Tag Archives: Cash Deposit of more Than Rs 5000

Cash Deposit of more Than Rs 5000 in Old bank Notes- Banks will ask explanation

By | December 19, 2016

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 »