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99.3% demonetised notes returned to banks: Reserve Bank of India

99.3% demonetised notes returned to banks: RBI

99.3% demonetised notes returned to banks: RBI. The Reserve Bank of India (RBI) in its annual report for the year 2017-18 stated that 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system. According to the report, the total value of Specified Bank Notes (SBNs) in circulation as on November 08, 2016, post

Rs 50 cr in banned notes seized in Gujarat on poll day

New Delhi, Dec 10, The Directorate of Revenue Intelligence (DRI) has recovered nearly Rs 50 crore in the banned currency of Rs 500 and Rs 1,000 denomination in Gujarat on election day, the Union Finance Ministry said on Sunday. The scrapped notes were seized on Saturday during the first phase of assembly elections in the

66 machines being used for counting demonetised notes: RBI

66 machines being used for counting demonetised notes: RBI

66 machines being used for counting: At least 66 Sophisticated Currency Verification and Processing (CVPS) machines are being used for counting junked Rs 500 and Rs 1,000 notes that were deposited post demonetisation, the Reserve Bank of India (RBI) has said. A global tender has been floated for the procurement of new CVPS machines, the

RBI still counting demonetised notes: Urjit Patel- daily post india

RBI still counting demonetised notes: Urjit Patel

Reserve Bank of India (RBI) Governor Urjit Patel told a parliamentary panel on Wednesday that the demonetised Rs 500 and Rs 1,000 notes which were deposited in banks after November 8 are still being counted. Therefore, the RBI could not provide the “exact amount” of the scrapped notes received. Just after a month of the

No records among fake currency deposited banks: RBI

Demonetised notes not valid for deposits in small savings schemes: RBI

Mumbai: The Reserve Bank of India (RBI) on Wednesday asked banks not to accept demonetised Rs 500 and Rs 1,000 notes for deposit in the small savings schemes, with immediate effect, an official notification said. No reason was assigned for the move. “Government of India has decided that subscribers may not be allowed to deposit

Golden Temple not to accept demonetised notes

  Amritsar:  The authorities at the Golden Temple here announced on Thursday that they would not accept demonetised currency notes from devotees. Over 100,000 devotees visit the Golden Temple every day and the cash offerings run into lakhs of rupees. “We have instructed our employees not to accept demonetised currency notes at the ‘prasad’ and