Press Releases - ಆರ್ಬಿಐ - Reserve Bank of India
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Press Releases
ನವೆಂ 28, 2002
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Members of public are hereby informed that the Reserve Bank of India (RBI) has authorized all branches of public sector banks and all currency chest branches of private sector banks to accept and exchange all types of soiled/mutilated notes of all denominations. Refund value of such notes in exchange is, however, paid as per RBI (note Refund) Rules, 1975. With a view to render better service to the public the exchange facility for mutilated notes is also offered by RB
Members of public are hereby informed that the Reserve Bank of India (RBI) has authorized all branches of public sector banks and all currency chest branches of private sector banks to accept and exchange all types of soiled/mutilated notes of all denominations. Refund value of such notes in exchange is, however, paid as per RBI (note Refund) Rules, 1975. With a view to render better service to the public the exchange facility for mutilated notes is also offered by RB
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ನವೆಂ 01, 2002
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At present, a resident in India is permitted to retain upto US $ 2000 or its equivalent in cash and/or travellers cheques provided the same has been acquired:while on visit to any place outside India by way of payment for services;from any person not resident in India or who is on a visit to India, in settlement of any lawful obligations;by way of honorarium or gift while on a visit outside India;from an authorised person for travel abroad and represents unspent amoun
At present, a resident in India is permitted to retain upto US $ 2000 or its equivalent in cash and/or travellers cheques provided the same has been acquired:while on visit to any place outside India by way of payment for services;from any person not resident in India or who is on a visit to India, in settlement of any lawful obligations;by way of honorarium or gift while on a visit outside India;from an authorised person for travel abroad and represents unspent amoun
ಅಕ್ಟೋ 21, 2002
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It has been brought to the notice of the Reserve Bank of India that an impression is sought to be created among the members of public by some agencies/persons that transactions involving "e-gold", purportedly an electronic currency, are freely permitted in India and that "e-gold" has the status of a foreign currency. The Reserve Bank has also come across a recent pamphlet on the subject, circulated along with a newspaper, which states that non-resident Indians use "e-
It has been brought to the notice of the Reserve Bank of India that an impression is sought to be created among the members of public by some agencies/persons that transactions involving "e-gold", purportedly an electronic currency, are freely permitted in India and that "e-gold" has the status of a foreign currency. The Reserve Bank has also come across a recent pamphlet on the subject, circulated along with a newspaper, which states that non-resident Indians use "e-
ಸೆಪ್ಟೆಂ 06, 2002
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With a view to enabling residents to avail of foreign exchange for medical treatment abroad without any hassles and any loss of time, it has now been decided that authorised dealers may release foreign exchange upto US$50,000, for medical treatment outside India, without insisting on any estimate from a doctor or hospital, on the basis of a declaration of requirement given by the applicant, provided the payment for purchase of such foreign exchange is being made by ch
With a view to enabling residents to avail of foreign exchange for medical treatment abroad without any hassles and any loss of time, it has now been decided that authorised dealers may release foreign exchange upto US$50,000, for medical treatment outside India, without insisting on any estimate from a doctor or hospital, on the basis of a declaration of requirement given by the applicant, provided the payment for purchase of such foreign exchange is being made by ch
ಸೆಪ್ಟೆಂ 06, 2002
¨sÁgÀvÀzÀ ºÉÆgÀVgÀĪÀ ¤PÀl ¸ÀA§A¢üUÀ½AzÀ ¸Á®zÀ ªÀåªÀ¸ÉÜAiÀÄ GzÁjÃPÀgÀt
The Reserve Bank of India has been taking steps towards procedural simplifications and liberalisation of the existing rules and regulations relating to the foreign exchange transactions by residents in India.Under the existing Regulations, residents have general permission to borrow upto US$250,000 from their close relatives resident outside India provided the loan is free of interest and is not repayable before seven years. In view of the representations received by
The Reserve Bank of India has been taking steps towards procedural simplifications and liberalisation of the existing rules and regulations relating to the foreign exchange transactions by residents in India.Under the existing Regulations, residents have general permission to borrow upto US$250,000 from their close relatives resident outside India provided the loan is free of interest and is not repayable before seven years. In view of the representations received by
ಆಗ 29, 2002
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The Reserve Bank of India has invited applications from agencies for undertaking distribution of coins on an experimental basis. The Reserve Bank, has stated that it will pay service charges to the agencies that undertake distribution of coins. The Reserve Bank will pay a service charge of Rs. 250 per coin bag collected from its counters. The agencies would, however, have to distribute coins to the public at face value without any charge/commission. Coins will be avai
The Reserve Bank of India has invited applications from agencies for undertaking distribution of coins on an experimental basis. The Reserve Bank, has stated that it will pay service charges to the agencies that undertake distribution of coins. The Reserve Bank will pay a service charge of Rs. 250 per coin bag collected from its counters. The agencies would, however, have to distribute coins to the public at face value without any charge/commission. Coins will be avai
ಜೂನ್ 18, 2002
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The Reserve Bank of India in paragraph 3, of its Circular AP(DIR Series) No.19 dated October 30, 2000, had indicated that Credit Cards, ATM Cards and Debit Cards etc, being only different methods of payment, all Rules/Regulations and directions issued under the Foreign Exchange Management Act, 1999 (FEMA), apply to Credit Cards, Debit Cards and ATM Cards etc. also. With a view to clarifying the permissible uses of International Credit Cards on Internet, it is clarifie
The Reserve Bank of India in paragraph 3, of its Circular AP(DIR Series) No.19 dated October 30, 2000, had indicated that Credit Cards, ATM Cards and Debit Cards etc, being only different methods of payment, all Rules/Regulations and directions issued under the Foreign Exchange Management Act, 1999 (FEMA), apply to Credit Cards, Debit Cards and ATM Cards etc. also. With a view to clarifying the permissible uses of International Credit Cards on Internet, it is clarifie
ಮೇ 04, 2002
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"The Reserve Bank of India is committing to the 'Clean Note Policy' for the citizens of this country and will command all its resources including technology for achieving the goal due to the nation". Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India stated this while inaugurating the new Currency Verification and Processing Systems (CVPS) at New Delhi office of the Reserve Bank of India. Shri S. S. Kohli, Chairman & Managing Director, Punjab National Bank,
"The Reserve Bank of India is committing to the 'Clean Note Policy' for the citizens of this country and will command all its resources including technology for achieving the goal due to the nation". Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India stated this while inaugurating the new Currency Verification and Processing Systems (CVPS) at New Delhi office of the Reserve Bank of India. Shri S. S. Kohli, Chairman & Managing Director, Punjab National Bank,
ನವೆಂ 26, 2001
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At certain locations in a few cities/towns, bill boards have appeared indicating that the notes and coins of Rs.2 and Rs.5 denominations have ceased to be legal tender. The report is baseless and misleading. The Reserve Bank of India clarifies that the notes and coins of Rs.2 and Rs.5 continue to be legal tender. The members of public can freely accept and transact their business in these notes and coins and need not to be misled by any such propaganda.N.L. Rao Asst.
At certain locations in a few cities/towns, bill boards have appeared indicating that the notes and coins of Rs.2 and Rs.5 denominations have ceased to be legal tender. The report is baseless and misleading. The Reserve Bank of India clarifies that the notes and coins of Rs.2 and Rs.5 continue to be legal tender. The members of public can freely accept and transact their business in these notes and coins and need not to be misled by any such propaganda.N.L. Rao Asst.
ನವೆಂ 13, 2001
«zÉò ¥ÀæªÁ¹UÀjUÁV, «zÉò PÀgÉ¤ì £ÉÆÃlÄUÀ¼À ªÀÄvÀÄÛ £ÁtåUÀ¼À ®¨sÀåvÉ.
Authorised dealers and full fledged money changers are now permitted to release foreign exchange in the form of foreign currency notes and coins to travellers abroad upto US $ 2,000 or its equivalent without prior permission of the Reserve Bank of India. The Reserve Bank of India has amended its instructions to this effect with a view to simplifying procedures. The existing limit for releasing foreign exchange to travellers abroad in the form of foreign currency notes
Authorised dealers and full fledged money changers are now permitted to release foreign exchange in the form of foreign currency notes and coins to travellers abroad upto US $ 2,000 or its equivalent without prior permission of the Reserve Bank of India. The Reserve Bank of India has amended its instructions to this effect with a view to simplifying procedures. The existing limit for releasing foreign exchange to travellers abroad in the form of foreign currency notes
ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ ಮೊಬೈಲ್ ಅಪ್ಲಿಕೇಶನ್ ಅನ್ನು ಇನ್ಸ್ಟಾಲ್ ಮಾಡಿ ಮತ್ತು ಇತ್ತೀಚಿನ ಸುದ್ದಿಗಳಿಗೆ ತ್ವರಿತ ಅಕ್ಸೆಸ್ ಪಡೆಯಿರಿ!
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