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8.9 crore Rs. 1000 currency note have not been returned post demonetisation, says RBI

India Blooms News Service | @indiablooms | Aug 31, 2017, at 12:02 am

#RBI #ReserveBankof India #Demonitisation #NoteBan #CurrencyBan

New Delhi, Aug 30 (IBNS): The Reserve Bank of India on Wednesday said 8.9 crore pieces of Rs. 1,000 notes have not returned till March 2017.

The bank made the revelation in its annual report.

In March 2016, the bank said 632.6 crore pieces of Rs. 1,000 notes were in circulation.

The Centre on Nov 8 banned Rs. 1000 and old Rs. 500 currency notes.

People were given 50 days deadline till Dec 30 to submit their old currency notes.

However, some other categories of people, like NRIs, were given time till June 30, 2017.

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