Note Disappeared: 500 notes have suddenly disappeared from the market. 500 rupee notes worth about 88 thousand crores have gone missing. There is no account of these missing money. RBI had printed 8810.65 million notes of Rs 500. But, banks got only 7260 million notes. That is, 176 crore notes of 500 rupees disappeared in the middle of the way. The value of the missing notes is about 88 thousand crore rupees. This has been revealed in an RTI report.
RBI refutes claim of missing note
RBI refutes claim of missing Rs 500 note RBI refutes claim of missing Rs 500 note. In a tweet, the RBI wrote, “It has been learned that there are several media reports that Rs 500 notes have disappeared from the system. These reports are not correct. Totally wrong.
Clarification on Banknote pic.twitter.com/PsATVk1hxw
— ReserveBankOfIndia (@RBI) June 17, 2023
Revealed in RTI
These reports are based on misinterpretation of information collected from Printing Presses under the Right to Information Act, 2005. It may be noted that all bank notes supplied to RBI from the printing presses are properly accounted for, the RBI said in its statement. It is also informed that the notes printed in the presses and supplied to the Reserve Bank of India There are robust systems in place to reconcile bank notes made, including protocols for monitoring the printing, storage and distribution of bank notes.
RBI has advised not to trust any such misleading news. In such cases, rely on the information published by RBI from time to time, the statement said.
Let us tell you that the printing of notes is done in only four places in the country. RBI does the work of printing notes in Dewas, Nashik, Mysore and Salboni only. In such a situation, between April 2015 and March 2016, 210 million 500 rupee notes were printed by the Currency Note Press Nashik, now notes worth about 88 thousand crore rupees are missing. According to the report, this has been revealed in an RTI report. Activist Manoranjan Roy raised questions on these notes through RTI. Manoranjan has raised questions regarding security on 1760.65 million missing notes. He said that questions arise on the note security of 88 thousand crores. ( PLC/GT )
