Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The government and RBI on Monday unveiled fresh restrictions on deposit of old 500 and 1,000 rupee notes, saying anyone depositing above Rs 5,000 will be questioned &quot;on record, in the presence of at least two officials of the bank, as to why this could not be deposited earlier&quot; and only after a &quot;satisfactory explanation&quot; will the money be deposited. This flies in the face of the government repeatedly urging the public that since the deadline for making deposits of old notes was December 30, they had ample time and should not rush to bank branches and add to queues.<br /><br />The new notification also says that deposits exceeding Rs 5,000 in old 500 and 1,000 notes will have to be made in one go during the remaining period till December 30. If smaller deposits add up to more than Rs 5,000, the procedure of bank officials seeking explanations may still be followed.<br /><br />&quot;The explanation should be kept on record to facilitate an audit trail at a later stage. An appropriate flag also should be raised in CBS (core banking solution) to that effect so that no more tenders are allowed,&quot; the RBI said.<br /><br />&quot;The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier,&quot; said a finance ministry statement.<br /><br />The central bank said deposits above Rs 5,000 will be credited to only know your customer (KYC) compliant accounts and if the accounts are not KYC-compliant, credits may be restricted up to Rs 50,000 subject to rules covering such accounts.<br /><br />The above restrictions will not apply to those depositing old notes under the taxation and investment regime for the Pradhan Mantri Garib Kalyan Yojana, the RBI said.<br /><br />Please <a href="http://timesofindia.indiatimes.com/india/no-rush-to-deposit-said-fm-why-havent-you-done-so-says-rbi/articleshow/56074460.cms" title="http://timesofindia.indiatimes.com/india/no-rush-to-deposit-said-fm-why-havent-you-done-so-says-rbi/articleshow/56074460.cms">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The government and RBI on Monday unveiled fresh restrictions on deposit of old 500 and 1,000 rupee notes, saying anyone depositing above Rs 5,000 will be questioned &quot;on record, in the presence of at least two officials of the bank, as to why this could not be deposited earlier&quot; and only after a &quot;satisfactory explanation&quot; will the money be deposited. This flies in the face of the government repeatedly urging the public that since the deadline for making deposits of old notes was December 30, they had ample time and should not rush to bank branches and add to queues.<br /><br />The new notification also says that deposits exceeding Rs 5,000 in old 500 and 1,000 notes will have to be made in one go during the remaining period till December 30. If smaller deposits add up to more than Rs 5,000, the procedure of bank officials seeking explanations may still be followed.<br /><br />&quot;The explanation should be kept on record to facilitate an audit trail at a later stage. An appropriate flag also should be raised in CBS (core banking solution) to that effect so that no more tenders are allowed,&quot; the RBI said.<br /><br />&quot;The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier,&quot; said a finance ministry statement.<br /><br />The central bank said deposits above Rs 5,000 will be credited to only know your customer (KYC) compliant accounts and if the accounts are not KYC-compliant, credits may be restricted up to Rs 50,000 subject to rules covering such accounts.<br /><br />The above restrictions will not apply to those depositing old notes under the taxation and investment regime for the Pradhan Mantri Garib Kalyan Yojana, the RBI said.<br /><br />Please <a href="http://timesofindia.indiatimes.com/india/no-rush-to-deposit-said-fm-why-havent-you-done-so-says-rbi/articleshow/56074460.cms" title="http://timesofindia.indiatimes.com/india/no-rush-to-deposit-said-fm-why-havent-you-done-so-says-rbi/articleshow/56074460.cms">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">No rush to deposit, says FM; Why haven&#039;t you done so, says RBI</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The government and RBI on Monday unveiled fresh restrictions on deposit of old 500 and 1,000 rupee notes, saying anyone depositing above Rs 5,000 will be questioned &quot;on record, in the presence of at least two officials of the bank, as to why this could not be deposited earlier&quot; and only after a &quot;satisfactory explanation&quot; will the money be deposited. This flies in the face of the government repeatedly urging the public that since the deadline for making deposits of old notes was December 30, they had ample time and should not rush to bank branches and add to queues.<br /><br />The new notification also says that deposits exceeding Rs 5,000 in old 500 and 1,000 notes will have to be made in one go during the remaining period till December 30. If smaller deposits add up to more than Rs 5,000, the procedure of bank officials seeking explanations may still be followed.<br /><br />&quot;The explanation should be kept on record to facilitate an audit trail at a later stage. An appropriate flag also should be raised in CBS (core banking solution) to that effect so that no more tenders are allowed,&quot; the RBI said.<br /><br />&quot;The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier,&quot; said a finance ministry statement.<br /><br />The central bank said deposits above Rs 5,000 will be credited to only know your customer (KYC) compliant accounts and if the accounts are not KYC-compliant, credits may be restricted up to Rs 50,000 subject to rules covering such accounts.<br /><br />The above restrictions will not apply to those depositing old notes under the taxation and investment regime for the Pradhan Mantri Garib Kalyan Yojana, the RBI said.<br /><br />Please <a href="http://timesofindia.indiatimes.com/india/no-rush-to-deposit-said-fm-why-havent-you-done-so-says-rbi/articleshow/56074460.cms" title="http://timesofindia.indiatimes.com/india/no-rush-to-deposit-said-fm-why-havent-you-done-so-says-rbi/articleshow/56074460.cms">click here</a> to read more. <br /></div>                                                           
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No rush to deposit, says FM; Why haven't you done so, says RBI

Published on Dec 20, 2016   Modified on Dec 20, 2016

-The Times of India NEW DELHI: The government and RBI on Monday unveiled fresh restrictions on deposit of old 500 and 1,000 rupee notes, saying anyone depositing above Rs 5,000 will be questioned "on record, in the presence of at least two officials of the bank, as to why this could not be deposited earlier" and only after a "satisfactory explanation" will the money be deposited. This flies in the face of the government repeatedly urging the public that since the deadline for making deposits of old notes was December 30, they had ample time and should not rush to bank branches and add to queues. The new notification also says that deposits exceeding Rs 5,000 in old 500 and 1,000 notes will have to be made in one go during the remaining period till December 30. If smaller deposits add up to more than Rs 5,000, the procedure of bank officials seeking explanations may still be followed. "The explanation should be kept on record to facilitate an audit trail at a later stage. An appropriate flag also should be raised in CBS (core banking solution) to that effect so that no more tenders are allowed," the RBI said. "The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier," said a finance ministry statement. The central bank said deposits above Rs 5,000 will be credited to only know your customer (KYC) compliant accounts and if the accounts are not KYC-compliant, credits may be restricted up to Rs 50,000 subject to rules covering such accounts. The above restrictions will not apply to those depositing old notes under the taxation and investment regime for the Pradhan Mantri Garib Kalyan Yojana, the RBI said. Please click here to read more.

The Times of India, 20 December, 2016, http://timesofindia.indiatimes.com/india/no-rush-to-deposit-said-fm-why-havent-you-done-so-says-rbi/articleshow/56074460.cms

Tagged with: black money Reserve Bank of India Bank Deposits Demonetisation Currency demonetisation

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