More than 97 per cent of Rs 2,000 notes returned, Rs 10,000 cr worth currency still with public: RBI
The Reserve Bank of India (RBI) said on Wednesday that more than 97 percent of the Rs 2,000 banknotes in circulation have been returned to the banking system. The Central Bank stated that only Rs 10,000 crore worth of such notes are still with the public.
The RBI said in a statement, “The total value of Rs 2,000 bank notes in circulation came to Rs 3.56 lakh crore at the close of business on 19 May 2023 when the withdrawal of Rs 2,000 bank notes was announced, after reducing to Rs. 0.10 lakh crore as at the close of business on October 31, 2023.”
Hence, RBI added, more than 97 per cent of the Rs 2,000 banknotes in circulation on May 19, 2023, have since been returned.
The public can deposit and/or exchange the Rs 2,000 bank notes at the 19 RBI offices in the country.
“Members of the public are requested to avail the facility of sending the ₹2000 bank notes through India Post post offices.
This will avoid the need to travel to RBI offices for deposit / exchange of ₹2000 notes,” the central bank said.
Meanwhile, long queues are being witnessed during working hours at RBI offices to exchange / deposit Rs 2,000 notes.
(With PTI inputs)
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