Rs 8,44,982 cr worth of transactions in banks post-demonetisation

New Delhi: Consequent to the announcement of withdrawal of legal tender status of banknotes of Rs 500 and Rs 1,000 denominations from the midnight of November 8, banks across the country have since reported that such exchange/deposits effected from November 10 to November 27 amounted to Rs 8,44,982 crore. Of this, exchange amounted to Rs 33,948 crore and deposits amounted to Rs 8,11,033 crore.

They have also reported that the public have withdrawn, during this period, Rs 2,16,617 crore from their accounts either over the counter or through ATMs.