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State Bank of India: A deposit of Rs. 53000 Crores in a single day

Posted on: 11/Nov/2016 5:58:56 PM
The State Bank of India announced that on a single day yesterday (Thursday, 10th November), a whopping Rs. 53000 Crores has been deposited.

On the evening of 8th November, the Prime Minister Narendra Modi announced that Rs. 500 and Rs. 1000 currency notes are to be withdrawn from circulation.

As a consequence, the public crowded in the several banks in order to deposit the Rs. 500 and Rs. 1000 currency notes.

The exchange of the Rs. 500 and Rs. 1000 currency notes commenced yesterday (Thursday, 10th November). The State Bank of India has announced that on this single day, Rs. 53000 Crores has been deposited.

SBI also announced that it has made special arrangements on Saturday and Sunday (12th and 13th November). There would be separate queues for men, women, and senior citizens to deposit or withdraw money.

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