Reserve Bank of India gave this big update on 2000 rupee note, notes have been out of circulation
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This announcement was made on May 19
On May 19, the RBI had announced the withdrawal of Rs 2,000 notes from circulation. For this, consumers have been given the facility to deposit or exchange these notes in banks till 30 September. In this sequence, till July 31, Rs 2,000 notes worth Rs 3.14 lakh crore have been returned to the banks. Now only Rs 2,000 notes worth Rs 42,000 crore are in circulation. When the RBI announced the withdrawal of these notes from circulation, notes worth Rs 3.56 lakh crore were in circulation.
requested people
As on March 31, the value of these notes was Rs 3.62 lakh crore. About 87 per cent of the Rs 2,000 notes coming back to the banking system came in the form of bank deposits, while 13 per cent were exchanged for notes of other denominations, the RBI said.
The central bank has urged people to deposit Rs 2,000 notes in their possession in banks by September or exchange them for other notes to avoid any inconvenience.
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