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ECI may soon ask candidates to open current accounts

ECI may soon ask candidates to open current accounts

Tuesday, January 31, 2017, 11:11 AM

After the RBI decided to withdraw limits imposed on cash withdrawals, Election Commission of India is set to ask electoral candidates contesting assembly polls to open current accounts. Earlier, ECI had advised candidates to open accounts in banks without specifying the kind. Now, when the RBI removed withdrawals limits from current accounts, the move can help candidates overcome problems faced due to cash shortage.
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