Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

From November 10, 2016 upto December 19, 2016, banks have reported that banknotes worth 5,92,613 crore have been issued to public

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rom November 10, 2016 upto December 19, 2016, banks have reported that banknotes worth 5,92,613 crore have been issued to public <br>News and Press Release<br>Dated:- 3-2-2017<br><BR>Consequent to the announcement of withdrawal of Legal Tender status of banknotes of &#8377; 500 and &#8377; 1000 denominations from the midnight of November 8, 2016, the Reserve Bank of India made arrangements for sup....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ply of adequate quantity of banknotes in various denominations to the public through the banks. Over the period from November 10, 2016 upto December 19, 2016, banks have reported that banknotes worth &#8377; 5,92,613 crore have been issued to public either over the counter or through ATMs. In this period, the Reserve Bank has issued to the banks and their branches, for distribution to the public....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., a total of 22.6 billion pieces of notes of various denominations of which 20.4 billion pieces belonged to small denominations of &#8377; 10, 20, 50 and 100s and 2.2 billion belonged to higher denominations of &#8377; 2000 and &#8377; 500. As regards printing of currency, RBI periodically estimates and reviews the demand for currency and accordingly in consultation with Government of India inden....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ts for supply is placed with the Presses. The same is a continuous process. Neither such data is available with the Government nor RBI has come across any confirmed reports of detection of counterfeit notes of the denomination of &#8377; 2000 in the banking channel. This was stated by Shri Arjun Ram Meghwal, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... today.<BR> News - Press release - PIB....