Rs 2000 banknotes: Rs 8,202 crore or 2.3% still in circulation

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MUMBAI: About 2.3% or Rs 8,202 crore of the withdrawn Rs 2,000 banknotes are still in circulation, about six months after the deadline to deposit or trade them at financial institution branches is over.
This basically meant 97.69% of the full worth of the high-value Rs 2,000 banknotes have been again in the banking system.
The complete worth of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore on the shut of enterprise on May 19, 2023, the date on which RBI determined to withdraw the banknote.
The final day for the general public to avail of trade or to deposit high-value Rs 2000 banknotes on the banks was October 7, 2023. However, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be accessible on the 19 problem places of work of the RBI.
Those 19 RBI problem places of work are in Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram.
Members of the general public from throughout the nation can ship Rs 2000 banknotes by India Post from any publish workplace in the nation to any of the RBI Issue Offices for credit score to their financial institution accounts in India.
The Rs 2000 banknotes proceed to be authorized tender.
The Rs 2000 banknote was launched in November 2016, primarily to fulfill the forex necessities of the financial system expeditiously after the withdrawal of the authorized tender standing of all Rs 500 and Rs 1000 banknotes in circulation at the moment.
The goal of introducing Rs 2000 banknotes was met as soon as banknotes in different denominations turned accessible in sufficient portions. Therefore, the printing of Rs 2000 banknotes was stopped in 2018-19.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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