Big bang note ban impact: Rs 3 lakh cr deposited in 20 mn new accounts?

Big bang note ban impact: Rs 3 lakh cr deposited in banks?

Data from Financial Intelligence Unit (FIU) shows between November 15 and December 25, 2016 over 2 crore bank accounts were created and over Rs 3 lakh crore was deposited in them, reports The  Economic Times .

 Of the amount deposited, around Rs 50,000 crore were cash deposits, and Rs 3 lakh crore was non-cash deposits (cheques, drafts, etc).

The government asked for the FIU data to analyse the impact of demonetisation.

"The amount of money that has come back wouldn’t have come back even in the next five years,"  a senior official was quoted as saying