Deposits Demonetisation in Banks Cross INR 1.5 lakh Crore

On Sunday, crowd kept on thronging bank offices on the fifth day after demonetisation, yet there were fewer individuals who were holding up to trade and deposit notes and a huge number to withdraw their funds. Card exchanges at the PoS machines of a main private bank confronted issues even as more ATMs went live (at any rate for 60 minutes) until money ran out.


The aggregate trade deposited in the banks since the declaration of the withdrawal of the old demonetisation of 500 and 1,000 rupee notes has crossed INR 1.5 lakh crore, as per assessments got from various banks. State Bank of India got add up to money deposit of INR 75,945 crore and traded cash worth INR 3,753 crore.

On Sunday, banks took measures to accelerate money transportation, giving more influence to authorities to enhance accessibility of cash in branches. On Monday, banks will be shut in a few states by virtue of Guru Nanak Jayanti. Money stores are required to get one week from now with utilities stopping to acknowledge old high-division currency notes from 14th November.

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