SEBI:Income Declaration Scheme, 2016- Acceptance of Cash over the Counter:
8 September 2016

As the Scheme has come into effect from 1st June, 2016, it has been brought to notice of the government that banks are hesitant in allowing the deposit of large amounts of cash by the declarants with them, for credit to government account. Through this circular, banks are advised to accept cash from all their customers who desire to deposit cash at the counters and to refrain from incorporating clauses, in terms and conditions, which restricts deposit of cash over counter. DBR No. Leg. BC. 13/09.07.005/2016-17

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