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Rs 11.23 Crore Fake Currency Detected Post Note Ban: Finance Minister Arun Jaitley

Fake currency totalling Rs 11.23 crore has been detected since demonetisation, said Arun Jaitley, Finance Minister on Tuesday. National Crime Records Bureau indicates that 1.58 lakh notes of fake currency, having a face value of Rs 11.23 crore, have been detected in 29 states until July 14, Jaitley said in a written reply to the Rajya Sabha. A mobile app has been ... Read More »

Demonetised currency worth one crore seized, Seven people were arrested.

Andhra Pradesh police caught a gang of seven members, who tried to exchange demonetised currency worth one crore in Vijayawada. Joint Commissioner of Police B. V. Ramana Kumar said that the gang has been taken into custody when they were exchanging the demonetised currency. “This amount was found in demonetised currency with a Chennai-based financier Jayachandran from Tiruvottiyur, who failed ... Read More »

ATS has seized Rs. 2 crore 70 lakh of old currency notes

The Anti-Terrorist Squad (ATS) has seized Rs. 2 crore 70 lakh of old currency notes from the house of a garments trader in Rajasthan’s Surajpole Saturday late night. Three people, including home guards were detained. According to information, ATS Superintendents of Police (SP) Vikas Kumar was informed that notes of old thousand and five hundred rupees were being changed at ... Read More »

SC requests Centre to give genuine cases ‘another chance’ – Demonetisation

    Following the announcement of demonetizing currency notes worth Rs. 500 and 1,000 in November last year, the Government had instructed people to deposit their old currency notes with the RBI till December 30, 2016 Rebuking the Centre for setting up a deadline for depositing demonetised currency, the apex court observed, “One cannot make people suffer if they have ... Read More »

Kerala’s Big Cash Crunch: ATMs, Salaries and Pensions Hit

The ghost of demonetisation has come back to haunt and this time the most literate state of India, Kerala, is facing the wrath.  Since the start if the April month, most people in Kerala are not able to withdraw money from ATMs due to the cash crunch. The Kerala government said that the cash crisis hit the treasury and is ... Read More »

RBI Removes Cash Withdrawal Limit From ATM For Current Accounts


The Reserve Bank of India (RBI) took another step to ease out the pain of common public which it suffered due to withdrawal limits from ATM and Bank Accounts. The RBI has removed the withdrawal limits from Current Account ATMs from February 1. It also said that the limit on Saving Account withdrawal of Rs. 24,000 a week will continue. ... Read More »

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