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RBI/2016-17/149
DCM (Plg) No.1346/10.27.00/2016-17
November
22, 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,
Withdrawal of Legal Tender
Character of existing ? 500/- and ? 1000/- Specified Bank Notes (SBNs) –
Cash withdrawal for purpose of celebration of wedding – Modification
Please refer to the circular DCM (Plg) No.1320/10.27.00/2016-17 dated
November 21, 2016. It has been decided to modify the instructions
contained in paragraph 2 vi (c) of the aforesaid circular, as under:
A detailed list of persons to
whom the cash withdrawn is proposed to be paid, together with a declaration
from such persons that they do not have a bank account, where the
amount proposed to be paid is ? 10,000/- or more. The list should
indicate the purpose for which the proposed payments are being made.
Yours faithfully,
(P Vijaya Kumar)
Chief General Manager
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