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Evenmore (Private)     06 April 2014

Rbi circular for cash transaction limit

Dear Experts,

I heard there is a circular by RBI w.r.t to the money laundering where RBI has mentioned beyond Rs. X, it should be through Bank Transaction ONLY and NOT cash transaction.

Is anyone aware of that circular ? What is the limit on cash transactions ?

Can anyone please share those details.


Thanks in advance.

 



Learning

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