99.3% of demonetised currency returned to banks: RBI
New Delhi, Aug 29 (PTI) As many as 99.3 per cent of the old 500 and 1,000 rupee notes, that were banned overnight in November 2016, have been returned, the Reserve Bank of India said in its annual report.
Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned.
The "humungous task of processing and verification of specified bank notes (SBNs) was successfully achieved," it said.
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