Almost 97.38% Rs 2,000 notes returned to banking system; Rs 9,330 cr nonetheless with public: RBI
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“The overall 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 Could 19, 2023, when the withdrawal of Rs 2,000 financial institution notes was introduced, has declined to Rs 9,330 crore as on the shut of enterprise on December 29, 2023,” the RBI stated in an announcement.
Thus, 97.38 per cent of the high-value foreign money in circulation as of Could 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.
Folks can deposit and/or trade Rs 2,000 financial institution notes on the 19 RBI places of work throughout the nation. Folks can even ship Rs 2,000 financial institution notes by India Put up from any submit workplace to any of the RBI Challenge Workplaces for credit score to their financial institution accounts in India.
Public and entities holding such notes had been initially requested to both trade or deposit them in financial institution accounts by September 30. The deadline was later prolonged to October 7. Deposit and trade providers at financial institution branches had been discontinued on October 7. Beginning October 8, people have been supplied with the selection of both exchanging the foreign money or having the equal sum credited to their financial institution accounts on the 19 places of work of the RBI. In the meantime, queues are being witnessed throughout working hours on the RBI places of work for trade/deposit of Rs 2,000 notes.
The 19 RBI places of work depositing/exchanging the financial institution notes are 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 following the demonetisation of the then-prevailing Rs 1,000 and Rs 500 financial institution notes.
