RBI directs banks to keep record of issuance of new notes

Reserve Bank of India has directed banks to keep record of new notes in view of seizures by Income Tax Department and other law enforcement agencies of large quantities of high denomination notes. 

The RBI said, the banks are advised to maintain a daily record of issuances showing the serial numbers



of 500 rupee notes and above received from RBI, branches of their own and other banks and post offices on daily basis.Finance Ministry on Sunday had asked all public sector banks to strictly maintain record of deposits made through both old 500 and 1,000 rupee notes and other valid currencies.