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18 Mar 2018

RBI reveals how it is disposing off demonetised Rs 500 and 1,000 notes

The central bank had earlier estimated the value of old Rs 500 and Rs 1,000 notes received, as on June 30, 2017, at Rs 15.28 trillion.

31 Aug 2017

Cash deposits of Rs 2.89 lakh crore in 13.33 lakh accounts post note ban under I-T radar

9.72 lakh persons have deposited Rs 2.89 lakh crore in 13.33 lakh accounts post demonetisation, the I-T department said.

30 Aug 2017

Objective of demonetisation was to expand tax base, fight black money: Jaitley

Talking about return of 99 percent of junked currency into banking system, Jaitley said that money has now been identified with its owner.

Demonetised counterfeit notes

30 Aug 2017

7.62 lakh pieces of counterfeit notes detected in FY17: RBI

It also said that barring Rs 100, the detection of counterfeit notes increased across denominations - notably, Rs 500 and Rs 1,000 -- during the last fiscal.

31 Aug 2017

Demonetisation: 99% of banned Rs 500/100 notes worth Rs 15.28 lakh crore back in system, says RBI

The Reserve Bank revealed in its annual report for 2016-17 that Rs 15.28 lakh crore, or 99 percent of the Rs 15.44-lakh-crore scrapped currency notes, had come back to the central bank between the government’s demonetisation decision and June 30, 2017.

21 Dec 2016

Demonetisation: RBI changes cash deposit rules again; no Rs 5,000 limit for KYC compliant account holders

Reserve Bank of India (RBI) on Wednesday modified cash deposits rules by exempting KYC accounts from Rs 5,000 cap.

20 Dec 2016

Demonetisation: Old notes deposit above Rs 5000 to be made only once per account till December 30

Deposit of banned Rs 500 and Rs 1,000 notes for amount exceeding Rs 5000 shall be made only once per account until December 30, the government said on Monday.

26 Nov 2016

Demonetisation: Unaccounted deposits to attract 50% tax, 4-year lock-in period

The government had after the shock demonetisation, given a 50-day window beginning November 10 for either depositing the 500 and 1000 rupee notes in circulation or exchanging them for new currency.

24 Nov 2016

Demonetisation: Know how RBI will destroy close to Rs 23,000 crore banned notes

The banned currency notes will be destroyed by the Reserve Bank of India through a very interesting process. Know how.

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