Information under RTI: Re-circulation of Cash confiscated in Raids.

On Sunday, December 11, 2016 at 2:12:06 PM UTC+5:30, Sanjeev wrote:

Registration Number

S K Goyal

Date of Filing

RTI Fee Received

Payment Mode
Credit or Debit Card / RuPay Card

SBI Reference number

Transaction Status
Transaction Successful

Request filed with
Ministry of Home Affairs

As a result of nationwide Income Tax raids on black money hoarders large sums are being recovered in new currency notes. While this large sums are being recovered crores of people are standing in Q wasting their precious time in front of banks to face acute shortage of new currency notes. It is understood that as per legal process the money is not deposited in banks but stored as a proof for producing in court. Now in view of availability of electronic recording this storage may be avoided in larger public interest. In this back ground please inform:
(i)            Whether this new currency so confiscated in raids is stored by Income Tax Department/Police in their warehouse for indefinite period or is being deposited in banks for recirculation among public?
(ii)           In case this is not being deposited in banks who can authorize IT Department or Police to deposit the sum in banks to ease the shortage of new currency notes?

Telephone Number

Email Id