Mumbai: To encourage people to deposit valid currency notes in banks, RBI on Tuesday said bank customers would be able to withdraw deposits made in current legal tender notes beyond the current limits, a move aimed at increasing currency circulation in system. For example, if someone deposits valid legal tenders (Rs 2,000, Rs 500, Rs […]

New Delhi: Banks will open additional counters and work extra hours beginning Thursday to help people exchange Rs 500 and Rs 1000 notes that have been declared invalid from November 8 midnight. Anticipating panic and rush at bank counters, RBI as well as government has set up control rooms in Mumbai and the national capital […]