New Delhi: Old Rs 500 and Rs 1000 notes in excess of Rs 5000 can be deposited only once per account until December 30th 2016, the Ministry of Finance has said.
RBI imposed stiff conditions on deposit of old notes exceeding Rs 5,000.
Credit of deposits in such cases will be accepted only after receiving a satisfactory explanation. The tenderer will be asked as to why this couldn’t be done earlier, according to reports.
(Agencies)
