New Delhi: Banks on Wednesday began accepting the junked Rs 500/1000 notes in KYC complaint accounts without any questions following RBI's rollback of its stiff conditions a day after customers were subjected to queries while depositing old currency.
With hardly 10 days to go before the deadline ends for depositing the scrapped notes, banks continued to witness rush with tempers flaring occasionally as the RBI notification came during the banking hours, not before the start of the day.
Banks were yesterday directed by the Reserve Bank of India to asks questions to customers depositing over Rs 5,000 as to why they had failed to deposit the old notes earlier.
People crediting money to such accounts were subjected to questioning, on record, in the presence of at least two officials of the bank before receiving a satisfactory explanation. Banks in turn directed branches minutes after RBI issued the notification and bankers promptly started following it from the afternoon.
