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Government Will Not Extend December 30 Cut-off For Cash Deposits

Government Will Not Extend December 30 Cut-off For Cash Deposits

Wednesday, November 30, 2016, 11:17 AM

The Government has said there is sufficient cash available with RBI and banks. The Government will not extend the deadline of December 30th 2016, for depositing old 500 and 1000 rupee notes. To meet the cash requirements in rural areas, banks have been advised to supply rupee notes of smaller denominations (INR 100 or less). Banks will increase security at branches and ATMs.
RBI
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