RBI said, 97 percent of notes worth Rs 2,000 have returned, notes worth Rs 10 thousand crore are with the public.
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ANI
The total value of Rs 2,000 denomination notes in circulation stood at Rs 3.56 lakh crore at the close of business on May 19, 2023, the bank said. Now it has come down to Rs 10,000 crore on October 31, 2023.
The Reserve Bank of India (RBI) on Wednesday said more than 97 per cent of the Rs 2,000 notes in circulation have returned to the banking system, and only Rs 10,000 crore worth of such notes are still in public circulation. The total value of Rs 2,000 denomination notes in circulation stood at Rs 3.56 lakh crore at the close of business on May 19, 2023, the bank said. Now it has come down to Rs 10,000 crore on October 31, 2023. People were given the facility to deposit these notes in banks and exchange them with notes of other denominations.
According to RBI, in this way, more than 97 percent of the total notes worth Rs 2,000 in circulation till May 19, 2023 have now been returned. Although these notes cannot be deposited in banks now, Rs 2,000 notes can be deposited or exchanged in 19 offices of the Reserve Bank. Meanwhile, long queues are being seen during working hours at RBI offices to exchange or deposit Rs 2,000 notes.
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