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TTD writes to RBI for extending acceptance of old notes by banks - Tv5

Thu, Jan 05, 2017, 07:41 PM
Tirumala Tirupati Devasthanams (TTD) board has requested Reserve Bank of India (RBI) to further extend the date acceptance of banned notes by the banks. They said that because of the expiry of the deadline on December 31st, they are unable to deposit some lakhs of rupees worth of old notes in bank. People, who have seen a good chance of getting rid of their stash of banned notes, by dropping it in the Tirumala Hundi. As these notes are still coming in despite completion of deadline, the TTD officials requested for extension of deadline. Meanwhile, TTD that has deposited most of the cash, will lose heavily, if the RBI refuses to relax the rules.
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