RBI says Rs 2 000 notes totalling Rs 9 760 cr still with public
(This story has not been edited by THE WEEK and is auto-generated from a PTI
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(This story has not been edited by THE WEEK and is auto-generated from a PTI
RBI said nearly 97.26 percent of Rs 2000 bank notes have been returned to banking system, and only Rs 9,760 crore notes are still with public.
The Reserve Bank of India (RBI) on Friday said nearly 97.26 per cent of the Rs 2,000 bank notes have been returned to the banking system, and only about Rs 9,760 crore worth of the notes are still with the public. On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation. 'The total value of Rs 2,000 bank notes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023 when the withdrawal of Rs 2,000 bank notes was announced, has declined to Rs 9,760 crore as at the close of business on November 30, 2023,' the RBI sai...
This essentially means that 97.26 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system, , 2000 banknotes, reserve bank of india
The total value of ₹2,000 banknotes in circulation, has declined to ₹9,760 crore at the close of business on November 30, 2023, the Reserve Bank of India (RBI) announced on Friday.