Om Namo Venkatesaya

SBI collects Rs. 53,000 crores as old currency

State Bank of India (SBI) has collected a whopping Rs. 53,000 crores as old currency, in the country, in the last couple of days. Ever since demonitisation began, banks have been collecting the cash from the customers, in the form of old notes. The bank thus collected Rs. 53,000 crores on the whole. At least 1,500 crores of notes have been exchanged during the period. Reserve Bank of India (RBI) has extended the time for exchanging old notes through utility services, upto to three more days.