₹ 8,44,982 crore of amount exchanged/deposited from November 10, 2016 to November 27, 2016

Consequent to the announcement of withdrawal of legal tender status of banknotes of ₹ 500 and ₹1000 denominations from the midnight of November 8, 2016, the Reserve Bank of India made arrangements for exchange and/or deposit of such notes at the counters of the Reserve Bank and commercial banks, Regional Rural banks and Urban Cooperative Banks.

Such exchange/deposits effected from November 10, 2016 upto November 27, 2016 amounted to ₹ 8,44,982 crore (exchange amounted to ₹ 33,948 crore and deposits amounted to ₹ 8,11,033 crore) as in RBI's press release.



It is also stated that the public have withdrawn, during this period, ₹ 2,16,617 crore from their accounts either over the counter or through ATMs.

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