Add Tribune As Your Trusted Source
TrendingVideosIndia
Opinions | CommentEditorialsThe MiddleLetters to the EditorReflections
UPSC | Exam ScheduleExam Mentor
State | Himachal PradeshPunjabJammu & KashmirHaryanaChhattisgarhMadhya PradeshRajasthanUttarakhandUttar Pradesh
City | ChandigarhAmritsarJalandharLudhianaDelhiPatialaBathindaShaharnama
World | ChinaUnited StatesPakistan
Diaspora
Features | The Tribune ScienceTime CapsuleSpectrumIn-DepthTravelFood
Business | My MoneyAutoZone
News Columns | Straight DriveCanada CallingLondon LetterKashmir AngleJammu JournalInside the CapitalHimachal CallingHill View
Don't Miss
Advertisement

More than 97 per cent of Rs 2,000 notes returned: RBI

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Yearly Premium ₹999 ₹349/Year
Yearly Premium $49 $24.99/Year
Advertisement

Mumbai, November 1

Advertisement

The Reserve Bank on Wednesday said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system, and only Rs 10,000 crore worth of such notes are still with public. On May 19 this year, the RBI had announced the withdrawal of Rs 2,000 denomination banknotes from circulation. “The total value of Rs 2,000 banknotes in circulation, which amounted to Rs 3.56 lakh crore at the close of business on May 19, 2023 when the withdrawal of Rs 2,000 banknotes was announced, has declined to Rs 0.10 lakh crore at the close of business on October 31, 2023,” it said in a circular.

Advertisement

Thus, RBI added, more than 97 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, have since been returned. Public can deposit and/or exchange the Rs 2,000 banknotes at the 19 RBI offices in the country. “Members of the public are requested to avail the facility of sending the 2000 banknotes through post offices of India Post. This will obviate the need for travel to RBI offices for deposit/exchange of the 2000 banknotes,” the central bank said. Meanwhile, long queues are being witnessed during the working hours at the RBI offices for exchange/deposit of Rs 2,000 notes.

Advertisement
Tags :
MumbaiRBI
Show comments
Advertisement