Re­turned by Pak, jawan ‘trau­ma­tised, in­co­her­ent’ RBI may of­fer one more chance to de­posit notes THE DE­MON­ETI­SA­TION

AF­TER RE­TURN No in­jury marks on Chavan, but he is psy­cho­log­i­cally stressed

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - Mahua Venkatesh mahua.venkatesh@hin­dus­tan­times.com

Chandu Bab­u­lal Chavan was handed over to In­dia on Jan­uary 21.

The Re­serve Bank of In­dia may al­low cit­i­zens an­other chance to de­posit the scrapped `500 and `1,000 ban­knotes but the ex­change would be for a lim­ited sum, sources in the gov­ern­ment and bank­ing sec­tor said on Wed­nes­day.

The cen­tral bank has been flooded with queries and re­quests from peo­ple who failed to de­posit all their money by the De­cem­ber 30 dead­line, seek­ing re­lief, sources said.

“The amounts are as small as `2,000… the is­sue is be­ing looked into and the ad­vice would be to hold on to those notes as we are ex­am­in­ing (open­ing) an­other win­dow for th­ese gen­uine peo­ple,” the source said.

Many peo­ple were dis­cov­er­ing old cur­rency notes tucked away some­where. In­ter­est­ingly, one of the queries was from a per­son who found a `1,000 bill in a book.

If al­lowed, de­posits would only be for smaller sums to en­sure that the win­dow, which will be for a lim­ited pe­riod, was not mis­used, sources said.

A gov­ern­ment of­fi­cial said the amount ex­pected from this win­dow was mi­nus­cule.

The gov­ern­ment had on Novem­ber 8 re­called the two high­value notes that ac­counted for 86% of the cash in cir­cu­la­tion.

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