<h1>India Sets One-Time Deposit Rule for Old Notes Over Rs. 5000 Before December 30, 2016, Amid Demonetization.</h1> The Indian government has announced that amounts exceeding Rs. 5000 in old Rs. 500 and Rs. 1000 notes can only be deposited once before December 30, 2016. This decision aims to reduce bank queues following the demonetization announcement. Banks will conduct due diligence on reasons for delayed deposits. Deposits below Rs. 5000 can continue as usual, but cumulative deposits over Rs. 5000 will follow specific procedures. The public can use old notes for tax payments and under the Pradhan Mantri Garib Kalyan Yojana until December 30. District Cooperative Central Banks can deposit old notes collected earlier, with NABARD auditing KYC documents.