 "A customer waits to deposit 1000 Indian rupee banknotes in a cash deposit machine at bank in Mumbai")
The Reserve Bank of India (RBI) has likely received Rs 14.5 lakh crore of the old Rs 500 and Rs 1,000 notes as on December 30, Business Standard has learnt.
This is around 94% of the Rs 15.44 lakh crore put out of circulation on November 8. Any eventual one-time windfall gain accrued to the central bank will be closer to Rs 90,000 crore as on date, much less than the RBI and the Centre’s initial estimates of as much as Rs 3 lakh crore. December 30 was the last date for depositing old notes in banks.
This is around 94% of the Rs 15.44 lakh crore put out of circulation on November 8. Any eventual one-time windfall gain accrued to the central bank will be closer to Rs 90,000 crore as on date, much less than the RBI and the Centre’s initial estimates of as much as Rs 3 lakh crore. December 30 was the last date for depositing old notes in banks.
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