Udayavni Special

99.3% of demonetised currency returned to banks: RBI


Team Udayavani, Aug 29, 2018, 12:21 PM IST

New Delhi: As many as 99.3 per cent of the old 500 and 1,000 rupee notes, that were banned overnight in November 2016, have been returned, the Reserve Bank of India said in its annual report.

Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned.

The “humungous task of processing and verification of specified bank notes (SBNs) was successfully achieved,” it said. 

The SBNs received were verified, counted and processed in the sophisticated high speed currency verification and processing system (CVPS) for accuracy and genuineness and then shredded, it added.

SBNs refer to the demonetised old 500 and 1,000 rupee.

RBI said the processing of SBNs has since been completed. “The total SBNs returned from circulation is Rs 15,310.73 billion.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Sixth grade student shaves off hair, donates it for a good cause

Events in Afghanistan raise questions about use of terrorism to change State structure: Rajnath

IndiGo says no direction to company in arbitration award related to promoters’ feud

New Punjab Cabinet: 7 fresh faces likely to join Channi’s team

Rohini court shootout: Security tightened in jails where Gogi, Tillu gang members lodged

Congress veteran V M Sudheeran resigns from KPCC political affairs committee

Worker dies in private iron factory

Related Articles More

CCI slaps Rs 873-crore fine on UBL, Carlsberg for price-fixing

Journey of Sensex: From 1,000 to 60,000 in over 31 years

Amazon India to host ”Great Indian Festival 2021” from Oct 4

Rupee falls 13 paise to 73.77 against US dollar in early trade

Sensex zooms over 350 pts to hit 60K for first time; Nifty crosses 17,900

MUST WATCH

BHARAT BANDH ISSUED BY COMMUNIST PARTY

PILI STEPS AT THE SHARJAH STADIUM

Pigs and street dogs in dandeli city

Kahale: Contributions Of North Karnataka To State,

Blacksmith works problem in thekkatte


Latest Additions

Sixth grade student shaves off hair, donates it for a good cause

Judges occupying highest moral ground go long way in building public confidence: SC

Events in Afghanistan raise questions about use of terrorism to change State structure: Rajnath

Tiger Dance during high voltage IPL match ; Video goes viral

Cattle theft is not confined to specific religions: Mithun Rai

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.