The figures as disclosed in Union Budget 2017 also tell us that 31% of total value of demonetised currency has come back in individual deposits of Rs80 lakh or more. Photo: APNew Delhi: One of the biggest expectations with Union Budget 2017 was that the government would divulge details of how much money has come back to the banking system after demonetisation. During the period 8th November to 30th December 2016, deposits between Rs2 lakh and Rs80 lakh were made in about 1.09 crore accounts with an average deposit size of Rs5.03 lakh. This gives a figure of Rs5.48 lakh crores for deposits worth less than Rs80 lakh and Rs4.89 lakh crore for more than Rs80 lakh. These figures also tell us that around 31% of total value of demonetised currency has come back in individual deposits of Rs80 lakh or more.

Source: Mint February 01, 2017 15:33 UTC