staple them inorder to increase the lifetime of currency notes.

All India Bank Strike on 28th February (28.02.2017)

All India Bank Strike on 28th February (28.02.2017):
Around 10 lakh bank employees will go on a countrywide strike on February 28 to protest against the government policies on demonetization, financial reforms and labour laws. The employees have also sought compensation for working extra hours and on Sundays and holidays following the implementation of demonetization.

Bank employees want five-day banking to be introduced. They have also sought the removal of the gratuity ceiling under Payment of Gratuity Act, 1972, and want total exemption from income tax on gratuity and leave encashment on retirement. ( Source: TOI)

Track NEFT/RTGS Transaction : Check Your Status

Is there any way that a remitting customer can track the remittance transaction?

Track NEFT/RTGS Transaction : Check Your Status, It would depend on the arrangement between the remitting customer and the remitting bank. Some banks with internet banking facility provide this service. Once the funds are credited to the account of the beneficiary bank, the remitting customer gets a confirmation from his bank either by an e-mail or SMS. Customer may also contact RTGS / NEFT Customer Facilitation Centres of the banks, for tracking a transaction.


Transaction Timings NEFT RTGS IMPS
Monday to Saturday
(Except 2nd and 4th Saturday)
8:00 AM
to 6:30 PM
8:00 AM
to 4:30 PM

Methods to Exchange Your 500 & 1000 Rupee Notes

Earlier Prime Minster, Narendra Modi announced that the Rs 500 and Rs 1,000 notes will be pulled out of circulation from the midnight of November 8th onwards.



How can i Exchange my 500 & 1000 Rupee Notes?


From November 10 till December 30 you can deposit the old notes at your nearest bank or post office accounts without any limit. But withdrawals from banks are capped at Rs 10,000 per day and Rs 20,000 per week. This limit will be increased in the coming days.
You can also exchange Rs 500 and Rs 1000 notes for lower denomination at banks, head post offices and sub-post offices. However, the exchange limit has been capped at Rs 4,000, and you can exchange till November 24. One must produce a valid government identity cards like PAN, Aadhaar and Election Card.
Banks will remain closed on November 9 allowing them time to cope with the new directive.
There is no restriction of any kind on non-cash payments by cheques, DDs, debit or credit cards and electronic fund transfer.

Check our New 500,100 & 2000 Rupee Denominations