Finance Ministry today ruled out opening another window for depositing the scrapped 500 and 1,000 rupees notes. Economic Affairs Secretary S C Garg said, it had expected all the annulled currency to be returned, in line with the latest RBI data. Mr Garg said, most families had high value currency notes and they used it for making payments during the pre-demonetisation era.
He said the government had not made any statement on not expecting all of the money to return back. Yesterday, the Reserve Bank revealed that 99 per cent of the 15.44 lakh crore rupees currency junked in November last year had come back, some had pleaded with the government for another window to deposit their small holding of old 500 and 1,000 rupee notes.