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The full worth of Rs 2,000 banknotes in circulation, which was Rs 3.56 lakh crore on the shut of enterprise on Could 19, 2023, when the withdrawal of Rs 2,000 banknotes was introduced, has declined to Rs 8,202 crore on the shut of enterprise on March 29, 2024, the central financial institution mentioned in a press release.
On Could 19, 2023, the RBI introduced the withdrawal of Rs 2,000 denomination financial institution notes from circulation.
“Thus, 97.69 per cent of the Rs 2000 banknotes in circulation as of Could 19, 2023, has since been returned,” it added.
The Rs 2,000 banknotes proceed to be authorized tender.
Folks can deposit and/or trade Rs 2,000 financial institution notes at 19 RBI places of work throughout the nation. Folks may also ship Rs 2,000 financial institution notes by India Put up from any submit workplace to any of the RBI Subject Places of work for credit score to their financial institution accounts in India. Private and non-private entities holding such notes had been initially requested to both trade or deposit them in financial institution accounts by September 30, 2023. The deadline was later prolonged to October 7, 2023. Deposit and trade providers at financial institution branches had been discontinued on October 7, 2023. Beginning October 8, 2023, people have been supplied with the selection of both exchanging the forex or having the equal sum credited to their financial institution accounts on the 19 places of work of the RBI.
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.
