DCM (Plg) No.1302/10.27.00/2016-17
The Chairman / Managing
Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks
Withdrawal of Legal Tender
Character of existing ? 500/- and ? 1000/- Bank Notes – Exchange over the
Please refer to our Circular No. DCM (Plg) No.1226/10.27.00/2016-17 dated
November 08, 2016 on the captioned subject.
2. On a review it has been
decided that the limit of exchange of SBNs in cash, across the counter of
the banks shall be ? 2000 with effect from November 18, 2016. This facility
will be available only once per person.
3. Please acknowledge receipt.
(P Vijaya Kumar)
Chief General Manager