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Banks ordered to deposit old Rs.500-1000 notes at RBI by July 20
Posted on: 21-06-2017 , 01:32:PM | DY365 Bureau

 Image for representational purpose only. Source : Internet

 All the banks and post offices across the country have been asked to deposit the junked, Old Rs 500 and Rs 1,000 notes with the Reserve Bank by July 20.

This is the second notification issued by the government to banks, post offices and cooperative banks for depositing the junked notes with RBI after the earlier notification till December 31, 50 50-day period of demonetisation of high value currency.

 A government notification said that the specified bank notes may be deposited in any office of the Reserve Bank.

They should also cite valid reasons for non-deposit of the specified bank notes within the period, the notification said.


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