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97.38 % of Rs 2,000 banknotes returned to RBI since withdrawal

The Daily Guardian

|

January 02, 2024

The Reserve Bank of India (RBI) on Monday said that 97.38 percent of the Rs 2000 banknotes in circulation as of May 19, 2023, have been returned.

97.38 % of Rs 2,000 banknotes returned to RBI since withdrawal

The latest data reveals that the total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore as of May 19, 2023, when the withdrawal was announced, has significantly declined.

As of December 29, 2023, the total value stands at Rs 9,330 crore. This indicates that 97.38 percent of the Rs 2000 banknotes in circulation as of May 19, 2023, have been returned, the RBI said in a statement.

It's crucial to note that despite the withdrawal process, Rs 2000 banknotes continue to be legal tender.

The Daily Guardian से और कहानियाँ

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