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Tags archives: verifying-returned-notes

Almost a year after demonetisation RBI says still verifying returned notes

Almost a year after demonetisation RBI says still verifying returned notes Almost a year after Prime Minister Narendra Modi announced demonetisation, the Reserve Bank of India said that the Rs 500 and Rs 1,000 bills returned to banks are still being “processed in all earnest” through a sophisticated currency verification system. In reply to an RTI query, the central bank said it has processed about 1,134 crore pieces of Rs.500 […]