Deposit of specified banknotes (SBN) in Small Savings Schemes - আৰবিআই - Reserve Bank of India
Deposit of specified banknotes (SBN) in Small Savings Schemes
RBI/2016-17/151 November 23, 2016 The Chairman / Managing Director/Chief Executive Officer, Dear Sir, Deposit of specified banknotes (SBN) in Small Savings Schemes Please refer to our circular DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 on Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes. 2. We advise that Government of India has decided that subscribers of Small Savings Schemes may not be allowed to deposit SBNs in Small Savings Schemes. Banks are, therefore, advised not to accept SBNs for deposits in Small Saving Schemes with immediate effect. 3. Please acknowledge receipt. Yours faithfully, (P Vijaya Kumar) |