Questions › Receiving deposits from societies - reg.

Receiving deposits from societies - reg.

 Karnataka SCB on Nov 11, 2016
Sir, This is State Cooperative Bank. There are may societies account in the Bank/Branches. After cancellation of Rs.500/- and Rs,1000/- currencies , the registered societies are tendering lakhs of rupees which were collected from their members are remitting their SB/Current accounts in our Bank/Branch with the respective society PAN. Can we accept these deposits and credit to their account in the Bank. Please clarify immediately.
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