Govt. of India announces, waiver of service tax on card transactions up to Rs 2000/-

Date : 8th Dec, 2016.

Post demonetization this is another step being taken by govt. of India to increase cashless transactions in India.

Government will waive service tax on debit and credit card transactions of up to Rs 2,000 in a bid to promote digital transactions amid cash crunch following withdrawal of old Rs 500 and 1,000 banknotes. 

A notification to this effect will be tabled by Finance Minister Arun Jaitley in Parliament.

New High value notes denomination India

Hours after Prime Minister Narendra Modi announced the demonetisation of high value notes on 8th Nov 2016 late evening, the Reserve Bank today issued new series of notes for the Rs 500 and Rs 2000 denomination with improved features and newer sizes. 

The Rs 2,000 note, which is a first after the denomination, will be called the 'Mahatma Gandhi (New) Series' and has the symbol of the low cost mission to Mars, the Mangalayan, on the reverse. 

Image for representation only : 

The base colour of the note will be magenta and the size of the note will be 66 mm by 166 mm. 

The new design in the Rs 500 denomination will be in a different colour, size, theme, design and location of security features. 

The note, measuring 63 mm by 150 mm will be in a new colour , stone grey and the predominant theme will be Delhi's Red Fort. 

Both the new designs, Rs 500 and Rs 2,000, will be very friendly towards the visually-impaired by having features which make it accessible for all sections. 

Note : Please be informed that the old notes 500/- and 1000/- rupee notes are no more a legal tender.  The old notes have to replaced with new notes by depositing them in nearest banks and post offices in India. 

RBI Helpline number

Reserve Bank of India helpline number announced after demonetization in India.

Date : Nov 09, 2016

The RBI has also started a helpline number for the citizens who may face any difficulties, economic affairs secretary Shaktikanta Das said. 

Citizens can reach out to the RBI on 022-22602201 022-22602944 starting tomorrow for any doubts and clarifications.