Celebrate Freedom with 20% OFF on CAclubindia Pro Subscription. Use Code: FREEDOM20

Demonetization

Others 245 views 3 replies

shreya singal

student

297 Points Joined July 2016

Hello everyone.....here I'm once again stuck up with the demonetization concept. Look at the below-given case.....

11/11/2016.......Rs.5000, 16/11/2016.......Rs.19000, 22/11/2016.......24000

Are these transactions within the limits according to the RBI Guidelines???

Replies (3)

gopal

student

212 Points Joined July 2016

why you worry...it is not your problem.. and by the way amount should not exceed 24000 in a week. so it is right. and if it might be wrong then banker should not have given you money.

shreya singal

student

297 Points Joined July 2016

Actually, I'm auditing a bank(concurrent audit).........and I have to report to the Zonal Office on this.....

OK...I am still laughing at my answer. but then also don't worry..
https://googleweblight.com/?lite_url=https://www.financialexpress.com/economy/modi-government-increases-atm-withdrawal-limit-to-rs-2500-you-can-withdraw-rs-24000-from-bank-in-a-week-in-one-go/444886/&ei=SRdMHn9Q&lc=en-IN&s=1&m=377&host=www.google.co.in&ts=1481905710&sig=AF9Nedk61Z6Inv4E92QZdjkD-i1qEatcvQ