Cash Withdrawal for Marriage – RBI Modified Condition

By | November 23, 2016
(Last Updated On: November 23, 2016)

DCM (Plg) No.1346/10.27.00/2016-17

November 22, 2016

The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks.

Dear Sir,

Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding – Modification

Please refer to the circular DCM (Plg) No.1320/10.27.00/2016-17 dated November 21, 2016. It has been decided to modify the instructions contained in paragraph 2 vi (c) of the aforesaid circular, as under:

A detailed list of persons to whom the cash withdrawn is proposed to be paid, together with a declaration from such persons that they do not have a bank account, where the amount proposed to be paid is ₹ 10,000/- or more. The list should indicate the purpose for which the proposed payments are being made.

Yours faithfully,

(P Vijaya Kumar)
Chief General Manager

Direct Taxes Ready Reckoner
Service Tax Ready Reckoner
Company Law Ready Reckoner
tax deduction at source
New Books Released on Tax , GST and law

2 thoughts on “Cash Withdrawal for Marriage – RBI Modified Condition

  1. Pingback: Cash withdrawal for Marriage – RBI circular / Notification | Tax Heal

  2. Pingback: Withdrawal for Marriage Max. Rs Limit 2.5 Lakh : Govt Notification | Tax Heal

Leave a Reply

Your email address will not be published. Required fields are marked *