RBI gave new update, 97.69 percent of ₹ 2,000 notes returned to the banking system.

Ronit Kawale
Ronit Kawale - Senior Editor
3 Min Read

New Delhi. The Reserve Bank of India i.e. RBI has given a big update regarding the Rs 2,000 note on Monday (April 1). RBI said that 97.69 percent of the notes worth Rs 2,000 have returned to the banks. People now have only Rs 2,000 notes worth Rs 8,202 crore. Let us tell you that on May 19, 2023, RBI had announced to withdraw bank notes of Rs 2,000 denomination from circulation.

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RBI said in the statement that the total value of Rs 2000 notes in circulation on May 19 was Rs 3.56 lakh crore. It has now reduced to Rs 8,202 crore on March 29, 2024. Thus, 97.69 percent of the Rs 2000 notes that were in circulation on May 19, 2023, have been returned.

Rs 2,000 bank notes will remain legal tender
RBI said that Rs 2000 bank note remains legal tender.

Rs 2000 notes can also be sent to RBI through India Post
People can deposit or exchange Rs 2000 bank notes at 19 RBI offices across the country. People can send Rs 2000 bank notes from any post office to any issue office of RBI to deposit in their bank accounts in the country.

Entities holding such notes were initially asked to exchange them or deposit them in bank accounts by September 30, 2023. Later the deadline was extended till October 7, 2023. Deposit and exchange services in bank branches were closed on October 7, 2023. Let us tell you that from October 8, 2023, people have been given the option to exchange the notes in 19 offices of RBI or deposit the same amount in their bank accounts.

These are the 19 RBI offices of the country
The 19 RBI offices offering bank note deposits/exchange are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram. .

Tags: RBI, Reserve bank of india

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