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“The entire worth of Rs 2,000 financial institution notes in circulation, which amounted to Rs 3.56 lakh crore as on the shut of enterprise on Might 19, 2023 when the withdrawal of Rs 2,000 financial institution notes was introduced, has declined to Rs 9,760 crore as on the shut of enterprise on November 30, 2023,” the RBI mentioned in a press release.
97.26 per cent of the high-value foreign money in circulation as on Might 19, 2023, has since been returned to the banking system, it added.
“The Rs 2,000 financial institution notes proceed to be authorized tender,” the RBI added.
Individuals have the choice to deposit or trade Rs 2,000 banknotes at 19 RBI places of work nationwide. One other technique is sending the notes by way of India Submit from any submit workplace to any RBI Subject Workplace for crediting to their financial institution accounts. Initially, the deadline for trade or deposit was September 30, later prolonged to October 7, after which providers at financial institution branches ceased.
Since October 8, people have had the choice to decide on both trade or credit score providers on the 19 RBI places of work. Lengthy queues have been noticed throughout working hours at these places of work. The 19 RBI places of work accepting these financial institution notes are positioned in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram. The Rs 2,000 financial institution notes had been launched in November 2016 after the demonetization of the Rs 1,000 and Rs 500 notes at the moment.
