Bank Deposits Above Rs 5000

Bank Deposits Above Rs 5000 News

RBI U-turn on Rs 5,000 deposit rule: It’s time for Central bank to come out of its trance
Business

RBI U-turn on Rs 5,000 deposit rule: It’s time for Central bank to come out of its trance

It’s time the RBI should take the lead of the demonetisation plan, make up its mind and guide the economy and the general public through this uncertain phase.

RBI takes a U-turn, now withdraws restriction on KYC accounts with deposits above Rs 5,000
Business

RBI takes a U-turn, now withdraws restriction on KYC accounts with deposits above Rs 5,000

After banning old Rs 500 and Rs 1,000 notes on 8 November, the government had allowed all of the cash holdings with any person to be deposited in bank accounts till December 30.

Demonetisation: RBI curbs deposits; 6 points to note if you have more than Rs 5,000 old notes
India

Demonetisation: RBI curbs deposits; 6 points to note if you have more than Rs 5,000 old notes

The explanation of the customer on why the depositing the cash was delayed will be kept on record to facilitate an audit trail at a later stage