Govt not to extend Dec 30 deadline for depositing old notes
The government has said that it is not considering an extension of the December 30 deadline for depositing the now invalid ₹500 and ₹1,000 notes. There is sufficient cash available with the Reserve Bank of India (RBI) and the banks, it stated. Notably, people have withdrawn over ₹2 lakh crore and deposited over ₹8.11 lakh crore in banks post demonetisation.