The RBI on Tuesday requested banks to protect the CCTV recordings of their branches and foreign money chests from November 8, 2016, to December 30, 2016, until additional orders with a view to aiding the enforcement companies to take actions in opposition to individuals concerned in unlawful actions in the course of the demonetisation interval.
The federal government had demonetised the then in circulation excessive worth foreign money notes of Rs 500 and Rs 1,000 on November 8, 2016, with an goal to verify blackmoney and curb terror funding. As a part of the train, the federal government gave the chance to the folks to change junked foreign money notes (referred as Specified Financial institution Notes) or deposit them of their financial institution accounts.
New foreign money notes of Rs 500 and Rs 2,000 denominations have been additionally issued after withdrawal of SBNs. Enormous crowds have been witnessed at financial institution branches throughout the nation for exchanging or depositing the demonetised foreign money.
On the idea of varied inputs, the investigative companies additionally began probing issues regarding unlawful accumulation of latest foreign money notes.