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RBI backtracks on 5000 rupees directive, says those with KYC not to face questions

RBI backtracks on 5000 rupees directive, says those with KYC not to face questions

Dec 21, 2016, at 07:02 pm

Mumbai, Dec 21 (IBNS) : Backtracking on its earlier directive, the Reserve Bank of India on Wednesday said bank customers with KYC need not to face any question while depositing up to Rs. 5,000 in old 500-rupee notes.