2000 Rupees Notes: RBI (Reserve Bank of India) has said that till July 31, 2023, a total of 88 percent notes of Rs 2000 have been returned to the banking system. According to RBI, till May 19, 2023, a total of Rs 2,000 notes worth Rs 3.56 lakh crore were in circulation. And by July 31, 2023, Rs 2000 notes worth Rs 3.14 lakh crore have been returned to the banks. Now only Rs 42,000 crore notes are left in circulation. September 30, 2023 is the last date to deposit or exchange Rs 2,000 notes.
RBI has released the status regarding 2000 rupee notes. The Central Bank said that on May 19, 2023, the RBI had announced the withdrawal of Rs 2,000 notes. Total Rs 2,000 notes in circulation were Rs 3.62 lakh crore as on March 31, 2023, which has come down to Rs 3.56 lakh crore as on May 19, 2023.
Withdrawal of ₹2000 Denomination Banknotes – Statushttps://t.co/J3MOYyCGIU
— ReserveBankOfIndia (@RBI) August 1, 2023
RBI said that according to the data received from the banks, till July 31, 2023, notes worth Rs 3.14 lakh crore have returned to the banking system from circulation. RBI said that now only Rs 42,000 crore of notes are left in circulation. In such a situation, since the announcement of withdrawal of Rs 2,000 notes of RBI on May 19, 2023, till now 88 percent notes have been returned.
RBI told that out of the 2,000 rupee notes that have come back, 87 percent of the notes have been deposited in bank accounts. While 13 per cent of Rs 2000 notes have been exchanged with other notes.
Read also
RBI appealed to the common people and said that they now have two months left to deposit or exchange 2000 rupee notes. RBI has appealed people to deposit or exchange notes before 30 September 2023 to avoid last minute rush.
Get more latest business news updates