(PTI)
The finance ministry on Thursday ruled out opening another window for depositing the scrapped Rs 500 and Rs 1,000 notes, with the government now saying that it had expected all the annulled currency to be returned, in line with the latest RBI data.
While the Reserve Bank on Wednesday revealed that 99 per cent of the Rs 15.44 lakh crore currency junked on November 8 last year had come back, some had pleaded with the government for another window to deposit their small holding old Rs 500 and Rs 1,000.
“At this point… No way,” Economic Affairs Secretary S C Garg said when asked if people can get second window for depositing specified bank notes (SBNs) they are left with. After the RBI statement, the ministry had on Wednesday stated that “the government had expected all the SBNs to come back to the banking system to become effectively usable currency”.
