This notification, S.O. 3480(E), issued by the Department of Economic Affairs under the Ministry of Finance on November 17, 2016, further amends notification S.O. 3408(E) dated November 8, 2016, concerning the Reserve Bank of India Act of 1934. The amendment introduces provisions allowing: (r) cash withdrawals by farmers from their loan and other accounts as specified by the Reserve Bank of India; and (s) cash withdrawals up to a maximum of Rs. 2,50,000 for wedding expenses, subject to conditions set by the Reserve Bank of India. This notification was issued under subsection 2 of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934). The Joint Secretary, Dr. Saurabh Garg, signed the notification (F. No. 10032016/Cy.I). The original notification S.O. 3408(E) was published on November 8, 2016, and subsequently amended by notifications S.O. 3416(E) (November 9, 2016), S.O. 3429(E) (November 10, 2016), S.O. 3445(E) (November 11, 2016), S.O. 3447(E) (November 13, 2016), and S.O. 3448(E) (November 14, 2016).
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for specifying limits for cash withdrawals by farmers and for wedding expenses.
Ministry of Finance: A department of the Government of India. Responsible for issuing the notification related to amendments in cash withdrawal rules.
Department of Economic Affairs: A department within the Ministry of Finance involved in issuing the notification.
New Delhi: The location where the notification was issued.
Reserve Bank of India Act, 1934: The act under which the Central Government is empowered to amend notifications regarding financial regulations.
S.O. 3408E: Original notification regarding financial regulations, dated 8th November, 2016, which is being amended.
Dr. Saurabh Garg: Joint Secretary who signed the notification.
Government of India Press, Ring Road, Mayapuri, New Delhi110064: Government of India Press where the document was printed
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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No. 2717] NEW DELHI, THURSDAY, NOVEMBER 17, 2016/KARTIKA 26, 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, 17 नव(cid:7013)ब र, 2016
का.आ. 3480(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 नवंबर, 2016, जो भारत के राजप(cid:7074), असाधारण, भाग II, खंड 3, उपखंड (ii) म (cid:7286) तारीख
8 नवंबर, 2016 को (cid:7079)कािशत क(cid:7409) गई थी, को और सशं ोिधत करती ह,ै अथा(cid:6981)त ्:--
1. उ(cid:6989)त अिधसूचना म,(cid:7286) पैरा 1 म,(cid:7286) खंड (थ) के प(cid:7019)च ात् िन(cid:7013)न िलिखत खंड अंत:(cid:7021)थ ािपत (cid:7408)कए जाएगं े, अथात(cid:6981) ् :--
“(द) (cid:7408)कसान(cid:7298) (cid:7367)ारा उनके ऋण और अ(cid:7008)य खात(cid:7298) से नकद िनकासी क(cid:7409) सीमाए ं व े ह(cid:7298)गी, जो भारतीय (cid:7407)रजव(cid:6981) ब(cid:7289)क
(cid:7367)ारा िविन(cid:7416)द(cid:7020) ट क(cid:7409) जाए ं;
(ध) िववाह संबंधी (cid:7018)य य(cid:7298) के िलए ऐसी शत(cid:7300) के अधीन रहते (cid:7263)ए, जो भारतीय (cid:7407)रजव(cid:6981) बक(cid:7289) (cid:7367)ारा िविन(cid:7416)द(cid:7020)ट क(cid:7409) जाए,ं
ब(cid:7289)क खात(cid:7298) स े2,50,000/- (cid:7271)पए क(cid:7409) अिधकतम नकद िनकासी क(cid:7409) जा सकेगी ।
[फा. स.ं 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 नवंबर, 2016 (cid:7367)ारा (cid:7079)कािशत क(cid:7409) गई थी और उसको अिधसूचना सं. का.आ. 3416(अ) तारीख 9 नवंबर,
2016, का.आ. 3429(अ) तारीख 10 नवंबर, 2016, का.आ. 3445(अ) तारीख 11 नवंबर, 2016,
का.आ. 3447(अ) तारीख 13 नवंबर, 2016 और का.आ. 3448(अ) तारीख 14 नवंबर, 2016 (cid:7367)ारा संशोिधत
(cid:7408)कया गया था ।
5345 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 17th November, 2016
S.O. 3480(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 paragraph 1, after clause (q), the following clauses shall be inserted, namely :—
“(r) the limits for cash withdrawal by farmers from their loan and other accounts shall be such, as may be specified
by the Reserve Bank of India;
(s) for wedding expenses a maximum of Rs. 2,50,000/- may be withdrawn in cash from the bank accounts, subject
to such conditions as may be specified by the Reserve Bank of India.”.
[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 and S.O. 3448(E) dated 14.11.2016.
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.