https://www.taxtmi.com/news?id=16930 Specified high-denomination bank notes have had their legal tender character withdrawn and may no longer be used for transactions; they can be exchanged or deposited at RBI issue offices, commercial/region al rural/co-operative bank branches and designated post offices. Cash exchange at counters is subject to a limited per-person ceiling while amounts above that are credited to bank accounts. Banks must enforce one-time exchange identification marks, KYC requirements for deposits and transfers, submit applicable CTR/STR reports for large cash deposits, and follow prescribed procedural and documentary conditions for special disbursements and exemptions. en-us Thu, 24 Nov 2016 17:51:00 +0530 Thu, 24 Nov 2016 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16930 Specified high-denomination bank notes have had their legal tender character withdrawn and may no longer be used for transactions; they can be exchanged or deposited at RBI issue offices, commercial/region al rural/co-operative bank branches and designated post offices. Cash exchange at counters is subject to a limited per-person ceiling while amounts above that are credited to bank accounts. Banks must enforce one-time exchange identification marks, KYC requirements for deposits and transfers, submit applicable CTR/STR reports for large cash deposits, and follow prescribed procedural and documentary conditions for special disbursements and exemptions. News - Thu, 24 Nov 2016 17:51:00 +0530 https://www.taxtmi.com/news?id=16930