November 17, 2016 1:05 PM
Customer PAN must for deposit exceeding Rs 50,000: RBI to banks
In the wake of demonetisation of high-value currency, RBI has asked banks to ensure that customers submit a copy of permanent account number (PAN) card for any cash deposit exceeding 50,000 rupees, if it is not already seeded with the account. <br/><br/>The apex bank said this in a notif...