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SBI home loan interest rate 2019

SBI Home Loan Interest Rates

Highlights
Interest Rates 2019
** SBI home loan and balance transfer at zero processing fee.
** SBI home loan at 8.70% onwards.

HOME LOANS: FLOATING INTEREST CARD RATES W.E.F.12.03.2019

The mean interest rate for Home Loans for the quarter ended December 2018 is : 8.6979 .

(A)- HOME LOANS (TERM LOAN):

I. TERM LOANS UPTO RS 30 LACS(1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

LTV ≤ 80
1 Year MCLR+ 15 bps, ER:8.70
1 Year MCLR+ 30 bps, ER:8.85
LTV > 80
and ≤ 90
1 Year MCLR+ 25 bps, ER:8.80
1 Year MCLR+ 40 bps, ER:8.95

Other

LTV ≤ 80
1 Year MCLR+ 20 bps, ER:8.75
1 Year MCLR+ 35 bps, ER:8.90
LTV > 80
and ≤ 90
1 Year MCLR+ 30 bps, ER:8.85
1 Year MCLR+ 45 bps, ER:9.00

II. TERM LOANS ABOVE RS 30 LACS AND UPTO RS 75 LACS: (1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG-1, 2 ,3
1 Year MCLR+ 35 bps, ER:8.90
1 Year MCLR+ 50 bps, ER:9.05
RG-4, 5, 6
1 Year MCLR+ 45 bps, ER:9.00
1 Year MCLR+ 60 bps, ER:9.15

Other

RG-1, 2, 3
1 Year MCLR+ 40 bps, ER:8.95
1 Year MCLR+ 55 bps, ER:9.10
RG-4, 5, 6
1 Year MCLR+ 50 bps, ER:9.05
1 Year MCLR+ 65 bps, ER:9.20

III. TERM LOANS ABOVE RS 75.00 LACS – FLOATING RATE: (1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG-1, 2 ,3
1 Year MCLR+ 45 bps, ER:9.00
1 Year MCLR+ 60 bps, ER:9.15
RG-4, 5, 6
1 Year MCLR+ 55 bps, ER:9.10
1 Year MCLR+ 70 bps, ER:9.25

Other

RG-1, 2, 3
1 Year MCLR+ 50 bps, ER:9.05
1 Year MCLR+ 65 bps, ER:9.20
RG-4, 5, 6
1 Year MCLR+ 60 bps, ER:9.15
1 Year MCLR+ 80 bps, ER:9.35

(B)- MAXGAIN - FLOATING INTEREST CARD RATE:


I. Loans Above Rs 20.00 Lacs & Up to Rs 30.00 Lacs (1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

LTV ≤ 80
1 Year MCLR+ 20 bps, ER:8.75
1 Year MCLR+ 40 bps, ER:8.95
LTV > 80
and ≤ 90
1 Year MCLR+ 30 bps, ER:8.85
1 Year MCLR+ 50 bps, ER:9.05

Other

LTV ≤ 80
1 Year MCLR+ 25 bps, ER:8.80
1 Year MCLR+ 45 bps, ER:9.00
LTV > 80
and ≤ 90
1 Year MCLR+ 35 bps, ER:8.90
1 Year MCLR+ 55 bps, ER:9.10

II. MAXGAIN-LOANS ABOVE RS 30 LACS & Up to RS 75 LACS (1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG-1, 2 ,3
1 Year MCLR+ 45 bps, ER:9.00
1 Year MCLR+ 65 bps, ER:9.20
RG-4, 5, 6
1 Year MCLR+ 55 bps, ER:9.10
1 Year MCLR+ 75 bps, ER:9.30

Other

RG-1, 2, 3
1 Year MCLR+ 50 bps, ER:9.05
1 Year MCLR+ 70 bps, ER:9.25
RG-4, 5, 6
1 Year MCLR+ 60 bps, ER:9.15
1 Year MCLR+ 80 bps, ER: 9.35

III. MAXGAIN-LOANS ABOVE RS 75 LACS & UPTO RS 3 CRS- FLOATING RATE (1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG-1, 2 ,3
1-year MCLR +60 bps, ER:9.15
1 Year MCLR+ 80 bps, ER:9.35
RG-4, 5, 6
1 Year MCLR+ 70 bps, ER: 9.25
1 Year MCLR+ 90 bps, ER:9.45

Other

RG-1, 2, 3
1 Year MCLR+ 65 bps, ER: 9.20
1 Year MCLR+ 85 bps, ER:9.40
RG-4, 5, 6
1 Year MCLR+ 75 bps, ER: 9.30
1 Year MCLR+95 bps, ER:9.50

IV. MAXGAIN-LOANS ABOVE RS 3 CRS- FLOATING RATE: will be available to existing Home Loan customers only for switch over of their Home Loan accounts from Base Rate/SBAR/Higher interest rate linked to MCLR to the current Floating Interest card rate linked 1-year MCLR.(1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG-1, 2 ,3
1 Year MCLR+ 95 bps, ER:9.50
1 Year MCLR+ 115 bps, ER:9.70
RG-4, 5, 6
1 Year MCLR+ 105 bps, ER: 9.60
1 Year MCLR+ 125 bps, ER:9.80

Other

RG-1, 2, 3
1 Year MCLR+ 100 bps, ER: 9.55
1 Year MCLR+ 120 bps, ER:9.75
RG-4, 5, 6
1 Year MCLR+ 110 bps, ER: 9.65
1 Year MCLR+130 bps, ER:9.85

(C)- HOME TOP UP LOANS: CARD RATES:


I. INSTA HOME TOP UP LOAN (1-yr MCLR: 8.55%)

  Revised Interest Rate

Insta Home Top Up Loan (Rs.1 lac to Rs.5 lacs)

100 bps above 1-year MCLR, ER: 9.55%, irrespective of Risk Grades, gender and occupation.

II. HOME TOP UP LOANS (other than Insta Home Top Up Loans) WITHOUT EXTENSION OF MORTGAGE ON HOUSE PROPERTY:

Particulars Salaried Non - Salaried

Term Loan (Upto Rs 5.00 lacs)

 

1-year MCLR+ 100 bps, ER: 9.55

 

 

1-year MCLR+ 150 bps, ER: 10.05

 


III. HOME TOP UP LOANS (other than Insta Home Top Up Loans) WITH EXTENSION OF MORTGAGE ON HOUSE PROPERTY : (1-yr MCLR: 8.55%)

Home Top-up Term Loan
Revised Interest Rate

 

Risk Grade

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Above Rs 5 lacs and upto Rs. 20lacs

1, 2 ,3
1 Year MCLR+ 45 bps, ER: 9.00
1 Year MCLR+ 60 bps, ER: 9.15
4, 5 ,6
1 Year MCLR+ 55 bps, ER: 9.10
1 Year MCLR+ 70 bps, ER: 9.25

Above Rs.20lacs and up to Rs.1crore

1, 2 ,3
1 Year MCLR+ 65 bps, ER: 9.20
1 Year MCLR+ 80 bps, ER: 9.35
4, 5 ,6
1 Year MCLR + 75 bps, ER: 9.30
1 Year MCLR + 90 bps, ER: 9.45

Above Rs.1 crore and up to Rs.2crores

1, 2 ,3
1 Year MCLR + 85 bps, ER: 9.40
1 Year MCLR + 100 bps, ER: 9.55
4, 5 ,6
1 Year MCLR + 95 bps, ER: 9.50
1 Year MCLR + 110 bps, ER: 9.65

Above Rs.2 crores and up to Rs.5crores

1, 2 ,3
1 Year MCLR + 130 bps, ER: 9.85
1 Year MCLR + 145 bps, ER: 10.00
4, 5 ,6
1 Year MCLR + 140 bps, ER: 9.95
1 Year MCLR + 155 bps, ER: 10.10

Above Rs.5 crores

1, 2 ,3
1 Year MCLR+ 250 bps, ER: 11.05
1 Year MCLR+ 275 bps, ER:11.30
4, 5 ,6
1 Year MCLR+ 300 bps, ER: 11.55
1 Year MCLR+325 bps, ER:11.80

HOME TOP UP TERM LOANS (other than Insta Home Top Up Loans) WITH EXTENSION OF MORTGAGE ON HOUSE PROPERTY ABOVE RS 5 CRORES : will be available to existing Home Loan customers only for switch over of their Home Loan accounts from Base Rate/SBAR/Higher interest rate linked to MCLR to the current Floating Interest card rate linked 1-year MCLR

Home Top-up Overdraft
Revised Interest Rate

 

Risk Grade

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Overdraft above Rs 20 lacs and up to Rs 1 crore

1, 2 ,3
1 Year MCLR + 135 bps, ER: 9.90
1 Year MCLR + 150 bps, ER: 10.05
4, 5 ,6
1 Year MCLR + 145 bps, ER: 10.00
1 Year MCLR + 160 bps, ER: 10.15

Overdraft above Rs.1 crore and up to Rs.2 crores

1, 2 ,3
1 Year MCLR + 160 bps, ER: 10.15
1 Year MCLR + 175 bps, ER: 10.30
4, 5 ,6
1 Year MCLR + 170 bps, ER: 10.25
1 Year MCLR + 185 bps, ER: 10.40

Overdraft above Rs.2 crore

1, 2 ,3
1 Year MCLR + 170 bps, ER: 10.25
1 Year MCLR + 185 bps, ER:10.40
4, 5 ,6
1 Year MCLR + 180 bps, ER: 10.35
1 Year MCLR +190 bps, ER:10.45

HOME TOP UP OVERDRAFT LOANS (other than Insta Home Top Up Loans) WITH EXTENSION OF MORTGAGE ON HOUSE PROPERTY ABOVE RS 2 CRORES : will be available to existing Home Loan customers only for switch over of their Home Loan accounts from Base Rate/SBAR/Higher interest rate linked to MCLR to the current Floating Interest card rate linked 1-year MCLR

Pricing of home loans have already been migrated on Risk Scoring Model. Similarly, Pricing of SBI Realty Loans will be migrated on Risk Scoring Model of Home Loan. Interest Rate structure for SBI Realty Loan will be as under:

(a) For First Five Years :

1. For Loan up to Rs 30 lacs-Floating (1-yr MCLR: 8.55%)

 

 

Salaried :

Non-Salaried :

Women

1-year MCLR+ 70 bps, ER: 9.25
1-year MCLR+ 80 bps, ER: 9.35

Others

1-year MCLR+ 75 bps, ER: 9.30
1-year MCLR+ 85 bps, ER: 9.40

2. For Loan Above Rs 30 lacs up to Rs 75 lacs-Floating (1-yr MCLR: 8.55%)

 

 

Salaried

Non-Salaried

Women

RG 1-3
1-year MCLR+ 80 bps, ER: 9.35
1-year MCLR+ 90 bps, ER: 9.45
RG 4-6
1-year MCLR+ 85 bps, ER: 9.40
1-year MCLR+ 95 bps, ER: 9.50

Others

RG 1-3
1-year MCLR+ 85 bps, ER: 9.40
1-year MCLR+95 bps, ER: 9.50
RG 4-6
1-year MCLR+ 90 bps, ER: 9.45
1-year MCLR+100 bps, ER:9.55


3. For Loan Above Rs 75 lacs-Floating (1-yr MCLR: 8.55%)

 

 

Salaried

Non-Salaried

Women

RG 1-3
1-year MCLR+ 90 bps, ER: 9.45
1-year MCLR+100 bps, ER: 9.55
RG 4-6
1-year MCLR+ 95 bps, ER: 9.50
1-year MCLR+105 bps, ER: 9.60

Others

RG 1-3
1-year MCLR+ 95 bps, ER: 9.50
1-year MCLR+105 bps, ER: 9.60
RG 4-6
1-year MCLR+100 bps, ER: 9.55
1-year MCLR+110 bps, ER: 9.65

Risk Scoring Model of Home Loan will be used for sanction of SBI Realty loans as well.

Product Revised Interest Rate

CRE Home Loan

A premium of 50 bps over and above the interest rate applicable to Home Loan (TL/Maxgain) will be charged.

Earnest Money Deposit Scheme

3.40% above 1 Year MCLR, Effective Rate 11.95 % (1-Year MCLR=8.55%).

Tribal Plus Scheme

10 bps above home loan floating card interest rates are applicable

CRGFT Scheme

10 bps above home loan floating card interest rates are applicable

Reverse Mortgage Loan

For Public

1-year MCLR+2.00%, effective rate 10.55% p.a.

SBI Pensioners

1-year MCLR+1.00%, effective rate 9.55% p.a.

Loan Against Property (LAP)- Salaried (where more than 50% of NMI is coming from salary income)

Upto Rs. 1crs

1-year MCLR+1.85%, effective rate 10.40% p.a.

Above Rs. 1 cr & upto Rs. 2 crs.

1-year MCLR+2.35%, effective rate 10.90% p.a.

Above Rs. 2 crs to Rs. 7.50 crs

1-year MCLR+2.80%, effective rate 11.35% p.a.

Loan Against Property (LAP)- Non-Salaried (where more than 50% of NMI is coming from Business/Profession or rental income)

Upto Rs. 1crs

1-year MCLR+2.50%, effective rate 11.05% p.a

Above Rs. 1 cr & upto Rs. 2 crs.

1-year MCLR+3%, effective rate 11.55% p.a.

Above Rs. 2 crs to Rs. 7.50 crs

1-year MCLR+3.30%, effective rate 11.85% p.a

Corporate Home Loan

CRA

Interest Rate

SB-1 & SB-2

0.85% above 1-year MCLR, present effective rate: 9.40% p.a.

SB-3 to SB-5

1.35% above 1-year MCLR, present effective rate:9.90% p.a

SB-6 to SB-8

1.85% above 1-year MCLR, present effective rate:10.40% p.a.

SB-9 & SB-10#

2.60% above 1-year MCLR, present effective rate:11.15% p.a.

#Above SB-8 &up to SB-10, subject to prior approval for deviation in minimum CRA by the Competent Authority.

Interest rate will be linked to 1-year MCLR and will be re-set at the end of every year from the date of first disbursement on the basis of prevailing one-year MCLR as on the date of reset. Interest Rates based on CRA, irrespective of the loan amount will be as mentioned above

SBI Bridge Home Loan

For First year : 2.45% above 1-year MCLR, current effective rate 11.00% p.a.

During second year : 3.45% above 1-year MCLR, current effective rate 12.00% p.a.

The interest rate in the account will be automatically reset at the end of first year from the date of first disbursement on the basis of prevailing one-year MCLR as on the date of reset.

SBI Privilage and Shaurya Schemes

(a) Where check-off facility is provided by the Government Department / Defense Establishment under tie-up with our Bank –

1) For Loan up to Rs 30 lacs:
Interest rate applicable to women will be applicable to men/others also after taking into consideration the rate applicable based on the LTV Ratio

2) For Loan Above Rs 30 lacs:
Interest rate applicable to women will be applicable to men/others also after taking into consideration the rate applicable based on the Risk Grade and limit.

(b) Where check-off facility is not available –
Interest rates as applicable to others category will be applicable after taking into consideration the LTV Ratio, Risk Grade, gender and limit.



CIBIL Score Status Online

What is a CIBIL credit report?

Credit Information Bureau (India) Limited, commonly known as CIBIL, is India’s first Credit Information Company or Credit Bureau. It maintains records of all credit-related activity of individuals and companies including loans and credit cards. The records are submitted to CIBIL by registered member banks and other financial institutions on a periodic (usually monthly) basis. Based on this data, CIBIL issues a Credit Information Report or CIR (commonly referred to as a credit report) and a credit score.

CIBIL collects and maintains records of the credit-related transactions of individuals as reported by their lenders (whether banks, NBFCs or credit card companies). This information could include details of all loan and credit card repayments including any late or missed payments; details of enquires made by lenders on loan or credit card applications made in the past; all current loans and credit cards; total credit limit; and other such credit-related information.

Your CIBIL TransUnion Score ranges between 300 and 900.
79% of the loans approved are for individuals with a score greater than 750.
Higher your CIBIL TransUnion Score, higher are your chances of Loan Approval.

A good credit score of 750 or above will enable you to avail of:

1. Low interest rate
2. Higher loan amount
3. Longer tenure
4. Quicker approval process
5. Higher credit limit on your card

PLANNING TO APPLY FOR A LOAN OR CREDIT CARD ANYTIME SOON; CHECK YOUR CREDIT SCORE FIRST!

Cibil Score Apply Online
Cibil score Report

Apply for Company Credit Report from TransUnion CIBIL Limited (Formerly: Credit Information Bureau (India) Limited). (CIBIL)

Credit Report Apply Online
Credit Report

CIBIL FAQ

Understanding CIBIL: Functions, Product And Services, Download CIBIL FAQ

Download CIBIL Brochure


IBPS Clerk 2017 Exam dates

IBPS Clerk 2017 Notification

IBPS (Institute of Banking Personnel Selection) conducts a common written exam or CWE every year for the clerical cadre in multiple banks all over the country. All public sector banks use CWE as a base to fill the vacancies for this post.
IBPS is conducting Clerk exam for the seventh year now and hence named IBPS Clerk CWE VII. The IBPS Clerk CWE exam is conducted on two levels- preliminary exam and mains. Students qualifying in both these exams are thus selected for the post.

State and Union wise Vacancies

Andhra Pradesh - 485, Arunachal Pradesh - 08, Assam - 109, Bihar - 227, Chandigarh - 34, Chhattisgarh - 118, Dadra & Nagar Haveli - 07, Daman & Diu - 08, Delhi - 272, Goa - 41, Gujarat - 487, Haryana - 175, Himachal Pradesh - 73, Jammu & Kashmir - 34, Jharkhand - 127, Karnataka - 554, Kerala - 217, Lakshadweep - 02, Madhya Pradesh - 290, Maharashtra - 775, Manipur - 11, Meghalaya - 17, Mizoram - 03, Nagaland - 12, Odisha - 196, Puducherry - 46, Punjab - 401, Rajasthan - 344, Sikkim - 11, Tamil Nadu - 1277, Telangana - 344, Tripura - 18, Uttar Pradesh - 665, Uttarakhand - 78, West Bengal - 417.
Age : 20 to 28 Years as on 01/09/2017 (i.e. A candidate must have been born not earlier than 02.09.1989 and not later than 01.09.1997 (both dates inclusive))

Total Vacancies :7883

IBPS Clerk 7 Participating Banks:

Allahabad Bank

Canara Bank

Indian Overseas Bank

UCO Bank

Andhra Bank

Central Bank of India

Oriental Bank of Commerce

Union Bank of India

Bank of Baroda

Corporation Bank

Punjab National Bank

United Bank of India

Bank of India

Dena Bank

Punjab & Sind Bank

Vijaya Bank

Bank of Maharashtra

Indian Bank

Syndicate Bank

-

Application Fee:

₹ 100/- for SC/ST/PWD/EXSM candidates, ₹ 600 /- for all others. The fee can be made through Online Payment Mode by using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.

Start Date for On-line Registration –> 12/09/2017
Closing Date for On-line Registration –> 03/10/2017
Payment of Application Fees/Intimation Charges (Online) -> 12/09/2017 to 03/10/2017
Download of call letters for Pre-Exam Training -> November 2017
Conduct of Pre-Exam Training -> 13/11/2017 to 18/11/2017
Download of call letters for online examination - Preliminary -> November 2017
Preliminary Online Examination -> 02/12/2017, 03/12/2017, 09/12/2017 and 10/12/2017
Declaration of Preliminary Online Exam Result -> December 2017
Download of Call letter for Online Main Exam -> January 2018
Main Online Examination -> 21/01/2018
Provisional Allotment -> April 2018

How To Apply: Eligible Indian National Candidates can apply online through IBPS Online Portal from 12/09/2017 to 03/10/2017. For any enquiries contact Toll Free Helpline Number - 1800222366 (Available from 09:30 AM to 06:00 PM). For any queries regarding registration kindly email to registration_helpdesk@ibpsorg.org.
After completing the procedure of applying online application including payment of application fees / intimation charges, the candidate should take a printout (Hard-copy) of Computer Generated registered Online Application Form, ensure the particulars filled in are accurate and retain it along with Registration Number and Password for future reference.


INR 500 and 1000/- Exchange dates

How to Exchange Rs 500 and Rs 1000, 25 Points to remember

INR 500 and 1000 exchange
1) Why is this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India remains a cash based economy hence the circulation of Fake Indian Currency Notes continues to be a menace. In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.
2) What is this scheme? The legal tender character of the notes in denominations of ₹ 500 and ₹ 1000 stands withdrawn. In consequence thereof withdrawn old high denomination (OHD) notes cannot be used for transacting business and/or store of value for future usage. The OHD notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India or at any of the bank branches or at any Head Post Office or Sub-Post Office.
3) How much value will I get? You will get value for the entire volume of notes tendered at the bank branches / RBI offices.
4) Can I get all in cash? No. You will get upto ₹4000 per person in cash irrespective of the size of tender and anything over and above that will be receivable by way of credit to bank account.
5) Why I cannot get the entire amount in cash when I have surrendered everything in cash? The Scheme of withdrawal of old high denomination(OHD) notes does not provide for it, given its objectives.
6) ₹4000 cash is insufficient for my need. What to do? You can use balances in bank accounts to pay for other requirements by cheque or through electronic means of payments such as Internet banking, mobile wallets, IMPS, credit/debit cards etc.
7) What if I don’t have any bank account? You can always open a bank account by approaching a bank branch with necessary documents required for fulfilling the KYC requirements.
8) What if, if I have only JDY account?
A JDY account holder can avail the exchange facility subject to the caps and other laid down limits in accord with norms and procedures.
9) Where can I go to exchange the notes? The exchange facility is available at all Issue Offices of RBI and branches of commercial banks/RRBS/UCBs/State Co-op banks or at any Head Post Office or Sub-Post Office.
10) Need I go to my bank branch only? For exchange upto 4000 in cash you may go to any bank branch with valid identity proof. For exchange over 4000, which will be accorded through credit to Bank account only, you may go to the branch where you have an account or to any other branch of the same bank. In case you want to go to a branch of any other bank where you are not maintaining an account, you will have to furnish valid identity proof and bank account details required for electronic fund transfer to your account.
11) Can I go to any branch of my bank? Yes you can go to any branch of your bank.
12) Can I go to any branch of any other bank? Yes, you can go to any branch of any other bank. In that case you have to furnish valid identity proof for exchange in cash; both valid identity proof and bank account details will be required for electronic fund transfer in case the amount to be exchanged exceeds ₹4000.
13) I have no account but my relative / friend has an account, can I get my notes exchanged into that account? Yes, you can do that if the account holder relative/friend etc gives you permission in writing. While exchanging, you should provide to the bank, evidence of permission given by the account holder and your valid identity proof.
14) Should I go to bank personally or can I send the notes through my representative? Personal visit to the branch is preferable. In case it is not possible for you to visit the branch you may send your representative with an express mandate i.e. a written authorisation. The representative should produce authority letter and his / her valid identity proof while tendering the notes.
15) Can I withdraw from ATM? It may take a while for the banks to recalibrate their ATMs. Once the ATMs are functional, you can withdraw from ATMs upto a maximum of ₹2,000/- per card per day upto 18th November, 2016. The limit will be raised to ₹4000/- per day per card from 19th November 2016 onwards.
16) Can I withdraw cash against cheque? Yes, you can withdraw cash against withdrawal slip or cheque subject to ceiling of ₹10,000/- in a day within an overall limit of ₹20,000/- in a week (including withdrawals from ATMs) for the first fortnight i.e. upto 24th November 2016.
17) Can I deposit withdrawn notes through ATMs, Cash Deposit Machine or cash Recycler? Yes, OHD notes can be deposited in Cash Deposits machines / Cash Recyclers.
18) Can I make use of electronic (NEFT/RTGS /IMPS/ Internet Banking / Mobile banking etc.) mode? You can use NEFT/RTGS/IMPS/Internet Banking/Mobile Banking or any other electronic/ non-cash mode of payment.
19) How much time do I have to exchange the notes? The scheme closes on 30th December 2016. The OHD banknotes can be exchanged at branches of commercial banks, Regional Rural Banks, Urban Cooperative banks, State Cooperative Banks and RBI till 30th December 2016. For those who are unable to exchange their Old High Denomination Banknotes on or before December 30, 2016, an opportunity will be given to them to do so at specified offices of the RBI, along with necessary documentation as may be specified by the Reserve Bank of India. V
20) I am right now not in India, what should I do? If you have OHD banknotes in India, you may authorise in writing enabling another person in India to deposit the notes into your bank account. The person so authorised has to come to the bank branch with the OHD banknotes, the authority letter given by you and a valid identity proof (Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff)
21) I am an NRI and hold NRO account, can the exchange value be deposited in my account? Yes, you can deposit the OHD banknotes to your NRO account.
22) I am a foreign tourist, I have these notes. What should I do? You can purchase foreign exchange equivalent to ₹5000 using these OHD notes at airport exchange counters within 72 hours after the notification, provided you present proof of purchasing the OHD notes. 23) I have emergency needs of cash (hospitalisation, travel, life saving medicines) then what I should do? You can use the OHD notes for paying for your hospitalisation charges at government hospitals, for purchasing bus tickets at government bus stands for travel by state government or state PSU buses, train tickets at railway stations, and air tickets at airports, within 72 hours after the notification. 24) What is proof of identity? Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff. 25) Where can I get more information on this scheme? Further information is available at our website (www.rbi.org.in) and GoI website (www.rbi.org.in).





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