RBI Governor has been asked that if someone goes to deposit Rs 2000 note in the bank, will he have to give PAN card.
On this, he said that there is no need for any kind of document on deposits and exchanges up to Rs 20,000. But as before, it is mandatory to give PAN card on depositing Rs 50,000.
RBI Governor said-
Rs 2,000 notes will remain valid for the time being. RBI is ready to remove every concern of the customers. Old rules of deposit and exchange will apply.
For which transactions are PAN and Aadhaar necessary? PAN-Aadhaar is necessary for depositing Rs 50,000 or more in cash in one or more accounts in a financial year in any bank, corporate bank or post office.
(RBI has sent new rules related to exchange and deposit of your 2000 rupee note to the banks. You should also know)
It is also required for cash withdrawal of Rs 20 lakh from one or more accounts in a banking company or co-operative bank or post office in a financial year.
PAN-Aadhaar will be mandatory for opening a current account or cash credit account in a banking company, co-operative bank or post office. (After all RBI Governor said- that the life cycle of Rs 2000 note is over)
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