DCM (Plg) No. 1911/10.27.00/2016-17
The Chairman / Managing
Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks
Withdrawal of Legal Tender
Character of existing ? 500/- and ? 1000/- Bank Notes (Specified Bank
Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts-
Please refer to our circular
DCM (Plg) No. 1859/10.27.00/2016-17 dated December 19, 2016. On a review of
the above, we advise that the provisions of the above circular at sub para
(i) and (ii) will not apply to fully KYC compliant accounts.
2. Please acknowledge receipt.
(P Vijaya Kumar)
Chief General Manager