Over 99% Of Demonetised Notes Were Returned: RBI

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The Reserve Bank of India’s annual report for 2017­-18 said more than 99% of the ₹500 and ₹1,000 notes, which were withdrawn from circulation in November 2016, had been returned to the central bank.

According to the report, after verification and reconciliation, the total value of the ₹500 and ₹1,000 notes as on November 8, 2016, when demonetisation was announced, was  ₹15.41 lakh crore. The total value of such notes returned from circulation is ₹15.31 lakh crore. RBI data showed that the value of banknotes in circulation increased by 37.7% over the year to ₹18.04 lakh crore at end ­March 2018.

More ₹500 notes