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Half of all ₹2,000 notes in circulation returned
Hindustan Times
|June 09, 2023
The total value of ₹2,000 bank notes in circulation declined to ₹3.62 lakh crore
Indians have so far returned around half of the ₹2,000 notes in circulation, with 85% deposited in banks and the remainder exchanged by customers, Reserve Bank of India (RBI) governor Shaktikanta Das said on Thursday.
The total value of ₹2,000 banknotes in circulation declined to ₹3.62 lakh crore or 10.8% of notes in circulation on 31 March from ₹6.73 lakh crore on 31 March 2018, constituting 37.3% of notes in circulation, according to RBI data.
"After the announcement that we made, so far, about ₹1.8 lakh crore of ₹2,000 notes have come back, and this is roughly 50% of such notes in circulation on 31 March," he said.
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