15 November 2016

Revision in Limits of withdrawal of Legal tender Character of existing Rs.500/- and Rs.1000/- Bank Notes

    The brief of the changes (as per RBI Circular Dated 13.11.2016) is as follows:-  
  • The limit for exchange of Specified Bank Notes, over the counter has been increased from the existing Rs.4000/- to Rs.4500.
  • The daily limit on withdrawal from ATMs has been increased from the existing Rs.2000/- to Rs. 2500/- per day in the recalibrated ATMs, other ATMs will continue to dispense Rs.50 and Rs.100 bank notes until they are re-calibrated.
  • The weekly limit of Rs.20,000/- for withdrawal from  accounts has been increased to Rs.24000 and the daily limit of Rs.10000/- per day stands withdrawn.
This is for your kind information and further necessary action.

11 November 2016

Opening of Head Post Offices (HOs) on 13.11.2016 (Sunday) for the exchange of Withdrawn Old Series (WOS) bank notes and for opening SB Counters

No.  24-01/2016-PO
Government of India
Ministry of Communications
Department of Posts
(PO Division)
Dak Bhawan, Sansad Marg
New Delhi-110 001

Dated: 11.11.2016

            All Chief Postmasters General
            All Postmasters General

Subject: Regarding opening of Head Post Offices (HOs) on 13.11.2016 (Sunday) for the exchange of Withdrawn Old Series (WOS) bank notes and for  opening SB Counters

            The competent authority has ordered that all the Head Post Offices across the country will remain open on 13.11.2016 (Sunday) for exchange of Withdrawn Old Series (WOS) of bank notes in denominations of Rs. 500/- and Rs. 1000/- with new currency/ prevalent notes, and for opening SB Counters.

2.         The Head Post Offices should arrange for drawal of sufficient cash from the linked Banks in advance. The purpose of keeping the Post Offices open on 13.11.2016 is specifically for exchange of WOS notes with the new/prevalent ones and opening SB counters and not for other operations. Sufficient number of counters should be operationalized to avoid any kind of inconvenience to the public. The information about availability of cash for exchange purpose may be displayed on the notice board of respective Post Offices well in advance. This may also be widely published through the press. Requirement of staff shall be as per local assessment.

3.         A compliance report in this regard may be sent to this Directorate by 1100 hrs of 15.11.2016 on email id
(M. S. Rana)

Instruction of PMG, WR on updation of loan entries in Mc camish by the SPMs