Business Standard

Demonetisation saga: How much of scrapped currency came back to RBI?

From demonetisation on Nov 8 to declaration of total scrapped notes that came back -- a timeline

Image
Premium

BS Web Team New Delhi
The Reserve Bank of India (RBI) annual report for 2016-17 on Wednesday revealed that Rs 15.28 lakh crore of the Rs 15.44-lakh-crore currency demonetised on November 8 last year had come back to the central bank as on June 30, 2017. The report also showed that 89 million units of Rs 1,000 notes, worth Rs 8,900 crore, did not come back.

These details, however, came after a long wait, during which many conjectures and estimates were made by people and institutions to gauge the success of the Narendra Modi government's surprising move to suddenly withdraw Rs 500 and Rs

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in