The RBI has withdrawn the Rs 5000 limit only deposit circular . This is for the deposits of money to be done by this month end pertaining to the old and the new notes. Now one can deposit any amount of old and new notes by this month end.While the people are suffering with no currency the Reserve Bank of India (RBI) was fully prepared to deal with currency shortages post demonetisation and has enough currency in its chests to last “far beyond” December 30, Finance Minister Arun Jaitley said .
“There was full preparedness. There was not a single day when RBI had not released adequate currency to banks. There was a certain level of currency that was to be released and there was full preparedness for it,” Jaitley told reporters.
He said RBI has maintained the stock of currency through advance as well as current printing level.
“Today also RBI has more than adequate stock not only to last them for December 30 but to last them far beyond that,” he said.
Asked about the currency in circulation, Jaitley said the figures will be made public only after accurate calculation after December 30, the last date for depositing the scrapped currency in banks.
“The currency which got printed might have gone to Post Offices and from there to banks and again back to currency chest so there could be double counting and scope for inaccuracies. So we do not want to guess the figures of currency in circulation,” he said.
Economic Affairs Secretary Shaktikanta Das said the currency situation has considerably improved since November 8 and there is adequate currency with RBI to meet the demand till December 30.
While announcing the demonetising the Rs 500 and Rs 1,000 notes on November 8, Prime Minister Narendra Modi had asked holders of such notes to deposit them in banks.
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