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RBI quashes reports of 'mysterious disappearance' of Rs 500 notes worth crores - Vimarsana News

RBI quashes reports of 'mysterious disappearance' of Rs 500 notes worth crores

The central bank said that all banknotes supplied from printing presses to the RBI are properly accounted for.  

RBI Quashes Reports Of Mysterious Disappearance Of ₹500 Notes Worth ₹88k Cr - Vimarsana News

RBI Quashes Reports Of Mysterious Disappearance Of ₹500 Notes Worth ₹88k Cr

RBI in the statement said, "It is further informed that there are robust systems in place for reconciliation of banknotes printed at the presses and supplied to RBI which include protocols to monitor production, storage and distribution of banknotes."

RTI query reveals mismatch between numbers of Rs 500 notes printed, received by RBI, Rs 88032 crore missing: Report - Vimarsana News

RTI query reveals mismatch between numbers of Rs 500 notes printed, received by RBI, Rs 88032 crore missing: Report

The report claimed the three Indian mints issued 8,810.65 million pieces of the newly designed Rs 500 note but the Reserve Bank of India received only 7260 million.

RBI dismisses reports of missing Rs 500 notes, cites misinterpretation of RTI data - Vimarsana News

RBI dismisses reports of missing Rs 500 notes, cites misinterpretation of RTI data

These reports are based on erroneous interpretation of information collected under the Right to Information Act, 2005 from the printing presses,

Mumbai News: Mystery Of 1,760.65 Million Of ₹500 'Missing' Notes For RBI - Vimarsana News

Mumbai News: Mystery Of 1,760.65 Million Of ₹500 'Missing' Notes For RBI

According to data obtained under the Right to Information Act (RTI) by activist Manoranjan Roy, 375.450 million pieces of the newly designed Rs 500 note were printed by the Currency Note Press, Nashik, but RBI records having received only 345.000 million pieces printed between April 2015 and December 2016.