Is there a limit on deposit of ₹2000 banknotes into a bank account?
RBI announced withdrawal Rs.2000 Banknote from circulation, the Reserve Bank of India in its recent FAQ clarified on threshold limit on deposit of ₹2000 banknotes into a bank account as under;
Deposit into bank accounts can be made without restrictions subject to compliance with extant Know Your Customer (KYC) norms and other applicable statutory / regulatory requirements.
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