2000 Rupees Notes: Reserve Bank of India Governor Shaktikanta Das said on Friday that 2000 rupee notes are coming back and now only Rs 10,000 crore worth notes are with the people. He expressed confidence that these notes will also be returned or deposited. RBI had informed on October 6 that such notes worth about Rs 12000 crore are still in circulation and have not been returned to RBI.
Rs 10,000 crore worth Rs 2000 notes left in the market – RBI Governor
In a separate conversation during a program in Delhi, he said that "Rs 2000 notes are coming back and now only Rs 10,000 crore notes are left in the market. Hopefully these notes will also be returned." Earlier, Governor Das had said that 87 percent of the Rs 2,000 notes withdrawn from circulation have returned as deposits in banks. While the remainder has been replaced with notes of other denominations.
Notes are being deposited in RBI offices from October 8
RBI had earlier this month extended the special campaign to withdraw Rs 2000 notes till October 7. After October 7, the facility of depositing and exchanging notes in bank branches was stopped. From October 8, people were given the facility to exchange the notes in 19 offices of the Reserve Bank or deposit the equivalent amount in their bank accounts.
Bank notes of Rs 2,000 can be exchanged up to the limit of Rs 20,000
Individuals or institutions can exchange Rs 2,000 bank notes up to a limit of Rs 20,000 at a time at 19 RBI offices. However, there is no limit on the amount for depositing Rs 2,000 notes into bank accounts through RBI offices. RBI had announced withdrawal of Rs 2,000 notes from circulation on May 19 this year.
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