Rs 5000 Deposit Rule
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No Questions Will Be Asked For Depositing Above Rs 5000, Says Reserve Bank
According the modified rule, KYC or Know Your Customer-complaint bank accounts will be exempted from the Rs 5,000 deposit norms.
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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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New Rules Are 'Desperate' Steps Of 'Desperate' Government: P Chidambaram
Dubbing the new rule on deposit of old currency notes as "desperate measures of a desperate government", former Finance Minister P Chidambaram today said hoarders have laundered their money while the poor and the middle class have been left high and dry.
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Repeat Deposits Of Old Notes Raise Doubts: Arun Jaitley On Latest Rule Change
Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...
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Why Not Deposit All In One Go, Says Finance Minister Arun Jaitley, On New Rs 5,000 Rule
After tightening rules for depositing old 500 and 1000-rupee notes, Finance Minister Arun Jaitley said on Monday evening that no questions will be asked if any amount of scrapped currency is deposited in one go but repeated deposits may raise queries.
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In New Rule, Old Notes Above Rs 5,000 Can Be Deposited Only Once
The RBI said that even in case of deposits below Rs 5,000, if the cumulative deposit exceeds Rs 5000, "they may be subject to the procedure to be followed in case of tenders above Rs 5000".
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New Deposit Scheme Allows Old Notes Worth 5,000-Plus Only Once Till December 30
The government has in new restrictions said that deposits of more than 5,000 rupees in old 500 and 1,000-rupee notes can be made in a bank account only once from today till December 30, the deadline for depositing old notes. The Finance Ministry said any deposit of over Rs 5,000 will be subject to questioning by two bank officials, who have to be g...
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No Questions Will Be Asked For Depositing Above Rs 5000, Says Reserve Bank
According the modified rule, KYC or Know Your Customer-complaint bank accounts will be exempted from the Rs 5,000 deposit norms.
-
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.
-
New Rules Are 'Desperate' Steps Of 'Desperate' Government: P Chidambaram
Dubbing the new rule on deposit of old currency notes as "desperate measures of a desperate government", former Finance Minister P Chidambaram today said hoarders have laundered their money while the poor and the middle class have been left high and dry.
-
Repeat Deposits Of Old Notes Raise Doubts: Arun Jaitley On Latest Rule Change
Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...
-
Why Not Deposit All In One Go, Says Finance Minister Arun Jaitley, On New Rs 5,000 Rule
After tightening rules for depositing old 500 and 1000-rupee notes, Finance Minister Arun Jaitley said on Monday evening that no questions will be asked if any amount of scrapped currency is deposited in one go but repeated deposits may raise queries.
-
In New Rule, Old Notes Above Rs 5,000 Can Be Deposited Only Once
The RBI said that even in case of deposits below Rs 5,000, if the cumulative deposit exceeds Rs 5000, "they may be subject to the procedure to be followed in case of tenders above Rs 5000".
-
New Deposit Scheme Allows Old Notes Worth 5,000-Plus Only Once Till December 30
The government has in new restrictions said that deposits of more than 5,000 rupees in old 500 and 1,000-rupee notes can be made in a bank account only once from today till December 30, the deadline for depositing old notes. The Finance Ministry said any deposit of over Rs 5,000 will be subject to questioning by two bank officials, who have to be g...
