RBI modifies circular on depositing over Rs 5000 in banks in old notes
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On Monday, the RBI announced that deposits in old notes will be limited to 5000 rupee, and those exceeding the sum will come under scrutiny. It said the customers would have to answer questions such as why they couldn’t deposit the money so far. Tenders of SBNs up to 5000 rupee in value received across the counter will be allowed to be credited to bank accounts in the normal course until December 30, 2016. #casansaar (NewsonAir)
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