 "An image of RBI headquarters in Mumbai (Photo: Kamlesh Pednekar)")
The Reserve Bank of India (RBI) on Thursday clarified it was still counting how many old notes have been returned to the banking system, to eliminate double counting. Therefore, it said the numbers being quoted should not be construed as verified. RBI is reconciling the numbers provided by banks against the actual cash stashed in currency chests.
Media reports suggested that anything between Rs 14.5 lakh crore and Rs 15 lakh crore may have come back to the banking system, against Rs 15.4 lakh crore worth of old Rs 500 and Rs 1,000 notes.
These notes are now called specified
