5000 Deposit Limit
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RBI Amends Rs 5,000-Deposit Order After Backlash, No Questions For KYC Accounts
In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...
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Arun Jaitley Defends Rs 5,000 Deposit Rule
RBI said that deposits above Rs 5000 in old notes will be accepted only after two bank officials satisfy themselves on why the deposits were not made earlier.
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RBI Amends Rs 5,000-Deposit Order After Backlash, No Questions For KYC Accounts
In its 60th notification since the notes ban was announced, the Reserve Bank of India (RBI) today made an important change in how outlawed 500- and 1,000-rupee notes can be deposited in banks after a huge backlash over the rule that required an explanation from people for deposits above Rs 5,000. No questions will be asked for deposits above Rs 5,0...
-
Arun Jaitley Defends Rs 5,000 Deposit Rule
RBI said that deposits above Rs 5000 in old notes will be accepted only after two bank officials satisfy themselves on why the deposits were not made earlier.
