The central bank also stated that “the limits on savings bank accounts will continue for the present and are under consideration for withdrawal in the near future”
Following the decision by bankers, petroleum dealers have put off till January 30 their decision to stop accepting cards.
In view of the debit of MDR of 1% it has been decided to stop accepting payment through Credit/Debit Cards from 9th January 2017.
Indian Railway Catering and Tourism Corporation (IRCTC) Limited will
Going by the parameters used for the advance estimate, the impact of demonetisation has not been considered in the forecast.
President Pranab Mukherjee warned that Prime Minister Narendra Modi’s demonetisation drive may lead to a temporary slowdown of the economy.
The bank manager also clarified to him that the currency was genuine and there might have been a printing error.
The RBI said it is taking all steps to complete the process expeditiously so as to release firm figures of banned notes received at an early date.
Banks have received ₹14.97 trillion rupees as of 30
Defending the levying of service charge, NRAI president Riyaaz Amlani said that restaurants clearly follow the very same Consumer Protection Act that is being used to justify the move to penalise those who levy it without the consent of consumers.
The Departrment of Consumer Affairs said the automatic applying of a service fee violates fair trade practices.
On Sunday, BJP president Amit Shah welcomed the cuts in a series of tweets posted on his official account.