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Business News » India News

Demonetisation: 28% citizens yet to deposit old currency in bank, says Survey

While 28% indicated they were yet to deposit their old currency, approximately 60% indicated that they have already deposited their old currency in the bank.

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Demonetisation: 28% citizens yet to deposit old currency in bank, says Survey
People queue up outside a bank to exchange demonetised Rs 1000 and 500 notes in Amritsar on Nov 17, 2016. Photo: IANS

Around 28% of respondents are yet to deposit their old Rs 500 and Rs 1,000 currency notes in the bank and plan to do it before December 30, says a survey conducted by LocalCirlces, a community engagement platform.

The survey was conducted across 150 cities in India in which over 800 citizens participated.

While 28% indicated they were yet to deposit their old currency, approximately 60% indicated that they have already deposited their old currency in the bank.

Approximately 8% people said they don`t need or want to deposit the old notes while the remaining 4% said they will be using the old notes where they are being accepted.

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TAGS:
Demonetisationcash depositsRs 500 notesRs 1000 notesOld Currency NotesSurveyEconomy
Written By: IANS
Updated: Tue, Nov 29, 2016
06:27 pm
New Delhi, IANS
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