Nearly Rs 10k cr of Rs 2k notes still with public: RBI
Says 97.26% of the Rs 2,000 bank notes have been returned to the banking system
image for illustrative purpose
Rs 2k note story
- RBI announced withdrawal of Rs 2,000 notes on May 19, 2023
- Rs 2,000 bank notes continue to be legal tender
- People can deposit/exchange Rs 2,000 bank notes at 19 RBI offices
Mumbai: 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 said in a statement. Thus, 97.26 per cent of the high-value currency in circulation as on May 19, 2023, has since been returned to the banking system, it added.
