A new Financial Intelligence Unit (FIU) report has found that the country's banks not only received an all-time high amount of fake currency in 2016-17, but also detected an over 480 per cent jump in suspicious transactions post demonetization.

Bharti Airtel has been using Aadhaar-eKYC based SIM verification process to open new accounts with its Airtel Payments Bank with the consent of its users.

Bringing a much needed relief to individuals who are yet to link bank accounts with Aadhaar, the government on Wednesday postponed the Aadhaar-bank account linking deadline to March 31, 2018.

Prime Minister Narendra Modi and several other Cabinet Ministers today took to Twitter to claim that the demonetisation was a 'historic and multi-dimensional success'.

The BJP is celebrating November 8 as 'Anti-Black Money Day'. However, this celebration move has not gone well with the country's grand old party Congress as party Vice-President Rahul Gandhi termed the note ban move a 'tragedy' that wreaked havoc on Indian economy.

These twin blows damaged India's medium and small manufacturing sectors and our businesses had to run to Chinese imports at the cost of Indian jobs, he added.

Nearly a year after Prime Minister Narendra Modi announced demonetisation, the Rs 500 and Rs 1,000 bills returned to banks are still being \"processed in all earnest\" through a sophisticated currency verification system, the RBI has said.

The government has made it mandatory for banks and financial institutions to check the original identification documents of individuals dealing in cash above the Rs 50,000 threshold as part of the stepped up war against black money.

The Reserve Bank of India (RBI) is not using 'counting machines' for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, the central bank has said in an RTI reply.

The Reserve Bank of India (RBI) has said counting machines are \"not being used\" for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, according to an RTI reply.

RBI has reported in their Annual Accounts that Specified Bank Notes (SBNs) of estimated value of Rs. 15.28 lakh crore have been deposited back as on 30.6.2017.  The outstanding SBNs as on 8th November, 2016 were of Rs. 15.44 crore value.

In its annual report, the Central bank said that after demonetization, close to 99 per cent currency was back in the banks, leaving out only Rs 16,050 in black cash that had been weeded out.    

With over Rs 15 lakh crore of junked currency coming back into the banking system post demonetisation, the government said a \"significant portion\" of it could be black money.

The Reserve Bank of India released their Annual Report for the financial year 2016-17 today.

According to the RBI, during 2016-17, 762,072 pieces of counterfeit notes were detected in the banking system, of which 95.7 per cent were detected by commercial banks.

Reports of Rs 1,000 currency bills being reintroduced started doing the rounds shortly after the Reserve Bank of India issued new 200 rupee notes for the first time ever on August 25.

\"There is no proposal to reintroduce 1,000 rupee note\" said Economic Affairs Secretary Subhash Chandra Garg in a tweet.

While a section of financial experts have attributed the slowing down of the economy in the final quarter to demonetisation, what seems to be more pronounced is the haphazard way the currency change was managed.