want to know where are your old 500-1000 notes after demonetization?
Demonetization has created a havoc in people of middle class and lower middle families as the cash crunch reached peak levels.it is a completed episode.
where are the old 500/1000 notes after demonitization ?
The old 500/1000 notes are residing in the currency chests and selected branches of banks that are about 4000 across the India. They are simply eating up the space and not giving space to the new currency although we are eligible for new currency prints as the currecny circulation still not reached pre-demonitization levels.
Why government is not destroying the old notes?
RBI wants to check for number of fake notes in the curreny that is the reason they are not destroying the old notes and they are occupied large spaces in the currency chests.