Maha coop bks stUck with RUPEE 101 Cr demonetised notes for 8 years.

​Nearly nine years after the demonetization of ₹500 and ₹1,000 currency notes in November 2016, several district cooperative banks in Maharashtra continue to hold significant amounts of these demonetized notes, totaling approximately ₹101.18 crore.

The affected banks include:

  • Wardha DCCB: ₹78 lakh​
  • Nagpur DCCB: ₹5.02 crore
  • Amravati DCCB: ₹11 lakh​
  • Pune DCCB: ₹22.25 crore
  • Kolhapur DCCB: ₹25.27 crore
  • Sangli DCCB: ₹14.72 crore
  • Nashik DCCB: ₹21.32 crore
  • Ahilyanagar DCCB: ₹11.68 crore​

These banks are unable to deposit or dispose of the invalid notes due to regulatory restrictions, leading to concerns about unresolved financial and legal challenges.

Previously, in 2018, the National Bank for Agriculture and Rural Development (NABARD) had instructed eight banks to destroy these notes and account for the loss, as the Reserve Bank of India (RBI) refused to accept them. However, the banks contested this directive, leading to prolonged legal battles.

In February 2025, reports highlighted that despite various attempts to resolve the issue, the demonetized currency remained unresolved, burdening the banks with non-performing assets.

This situation underscores the enduring challenges faced by Maharashtra’s district cooperative banks in managing the aftermath of the 2016 demonetization.​

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