Limitations put on money withdrawals from financial balances after Center’s demonetisation drive on November 8, 2016, was totally evacuated today.
The limitations put on money withdrawals from financial balances after Center’s demonetisation drive on November 8, 2016, was totally evacuated today.
The Reserve Bank of India had declared a month ago that all tops on money withdrawals would end on March 13.
The points of confinement were forced after Prime Minister Narendra Modi declared the choice to scrap 86 for every penny of aggregate money in Rs 500 and Rs 1000 notes, around Rs 15.44 lakh crore, on November 8, making colossal money smash the nation over.
The cutoff points were progressively facilitated to Rs. 50,000 every week on February 20.
The RBI had effectively expelled limitations on money withdrawals from Current records on January 31, 2017.
The national bank is yet to give the last figure on the amount of the demonetised cash has been saved in banks after demonetization was declared.
A month ago, the peak bank said it was yet to gather every one of the information.
It said that every one of the focuses of the RBI is yet to send the information on old notes and NABARD has additionally not given the information on stores in agreeable banks. The information on notes available for use in Bhutan and Nepal is additionally not been gathered, the RBI said.
Edited By articlesworldbank.com