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Withdrawal of cash from bank deposit accounts - Relaxation

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..... Withdrawal of cash from bank deposit accounts - Relaxation - News and Press Release Dated:- 29-11-2016 - News - RBI/2016-17/163 DCM.No.1437/10.27.00/2016-17 November 28, 2016 The Chai .....

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..... rman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Cent .....

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..... ral Cooperative Banks Dear Sir, Withdrawal of cash from bank deposit accounts - Relaxation It has been reported that certain depositors are hesitating to deposit their monies into ban .....

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..... k accounts in view of the current limits on cash withdrawals from accounts. 2. As it is impeding active circulation of currency notes, it has been decided, on careful consideration, to allow with .....

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..... drawals of deposits made in current legal tender notes on or after November 29, 2016 beyond the current limits; preferably, available higher denominations bank notes of ₹ 2000 and ₹ 500 ar .....

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..... e to be issued for such withdrawals. Yours faithfully, (P Vijaya Kumar) Chief General Manager - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement .....

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..... - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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