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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding

News and Press Release - Dated:- 22-11-2016 - RBI/2016-2017/145 DCM (Plg) No.1320/10.27.00/2016-17 November 21, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign B .....

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dding Please refer to our Circular No. DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 on the captioned subject. 2. With a view to enable members of the public to perform and celebrate weddings of their wards it has been decided to allow h .....

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transfers, internet banking channels, NEFT/RTGS, etc. Therefore, members of the public should be advised, while granting cash withdrawals, to use cash to meet expenses which have to be met only through cash mode. Cash withdrawals shall be subject to .....

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permitted only from accounts which are fully KYC compliant. iii. The amounts can be withdrawn only if the date of marriage is on or before December 30, 2016. iv. Withdrawals can be made by either of the parents or the person getting married. (Only o .....

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The application for withdrawal shall be accompanied by following documents: (a) An application as per Annex (b) Evidence of the wedding, including the invitation card, copies of receipts for advance payments already made, such as Marriage hall bookin .....

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the proposed payments are being made 3. Banks shall keep a proper record of the evidence and produce them for verification by the authorities in case of need. The scheme will be reviewed based on authenticity/ bona fide use thereof. Yours faithfully .....

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