Balasore AIPEDEU : November 2016

Tuesday 29 November 2016

Withdrawal of cash from bank deposit accounts - Relaxation

RBI/2016-17/163
DCM.No.1437/10.27.00/2016-17

November 28, 2016

The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks /
Regional Rural Banks / Urban Cooperative Banks/
State Cooperative Banks/ District Central Cooperative Banks

Dear Sir,

Withdrawal of cash from bank deposit accounts - Relaxation

It has been reported that certain depositors are hesitating to deposit their monies into bank accounts in view of the current limits on cash withdrawals from accounts.

2. As it is impeding active circulation of currency notes, it has been decided, on careful consideration, to allow withdrawals of deposits made in current legal tender notes on or after November 29, 2016 beyond the current limits; preferably, available higher denominations bank notes of ₹ 2000 and ₹ 500 are to be issued for such withdrawals.

Yours faithfully,

(P Vijaya Kumar)
Chief General Manager

Thursday 24 November 2016

Dear Comrades , GDS Committee report submitted Today.

Details will be published soon.

DA ORDER ENHANCED TO 132% EFFECTING FROM 1ST JULY 2016 FOR GDS ALSO

Tuesday 22 November 2016

22nd Nov.2016

DEBASIS DEY

GENERAL SECY|' ARPEU'

Monday 21 November 2016

19/11/2016

Relaxation of Rs.25000/- the limit for deposits in Branch Post Offices.

From: Director (CBS)
Sent: 18 November 2016 17:57
To: All CPMG; CPMG Telangana Circle
Cc: All PMG; DDG (Financial Services); All Postal Divisions; Director (Vigilance)
Subject: Relaxation of Rs.25000/- limit for deposits in Branch Post Offices.

Respected Sir/Madam,

In view of current order /instructions by the Government regarding supply of adequate cash for funding to rural areas in Branch Post Offices, and also an email was sent by this on 14^th Nov, 2016 & 15^th Nov, 2016, that withdrawals and deposits in Branch Post Office should be encouraged, so that public in rural areas get access to new currency notes..

With a view to facilitate this effort of the Government, the SB order No.5 dated 21.06.2016, Point No. 18 i.e., “ No BPM should accept cash deposit transaction for more than Rs. 25000/- in any account in a day. Instructions in this regard should issued by Circle/Regions and Divisions” is here by relaxed till 30th December, 2016. It is re iterated that Cap for 25,000 /- has been lifted (upto 30th December, 2016).

With regards,

Sachin Kishore
Director (CBS)
Sansad Marg,
Dak Bhavan