Limit for Exchange Over the Counters Revised - RBI - Reserve Bank of India
Limit for Exchange Over the Counters Revised
RBI/2016-17/139 November 17, 2016 The Chairman / Managing Director/Chief Executive Officer, Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Exchange over the counters Please refer to our Circular No. DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 on the captioned subject. 2. On a review it has been decided that the limit of exchange of SBNs in cash, across the counter of the banks shall be ₹ 2000 with effect from November 18, 2016. This facility will be available only once per person. 3. Please acknowledge receipt. Yours faithfully, (P Vijaya Kumar) |