Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding
Internet bit from this:
Supposedly, you have a wedding at home. And you withdrew large amount of money in the month of October. It was probably in notes of 500 and 1000. What are you going to do with it now? You deposit it back and you cannot take it out through this route. You would need to be lucky enough to have 2.5L in your account leftover before 8th. I wonder how the banks would look towards deposits made from other bank accounts after 8th.
Internet bit from this:
i. A maximum of ₹ 250000/- is allowed to be withdrawn from the bank deposit accounts till December 30, 2016 out of the balances at credit in the account as at close of business on November 08, 2016.
Supposedly, you have a wedding at home. And you withdrew large amount of money in the month of October. It was probably in notes of 500 and 1000. What are you going to do with it now? You deposit it back and you cannot take it out through this route. You would need to be lucky enough to have 2.5L in your account leftover before 8th. I wonder how the banks would look towards deposits made from other bank accounts after 8th.