Home Top Story RBI Have Received Rs 15 Lakh Crore Deposits Of Old Notes

RBI Have Received Rs 15 Lakh Crore Deposits Of Old Notes

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New Delhi, Jan 4 (The News)

The Reserve Bank is accepted to have gotten stores near Rs 15 lakh crore, of assessed Rs 15.4 lakh crore worth trashed Rs 500/1,000 coin takes note of that were available for use, from the 50-day demonetisation practice that finished on December 30.When inquired as to whether about Rs 15 lakh crore has gone to the framework till December 30, Finance Minister Arun Jaitley said, “I don’t have the foggiest idea about the number.”

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he administration and the RBI are yet to turn out with the official proclamation on what amount have been kept in different banks toward the end December 30, the last date for keeping and trade of trashed Rs 500/1000 notes. As indicated by sources, between Rs 14.5 lakh crore and Rs 15 lakh crore may have returned into the managing an account framework and RBI is as yet doing compromise and cross-checking.

Last figure on the measure of stores got amid the demonetisation time frame ought to be declared by RBI in the following few days, sources said.The keep going authority number on this was just till December 10 when RBI said that the old notes of Rs 500 and Rs 1,000, which have been come back to the national bank and the money mid-section added up to Rs 12.44 lakh crore.

On the most recent day of demonetisation, RBI had asked all banks including cooperatives to report points of interest of stores of old Rs 500/1,000 notes to it after the end of managing an account hours

s.Finance Ministry had said that there were parcel of zones where twofold including could have happened.So the Finance Ministry had recognized those regions and had asked for RBI and banks to again twofold check.

There could be slight expansion in the store of trashed notes as stretched out trade office is accessible to certain predetermined category.According to terms and states of RBI for profiting this advantage, NRIs and Indians coming back from abroad should physically demonstrate the trashed 500 and 1,000 rupee notes to traditions authorities at the air terminal and get a presentation frame stamped before they can store the demonetised cash in RBI amid the beauty time frame.

Indians who were abroad amid November 9 to December 30 have been given a three-month effortlessness period till March 31 to store the trashed notes, while for the NRIs, it is six months till June 30.While there is no restriction on store of outdated notes by an Indian national who was abroad when the 50-day window was in operation, NRIs can store just Rs 25,000 according to FEMA law confinements.

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