Banks get ₹5.44 lakh crore worth of scrapped notes
Banks have collected a total of ₹5.44 lakh crore during November 10-18 in deposits and as part of the process of exchanging scrapped ₹500 and ₹1,000 notes, an RBI release stated on Monday. Further, people have withdrawn over ₹1 lakh crore from their accounts. Notably, the demonetisation move will lead to 86% of the currency getting withdrawn. 