Can deposit old notes more than Rs 5,000 just once per account till December 30, 2016

Deposits of above Rs 5000 in scrapped banknotes can be made only once till the deadline of December 30, the Reserve Bank of India (RBI) said on Monday, the latest in a series of banking restriction placed after the government recalled high-value bills. Further, such deposits will be accepted only after two bank officials have questioned the depositor and satisfied themselves with her explanation.

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