Relaxation for Government Departments - ಆರ್ಬಿಐ - Reserve Bank of India
Relaxation for Government Departments
RBI/2016-17/124 November 11, 2016 The Chairman / Managing Director/ Chief Executive Officer, Dear Sir Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes –Limit for Withdrawal of Cash Please refer to our circular DCM (Plg) No.1251/10.27.00/2016-17 November 10, 2016 on the captioned subject and see the following additional instructions in this regard: 2. Governments Departments may be allowed to draw cash beyond the stipulated limit of ₹ 10,000/-, in exceptional cases, only on production of evidence justifying their cash requirements in writing, at the discretion of an officer in the rank of General Manager and above. Yours faithfully (P Vijaya Kumar) |