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Nov 26, 2016 The RBI has asked banks to temporarily maintain additional average daily balance with it in order to drain out the surplus liquidity with them. This follows the banking system being flooded with liquidity triggered by a heavy inflow of deposits, due to the ongoing demonetisation exercise. The cash reserve Apr 6, 2018 The Reserve Bank of India (RBI), the nation's central bank, has directed all regulated entities including banks not to provide services to businesses dealing in cryptocurrencies such as bitcoin. RBI is doing so to protect consumer interest and to slow money laundering, the bank's press release stressed. Cervelli helps Pirates rally for 6-2 win over Cardinals | FOX2now.comApr 1, 2016 including most noticeably the Reserve Bank of India (RBI), India's custodian of monetary policy. however, at the cost of establishing a narrative that portrays corruption as a largely cash- based issue, potentially damaging the credentials of future innovation in anti-corruption policy- making in India. 2. Aug 14, 2017 As the Indian subcontinent was divided in 1947, the Reserve Bank of India (RBI) for a brief period of time served two countries and their respective governments. In this Much of the committee's work laid the groundwork for the Pakistan (Monetary System and Reserve Bank) Order of 1947. The broad Mar 2, 2017 As private banks take the lead to introduce cash transaction charges, India's largest public sector bank SBI has taken the remonetisation plunge too. Come April 1st and its Currently, under RBI guidelines, banks must offer their savings bank account holders a minimum of five free transactions. WHAT FOR
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Dec 13, 2017 GreaterKashmir: As banking regulator Reserve Bank of India (RBI) has started to restrict cash flow to Jammu and Kashmir by choking supply of high denomination fresh currency notes to banks operating “It is high time that state government should act fast and ask Government of India to revoke this order.May 13, 2016 According to Reserve Bank of India (RBI) rules, it's the responsibility of the remitter to provide the correct beneficiary account number and other details and for online payment test transfer is the safest mode; Try to complain immediately to the concern bank for wrong transaction and reply the bank as quick Oct 9, 2017 Currently, etailers charge a specific payment collection fee from online vendors for online payments as well as cash on delivery orders. In an effort to reach a resolution, the RBI said last week, “All payments to merchants which do not involve transfer of funds to nodal banks shall be effected within a quick cash lebanon missouri Feb 4, 2012 These responsibilities helped it deal with the 2008 crisis: in short order it defended the currency, loaned money to cash-strapped banks, gave fall in the rupee, the RBI introduced several obscure measures to bolster it, such as making it more attractive for Indians resident abroad to deposit money in the
Feb 19, 2018 In India, monetary policy of the Reserve Bank of India is aimed at managing the quantity of money in order to meet the requirements of different sectors of the economy and Cash Reserve Ratio(CRR): Commercial Banks are required to hold a certain proportion of their deposits in the form of cash with RBI.Commonly Asked Questions about Tax Implications for Sending Money from USA to India and money transfer from India to USA. In order to transfer the money it must first be deposited in an NRO bank account. Visit RBI Website for Reserve Bank of India and Income Tax Department Website for Indian regulations. Apr 13, 2016 In an effort to make monetary transactions fast & easy and enhance India's e-banking system, the governor of Reserve Bank of India, Raghuram Rajan in With the help of the receiver's unique ID, users can directly share the money without using cash from one account to another account via UPI. quick cash pawn clearwater fl Genesis of non-traditional competitors. With their mandates to tap the unbanked, promote financial inclusion and digitize cash, Payments. Banks (PB) conceptualized by the Reserve Bank of India (RBI) are on their way to revolutionize the banking sector. In India's cash based economy, digital payment instruments will drive
1 day ago “Making the money move around is what actually creates an economy and that's what will actually get BCH off the ground and into a real Panelist Mohit Lalvani is from India and after working in the crypto industry for six years, the Reserve Bank of India (RBI) decided to prohibit any association with See our money-transfer charges. Benefit from India's largest bank network. SBI UK has more than 20,000 branches that can confirm your funds transfer within one business day after we receive them. We can transfer to any other bank branches in India. Get easy access to your cash. Access to your money couldn't be easier Mar 11, 2017 And this is the one that the RBI is musing about here too. We've reduced, for a time, M0, and we think that the effect will be an increase of M4 off into the future. Because some to much of that lower velocity cash money has come into that higher velocity formal banking system. And that's why they're saying quick cash in one day Bank of India (RBI) issued a circular to all banks giving guidelines to be followed by them with regard to the outsourcing of their activities to third party agencies. But somehow cash related activities did not find a place in the circular. This has created a situation where public money is at risk due to the following reasons: 1.
In order to provide low cost banking services, we offer “basic banking” checking accounts to all consumers who fulfill the following requirements: • Residents of . You may also withdraw cash from Money Market Deposit Account or checking Account at an ATM machine using the debit card associated to your account up to Apr 22, 2018 However, due to the April 6 circular issued by the RBI, the company claimed it would not be able to avail banking services, imperative for its business, . Unless cash recipients literally spent the money on gasoline to set fire to their neighbors' farms, the scope of negative spillovers required to explain the Oct 2, 1975 A banking system also referred as a system provided by the bank which offers cash management services for credit, and payment services, such as checking accounts, money orders, and cashier's cheques. given the name "State Bank of India", to act as the principal agent of RBI and to handle banking payday loans in virginia beach va Central bank reserves are one of the three types of money, and are created by the central bank in order to facilitate payments between commercial banks. In the following . The Bank of England's liabilities change from £10,000 in RBS's central reserve account, to £10,000 of 'cash outstanding'. (The Bank of England
RATES AT A QUICK GLANCE – as per RBI format. 1. Transaction fee for cash withdrawal against your Credit account at our ATMs and branches, 3% of the transaction amount subject to a minimum of Rs. 30/- for every Rs. 1000 or part thereof. . 4. b) LOCAL DEMAND DRAFT / PAY ORDER / BANKER'S CHEQUE ISSUE :.Online banking system of Austria's Raiffeisen Banking Group; [email protected] Online cash management tool for account management and international transactions; y Online access to custody accounts; [email protected] Special payments application for non-SWIFT banks; e-Rechnung Electronic presentation and payment eMO system aims to simplify the transmission process of money orders by ensuring quick and secure electronic transmission. Time taken for Transmission is very less & amount is paid within a day of booking . the amount of money order is paid in cash at the door step of the payee. Facility for remitting money from one to payday loans calgary ab businesses. In 2005, RBI substantially relaxed its anti-money laundering and combating the financing of 1 The 2008 “Notes on Regulation of Branchless Banking in India” was based on an analysis of existing legislation and . The Post has a dominant role in domestic money transfers through money orders delivered.
Our wide range of ATMs across the country ensures that you are never too far from your money. You can do a wide range of banking transactions like withdraw cash, make HDFC Bank Credit Card payments, check account balance, order cheque book or refill your prepaid mobile. What's more our ATMs allow you to Jun 25, 2008 Customer Norms' and 'Anti-Money Laundering Measures' of our circular dated February. 18, 2005, banks banks were advised to initiate urgent steps to ensure electronic filing of cash transaction report (CTR) While making STRs, banks should be guided by the definition of 'suspicious transaction' as 2.2.7 Postal orders, money orders and retail services from India Post..172. 2.3 Recent .. authorised”. The RBI plays a pivotal role in the development of India's payment and settlement systems .. utilised. 14. Non-scheduled banks maintain cash reserves by holding physical cash or by maintaining a balance in the. payday loans cap canada May 22, 2017 Six months later, however, data from Reserve Bank of India (RBI) shows that a cashless future remains a long way off. In March 2017, total withdrawals Demonetization may not yet be making a significant dent on overall Indian cash usage, but it did give digital payments a jump start. A month after
Individual bank branch operating and processing hours may vary. Our partners are strictly required to observe Reserve Bank of India (RBI) regulations. Bank Account Details Required Inaccurate bank details are the main cause of money transfer failure. Correct account information is crucial. In order for your bank deposit to
Why India's growth story is slowing down - DailyOMar 1, 2018 Almost Rs 12,000 crore, or 80 percent, of online wallet transactions in the country are at risk of going back to cash, as online wallet players fear losing customers because of the Reserve Bank of India's KYC rule. An RBI directive requires wallet companies like Paytm, Mobikwik, Ola Money, Amazon Pay and Minimum reserve requirements are established by central banks in order to ensure that the financial institutions will be able to provide clients with cash upon request. Thus, under normal circumstances, banks minimize their excess reserves and lend out money to clients rather than holding cash in their vaults. Bank rbs personal loans online As per RBI guidelines it is mandatory for customers to provide a valid government issued ID in order to continue using Money in Amazon Pay balance. Know more Prepaid/Virtual bank cards or combination of electronic methods of payments such as Credit/Debit cards with Cash on delivery is not supported to Add money.
Mar 18, 2010 in order to set standards, RBI recently issued directions benchmarking the outstation cheque collection's time frame and charges (see, references  and ). A demand draft is issued against cash or debiting ones account in the bank. . electronic modes of money transfer, for example NEFT or RTGS.Apr 17, 2003 As per the Banking Regulation Act, all banks have to fulfil statutory liquidity ratio (SLR) and cash reserve ratio (CRR) requirements. Besides making sure that a substantial part of the depositors' money is kept absolutely safe and liquid, the RBI controls the usage of funds to ensure that the bank does not Imphal, April 12 2018: To deal with the shortage of hard cash in the banks, the Reserve Bank of India has issued a diversion order and the same is expected to be As such the money from Moreh can be expected only after 11/12 days and moreover the amount is expected to last a maximum of only 3/4 days, added SBI. quick online loans work iii) “RBI” means the Reserve Bank of India. iv) "NEFT Facility" means the Electronic Funds Transfer Facility through the RBI NEFT System. v) "Security Procedure" means a procedure established by agreement between the bank and the customer for the purpose of verifying that the payment order or communication amending
11 hours ago Read more about Telangana asks banks to keep Rs 60 billion cash ready for farmers scheme on Business Standard. The government has made arrangements to distribute cheques for half of that money in the first phase to 5.8 million farmers from May 10, 2018.Jan 10, 2018 The ATM industry in India, where a large portion of the population is still struggling for banking facilities, may be in a rut. Up to 1782 ATMs across the country were shut down between May and November 2017, Reserve Bank of India (RBI) data show. This is the first time in five years that there's been However, RBI has made clear that the rule of 3 free transactions for using other bank's ATM is left to the specific banks, and they can alter this rule as per their internal policies. Totally senseless and another money making scheme. Many times “ATMs are out of order or cash NOT available in SBI ATMs in Bangalore. quick loans queensland Dec 8, 2016 Mumbai: The Reserve Bank of India (RBI) has made several announcements ever since the demonetisation of Rs500 and Rs1,000 notes was announced by Prime Minister Narendra Modi on 8 November. The RBI has periodically changed the rules on cash withdrawal and deposits at banks through the
We have entered into a tie-up with Transfast to offer quick money transfer option to you, using Transfast's online money transfer service, you can transfer your money to your / beneficiary's account maintained with SBI in India at any of the over 22,000 Core Banking Branches of SBI, as also to over 65,000 NEFT/ RTGS Banks maintain and keep records of all the demand deposit accounts of their customers and transform the deposit money into cash, vice versa is also possible as per the requirements of the customers. Technically These norms were initiated by RBI in order to bring in professionalism in commercial banks. The main Jul 1, 2008 RESERVE BANK OF INDIA. Central Office. Mumbai. The Master Circular can also be viewed and be downloaded from RBI. Website issued by RBI on Know Your Customer (KYC) norms/Anti-Money Laundering Maintenance and preservation of records/Cash and Suspicious transactions payday loans start up Aug 1, 2015 Short Reveiw Of R.B.I. Project Report. Planning, designing and organising quick sample surveys regularly for area of interest to the Reserve Bank. . The fundamental object of the Reserve Bank of India is to discharge purely central banking functions in the Indian money market, i.e., to act as the note-
Assume, for simplicity, that treasury deposit of the. Government with RBI is zero. High powered money then consists of currency held by the public and reserves of the commercial banks, which include vault cash and banks' deposits with RBI. Thus. H = CU + R = + = (cdr + rdr)DD. 4See Appendix 3.1 for a brief Jan 10, 2018 He opined that the FDRI Bill was the major reason why customers have lost faith in the banking system. Mr Venkatramaiah said that in order to encourage digital transactions, the government has not been depositing cash in ATMs and will eventually shut all ATMs in the city. Tags: atm, rbi, demonetisation. Nov 29, 2016 So, if the bank closes down, the loan converts to net worth. The RBI is the creator of money. So, it creates an asset to incur a liability. Eg, it bought G-secs/FX to meet public demand for cash. So, if the public no longer needs the cash, the RBI should extinguish the asset backing. There is, thus, no case to payday loans for florida 2.1 The Remittance Tracking Facility (as defined below) made available by ICICI Bank on the Website and further described below and elsewhere on the Website, among other things, provide a Registered User with a technology platform to record remittance requests, track the status of orders and manage electronic
Cash crunch in banks is due to RBI's negligence, Governor should
Images for quick money bank orders cash from rbiThe Legality Of Crypto-Currency And Its Repercussions On The Even such individuals who do not have a bank account (walk-in customers) can also deposit cash at the NEFT-enabled branches with instructions to transfer funds remit funds; Making payment simpler just with the mobile number of the beneficiary; To sub-serve the goal of Reserve Bank of India (RBI) in electronification of person loans online Nov 17, 2014 If the central bank imposed this requirement in order to reduce the money supply, the commercial banks will probably be unable to borrow from the central bank in order to increase their cash reserves if they wished to make further loans. They might try to attract further deposits from customers by raising
From e-commerce to e-wallet: Amazon's potential - QriusMar 19, 2015 Schedule - 6 - Cash and balances with RBI. Schedule - 7 - Balances with Banks and money at call and short notice. Schedule - 8 - Investments. Schedule - 9 - Advances. Schedule - 10 - Fixed Assets. Schedule - 11 - Other Assets. Schedule - 12 - Contingent Liabilities / Bills for Collection. Schedules forming The banks ordinarily do not insist for presence of account holder for making cash withdrawals in case of bearer cheques unless the circumstances which warrants bankers to take precaution. In case of the bearer word in the cheque is cut then it becomes an order instrument .Banks make payment of order cheque only on quick cash writing pdf Dec 1, 2016 If the RBI fails to provide adequate cash, it may lead to serious law and order issues, AIBEA told the central bank. On making recalibrated ATMs available for cash transactions, the task force constituted under RBI Deputy Governor S S Mundra has managed to recalibrate close to 85% of the ATMs.
Jun 7, 2014 Though charges involved in transferring money online is negligible, Demand Draft, popularly known as DD is the most trusted payment instrument by organizations all around. Let's have a look It's a clear instruction by RBI that banks should not accept cash for making a demand draft of Rs.50,000 or more.Amounts up to Rs.50,000/- may be paid in cash to a beneficiary in India. Any amount exceeding this limit shall be paid by means of account payee cheque/ demand draft/ payment order, etc. or credited directly to the beneficiary's bank account only. However, in exceptional circumstances, where the beneficiary is a foreign Dec 14, 2016 THE Reserve Bank of India (RBI) Tuesday issued a notification directing bank chiefs to preserve CCTV recordings of operations at branches and the government on November 28 announced a fresh scheme — the Pradhan Mantri Garib Kalyan Yojana — on declaration of black money, coming just two payday loans the best ones 2 days ago The Reserve Bank of India as the regulator of the banking sector has not taken the banks to task for their customer-unfriendly practices and remained silent, states a Memorandum signed by All India Bank Employees' Association along with NGOs | The Finapolis.
May 14, 2017 The Indian central bank's proposal to introduce a new liquidity tool to help manage a banking system flooded with surplus cash is facing opposition from the government, according to people with knowledge of the matter.Jan 1, 2016 Banks are required to undertake customer due diligence procedures when carrying out occasional cash transaction with a customer, which exceed Birr originals in order to guard against forged or counterfeit documents); checking a local telephone directory (for businesses); making telephone contact Jul 18, 1997 of Economic Affairs (Banking Division) and the Reserve Bank of India (RBI) for payment of pensions to Central Govt. Payment of pension in cash or through a joint account with or without 'either or survivor' facility is not issue the Pension Payment Order, commonly known as PPO. In respect of retired payday loans janesville RBI allows FPIs to invest in treasury bills. Posted Date : 01-May-2018 , 09:51:42 pm | Posted By CASANSAAR. Easing foreign investment rules, the Reserve Bank today permitted FPIs to invest in treasury bills issued by the central government. However, the foreign portfolio investors (FPIs) will have to ensure that their
Apr 19, 2018 Over the past few weeks, bank customers are experiencing unusual cash crunch as they are unable to withdraw money from their account and many ATMs have the 'No The supply and demand of currency notes is taken into consideration by the RBI in order to control the money supply in the economy.Apr 5, 2018 India's central bank said Thursday that the banks and financial institutions it oversees will no longer be allowed to work with cryptocurrency fiat paper/metallic money have led central banks around the world to explore the option of introducing fiat digital currencies," the central bank explained, adding:. Dec 7, 2016 The LRS allows Indian residents to acquire and hold shares, including property, outside India without prior approval of the RBI. In other words, it effectively waives Schedule III of FEMA. Individuals can also open foreign currency accounts with banks outside India for carrying out transactions. Importantly, the payday loans with not references Key Numbers To Watch When Tesla Reports Earnings On
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Compare Loans & Credit Card Offers of Top Banks- Check Loan Eligibility & Get Instant Quote for Personal Loan, Home Loan, Mortgage Loan, Car Loan & Credit Cards!6, Can cash payment be made to the beneficiary under RDA? 7, Can the remittance be credited to the bank account of the beneficiary even if the bank does not have any tie-up with a non-resident Exchange House? Money Transfer Service Scheme (MTSS). 8, What is Money Transfer Service Scheme (MTSS)?. 9, Who is an Dedication, sincerity and honesty of these members/associates brought rich fruits and this Thrift/Credit Society grew up into a big society within twelve years after its formation and successful running was converted into a primary urban Cooperative Bank in 1972 by RBI and was permitted to carry out banking activities personal loans no payday loan Feb 3, 2017 FAST & ECONOMICAL . Remittance services for NRIs based in Gulf & Middle East. Corp Speed Cash/ Instant Cash : This facility is provided to NRIs the beneficiary's account with any branch of Corporation Bank; If beneficiary doesn't have an account with Corporation Bank, a Demand Draft/Pay Order
NSE - National Stock Exchange of India Ltd.Jul 18, 2017 RBI, India's central bank and regulatory authority, likes to keep a close check on inflation and other factors that affect the country's economy. The RBI also helps to keep a check on any illegal money transfer from India. RBI has to be aware that when anyone does a transfer money from India to the USA it is Nov 9, 2017 Banks have been directed that senior citizens and differently-abled people, including the visually-impaired, should be provided basic services such as pick-up and delivery of cash, chequebooks and demand drafts at their residence. payday loans ottawa west Banking Quiz Set- 32 | | GovernmentAdda
Sep 10, 2013 I will not be talking about frauds resulting because of physical loss of credit/debit card or ATM cash withdrawals. If a bank account is hacked and the hacker/cybercriminal starts making online purchases using the stolen card information, bank account user name, password and/or PIN most of the victims Revalidation of Pay Order. 4. 23. --do-. 23 Remittances. Intersol transfer receipt/ payment. 4. 24. -do-. 24 Cash. Cash Handling charges. 4. 25. -do-. 25 Cash. Intersol cash deposit. 4. 26. -do-. 26 Cash. Intersol cash withdrawal. 4. 27. -do-. 27 Cash. Cash deposit by other banks at Currency. Chest. 4. 28. -do-. 28 Cheque Book. Dcit 1(1)(2), Mumbai vs Finproject India P.Ltd, Mumbai on 2 May, 2018 payday loans default in ohio 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 legal tender character of the old Bank Notes in the denominations of ₹ 500 and ₹ 1000 was introduced. 2.
Doc on Billy Hamilton, NFL collusion, Ben Roethlisberger, gardeningSpend less time on your banking and always know where you stand, with access to tools and services that give you quick and easy control over your money. your recurring payments to employees and other vendors, or make a one-time Interac e-Transfer; Simplify your business accounting processes; Maximize cash flow Feb 29, 2016 incentivization of card/ digital transactions and disincentivization of cash based transactions. iv. the transfer of money through electronic means, and the funds flow directly from one account to another. . Department of Financial services/ RBI shall promote Mobile banking to leverage upon the huge personal loan agreement form online Even if you are willing to provide IDs, if the Bank is not willing to accept your cash deposit, then the Bank is not in order and you are entitled to escalate the matter need arises in future, whether it is properly accounted for money or not- meaning whether such cash accumulation is after duly paying the tax to the Exchequer.
Electronic Instructions: means any communication, instruction, order, message, data, information or other materials received by us through the digibank app payments in India by scanning the Quick Response (QR) code and mvisa/Bharat QR merchant shall mean merchants accepting payment using mVisa/Bharat QR.In line with RBI requirements, passport sized photographs of all accountholders / authorised signatories will have to be submitted to the Bank along with other documentation for opening a new account (as defined in the Account Opening Form). Withdrawals. 1. Cash withdrawals should only be made on the printed cheque Apr 7, 2018 However, the latest move of Reserve Bank of India (RBI) directing banks to stop services to cryptocurrency exchange houses has left the exchange houses and traders in a tizzy. While exchange houses are upset for being left out of the decision making process, investors and traders feel the future of payday loans roswell nm a new direction to the banking industry in India and making the industry a more cost- effective instrument for .. broad money (M1) and a low velocity of cash — that is, a low ratio of GDP to narrow money. . In addition, the Reserve Bank of India (RBI) enjoys interest on the reserve assets that offset currency liabilities on the
Nov 29, 2016 The Reserve Bank of India's (RBI) order to banks to set aside 100 per cent of the extraordinary spike in cash deposits between September 16 and the cash reserve ratio (CRR) mandate rather than the reverse repo mechanism — under which the RBI accepts money from banks by selling bonds that banks Apr 16, 2018 This is because Patel considers himself a long term “HODL'er” who is not looking for quick cash, but instead hoping to grow his investments. In a perhaps unintended consequence of the RBI's orders, the bank's directive proved opportune for a lot of traders who used the dip in Bitcoin's price to their Bait money or bait bills are used by banks to aid the tracing of bank robbers. Bait bills are bills whose serial number is recorded by the bank either by making a copy or by listing in a log book. During a bank robbery, if a robber has taken the bait money, details of this can be passed on to the police. If the money is found in the purpose cash loan company Mar 13, 2017 Government and RBI had imposed limits on withdrawal of money from ATMs and bank branches in view of the currency shortage following demonetisation. These limits, however, were being gradually eased, with RBI pumping in new notes of Rs 500 and Rs 2,000. To a question, if fake new currency notes
Nov 28, 2016 The Reserve Bank of India (RBI) in a surprise move on Saturday ordered banks to deposit their extra cash with it, in a bid to absorb excess liquidity generated by the ban on 500 and 1,000 rupee notes. According to the RBI's directive, banks would need to transfer 100 per cent of their cash under the RBI's Individual bank branch operating and processing hours may vary. Our partners are strictly required to observe Reserve Bank of India (RBI) regulations. Bank Account Details Required Inaccurate bank details are the main cause of money transfer failure. Correct account information is crucial. In order for your bank deposit to Dedication, sincerity and honesty of these members/associates brought rich fruits and this Thrift/Credit Society grew up into a big society within twelve years after its formation and successful running was converted into a primary urban Cooperative Bank in 1972 by RBI and was permitted to carry out banking activities payday loans in gallup nm Even if you are willing to provide IDs, if the Bank is not willing to accept your cash deposit, then the Bank is not in order and you are entitled to escalate the matter need arises in future, whether it is properly accounted for money or not- meaning whether such cash accumulation is after duly paying the tax to the Exchequer.
Images for quick money bank orders cash from rbiSee our money-transfer charges. Benefit from India's largest bank network. SBI UK has more than 20,000 branches that can confirm your funds transfer within one business day after we receive them. We can transfer to any other bank branches in India. Get easy access to your cash. Access to your money couldn't be easier Doc on Billy Hamilton, NFL collusion, Ben Roethlisberger, gardening quick monthly personal loan Mar 13, 2017 Government and RBI had imposed limits on withdrawal of money from ATMs and bank branches in view of the currency shortage following demonetisation. These limits, however, were being gradually eased, with RBI pumping in new notes of Rs 500 and Rs 2,000. To a question, if fake new currency notes