Deposit of specified bank notes lets banks and post offices obtain exchange value from the Reserve Bank, pending RBI satisfaction. Banks, Post Offices and District Central Cooperative Banks that accepted specified bank notes during the earlier notification windows may deposit those notes in offices of the central banking authority within a limited period after these rules commence and obtain exchange value credited to their accounts, subject to the central banking authority's satisfaction with compliance with the earlier notification and the reasons offered for non-deposit within the earlier timeframe.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deposit of specified bank notes lets banks and post offices obtain exchange value from the Reserve Bank, pending RBI satisfaction.
Banks, Post Offices and District Central Cooperative Banks that accepted specified bank notes during the earlier notification windows may deposit those notes in offices of the central banking authority within a limited period after these rules commence and obtain exchange value credited to their accounts, subject to the central banking authority's satisfaction with compliance with the earlier notification and the reasons offered for non-deposit within the earlier timeframe.
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