RBI is changing rules like the PM changes his clothes: Rahul Gandhi
"RBI is changing rules like the PM changes his clothes," he tweeted.
The Reserve Bank of India (RBI) on Monday has imposed new conditions on deposit of old notes exceeding Rs 5,000 in a bank account till December 30.
Defunct notes over Rs 5,000 can now be deposited only once per account till Dec 30 after showing reasons for not doing so earlier, according to the RBI circular.
The RBI in its circular dated Dec 19 said that following review of certain provisions dealing with credit of the value of Specified Bank Notes (SBNs) into bank accounts, it has been decided to place certain restrictions on deposits of SBNs into bank accounts while encouraging the deposits of the same under the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016.
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