RBI declines to reveal cost of destroying banned notes: RTI
The RBI has declined to reveal the cost incurred on shredding banned currency notes returned after demonetisation, an RTI activist said citing a response from the central bank. RBI cited Section 7(9) of the RTI Act, saying this information was unavailable and providing it would "disproportionately divert the resources" of RBI. About 99.3% of scrapped notes returned to the banks.