Finance Minister Arun Jaitley on Tuesday said people can go and deposit old currency notes in one go at banks till December 30.

“Today there are no exemptions for the use of old currency notes. So if some one goes and deposits old currency notes everyday, what suspicion does it raise?” he said while clarifying on the Reserve Bank of India’s circular on Monday that said that people can deposit old currency notes of over ₹5,000 only once in their bank accounts.

“There is no scope for earning old currency now,” he said noting that the use of old notes at petrol pumps and pharmacies has now been stopped.

Late on Monday night, the Minister had also said that no questions would be asked by banks if deposits over the limit are made at one go. However, repeated deposits by the same person would raise queries.

Jaitley also stressed that the Reserve Bank of India has adequate cash supply that would last not only till the end of the month but even beyond.

“Full preparation was made before the announcement to demonetise ₹ 500 and ₹ 1,000 notes was made. There has not been one day when the RBI did not supply enough money in the market,” he said.

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