RBI Has Cut Staff Holidays To Count Banned Notes

What could be worsen that this for Reserve Bank employees as the staff holidays were cut to complete the counting of demonetize currency notes collected from the public. It is the RBI and bank at large who were the worst sufferer of Demonetization process. Still Rahul Gandhi taunting “RBI needs Math Teacher.” Tehre is no respect for hard work being done by approx one crore bank employees and their family.

The Reserve Bank has also ordered more machines to expedite the process.RBI governor said that counting of cancelled Rs 500 and Rs 1,000 currency notes goes on continuously for six days a week.There are 15,000 employees who are counting the notes at this moment.

As on November 8, 2016, the total amount of currency in circulation was Rs 17.7 lakh crore, which included specified bank notes (SBNs) of Rs 500 and Rs 1,000. 

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