Over 10 lakh people exchanging ₹500, ₹1000 notes every hour
An estimated 2.5 crore people have exchanged their old ₹500, ₹1000 notes at various banks till Saturday afternoon, which is roughly 10 lakh people per hour. Over 58 lakh people have exchanged their old ₹500, ₹1000 notes at various branches of the State Bank of India, which alone accounts for 20-25% banking operations in India, said Finance Minister Arun Jaitley.