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SC gives Centre 2 weeks to decide on another chance to deposit old notes

old notes

New Delhi: In a big relief to all those who are bearing the brunt of demonetisation, the Supreme Court on Tuesday rapped the Centre and asked them to give another chance to “genuine people to deposit old notes”.

The Centre has been given two weeks to respond.

The Supreme Court today asked the Central government and the Reserve Bank of India (RBI), whether a window can be provided to the people who could not deposit their old Rs. 500 and 1,000 currency notes.

The Centre demonetised Rs 500 and Rs 1,000 notes on November 8. It gave citizens until December 31 to return their old currency notes.

The deadline for depositing the old notes at the Reserve Bank of India was the end of March. The Reserve Bank of India has said it can no longer accept the banned notes from individuals because of the centre’s decision.

Last month, banks and post offices were given a month to deposit the old, big bank notes that they had received with the RBI, provided they had been collected before December 30.

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