Mon, Jul 22, 2024
Whatsapp

Rs 2,000 notes worth Rs 7,581 crore still in circulation

Reserve Bank of India (RBI) stated that 97.87 per cent of the Rs 2000 denomination banknotes have returned to the banking system, However, Rs 7,581 crore worth of the withdrawn notes are still with the public.

Reported by:  PTC News Desk  Edited by:  Shgun S -- July 01st 2024 04:23 PM -- Updated: July 01st 2024 06:23 PM
Rs 2,000 notes worth Rs 7,581 crore still in circulation

Rs 2,000 notes worth Rs 7,581 crore still in circulation

PTC Web Desk: The Reserve Bank of India (RBI) stated that 97.87 per cent of the Rs  2000 denomination banknotes have returned to the banking system, However, Rs 7,581 crore worth of the withdrawn notes are still with the public.

On May 19, 2023, the RBI announced the withdrawal of ₹ 2000 denomination banknotes from circulation.


Since May 19, 2023, the total value of Rs 2000 banknotes in circulation has decreased from Rs 3.56 lakh crore to Rs 7,581 crore as of June 28, 2024.

"97.87% of the Rs 2000 banknotes in circulation as of May 19, 2023, has since been returned," RBI said.

Until October 7, 2023, Rs 2000 banknotes could be deposited or exchanged at all bank branches nationwide.

Also Read | Blockbuster Alert: 'Kalki 2898 AD' Outperforms 'Jawan' and 'Pathaan' with Massive Earnings

Since May 19, 2023, banknotes worth Rs 2000 can be exchanged at the Reserve Bank's 19 issuing offices.

Beginning October 9, 2023, RBI issue offices will accept Rs 2000 banknotes from individuals and entities for deposit into bank accounts.

Members of the public can credit their bank accounts with Rs 2000 banknotes by sending them through India Post from any post office in the country to any RBI issue office.

The 19 RBI offices for depositing and exchanging banknotes are located in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram.

Also Read | Jasprit Bumrah and Sanjana Ganesan: A Love Story On and Off the Field

- PTC NEWS

Top News view more...

Latest News view more...

PTC NETWORK