Executive Summary:
This notification, dated November 24, 2016, further amends a previous notification (S.O. 3408E) regarding the Reserve Bank of India Act of 1934. The key changes involve extending the deadline in paragraphs 1 & 2 to December 15, 2016, modifying acceptable payment methods, and introducing new payment categories. Some clauses are omitted effective November 25, 2016.
Key Points / Main Content:
* **Amendment of Deadline:**
* The dates of "24th November 2016" in paragraphs 1 and 2 are replaced with "15th December 2016".
* **Changes in Acceptable Payments:**
* Central or State Governments can accept payments up to Rs. 5000 at a time.
* Clauses g and h are omitted, effective November 25, 2016.
* Clause p is substituted to include "making payments towards water, electricity charges".
* The proviso in clause r is omitted, effective November 25, 2016.
* **New Payment Categories Introduced:**
* Payments towards school fees up to Rs. 2000 per student in Central/State Government/Municipality/Local Body schools are now permitted.
* Payments towards fees for Central/State Government colleges are now permitted.
* Prepaid mobile top-ups up to Rs. 500 for every top-up are now permitted.
* Payments at toll plazas under the National Highways Authority of India are permitted, effective December 3, 2016.
* **Clarification on Specified Bank Notes:**
* Effective November 25, 2016, "specified bank notes" refers only to bank notes of five hundred rupees for the purposes of all clauses in paragraph 1.
Impact Analysis:
* **Central and State Governments:**
* *Impact:* Can accept payments up to Rs. 5000 at a time.
* *Action Required:* Implement the new limit for accepting payments.
* **Schools (Central Government, State Government, Municipality or Local Body):**
* *Impact:* Can receive fee payments.
* *Action Required:* Implement and account for the new payment methods up to Rs. 2000 per student.
* **Colleges (Central Government and State Government):**
* *Impact:* Can receive fee payments.
* *Action Required:* Implement and account for the new payment methods.
* **Mobile Users:**
* *Impact:* Can use old notes for mobile top-ups.
* *Action Required:* Be aware of the Rs. 500 limit per top-up.
* **Toll Plaza Operators (National Highways Authority of India):**
* *Impact:* Can accept payments until December 3, 2016.
* *Action Required:* Prepare for the change effective December 3, 2016.
* **General Public:**
* *Impact:* Changes in where specified bank notes can be used.
* *Action Required:* Be aware of the extended deadline (December 15, 2016).
Key Entities Referenced
Reserve Bank of India Act, 1934: The Act of the Indian Parliament that established the Reserve Bank of India.
Ministry of Finance: The Indian government ministry responsible for financial matters.
Department of Economic Affairs: A department within the Ministry of Finance in the Indian government.
New Delhi: The capital city of India, where the notification was issued.
Central Government: The executive authority of the Union of India.
State Government: The government of an individual state within India.
National Highways Authority of India: An autonomous agency of the Government of India, responsible for management of a network of National Highways.
Dr. Saurabh Garg: Joint Secretary in the Government of India.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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PUBLISHED BY AUTHORITY
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No. 2774] NEW DELHI, THURSDAY, NOVEMBER 24, 2016/AGRAHAYANA 3, 1938
िव(cid:7004)त म(cid:7074)ं ालय
(आ(cid:7414)थक काय (cid:6981)िवभाग)
अिधसचू ना
नई (cid:7408)द(cid:7016)ली, 24 नव(cid:7013)ब र, 2016
का.आ. 3544(अ)—क(cid:7286)(cid:7076)ीय सरकार, भारतीय (cid:7407)रजव (cid:6981) ब(cid:7289)क अिधिनयम, 1934 (1934 का 2) क(cid:7409) धारा 26 क(cid:7409) उपधारा
(2) (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करते (cid:7263)ए, भारत सरकार, िव(cid:7004)त मं(cid:7074)ालय, आ(cid:7414)थक काय(cid:6981) िवभाग क(cid:7409) अिधसूचना
सं. का.आ. 3408(अ) तारीख 8 नव(cid:7013) बर, 2016, जो भारत के राजप(cid:7074), असाधारण, भाग II, खंड 3, उपखंड (ii) म(cid:7286) तारीख
8 नव(cid:7013) बर, 2016 को (cid:7079)कािशत क(cid:7409) गई थी, का और संशोधन करती ह,ै अथा(cid:6981)त ्:--
1. उ(cid:6989)त अिधसूचना म,(cid:7286) पैरा 1 और पैरा 2 म(cid:7286), “24 नव(cid:7013)ब र, 2016” अंक(cid:7298) और श(cid:7011)द के (cid:7021)थ ान पर, दोन(cid:7298) (cid:7021)थ ान(cid:7298) पर, जहा ं
वे आत ेह,(cid:7289) “15 (cid:7408)दसंबर, 2016” अकं और श(cid:7011) द रख ेजाएंगे ।
2. उ(cid:6989)त अिधसूचना म,(cid:7286) पैरा 1 म,(cid:7286)--
(i) खंड (ग) म,(cid:7286) “क(cid:7286)(cid:7076)ीय सरकार” श(cid:7011)द (cid:7298) के (cid:7021)थ ान पर, “एक बार 5,000/- (cid:7271)पए क(cid:7409) सीमा तक, क(cid:7286)(cid:7076)ीय सरकार” श(cid:7011)द
और अकं रखे जाएगं े ;
(ii) खंड (छ) और खंड (ज) का 25 नव(cid:7013)ब र, 2016 (24 नव(cid:7013)ब र, 2016 क(cid:7409) म(cid:7007)य राि(cid:7074)) स ेलोप (cid:7408)कया जाएगा ;
(iii) खंड (त) के (cid:7021) थान पर, िन(cid:7013) निलिखत खंड रखा जाएगा, अथात(cid:6981) ् :--
“(त) जल, िव(cid:7378)ुत (cid:7079)भार(cid:7298) क(cid:7409) बाबत संदाय करन ेके िलए ;”;
(iv) खंड (द) के परंतकु का 25 नव(cid:7013)ब र, 2016 से लोप (cid:7408)कया जाएगा ;
(v) खंड (द) के प(cid:7019) चात्, िन(cid:7013) निलिखत खंड अंत:(cid:7021)थ ािपत (cid:7408)कए जाएंगे, अथा(cid:6981)त ्:--
5442 GI/2016 (1)
(cid:32)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
“(ध) क(cid:7286)(cid:7076)ीय सरकार, रा(cid:6996) य सरकार, नगरपािलका या (cid:7021)थ ानीय िनकाय के िव(cid:7378)ालय(cid:7298) म,(cid:7286) (cid:7079)ित िव(cid:7378)ाथ(cid:7278)
2,000/- क(cid:7409) सीमा तक, िव(cid:7378)ालय फ(cid:7409)स क(cid:7409) बाबत संदाय करने के िलए ;
(न) क(cid:7286)(cid:7076)ीय सरकार या रा(cid:6996) य सरकार के महािव(cid:7378)ालय(cid:7298) क(cid:7409) फ(cid:7409)स क(cid:7409) बाबत संदाय करने के िलए ;
(प) पूवस(cid:6981) ंद(cid:7004) त मोबाइल टॉप-अप क(cid:7409) बाबत, (cid:7079)ित टॉप-अप 500/- (cid:7271)पए क(cid:7409) सीमा तक, संदाय करन े के
िलए;
(फ) 3 (cid:7408)दसंबर, 2016 से भारतीय रा(cid:7020)(cid:7069) ीय राजमाग(cid:6981) (cid:7079)ािधकरण के अधीन टोल (cid:7009)ल ाजा(cid:7312), िजसके अंतग(cid:6981)त
सुिवधा(cid:7061)ाही ह,(cid:7289) पर सदं ाय करन ेके िलए :
परंत ु यह (cid:7408)क 25 नव(cid:7013) बर, 2016 से इस परै ा के सभी खंड(cid:7298) के (cid:7079)योजन(cid:7298) के िलए, िविन(cid:7416)द(cid:7020)ट ब(cid:7289)क नोट(cid:7298) स े
केवल पाँच सौ (cid:7271)पए अ(cid:7408)ं कत मू(cid:7016)य के बक(cid:7289) नोट अिभ(cid:7079)ते ह(cid:7298)ग े।”।
[फा. सं. 10/03/2016-सीवाई. I ]
डॉ. सौरभ गग(cid:6981), संयु(cid:6989)त सिचव
(cid:7407)ट(cid:7009) पण : मूल अिधसूचना, भारत के राजप(cid:7074), असाधारण, भाग II, खंड 3, उपखंड (ii) म (cid:7286)अिधसूचना स.ं का.आ. 3408(अ),
तारीख 8 नव(cid:7013) बर, 2016 (cid:7367)ारा (cid:7079)कािशत क(cid:7409) गई थी और अिधसूचना स.ं का.आ. 3416(अ) तारीख 9 नव(cid:7013)ब र,
2016, का.आ. 3429(अ) तारीख 10 नव(cid:7013)ब र, 2016, का.आ. 3445(अ) तारीख 11 नव(cid:7013)ब र, 2016, का.आ.
3447(अ) तारीख 13 नव(cid:7013) बर, 2016, का.आ. 3448(अ) तारीख 14 नव(cid:7013)ब र, 2016, का.आ. 3480(अ) तारीख
17 नव(cid:7013) बर, 2016, का.आ. 3489(अ) तारीख 18 नव(cid:7013)ब र, 2016 और का.आ. 3490(अ) तारीख 20 नव(cid:7013)ब र,
2016 (cid:7367)ारा संशोिधत क(cid:7409) गई ।
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 24th November, 2016
S.O. 3544(E).— In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of
India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India,
in the Ministry of Finance, Department of Economic Affairs number S.O. 3408(E) dated the 8th November, 2016
published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016,
namely:—
1. In the said notification, in paragraphs 1 and 2, for the words, figures and letters “the 24th November, 2016”,
occurring at both places, the words, figures and letters “the 15th December, 2016” shall be substituted.
2. In the said notification, in paragraph 1,—
(i)(cid:32) in clause (c), after the words “Central or State Governments”, the words “up to a limit of Rs. 5000/- at a time”
shall be inserted;
(ii)(cid:32) clauses (g) and (h) shall be omitted with effect from 25th November, 2016 (midnight of 24th November, 2016);
(iii)(cid:32)for clause (p), the following clause shall be substituted, namely:—
“(p) for making payments towards water, electricity charges;”;
(iv)(cid:32) in clause (r), proviso shall be omitted with effect from 25th November, 2016;
(v)(cid:32) after clause (r), the following clauses shall be inserted, namely :—
“(s) for making payments towards school fees up to a limit of Rs. 2000/- per student in the Central
Government, State Government, Municipality or Local Body schools;
(t) for making payments towards fees for the Central Government or the State Government colleges;
(u) for making payments towards pre-paid mobile top-up up to a limit of Rs. 500/- for every top-up;
(v) for making payments at the toll plazas under National Highways Authority of India including
concessionaires, with effect from 3rd December 2016:¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3
Provided that, with effect from 25th November, 2016, for the purposes of all clauses of this paragraph,
specified bank notes shall mean bank notes of the denominational value of five hundred rupees only.”.
[F. No. 10/03/2016-Cy. I ]
Dr. SAURABH GARG, Jt. Secy.
Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)
(cid:100)(cid:101)(cid:118)(cid:105) notification number S.O. 3408(E) dated the 8th November, 2016 and subsequently amended (cid:100)(cid:101)(cid:118)(cid:105) notification
number S.O. 3416(E) dated the 9th November, 2016, S.O. 3429(E) dated the 10th November, 2016, S.O. 3445(E)
dated the 11th November, 2016, S.O. 3447(E) dated the 13th November, 2016, S.O. 3448(E) dated the
14th November, 2016, S. O. 3480(E) dated the 17th November, 2016, S.O. 3489(E) dated the 18th November,
2016 and S.O. 3490(E) dated the 20th November, 2016.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.