Separate Pay-in-slips for cash deposits of withdrawn bank notes. Depositor with mixed bunch of Specified Bank Notes and legal lender notes has to segregate them-RBI
Reserve Bank of India (RBI) vide its notification dated 14th November, 2016 has taken several measures consequent to withdrawal of Legal Tender Character of Specified Bank Notes by expanding the distribution locations for deposit and withdrawal of cash
Banks have to ensure that the customers use separate pay-in-slips for depositing specified bank notes and other legal tender bank notes.(If a depositor has a mixed bunch of SBN and legal lender notes, he has to segregate them and submit two separate Pay-in slips). Banks have to put in place, within CBS, a mechanism to maintain a record of receipts of SBNs customer-wise and denomination wise whether for exchange or for deposit by way of a flag to facilitate subsequent verification
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