RBI refuses deposit, Rs 93 cr left stranded

A van carrying Rs 92 crore in cash of three banks of Alwar
district of Rajasthan was tonight parked outside the Reserve Bank of
India office in Jaipur after the central bank refused to accept the
deposit which did not arrive on time.
The van carrying the wads of currency notes stacked in 90 boxes was
left stranded in front of RBI office gate and is surrounded by armed
policemen.
The RBI declined to accept the money brought from State Bank of India,
Punjab National Bank and Grameen Bank branches in Alwar as the vehicle
could not reach the RBI office by the deadline of 5 pm, police said.
RBI officers have been informed about the van being stranded in front
of the RBI office but no officer of the central bank has arrived till
late in the evening.
Meanwhile, the vehicle carrying the huge amount of cash was allowed to
park inside the RBI premises late tonight.
When contacted, GM, RBI, (Rajasthan) S N Panda told PTI that as the
matter has been referred to the RBI headquarters in Mumbai "I cannot
answer media queries now".
G N Pareek, secretary of RBI Association, said there appeared to be a
communication gap between the sender of the cash and RBI.
Meanwhile, the SP of East Ghoomariya said that in view of the
requirements of heightened security ahead of the Independence Day, the
police expressed its inability to provide protection to the van
carrying the cash at Gandhi Nagar police station.
RBI was asked to allow the van inside the premises and clear the
remittance during the night, the SP said.