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CURRENCY VERIFICATION AND PROCESSING
Psychology says people who keep reading reviews before buying a product aren’t indecisive or stingy: Why some brains need extra certainty before buyingPsychology says the key takeaway is that many people are not necessarily worried about spending money, they are worried about making the wr...- Can you use UPI abroad? Here’s what Indian travellers must know about charges, limits and security risksIndian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While ...
- Claiming your inheritance by executing a Will: What legal heirs must know about nominees, probate and asset transfersExecuting a Will in India is often more complex than believed, involving numerous institutions and documentation hurdles. Nominees do not a...
- Comcast's dirty secret cost them $117 million, you could be owed $10,000; here's how to grab your share by August 14The Comcast $117.5 million settlement has triggered a nationwide rush as millions of Americans now check eligibility for a possible $10,000...
- Canada is facing its own Brexit moment — Alberta separatists just hit a massive referendum milestone, and Ottawa has a very big problemAlberta separatists say they have enough signatures. The number is striking. Nearly 302,000 names submitted. The legal threshold was 178,00...
- India revises OCI rules: What applicants need to know about stricter compliance, wider eligibility & moreIndia has revised its OCI program with expanded eligibility, now including fifth and sixth-generation Indian-origin Tamils in Sri Lanka. Th...
- Buying property costing between Rs 20 lakh and Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax DepartmentThe Income Tax Department has introduced a new Form 97, replacing Form 60, for individuals without a PAN card undertaking specific transact...
- 99.30% of demonetised money back in the system, says RBI reportAlmost all of the currency banned during demonetisation is back with the Reserve Bank of India.
- No proposal to withdraw Rs 2,000 notes: GovernmentStressed loans, not provided for earlier under flexibility given to restructured loans, were reclassified as NPAs and provided for, Radhakr...
- Demonetised notes are being shredded, briquetted: RBIThe central bank had earlier estimated the value of old Rs 500 and Rs 1,000 notes received, as on June 30, 2017, at Rs 15.28 trillion.
- Chkfake review: This app lets you check for signs to help identify a fake currency noteThe app supports currency of various countries including the new currency notes from India.
- 15 months after note ban, RBI still processing returned notesThe RBI said the scrapped notes were being processed for their arithmetical accuracy and genuineness and the reconciliation for the same wa...
- Reliance Jio Coin: At least 22 fake apps on Play StoreThe description on the pages of some of these apps claim that they offer Jio Coins in exchange for doing “tasks”.
- Note ban anniversary: RBI says still verifying returned notesIn reply to an RTI query, the central bank said it has processed about 1,134 crore pieces of Rs 500 notes and 524.90 crore pieces of Rs 1,0...
- 66 machines being used for counting demonetised notes: RBIIn its annual report for 2016-17 released on August 30, it had said Rs 15.28 lakh crore, or 99 per cent of the demonetised Rs 500 and Rs 1,...
- Has no counting machines but using sophisticated tools to check scrapped notes: RBIRBI is using "sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuiness of the c...
- No information on how much black money removed by note ban: RBI to parliamentary panelRBI has been facing flak for demonetisation and delay in disclosing figures, while the govt has maintained that note ban has helped in curb...
- Fake notes more than double of what was estimated: RBIGiven the estimates of fake notes, there could be severe adverse impact on bank balance sheet as banks bear the cost of counterfeit notes a...
- RBI to procure 50 note verifying machinesThe machines, for which the central bank has floated a global tender, is proposed to be installed at its 18 regional offices throughout the...
- RBI to lease currency verification systems to weed out fake notesEarlier in May, the Reserve Bank of India had floated a global tender for leasing of 18 Currency Verification and Processing System.
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