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RBI has no info on number of bank accounts with large deposits post-demonetisation

RBI has no info on number of bank accounts with large deposits post-demonetisation

Indore: The RBI is not aware of the number of bank accounts in which more than Rs 2.5 lakh in the scrapped currency notes of Rs 500 and Rs 1,000 were deposited between November 8 and December 30 last year, it has said in response to a query under the Right to Information Act.

“In reply to my RTI application, the Department of Currency Management of the Central bank on February 17 said it did not have the figure of bank accounts in which more than Rs2.5 lakh were deposited in demonetised notes of Rs 500 and Rs1,000,” said Chandrashekhar Gaud, an activist from Neemuchdistrict of Madhya Pradesh.

The RBI also did not have the number of accounts in co-operative banks in which more than Rs 2.5 lakh were deposited in the scrapped notes during the period, Gaud said, citing the RTI reply.

PTI