In continuation to the notification on the old high denomination bank notes of INR 500 and INR 1000, RMA would like to now inform the public and business firms, etc., holding the stated INR bank notes to make only onetime deposit into their respective bank account (permissible in one bank only) before the close of business on 15 December 2016. The banks will not accept repeated deposits of INR from a person or a business firm in his or its bank account.This is to avoid misuse of the facility provided.
Further, the public is requested to refrain from depositing or exchanging INR into Ngultrum on behalf of the other person(s), particularly in the border towns. Such act will be considered offence as per the relevant laws of the country.
Governor