33,647 notes in denomination of Rs 1000 and 95,677 notes in denomination of Rs 500 were deposited. Scrapped Rs 500 and 1,000 notes were deposited by DTC officials in banks despite the state bus agency issuing an order on November 9, asking the conductors not to accept Demonetized notes. Jain sought to know how high-value currency notes were deposited in banks by DTC officials if bus conductors did not accept them from passengers. For instance, Rs 11.65 lakh was deposited in a bank by a bus depot staff of which, surprisingly, 98% was in the form of Rs 500 and Rs 1,000 notes. At depots of West Zone, 16,593 notes of Rs 1,000 and 43,636 notes of Rs 500 were deposited in banks," he said.
Source: dna November 29, 2016 18:13 UTC