Banks asked to deposit demonetised notes with RBI in 30 days
The government has asked banks and post offices to deposit demonetised â¹500 and â¹1,000 notes collected by December 30, 2016, with the RBI within 30 days. Further, cooperative banks have also been allowed to exchange old notes collected by them by November 14, 2016. Entities that don't submit the notes will have to provide reasons for the same.