SC questions Centre, RBI on not making separate category for those who couldn't deposit demonetised notes by Dec 30

The apex court has asked Centre and RBI to file their affidavits in two weeks.

Updated: Mar 21, 2017, 14:32 PM IST
SC questions Centre, RBI on not making separate category for those who couldn't deposit demonetised notes by Dec 30
Demonetised Rs 500 notes

New Delhi: The Supreme Court on Tuesday asked Centre and RBI as to why it didn't create a separate category for those who couldn't deposit demonetised notes by December 30, 2016, unlike the NRIs and people who were abroad.

"Prime Minister in his address had said that people with genuine difficulties can deposit the demonetised currency even after December 30, 2016, till March 31, 2017 with the RBI branches.Give us the reasons why despite having powers under the law, you did not create a category for those people who couldn't deposit the demonetised notes before December 30, 2016," a bench headed by Chief Justice J S Khehar said.

It also said that the government should file an affidavit by April 11 explaining the reason why the window was not created for the people having difficulty and the chance was only given to NRIs and the citizens who travelled abroad.

The SC also asked the Centre whether it intends to give a chance to those category of people with genuine reasons to deposit demonetised currency.

The 50-day deadline to deposit the old Rs500 and Rs1,000 notes in banks comes to an end on December 30.

People, however, will still have time to exchange the currency notes at designated Reserve Bank of India (RBI) counters till 31 March after giving valid reasons for not depositing defunct notes in their accounts by 30 December.

Prime Minister Narendra Modi in a surprise announcement on 8 November declared the old Rs500 and Rs1,000 notes invalid. The banks started accepting deposits in scrapped notes from 10 November.