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RBI modifies rules on deposits over Rs.5000 in old notes

Wed 21 Dec 2016, 13:50:08

The Reserve Bank of India on Wednesday modified the old currency deposit rules.

The RBI in its new notice said that fully KYC compliant

account holders can deposit over Rs 5000 in old Rs 500 and Rs 1000 notes without any questions asked.

More details are awaited.

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