The decision to demonetise Rs.500 and
Rs.1000 currency notes has started showing results and Rs.4 lakh crore has come
to banks, Law Minister Ravi Shankar Prasad said on Saturday.

“Demonetisation showing results,
Rs 4 lakh crore has come to banks, all now clean money; terrorist flow of
counterfeit money stopped,” he retweeted a tweet attributed to him.

He also said Maoists and other
extremists are now finding their financial backbone completely broken.
“India’s economy surging, security getting strengthened,” he said.

Prime Minister Narendra Modi had on
November 8 surprised citizens by announcing demonetisation of Rs 500 and 1,000
currency notes and since then large number of seemingly unending queues before
banks and post offices are seen in order to exchange these currencies.