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Restrictions on DCCBs by RBI valid: Khot
If DCCBs are given permission to exchange scrapped notes, some people would have certainly used it for converting their black money into white, hence the restriction over DCCBs is valid, he told reporters in Pune on Thursday. The RBI had last month issued a circular restricting the DCCBs from exchanging or depositing old currency notes of Rs500 and Rs1,000 which were declared as illegal tender under the government's demonetisation move on 8 November.

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