The demonetized Indian currency notes of denomination Rs. 500 and Rs. 1,000 are being shredded and briquetted before being disposed of through a tendering process, explained the Reserve Bank of India (RBI) in reply to an RTI query.
The central bank had earlier estimated the value of old Rs. 500 and Rs. 1,000 notes received, as on June 30, 2017, at Rs. 15.28 trillion.
Data from the Reserve Bank of India (RBI) has revealed that a whopping Rs. 11,302 crore belonging to over three crore account holders is lying unclaimed with 64 banks - both public and private.
This sum, however, is just a fraction of the Rs. 100 lakh crore worth of deposits handled by banks in India.
Here's the break-up.
Telecom service provider Vodafone has launched a new prepaid pack of Rs. 21 under which it is offering users unlimited 3G or 4G data access for a time period of one hour.
The prepaid pack will be valid for a duration of one day.
This directly takes on Reliance Jio and counters its data packs with similar competitive pricing.