Rs. 12.44 lakh crore in demonetised notes collected at banks

Banks have issued Rs 4.61 lakh crore to the public since November 9 through ATMs and bank counters.

The Reserve Bank of India said on Tuesday that Rs 12.44 lakh crore in demonetised notes have been collected at banks.

Deputy Governor of the RBI, R. Gandhi, said a notice was issued to all banks for data checking.

"Public are requested to freely use notes they have rather than holding them," Mr. Gandhi said.

According to the RBI, banks have issued Rs 4.61 lakh crore to the public since November 8-9 through ATMs and bank counters.

"The RBI has issued 21.8 billion pieces of banknotes of various denominations since demonetisation," Mr. Gandhi said.