This is a reprersentation of Indian Currency Circulation and how it was managed during the period of Demonetisation-Remonetisation.

2. CALCULATION OF CURRENCY CIRCULATION AS PER THE RBI NORMS: These excludes Fixed Deposits, Money in accounts of bank customers and
in various schemes of Life insurance/Mutual Funds/Equities e.t.c
Starting Date:
08/11/2016.
In Rs. 500/- Denominations In Rs. 1000/- Denominations
Rs. 500.00 Rs. 1,000.00 TOTAL
In
Numbe
rs 1,71,65,00,00,000.00 68,58,00,00,000.00 NOTE:
Opening Balance: Rs. 8,58,25,00,00,00,000.00 Rs. 6,85,80,00,00,00,000.00
Rs.
15,44,05,00
,00,00,000.
00
Deposits as CRR: Rs. 4,06,00,00,00,00,000.00
As on
Nov8, 2016
Day-to-Day cash
maintained by the
Banks. Rs. 70,00,00,00,00,000.00
According
to weekly
bulletin of
central
Bank
Total Deposits till
Nov 28,2016 after
demonetisation Rs. 8,44,96,20,00,00,000.00
As per
RBI's
announce
ment
Total Ammount
out of Circulation
or with banks: Rs. 13,20,96,20,00,00,000.00
Prior to
demonetisa
tion
Excess Currency
remaining in the

3. November 28 onwards details of Remonetisation:
As per RBI press release: 2.16 lakhs crore withdfrawn by public from a/c's or ATM's till Nov. 27
These includes notes of denomintions 100,500,1000
On Dec 6 MOS Finance in a written statement stated that : Total printed notes till date are
160.8 million pieces of Rs.2000 notes REMONETISATION BEGINS
15.6 million pieces of Rs. 5000
A total of 1764 million pieces ammounting to a total of Rs. 3.29 lakh crore
On Dec 7 RBI Deputy Governor revealed a total of Rs. 4 lakh crore disbursed as of the previous
day.
Of this Rs. 1.06 lakhs crore was in smaller denominatiomn currency notes
Rest Rs. 2.94 lakhs crore - implicitely, was by way of high-denomination notes.
Difference in high value currency :
3.29
2.94
0.35
Have carried forward towards CRR and bank's internal
balances under day to day cash maintenance.
27-12-
2016
Total Ammount diposited till date: 14 Lakhs crore
This includes CRR already with the banks i.e 4.06 Crores
This means approximately 10 lakh crore has returned to the banks.

4. Current cash Flow as on 28/12/2016
(In Lakhs Cr.)
Currency withdrawn
Currency Deposited after
demonetisation Currency Printed
Currency
Disbursed
Low Value
denomina
tion
Hig
h
valu
e
dno
min
atio
n
15.44 12.44 3.29 5.92 1.06 2.94
Towards CRR
Total High value Currency
out of Circulation
Remaining Currency to be
printed
Shortfall in
currency:
Much more in
circulation
since
beginning in
form of small
household
savings/small
merchants
cashflow
4.06 12.44
9.15
9.15 – To be
remonetised
till March
31,2017.
Currency in circulation
(As on March 31,2017) Rs. 12.6 Lakh Crore
As on October 28 ‘2016:
(The week before
demonetisation)
17 lakh crore. (According to
data released by RBI.)

5.  New A/cs Opened= 30 Lakhs
 ATM Recalibrations= All 2.23 Lakhs
 Total Amt .under Declaration schemes IT laws= Not disclosed.
 Total Amount Confiscated=Rs. 6000 Cr. (AS PER SIT ON BLACK
MONEY) As many as 1092 people who had deposited over Rs.
50 lakh have not yet responded to notices.
 Apr 14, 2017: IT dept. said it will investigate 60,000
individuals including 1300 high risk persons, under the
Operation Clean Money II. ‘
 CBDT said it has detected undisclosed income of over Rs.
9334 Cr. Between the period November 9,2016 till Feb 28,
2017.
 More than 6000 transactions of high value property purchase
and 6600 case of outward remittances shall be subjected to
detailed investigations.
 Operation Clean Money launched on Jan 31 this year, the IT
dept. has sent online queries and investigated 17.92 lakh
person out of which 9.46 lakh persons have responded to the
department.

6.  Sale Of POS-Up 40%
 Bank Digital Transactions UP 30% PayTM transactions= 7 mn/day (many
more digital payment companies have opened)
 On march 13, 2017- All ATM withdrawals limits uplifted.
 Data from Financial Intelligence Unit) FIU shows that between November
25, 2016 and Dec 25, 2016 2.10 crore bank accounts were created and
over Rs. 3 lakh crore was deposited in them.
 Of the amount deposited 50000 crore was in cash and Rs. 3 Lakh crore
was non-cash deposit (cheques, drtafts, etc.)
 Officials quoted off the record the fact that a huge proportion of
extinguished cash has come back into the system is not a sign of failure
but a testament to the policy's success in formalising the economy.
 Under Jan Dhan after two years only 20 crore bank accounts have been
opened but post demonetisation 2-3 crore more accounts have been
opened in a month.
 Belying the market expectations GDP grew at 7% YOY in the 3rd Quarter of
the financial year 2016-17.
 Inflation was at 3.2% in the month of February 2017 and is within the
comfort zone of RBI.
 There is an excess liquidity in the banking system amounting up to 4 lakh
Crores.