Demonetisation of currency: Rs 8.45 lakh cr old notes deposited in banks in 17 days

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Demonetisation of currency: Rs 8.45 lakh cr old notes deposited in banks in 17 days

Banks have witnessed exchange and deposits of old high denomination Rs 500 and Rs 1,000 notes worth Rs 8,44,982 crore (Rs 8.45 lakh crore) until 27 November, the RBI said in a press release on Monday.Of this, exchange amounted to Rs 33,948 crore and deposits Rs 8,11,033 crore (Rs 8.11 lakh crore). Meanwhile, banks saw withdrawals of Rs 2,16,617 crore from their accounts either over the counter or through ATMs.