RBI taking scrapped notes from Coop banks but condition applied!

Representational pic Nagpur: Following the Supreme Court's diktat, the Reserve Bank of India may have started accepting the scrapped currency notes of Rs 500 and Rs 1000 from district central cooperatives (DCCBs), the move comes with a rider. A notification...

by Nagpur Today | Published 8 years ago
By Nagpur Today On Wednesday, June 21st, 2017

For another month, cooperative banks can deposit scrapped notes with RBI

Nagpur/New Delhi: As the reports of district cooperative banks unable to shell out enough cash to extend immediate cash relief of Rs 10,000 to farmers it swung into action on an urgent basis. The government has allowed district cooperative banks...