RBI still processing returned notes, months after note ban
RBI still processing returned notes, months after note ban
As per RBI Rs.15.28 lakh cr.,or 99% of demonetised notes, had returned to banking system. Rs.500 & Rs.1,000 notes, returned to banks, 15 months ago when government demonetised high value currency, are still being "processed for their arithmetical accuracy and genuineness". This is being done in an "expedited manner", the central bank said. 59 sophisticated Currency Verification & Processing machines are in operation in RBI for purpose.
