image
Supreme Court asks Centre, RBI to respond on plea for banned note exchange
New Delhi, Mar 6 (IBNS): The Supreme Court on Monday sought response from the Centre and the Reserve Bank of India (RBI) regarding allegations that people are not being allowed to deposit demonetised notes despite the March 31, 2017, deadline promised earlier, according to media reports.
It has been alleged that during his speech on November 8, the day the rupees 500 and rupees one thousand currency notes were banned, Prime Minister Narendra Modi had said that the notes could be exchanged after submitting a declaration form.
Excerpts from the PM's speech on Nov 8 as published by the Press Information Bureau (PIB): "There may be some who, for some reason, are not able to deposit their old five hundred or thousand rupee notes by 30th December 2016. They can go to specified offices of the Reserve Bank of India up to 31st March 2017 and deposit the notes after submitting a declaration form."
Reportedly, the RBI has sent away people recently who had gone to exchange their banned notes, media reported.
The rules for the withdrawal of money from accounts and the submission of banned notes were also changed several times since Nov 8.
The apex court will take up the note ban petitions again on Mar 10, media reported.
Top Headlines
-
News
CSR in the Crossfire: Professor and practitioners debate over ethics in India Inc. at Kolkata's MCHD talk
October 24, 2025
-
News
Jashanpreet Singh Case: California under fire for licensing undocumented truck driver
October 24, 2025
-
News
India upgrades Technical Mission in Kabul to Embassy, days after Muttaqi's visit to New Delhi
October 22, 2025
-
News
Pakistan, Afghanistan agree to 48-hour ceasefire after deadly border clashes
October 15, 2025
-
News
Afghan Taliban, Pakistan exchange gunfire, dozens killed
October 15, 2025
-
News
Trump hails Netanyahu in Israel after hostage release, declares historic dawn of a new Middle East
October 13, 2025
-
News
Historic dawn of a new Middle East: Donald Trump addresses Israeli Parliament
October 13, 2025
-
News
Shah Rukh Khan receives maiden National Award from President Droupadi Murmu
September 23, 2025
-
News
Kolkata: Ahiritola Yubak Brinda invites Auram to make jewellery for Ma Durga and her family
September 20, 2025
-
News
Israel-US alliance 'never been stronger', Netanyahu says as State Secretary Rubio visit for talks
September 15, 2025
