Shreehari

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Limitation of cash deposits in a current account

11-11-2016

We all know that government has already banned the use of old currencies 500 & 1000 since two days. We have been also informed that there is no limit for depositing cash in our bank accounts but at the same time if you are holding a current account than make sure that you deposit these currencies all at once. If you will go to deposit another sum of amount in old currencies than it means you have made the transactions in banned currencies and it will be an illegal offence.