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Around 97.76% of the ₹2000 banknotes in circulation as on May 19, 2023 have already been returned, said the Reserve Bank of India (RBI) in an announcement made on Thursday. The central bank added that ₹2000 banknotes will continue to be legal tender
RBI announces 97.76% of Rs 2000 banknotes returned. Know the latest status of Rs 2000 note withdrawal, exchange facilities and deadline
The Reserve Bank of India (RBI) reported that 97.76% of the Rs 2000 denomination banknotes have been returned to the banking system, leaving only Rs 7,961 crore with the public. Since the announcement of their withdrawal from circulation on May 19, 2023, the total value of Rs 2000 banknotes has decreased from Rs 3.56 lakh crore to Rs 7,961 crore by April 30, 2024. Despite the withdrawal announcement, Rs 2000 banknotes remain legal tender.
MUMBAI —The Reserve Bank of India (RBI) said in its currency update on Thursday that 97.76 per cent of the INR 2,000 banknotes in circulation as on May 19,
The Reserve Bank of India (RBI) has released an update regarding the withdrawal of Rs 2000 denomination banknotes from circulation.