MUMBAI: Governor Shaktikanta Das on Friday stated Rs 3.43 lakh crore of Rs 2,000 denomination notes have come again to the system to this point, and reminded the public that they can return the withdrawn notes at 19 RBI offices from October 8. Addressing the customary post-policy press meet right here, Das stated 87 per cent of the notes which have been returned have been deposited into financial institution accounts, whereas the remainder have been exchanged over-the-counter.
At current, over Rs 12,000 crore of notes are nonetheless in circulation, Das stated, reiterating that the notes can be returned even after the top of the prolonged interval.
It can be famous that on May 19, the RBI had stunned all by asserting its intent to withdraw the Rs 2,000 notice launched in 2016 for fast remonetisation, following Prime Minister Narendra Modi’s announcement to suck out over 88 per cent of foreign money in circulation by banning the Rs 500 and Rs 1,000 notes.
The RBI, which had initially given time until September 30, for getting the notes deposited or exchanged, prolonged the identical by every week until October 7, on the final date.
Maintaining that the notes proceed to be authorized tender, the RBI had additionally introduced a brand new system for getting them deposited or exchanged.
“… thereafter (from October 8) it can be, you know, deposited in or exchanged in the Reserve Bank in the issue offices of the Reserve Bank, which is there in almost every state capital we have presence. So there are 19 of them,” Das advised reporters on Friday.
He added that the unique goal of withdrawing the notes, which was additionally pushed by the necessity to take care of previous notes, has been “largely met”.
Das additionally stated that the postal division’s providers can be availed in case somebody can not journey to the RBI offices.
At current, over Rs 12,000 crore of notes are nonetheless in circulation, Das stated, reiterating that the notes can be returned even after the top of the prolonged interval.
It can be famous that on May 19, the RBI had stunned all by asserting its intent to withdraw the Rs 2,000 notice launched in 2016 for fast remonetisation, following Prime Minister Narendra Modi’s announcement to suck out over 88 per cent of foreign money in circulation by banning the Rs 500 and Rs 1,000 notes.
The RBI, which had initially given time until September 30, for getting the notes deposited or exchanged, prolonged the identical by every week until October 7, on the final date.
Maintaining that the notes proceed to be authorized tender, the RBI had additionally introduced a brand new system for getting them deposited or exchanged.
“… thereafter (from October 8) it can be, you know, deposited in or exchanged in the Reserve Bank in the issue offices of the Reserve Bank, which is there in almost every state capital we have presence. So there are 19 of them,” Das advised reporters on Friday.
He added that the unique goal of withdrawing the notes, which was additionally pushed by the necessity to take care of previous notes, has been “largely met”.
Das additionally stated that the postal division’s providers can be availed in case somebody can not journey to the RBI offices.
