Can I deposit 500 and 1000 note in a bank account multiple times ?
Have a query about demonetisation? Want to know if you can deposit 500 and 1000 rupee notes multiple times in a bank? On this page you will get resolution to your queries.
After the government has announced to ban 500 and 1000 rupees I have deposited 5000 in State Bank. Again I want to deposit 2000 rupees which are of 1000 denomination. The SBI manager informed that I cannot deposit money multiple times.
Is there any rule to not deposit money multiple times of 500 and 1000 notes?