Bank customers in India will not be allowed to deposit more than Rs5,000 without first being questioned by bank officials, the government has announced.
Yesterday’s move is the latest in a string of changes to the rules governing the demonetisation scheme since it was unveiled last month.
The finance ministry said customers would be allowed to make one payment of more than Rs5,000 ($74) before the December 30 deadline for exchanging money, but only after explaining why they had not done so in the previous six weeks.
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