Unusual deposits of â¹1.7 lakh crore detected during note ban
The 'unusual' cash deposits in specific accounts, which are usually less active, are estimated to be â¹1.6-â¹1.7 lakh crore, an RBI paper revealed. It said excess deposits accrued to the banking system due to demonetisation are estimated at â¹2.8-â¹4.3 lakh crore. Notably, second phase of Operation Clean Money detected 5.5 lakh people whose note ban deposits didn't match tax profiles.