With the chaos that surrounds the announcement of India's demonetisation move, here is a quick reckoner to smoothen your ride
The Reserve Bank of India (RBI) on Nov 13 urged the public to not hoard money as enough cash in small denominations was available with the central and other banks.
The Reserve Bank of India has directed the banks to waive ATM charges on all transactions till December 30, applicable on transactions done at their own banks? ATMs as well as at other banks? ATMs.
Indian Prime Minister Narendra Modi announced 500 and 1,000 rupee notes would be withdrawn from circulation starting from Nov 9 midnight, saying it was part of a crackdown on rampant corruption and counterfeit currency.
The government on November 14 extended the use of old defunct Rs 500 and Rs 1,000 notes for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores until November 24.