Over 97% of Rs 2,000 banknotes have been returned: RBI

The whole worth of Rs 2,000 banknotes in circulation, has declined to Rs 9,760 crore on the shut of enterprise on November 30, 2023, the Reserve Bank of India (RBI) introduced on Friday.

Thus, 97.26 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, have since been returned.

The whole worth of Rs 2,000 banknotes when the withdrawal was introduced amounted to Rs 3.56 lakh crore.

The facility for deposit or alternate of the Rs 2,000 banknotes was obtainable in any respect financial institution branches within the nation initially as much as September 30, which was later prolonged as much as October 7.

The facility for alternate of the Rs 2,000 banknotes was additionally obtainable on the 19 Issue Offices of the RBI.

In addition to exchanging the Rs 2,000 denomination banknotes throughout the counters, RBI places of work are additionally accepting Rs 2,000 banknotes from people/ entities for deposit to their financial institution accounts.

Members of the general public from throughout the nation also can ship Rs 2,000 banknotes via India Post from any publish workplace within the nation, to any of the RBI Issue Offices for credit score to their financial institution accounts in India.

The Rs 2,000 banknotes proceed to be authorized tender.

(With inputs from IANS)