RBI using 'sophisticated' machines to test 'genuineness' of demonetised currency

Earlier, the media reported the bank's RTI statement saying it was not using machines to count the scrapped currency.

RBI says received 99 per cent of scrapped Rs 500/1000 notes worth Rs 15.2 lakh cr

Govt cancelled Rs 1,000 and Rs 500 currency notes as part of drive against black money and tax evasion.

The Congress claimed never before has the “credibility of the currency in circulation been challenged like this as today”.

Deputy Chairman P J Kurien said even if there are two types of notes, it cannot be a point of order.

There is no major change in design of these notes in comparison to the earlier issued notes.

Urjit Patel says no records of talks between RBI and govt on note ban were maintained because of secrecy.

Govt had scrapped Rs 15 lakh crore worth of old Rs 1,000 and Rs 500 notes in November last year.

The bank officials, however, said the misprinted notes were received as such from the Reserve Bank of India.

Govt made a U-turn on 4-year jail term but will continue with the plan to impose a fine of up to Rs 50,000 for holding Rs 500/1000 notes.

The penal provisions, which are yet to be finalised, will involve a fine of a minimum Rs 50,000 or 5 times the amount in question.