97.38% of Rs2000 banknotes returned to RBI since withdrawal
The Reserve Bank of India (RBI) on Monday said that 97.38 per cent of the Rs 2000 banknotes in circulation as of May 19, 2023
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The Reserve Bank of India (RBI) on Monday said that 97.38 per cent of the Rs 2000 banknotes in circulation as of May 19, 2023
From October 9, 2023, RBI Issue Offices are also accepting Rs 2,000 banknotes from individuals or entities for deposit into their bank accounts. Individuals from within the country are sending Rs 2,000 banknotes through India Post from any post office in the country, to any of the RBI Issue Offices for credit to their bank accounts.
The Reserve Bank of India (RBI) said on Monday that the total value of ₹2,000 banknotes declined to ₹9,330 crore at the close of business on December 29. Thus, 97.38 per cent of ₹2000 banknotes have now been returned. The total value of the Rs 2
(This story has not been edited by THE WEEK and is auto-generated from a PTI
The Rs 2000 banknotes continue to be legal tender, RBI said in a release.