Rs.32,631 Crores deposited in post offices
Posted on: 28/Nov/2016 10:04:27 AM
The demonetized old 500 and 1000 rupee notes were exchanged in post offices. Those of who did not have postal savings accounts exchanged their money showing the identify cards. The time limit for the exchange was over by 24th November. Only account holders are depositing their old notes.
Department of Posts Secretary B V Sudhakar said: As many as 1.55 lakh post offices about 1.30 lakh in rural areas and the rest 25,000 in urban and semi-urban areas - are playing a prominent role in the entire exercise, The post offices have also exchanged about Rs. 3,680 crore of old currency notes between November 10 and 24, From November 10 to November 24, we have exchanged 578 lakh notes of value of about Rs. 3,680 crore. If you look at the deposits, 43.48 crore old Rs. 500 and Rs. 1000 notes were accepted as deposits, and their value is about Rs. 32,631 crore, During the same period, Rs. 3,583 crore was withdrawn from post offices,
