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Value of Rs 2000 banknotes in circulation down to Rs 8202 cr: RBI
The Business Guardian
|April 02, 2024
Nearly 97.69 per cent of the Rs 2,000 denomination bank notes withdrawn from circulation in May 2023 by the Reserve Bank of India (RBI) have returned to the banking system, and only Rs 8,202 crore worth of the withdrawn notes are still with the public, the RBI said on Monday.
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The total value of Rs 2,000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of Rs 2,000 banknotes was announced, has declined to Rs 8,202 crore at the close of business on March 29, 2024, the central bank said in a statement. The Rs 2,000 banknotes continue to be legal tender. People can deposit and/or exchange Rs 2,000 bank notes at 19 RBI offices across the country. People can also send Rs 2,000 bank notes through India Post from any post office to any of the RBI Issue Offices for credit to their bank accounts in India.
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