The RBI data indicates a decline in the total value of Rs 2000 notes in circulation, amounting to 10.8 percent of the total as of March 31, 2023, which is approximately Rs 3.62 lakh crore, it is likely that this amount will be deposited in banks by September 30, 2023.
Individual taxpayers, who want to deposit significant amount of cash in a bank should maintain accurate records and documentation to substantiate the source of the funds. aaa
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