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Income Declaration Scheme, 2016 Acceptance of Cash Over the Counter

RBI - RBI/2016-2017/62 DBR.No.Leg.BC.13/09.07.005/2016-17 - Dated:- 8-9-2016 - RBI/2016-17/62 DBR.No.Leg.BC. 13/09.07.005/2016-17 September 8, 2016 The Managing Directors/Chief Executive Officers All Scheduled Commercial Banks (including RRBs) Dear S .....

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all their customers who desire to deposit cash at the counters. Further, they were also advised to refrain from incorporating clauses, in the terms and conditions, which restrict deposit of cash over the counters. 2. As you are aware, the Income Dec .....

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of large amounts of cash by the declarants under the Scheme, with them, for credit to Government account. 3. We advise that banks must invariably accept cash, irrespective of amount, over the counters from all declarants who desire to deposit cash at .....

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