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99% Of Banned 1000, 500 Rupee Notes Returned, Says RBI
Rs. 500, Rs. 1,000 notes were banned last year to counter black money Expense of Rs 7,956 crore incurred for printing new notes, RBI said RBI estimates total of Rs. 15.28 lakh crore in banned notes returned
30 Aug 2017, 11:49 PM IST 
A total of Rs 15.28 lakh crore of banned notes was returned, the RBI said.
The Reserve Bank of India (RBI) in its annual report released today revealed that about 99 per cent of the banned 500- and 1,000-rupee currency notes returned. According to RBI estimates, a total of Rs 15.28 lakh crore in banned 500- and 1,000-rupee currency notes were returned by June 30, 2017, out of the estimated Rs 15.44 lakh crore in 500- and 1,000-rupee notes in circulation before the notes ban. The 1 per cent that has not retu...
