https://www.taxtmi.com/news?id=16836 Withdrawal of legal tender character applies to specified bank notes of Rs.500 and Rs.1000 issued until 8 November 2016; these notes can be exchanged at RBI issue offices, bank branches and post offices, with cash disbursal subject to a per person ceiling and any excess credited to a bank account. Identification and KYC are required; representatives may act by written mandate. Deposit into accounts and use of deposit machines and electronic payment systems are permitted, deposits/loan account credits are allowed with reporting obligations, and the exchange scheme closes on 30 December 2016 with limited follow up facilities at designated RBI offices. en-us Sat, 12 Nov 2016 13:56:09 +0530 Sat, 12 Nov 2016 13:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16836 Withdrawal of legal tender character applies to specified bank notes of Rs.500 and Rs.1000 issued until 8 November 2016; these notes can be exchanged at RBI issue offices, bank branches and post offices, with cash disbursal subject to a per person ceiling and any excess credited to a bank account. Identification and KYC are required; representatives may act by written mandate. Deposit into accounts and use of deposit machines and electronic payment systems are permitted, deposits/loan account credits are allowed with reporting obligations, and the exchange scheme closes on 30 December 2016 with limited follow up facilities at designated RBI offices. News - Sat, 12 Nov 2016 13:56:09 +0530 https://www.taxtmi.com/news?id=16836