Tuesday, December 13, 2016

Banks to request customers to indicate old and new currency in deposit slips: FinMin

Maintenance of records regarding deposit of old demonetized currency and new currency is essential both in the bank record as well as the customer’s record. Though most banks providing correct information to the customers yet to ensure that it is done in 100% of cases without fail, all the bank branches in the country be alerted to reflect correctly the cash deposit in old and new currency and inform the customers about the same. Thus, the Government has directed banks to display a prominent sign requesting their customers to fill-up deposit slips clearly indicating old and new currency and the denomination of notes.

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