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)
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.
NEFT / RTGS TIMINGS :
|Monday to Saturday
(Except 2nd and 4th Saturday)
to 6:30 PM
to 4:30 PM
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