New Delhi: The Reserve Bank of India (RBI) has directed all the banks in the country to preserve the CCTV recordings of the 2016 demonetisation period.
RBI said that the investigating agencies of the country are investigating many cases of the time of demonetisation and these cases are pending in many courts of the country. Therefore, banks should keep the CCTV video footage with them now, so that they can cooperate in the investigation.
RBI said in its order that all banks should preserve the video footage from November 8, 2016 to December 30, 2016 for now, as the investigating agencies are investigating the collection of new notes illegally.
RBI has asked to preserve the CCTV recording till further orders. This RBI order means that even after more than 4.5 years of demonetisation, the investigation of the issue of illegal deposit of new notes with them is still going on.
In the case of illegal movement of new notes in demonetisation, the investigating agencies are yet to complete the investigation. According to RBI data, more than 99% of the old Rs 500 and Rs 1000 notes were returned to the banking system after demonetisation.