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Almost all of demonetised currency came back; 99.3% returned, says RBI

The total value of SBNs returned to banks is Rs 15.31 trillion, RBI said in its 2017-18 annual report

RBI, Reserve Bank of India
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Abhijit Lele Mumbai
Reserve Bank of India has completed the task of processing and verification of the large value notes (Rs 500, Rs 1,000) which were withdrawn from circulation following their demonetisation in November 2016.

The total value of banned notes, which RBI refers to as Specified Bank Notes (SBNs), in circulation as on 8 November 2016, post verification and reconciliation, was Rs 15.41 trillion.

As many as 99.3 per cent of the demonetised notes have been returned, the Reserve Bank of India said in its annual report.

The total value of SBNs returned to banks is Rs 15.31 trillion, RBI said

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First Published: Aug 29 2018 | 9:05 PM IST

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