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RBI's U Turn on Rs 5000 deposit limit - Tv9

Wed, Dec 21, 2016, 03:01 PM
With regard to demonetization RBI has said to took U Turn on Rs 5000 deposit limit by 30 December as it been criticised for the same. RBI has withdrawn December 19th circular of acknowledging the deposits above Rs 5000 It is known that after currency ban Central Finance Ministry and RBI has been changing rules every day. As per the latest circular issued by RBI without any limit, deposits can be made for any amount and any number of times in banks before 30 December if they are KYC accounts integrated with IDs such as Pan card and Aadhar card. But for non KYC accounts 19th December circular is only applicable.
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