Home » Business » Now, RBI allows exchange of old notes up to Rs 2,000 only once till December 30
long-queus-outside-rbi_b984ebf0-ab6a-11e6-b961-04ee4fa7b706

Now, RBI allows exchange of old notes up to Rs 2,000 only once till December 30

Mumbai: The noose is getting tighter on those who are trying all possible means available to convert black money into white. The Reserve Bank of India on Friday announced that it will limit exchange of old notes into new ones at bank counters only once till December 30. The norm comes into effect starting Friday, November 18.

“On a review it has been decided that the limit of exchange of SBNs(Specified Bank Notes) in cash, across the counter of the banks shall be ₹ 2000 with effect from November 18, 2016. This facility will be available only once per person”, said the RBI in a note to the Chairman, Managing Director, Chief Executive Officer of all public, private banks, Regional Rural Banks, Urban and State Cooperative Banks.

However, there is no limit on making bank deposits.

About Odisha News Times

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

mihir

Ollywood actor Amlan Das was engaged to Bhumika, a girl from a non-filmy background

Cuttack:13/12/19: Popular Ollywood actor Amlan Das got engaged on Sunday.Son of veteran Odia actor Mihir Das, he was engaged to Bhumika, a girl from a non-filmy background. The ring ceremony ...