Cash Deposit of more Than Rs 5000 in Old bank Notes- Banks will ask explanation
RBI has modified the Following Circular Dated 19.12.2016 and said that the provisions of the below circular at sub para (i) and (ii) will not apply to fully KYC compliant accounts. Thus Person can deposit in multiple times Rs 500 and Rs 1000 Old Bank Notes if the account is Fully KYC compliant. Withdrawal of… Read More »