Only Rs 7,581-cr worth Rs 2000 notes with public

Mumbai: Reserve Bank of India (RBI) on Monday said 97.87 per cent of the Rs2000 denomination banknotes have returned to the banking system, and only Rs7,581 crore worth of the withdrawn notes are still with the public.

On May 19, 2023, the RBI announced the withdrawal of Rs2000 denomination banknotes from circulation. The total value of Rs2000 banknotes in circulation, which was Rs3.56 lakh crore on May 19, 2023, has declined to Rs7,581 crore.