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RBI Asks Banks To Report On Deposits Of Scrapped Notes

RBI Asks Banks To Report On Deposits Of Scrapped Notes

Friday, December 30, 2016, 3:43 PM

The RBI has ordered banks to send information to the central bank through email, on quantum of old notes deposited at their branches. "With the closure of the facility of exchange of SBNs (specified bank notes), as at the close of business on December 30, 2016, all banks should report information on collection of SBNs on December 30 itself by email.” the RBI said.
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