Question: Bank notes of Rs . 500 and Rs. 1000 were demonetized on …
(a) November 8, 2016
(b) November 11, 2016
(c) November 10, 2016
(d) November 09, 2016
Ans: (a)
Related Fact :
- According to a recent notification by Department of Economic Affairs, the Finance Ministry has asked banks and post offices to deposit junked Rs. 500 and Rs. 1,000 notes with the Reserve Bank of India by July 20.
- This is the second window the government has provided to banks, post offices and cooperative banks for depositing the junked notes with RBI.
- The earlier window was open till December 31, a day after the 50-day period of demonetisation of high value currency.
Reference:
http://www.thehindubusinessline.com/money-and-banking/banks-post-offices-allowed-to-deposit-old-bank-notes-with-rbi/article9731885.ece?homepage=true
http://dea.gov.in/