Many pro-demonetisation economists and analysts had in the early days of the move claimed at least 20 per cent of the Rs 15.55 trillion of cancelled money would not come back to the system, which in turn, could enable the RBI to write off that amount from its balance sheet. The profit accretion could then be transferred to the Government by the RBI as surplus transfer.
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According to a report by Motilal Oswal, only 3.5% of the money cancelled by demonetisation was not returned to the system.
Here are following important notes :
