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Will release numbers on junked notes at earliest RBI

News and Press Release - Dated:- 5-1-2017 - Mumbai, Jan 5 (PTI) In a bid to put to rest speculation on the quantum of scrapped notes deposited in banks and post offices, the RBI today said it is reconciling invalid currency with physical cash balance and will release the numbers at the earliest. The Reserve Bank's clarification on the Specified Bank Notes (old ₹ 500/1,000) comes in the backdrop of various reports estimating that over 95 per cent of the defunct notes have been returned .....

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balances to eliminate accounting errors/ possible double counts. The RBI has already initiated this process and till this is completed any estimate may not indicate the actual numbers of the SBNs that have been returned. RBI is taking all steps to complete the process expeditiously so as to release firm figures of SBNs received at an early date, the central bank clarified. On the last day of demonetisation, the RBI had asked all banks including cooperatives to report details of deposits of old & .....

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