Mumbai15 hours ago
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According to RBI data, more than 99% of the old Rs 500 and Rs 1000 notes returned to the banking system after demonetisation. – file photo
Reserve Bank of India i.e. RBI has instructed all the banks in the country to preserve the CCTV recordings of the time of demonetisation in 2016. Because the investigating agencies are investigating many cases of that time, which are still pending in many courts. Therefore, keep the CCTV video footage safe now, so that it can help in taking action against those involved in illegal activities.
Instructions to preserve all the videos during demonetisation
RBI has said in its order that all banks should keep the video footage from November 8, 2016 to December 30, 2016 safe, as the investigating agencies are investigating the collection of new notes illegally. In fact, the government implemented demonetisation with the aim of preventing financial support to black money holders and terrorism. During this time people were given the opportunity to deposit the discontinued notes in their bank accounts.
At that time the government had issued new notes of 500 and 2000 rupees.
In demonetisation, the government issued new notes of Rs 500 and Rs 2,000 in their place by discontinuing the notes that were in circulation at that time of Rs 500 and Rs 1,000. According to RBI data, more than 99% of the old Rs 500 and Rs 1000 notes returned to the banking system after demonetisation.
Most of the old notes have been returned
It was told in the report that 15 lakh 41 thousand crore rupees were in circulation during demonetisation, out of which 15 lakh 31 thousand crore rupees have been returned so far.