Govt. Allows Central District Cooperative Banks To Deposit Old Notes With RBI [Read Notification]

The Government of India has allowed the Central District Cooperative Banks to deposit the demonetized notes [Rs.500,Rs.1000]  with Reserve Bank of India. To enable this, the Ministry of Finance has notified the Specified Bank Notes (Deposit by Banks, Post Offices and District Central Cooperative Banks) Rules, 2017. The notes shall be deposited within 30 days of commencement of the Rules. In...