The SBNs received were verified, counted and processed in the sophisticated high speed currency verification and processing system (CVPS) for accuracy and genuineness and then shredded, it added.
RBI said the processing of SBNs has since been completed.
The demonetisation was hailed as a step that would curb black money, corruption and check counterfeit currency but RBI said, "Counterfeit notes detected in SBNs decreased by 59.7 and 59.6 per cent in the denominations of Rs 500 and Rs 1,000, respectively."
In its report, the RBI stated that a grace period was provided to Indian citizens who were outside India between November 9 and December 30, 2016, to deposit SBNs held by them at any of the five Reserve Bank offices (Mumbai, New Delhi, Chennai, Kolkata, and Nagpur), subject to certain conditions.
"SBNs were received by the Reserve Bank either directly or from bank branches/post offices through the currency chest mechanism.
This was because of processing of a large volume of SBNs
withdrawn from circulation by demonetisation, the report said.
"In the services sector, the outlook is mixed with construction, trade, transport, hotels and communication impacted by temporary specified bank notes (SBN
) effects" said the minutes of the meeting released on Wednesday.
Clinicopathological Factors in Association with Identification of at Least 5 SBNs (Step 7).
The lower BMI group showed significantly higher success rate in detection at least 5 SBNs at back table and frozen section, with a linear by linear correlation evident.
After the RBI statement, the ministry had on Wednesday stated that "the government had expected all the SBNs
to come back to the banking system to become effectively usable currency".
SBNS, which was set up in April 2006, signed the MoU at its premises in Latrikunda German.
He has stated that the MoU aims to promote further affiliation between SBNS and the Foundation to provide benefits to the children in Gambia.