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Retain CCTV footage post Demonetisation: RBI to banks

india Updated: Dec 13, 2016 16:48 IST

People stand in long queues to deposit and withdraw cash at a bank in Allahabad on Tuesday.(PTI photo)

The Reserve Bank of India on Tuesday asked banks to retain their CCTV recordings of branch operations and currency chests between November 8 and December 30, to deal with any unlawful activities.

It said this was necessary “to facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation of new currency notes.”

The apex bank had earlier issued a notification on October 27, prior to demonetisation, asking the banks to cover the banking hall or area and counters under CCTV surveillance and record to facilitate identification of people abetting circulation of counterfeit notes.

The government has kept December 30 as the last date to deposit the demonetised Rs 500 and Rs 1,000 notes.