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Home Demonetization General News SB SB Deposit Rs.5000/- Deposit Order Amended, No questions for KYC Account

Rs.5000/- Deposit Order Amended, No questions for KYC Account

December 21, 2016
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Kindly refer to the instructions issued on 19.12.16 in connection with deposit of SBN (WOS Notes) into the accounts (in excess of Rs. 5000/- only once till 30.12.2016). Now RBI has advised that the provisions of the RBI Circular No. DCM (Plg) No. 10.27.00/2016-17 dated 19.12.2016 at sub para (i) and (ii) will not apply to fully KYC compliant accounts. The copy of the RBI Circular No. DCM (Plg) No. 1911/10.27.00/2016-17 dated 21.12.2016 is attached herewith. 

The above changes/modification may be communicated to all concerned.
With regards,

Sachin Kishore Director (CBS) Sansad Marg,Dak Bhavan
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