The Reserve Bank of India on Friday acknowledged that 97.26 per cent of the Rs 2,000 banknotes have been returned to the baking system. It additional stated the Rs 2,000 notes, which have been in circulation until May 19 this 12 months, proceed to be legal tender.
Rs 2000 banknotes nonetheless in circulation
The central financial institution additionally stated that about 2.7 per cent of Rs 2,000 banknotes are nonetheless in circulation, about two months after the deadline to deposit or trade them at financial institution branches is over. The final day for the general public to avail of trade or to deposit high-value Rs 2000 banknotes on the banks was October 7.
“The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023, the date on which RBI decided to withdraw the banknote. As of November 30, it was at Rs 9,760 crore,” the RBI stated in a launch.
Notably, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be accessible on the 19 challenge places of work of the RBI.
These 19 RBI challenge places of work are:
- Ahmedabad
- Bangalore
- Belapur
- Bhopal
- Bhubaneswar
- Chandigarh
- Chennai
- Guwahati
- Hyderabad
- Jaipur
- Jammu
- Kanpur
- Kolkata
- Lucknow
- Mumbai
- Nagpur
- New Delhi
- Patna
- Thiruvananthapuram
What was RBI’s tips for Rs 2000 notes?
People from inside the nation can ship Rs 2000 banknotes by 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. September 30 was initially determined because the final date to full the trade and deposit train in a time-bound method and to present sufficient time to the general public. People have been requested to utilise the month of September to deposit or trade their Rs 2000 banknotes to keep away from any rush on the final second.
However, the RBI, based mostly on a evaluate, determined to lengthen the association for deposit and trade till October 7, 2023. The Rs 2000 banknote was launched in November 2016, primarily to meet the forex necessities of the financial system expeditiously after the withdrawal of the legal tender standing of all Rs 500 and Rs 1000 banknotes in circulation at the moment.
(With inputs from ANI)
