https://www.taxtmi.com/news?id=17000 Regulatory guidance places precautionary operational limits on PMJDY accounts funded through deposits of Specified Bank Notes after November 09, 2016 to guard against money laundering and benami transaction risks. Banks must distinguish account holders by KYC status: fully KYC compliant holders may withdraw up to a specified monthly cap from SBN-funded amounts with further withdrawals permitted only after verification and documented genuineness; limited or non-KYC holders face a lower monthly cap within an overall PMJDY ceiling. en-us Wed, 30 Nov 2016 13:06:33 +0530 Wed, 30 Nov 2016 13:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17000 Regulatory guidance places precautionary operational limits on PMJDY accounts funded through deposits of Specified Bank Notes after November 09, 2016 to guard against money laundering and benami transaction risks. Banks must distinguish account holders by KYC status: fully KYC compliant holders may withdraw up to a specified monthly cap from SBN-funded amounts with further withdrawals permitted only after verification and documented genuineness; limited or non-KYC holders face a lower monthly cap within an overall PMJDY ceiling. News - Wed, 30 Nov 2016 13:06:33 +0530 https://www.taxtmi.com/news?id=17000