RBI says 97.50% Rs 2,000 notes back in the system
The Rs 2000 banknotes continue to be legal tender, RBI said.
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The Rs 2000 banknotes continue to be legal tender, RBI said.
The Reserve Bank of India (RBI) has yet to receive ₹2000 banknotes worth ₹8,897 crore, according to the latest update as of January 31, 2024. The RBI had previously announced the withdrawal of the ₹2000 denomination banknotes from circulation, and the status of this withdrawal is periodically updated. The facility for deposit and exchange of these banknotes is available at RBI Issue Offices, with a significant portion already returned.
RBI said on February 1, that nearly 97.5 percent of the Rs.2,000 bank notes have been returned to the banking system.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
The total value of Rs 2,000 banknotes in circulation, has declined to Rs 8,897 crore at the close of business on January 31, 2024.Thus, 97.50 per cent of the Rs 2,000 banknotes that were in circulation as on May 19, 2023, when the withdrawal ...