Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | 15 months after demonetisation, RBI still processing returned notes    </title>
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-PTI

RBI said in the report, for the year ended June 30, 2017, that only Rs 16,050 crore of the Rs 15.44 lakh crore in old high denomination notes had not returned 

The RBI has said that Rs 500 and Rs..."/>
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-PTI

RBI said in the report, for the year ended June 30, 2017, that only Rs 16,050 crore of the Rs 15.44 lakh crore in old high denomination notes had not returned 

The RBI has said that Rs 500 and Rs..." />
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                            <div align="justify">-PTI<br /><br /><em>RBI said in the report, for the year ended June 30, 2017, that only Rs 16,050 crore of the Rs 15.44 lakh crore in old high denomination notes had not returned <br /></em><br />The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high-value currency 15 months ago, are still being &ldquo;processed for their arithmetical accuracy and genuineness&rdquo;. This is being done in an &ldquo;expedited manner&rdquo;, the central bank said.<br /><br />&ldquo;Specific bank notes are being processed for their arithmetical accuracy and genuineness and the reconciliation for the same is ongoing. This information can, therefore, be shared on completion of the process and reconciliation,&rdquo; the RBI said in reply to an RTI application filed by a PTI correspondent.<br /><br />To a query on the number of demonetised notes, it said, &ldquo;subject to future corrections if any, arising in the course of the verification process, the estimated value of specified bank notes received as on June 30, 2017 is Rs 15.28 trillion (lakh crore)&rdquo;.<br /><br />Asked to provide the details of the deadline for finishing the counting of demonetised notes, the RBI said &ldquo;specified bank notes are being processed in an expedited manner&rdquo;. As on date, 59 sophisticated Currency Verification and Processing (CVPS) machines are in operation in RBI for the purpose, it said. The reply did not specify the location of the machines.<br /><br />&ldquo;Besides, eight CVPS machines available with commercial banks are also being used. In addition to this, seven more CVPS machines on lease basis have been installed at RBI regional offices,&rdquo; the RTI reply said. The government had on November 8, 2016 banned the use of Rs 500 and Rs 1,000 notes and allowed the holders of these currency bills to deposit them with banks or use them at certain notified utilities.<br /><br />Please <a href="http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/" title="http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/" class="re" target="_blank">The Indian Express, 11 February, 2018, http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/</a><div class="clear"></div>
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    <h1 class="cat-box-title">15 months after demonetisation, RBI still processing returned notes</h1>
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                            <div align="justify">-PTI<br /><br /><em>RBI said in the report, for the year ended June 30, 2017, that only Rs 16,050 crore of the Rs 15.44 lakh crore in old high denomination notes had not returned <br /></em><br />The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high-value currency 15 months ago, are still being &ldquo;processed for their arithmetical accuracy and genuineness&rdquo;. This is being done in an &ldquo;expedited manner&rdquo;, the central bank said.<br /><br />&ldquo;Specific bank notes are being processed for their arithmetical accuracy and genuineness and the reconciliation for the same is ongoing. This information can, therefore, be shared on completion of the process and reconciliation,&rdquo; the RBI said in reply to an RTI application filed by a PTI correspondent.<br /><br />To a query on the number of demonetised notes, it said, &ldquo;subject to future corrections if any, arising in the course of the verification process, the estimated value of specified bank notes received as on June 30, 2017 is Rs 15.28 trillion (lakh crore)&rdquo;.<br /><br />Asked to provide the details of the deadline for finishing the counting of demonetised notes, the RBI said &ldquo;specified bank notes are being processed in an expedited manner&rdquo;. As on date, 59 sophisticated Currency Verification and Processing (CVPS) machines are in operation in RBI for the purpose, it said. The reply did not specify the location of the machines.<br /><br />&ldquo;Besides, eight CVPS machines available with commercial banks are also being used. In addition to this, seven more CVPS machines on lease basis have been installed at RBI regional offices,&rdquo; the RTI reply said. The government had on November 8, 2016 banned the use of Rs 500 and Rs 1,000 notes and allowed the holders of these currency bills to deposit them with banks or use them at certain notified utilities.<br /><br />Please <a href="http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/" title="http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/" class="re" target="_blank">The Indian Express, 11 February, 2018, http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/</a><div class="clear"></div>
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-PTI

RBI said in the report, for the year ended June 30, 2017, that only Rs 16,050 crore of the Rs 15.44 lakh crore in old high denomination notes had not returned 

The RBI has said that Rs 500 and Rs..." />
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    <h1 class="cat-box-title">15 months after demonetisation, RBI still processing returned notes</h1>
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                            <div align="justify">-PTI<br /><br /><em>RBI said in the report, for the year ended June 30, 2017, that only Rs 16,050 crore of the Rs 15.44 lakh crore in old high denomination notes had not returned <br /></em><br />The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high-value currency 15 months ago, are still being &ldquo;processed for their arithmetical accuracy and genuineness&rdquo;. This is being done in an &ldquo;expedited manner&rdquo;, the central bank said.<br /><br />&ldquo;Specific bank notes are being processed for their arithmetical accuracy and genuineness and the reconciliation for the same is ongoing. This information can, therefore, be shared on completion of the process and reconciliation,&rdquo; the RBI said in reply to an RTI application filed by a PTI correspondent.<br /><br />To a query on the number of demonetised notes, it said, &ldquo;subject to future corrections if any, arising in the course of the verification process, the estimated value of specified bank notes received as on June 30, 2017 is Rs 15.28 trillion (lakh crore)&rdquo;.<br /><br />Asked to provide the details of the deadline for finishing the counting of demonetised notes, the RBI said &ldquo;specified bank notes are being processed in an expedited manner&rdquo;. As on date, 59 sophisticated Currency Verification and Processing (CVPS) machines are in operation in RBI for the purpose, it said. The reply did not specify the location of the machines.<br /><br />&ldquo;Besides, eight CVPS machines available with commercial banks are also being used. In addition to this, seven more CVPS machines on lease basis have been installed at RBI regional offices,&rdquo; the RTI reply said. The government had on November 8, 2016 banned the use of Rs 500 and Rs 1,000 notes and allowed the holders of these currency bills to deposit them with banks or use them at certain notified utilities.<br /><br />Please <a href="http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/" title="http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/" class="re" target="_blank">The Indian Express, 11 February, 2018, http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/</a><div class="clear"></div>
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15 months after demonetisation, RBI still processing returned notes

Published on Feb 12, 2018   Modified on Feb 12, 2018

-PTI RBI said in the report, for the year ended June 30, 2017, that only Rs 16,050 crore of the Rs 15.44 lakh crore in old high denomination notes had not returned The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high-value currency 15 months ago, are still being “processed for their arithmetical accuracy and genuineness”. This is being done in an “expedited manner”, the central bank said. “Specific bank notes are being processed for their arithmetical accuracy and genuineness and the reconciliation for the same is ongoing. This information can, therefore, be shared on completion of the process and reconciliation,” the RBI said in reply to an RTI application filed by a PTI correspondent. To a query on the number of demonetised notes, it said, “subject to future corrections if any, arising in the course of the verification process, the estimated value of specified bank notes received as on June 30, 2017 is Rs 15.28 trillion (lakh crore)”. Asked to provide the details of the deadline for finishing the counting of demonetised notes, the RBI said “specified bank notes are being processed in an expedited manner”. As on date, 59 sophisticated Currency Verification and Processing (CVPS) machines are in operation in RBI for the purpose, it said. The reply did not specify the location of the machines. “Besides, eight CVPS machines available with commercial banks are also being used. In addition to this, seven more CVPS machines on lease basis have been installed at RBI regional offices,” the RTI reply said. The government had on November 8, 2016 banned the use of Rs 500 and Rs 1,000 notes and allowed the holders of these currency bills to deposit them with banks or use them at certain notified utilities. Please click here to read more.

The Indian Express, 11 February, 2018, http://indianexpress.com/article/business/banking-and-finance/15-months-after-note-ban-rbi-still-processing-returned-notes-5059421/

Tagged with: RTI Act Right to Information Right to Information (RTI) Right to Information Act Currency demonetisation Demonetisation Reserve Bank of India Reserve Bank of India (RBI) Currency Verification and Processing (CVPS) machines

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