Agenda 1 Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Bank Notes Cash Position & Distribution: In terms of Gazette Notification No 2652 dated November 08, 2016 issued by Government of India, Rs.500 and Rs.1000 denominations of Bank Notes of the existing series issued by Reserve Bank of India (hereinafter referred to as Specified Bank Notes) shall cease to be legal tender with effect from 9th November, 2016, to the extent specified in the Notification. Bank branches will be the primary agencies through which the members of public and other entities will be exchanging the Specified Bank Notes for Bank Notes in other valid denominations or depositing the Specified Bank Notes for crediting to their accounts, upto and including the December 30, 2016. Therefore, banks have to accord highest priority to this work. RBI is requested to place the status of availability of cash in currency chests in various denominations and method of distribution among various banks. Banks should inform to Command & Communication centre, Vijayawada of deficit areas & in turn RBI to instruct respective currency chests for feeding of cash. Agenda 2 Rupay Cards Delivery PMJDY performance as on 09.11.2016 Total % of % of No. of No. of No. of Deposit % to Rupay Active Aadhaar Rupay Active Rural Urban Total Amount Total Card Rupay Seeded cards Rupay Accounts Accounts Accounts (Rs. in Accounts Issued cards issued cards crores) 4486207 3423419 7909626 908.56 6137292 77.59% 6637402 83.92% 2734351 34.57% In view of the Withdrawal of legal tender character of existing Rs.500/- and Rs.1000/- Bank Notes, there is a need to encourage the people towards transactions by using Rupay cards. Hence, banks are requested to sensitize the branches for the delivery of Rupay cards to the account holders at branches / through BCs / engaging retired employees and to educate the account holders accordingly. Forum may deliberate on the issue.
Agenda 1 Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Bank Notes Cash Position & Distribution: In terms of Gazette Notification No 2652 dated November 08, 2016 issued by Government of India, Rs.500 and Rs.1000 denominations of Bank Notes of the existing series issued by Reserve Bank of India (hereinafter referred to as Specified Bank Notes) shall cease to be legal tender with effect from 9th November, 2016, to the extent specified in the Notification. Bank branches will be the primary agencies through which the members of public and other entities will be exchanging the Specified Bank Notes for Bank Notes in other valid denominations or depositing the Specified Bank Notes for crediting to their accounts, upto and including the December 30, 2016. Therefore, banks have to accord highest priority to this work. RBI is requested to place the status of availability of cash in currency chests in various denominations and method of distribution among various banks. Banks should inform to Command & Communication centre, Vijayawada of deficit areas & in turn RBI to instruct respective currency chests for feeding of cash. Agenda 2 Rupay Cards Delivery PMJDY performance as on 09.11.2016 No. of Rural Accounts No. of Urban Accounts No. of Total Accounts Total Deposit Amount (Rs. in crores) Aadhaar Seeded % to Total Accounts Rupay Card Issued % of Rupay cards issued Active Rupay cards % of Active Rupay cards 4486207 3423419 7909626 908.56 6137292 77.59% 6637402 83.92% 2734351 34.57% In view of the Withdrawal of legal tender character of existing Rs.500/- and Rs.1000/- Bank Notes, there is a need to encourage the people towards transactions by using Rupay cards. Hence, banks are requested to sensitize the branches for the delivery of Rupay cards to the account holders at branches / through BCs / engaging retired employees and to educate the account holders accordingly. Forum may deliberate on the issue.
196th%20SLBC%20Agenda.docx