https://www.taxtmi.com/news?id=16804 The notification withdraws the legal tender character of specified high denomination banknotes and permits exchange at RBI issue offices, bank branches and designated post offices; cash payment is limited per person while amounts exceeding that ceiling are to be credited to bank accounts. Banks will accept deposits including via cash deposit machines and recyclers; electronic payment channels are encouraged. Representatives may tender notes with written authorization and valid identity proof. A time limited exchange window is established with a subsequent RBI facility for late exchanges subject to documentation. en-us Wed, 09 Nov 2016 06:48:28 +0530 Wed, 09 Nov 2016 06:48:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16804 The notification withdraws the legal tender character of specified high denomination banknotes and permits exchange at RBI issue offices, bank branches and designated post offices; cash payment is limited per person while amounts exceeding that ceiling are to be credited to bank accounts. Banks will accept deposits including via cash deposit machines and recyclers; electronic payment channels are encouraged. Representatives may tender notes with written authorization and valid identity proof. A time limited exchange window is established with a subsequent RBI facility for late exchanges subject to documentation. News - Wed, 09 Nov 2016 06:48:28 +0530 https://www.taxtmi.com/news?id=16804