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Old notes exchange limit cut to Rs.2000
Posted on: 17/Nov/2016 11:21:06 AM
Now the government has announced that people can only exchange Rs 2,000 in cash over the counter in banks. The government has announced the following:
- From Friday, people can only exchange Rs 2,000 in cash over the counter in banks. The earlier limit was Rs 4,500. This is a one-time exchange.
- Families with weddings going on can withdraw Rs 2.5 lakh from one bank account in the family. They have to produce required documents.
- Central government employees can withdraw Rs 10,000 in cash against November salary.
- Traders can withdraw Rs 50,000 in cash.
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