Published On : Tue, Jan 24th, 2017

No record of fake currency deposits during note ban, says RBI

Fake Notes

Representation Pic

New Delhi: There is no record available of the fake currency which has been detected in the demonetised notes deposited in banks, Reserve Bank of India has said.

Responding to an RTI inquiry from Mumbai-based activist Anil Galgali seeking to know the extent of fake currency found in demonetised notes of Rs 1,000 and Rs 500 deposited in banks till December 10, 2016, the RBI has said no information is available with it.

Earlier, RBI had refused to disclose information about consultation undertaken before the demonetisation move was announced by the prime minister on November 8.

Even Prime Minister’s Office had refused to disclose if the chief economic advisor and finance minister were consulted before the decision was announced.