RBI seeks details of old note deposits from banks today

'The old-high denomination notes cannot form part of banks cash balances from the close of business as on Dec. 31, 2016'.

The Reserve Bank of India BI has asked banks to report details of deposits of old Rs 500/1,000 notes to it after the close of banking hours on Friday, which is the last date to accept the invalid currency.

“With the closure of the facility of exchange of SBNs (defunct notes) as at the close of business on December 30, 2016, all banks should report information on collection of SBNs on December 30, 2016, itself at e-mail,” the central bank said in a notification.