Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Maharashtra local bodies get old notes worth Rs 340 crore

maharashtraFinding a ‘clever’ way to deal with the high currency demonetisation, citizens have paid off their pending dues to urban local bodies in Maharashtra using scrapped high-value notes of Rs 500 and Rs 1,000.

Urban local bodies in Maharashtra have recently collected dues worth Rs 340 crore from citizens towards payment of various bills and government dues in scrapped high-value notes of Rs 500 and Rs 1,000.

Advertisementgreylabs

According to the Urban local bodies in Maharashtra, the total amount collected so far stood at Rs 339.57 crore in urban local bodies.

The collection received were pertaining to electricity, water, property and other government dues.

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

Among the listed urban local bodies, Pune collected Rs 4,167 lakh, Mumbai Rs 4,307 lakh, Navi Mumbai Rs 1,716 lakh and Thane Rs 1,450 lakh.

AdvertisementInfoComm India 2026

Adding some relief to the cash crunch situation, the state government had allowed citizens to use the demonetised notes for payment of their electricity and water bills, property tax or other dues.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

Maharashtra has 27 municipal corporations whereas nearly 300 other local civic bodies, acting as semi-government agencies, are mandated to provide essential services to residents by levying bills.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of Banks

Government Named Sanjay Malhotra as New RBI Governor, Shaktikanta Das to Step Down

In a significant development, Sanjay Malhotra, a 1990-batch Indian Administrative Service (IAS) officer, has been appointed as the… Read more →

South Indian Bank names Dolphy Jose as Whole-time Director (ED)

The South Indian Bank Limited has named Dolphy Jose as Whole-time Director (Executive Director) of the Bank, commencing… Read more →

Goldman Sachs Names Sudarshan Ramakrishnan & Devarajan Nambakam as Co-Heads of Investment Banking in India

Goldman Sachs has announced key appointments to its investment banking leadership team in India, underscoring its commitment to… Read more →

Bank of Maharashtra Q1FY25 Results: Net Profit Surges Over 46% to Rs 1,293 cr

Bank of Maharashtra has showcased a 46.6 per cent year-on-year (YoY) increase in profit after tax (PAT), reaching… Read more →

Mashreq names Tushar Vikram as Country Head and CEO of India

Mashreq, a leading financial institution in the MENA region, has announced the appointment of Tushar Vikram as its… Read more →

Bandhan Bank names Ratan Kumar Kesh as Interim MD & CEO

Bandhan Bank has named Ratan Kumar Kesh as the Interim Managing Director & Chief Executive Officer (MD &… Read more →