97% of the outlawed notes deposited in Banks

     Written by : SMTV24x7 | Thu, Jan 05, 2017, 12:41 PM

97% of the outlawed notes deposited in Banks

New Delhi, January 5 : Nearly 97 % of the outlawed Rs. 500 and 1000 notes have been deposited in the banks as on December 30, according to official sources.

Quoting two people with knowledge of the matter, a source said banks had received Rs. 14.97 lakh crore by the last date for depositing old cash,adding that the figures were provisional and could be revised.Rs 15.44 lakh crore, representing about 86% of all currency,was declared void on November 8.

Sources reported, on December 28 that about Rs 14 lakh crore or 90 percent of the demonetized currency had been deposited in the Banks.