RBI/2016-17/151
DCM (Plg) No.1351/10.27.00/2016-17
November
23, 2016
The Chairman / Managing
Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural
Banks /
Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Deposit of specified banknotes
(SBN) in Small Savings Schemes
Please refer to our circular DCM (Plg) No.1226/10.27.00/2016-17 dated
November 08, 2016 on Withdrawal of Legal Tender Character of
existing ? 500/- and ? 1000/- Bank Notes.
2. We advise that Government of
India has decided that subscribers of Small Savings Schemes may not be
allowed to deposit SBNs in Small Savings Schemes. Banks are, therefore,
advised not to accept SBNs for deposits in Small Saving Schemes with
immediate effect.
3. Please acknowledge receipt.
Yours faithfully,
(P Vijaya Kumar)
Chief General Manager
|