April 26, 2024 07:56 (IST)
Follow us:
8.9 crore Rs. 1000 currency note have not been returned post demonetisation, says RBI
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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Vedanta Ltd Q4FY24 net profit drops 27% YoY to Rs 1,369 cr Thu, Apr 25 2024
Swiggy gets shareholders' nod for $ 1.2 billion IPO Thu, Apr 25 2024
HUL Q4FY24 profit drops 6% YoY to Rs 2,406 cr Thu, Apr 25 2024
Credit card spending grows 27% YoY to Rs 18.26 trillion in FY24: RBI Thu, Apr 25 2024
Mahindra Tractors crosses milestone by selling 40 lakh tractor units Thu, Apr 25 2024
DishTV India expects to touch 30 percent market share at the end of current financial year, says CEO Manoj Dobhal Thu, Apr 25 2024
DCB Bank Q4FY24: PAT grows YoY 9% to Rs 156 cr Wed, Apr 24 2024