The RBI, in a shock determination, has stopped the circulation of Rs 2,000 observe. The central financial institution has order that the notes be exchanged on or earlier than thirtieth September 2023. The determination implies that Rs 2,000 notes will not be in circulation any extra. However, not many individuals know that these printing of Rs 2,000 notes stopped means again within the yr 2018. An RTI reply not too long ago disclosed that no new Rs 2,000 denomination forex notes had been printed throughout 2019-20, 2020-21 and 2021-22.
The RTI utility filed by information company IANS disclosed that the Bharatiya Reserve Bank Note Mudran (P) Ltd printed 3,542.991 million items of Rs 2,000 notes within the monetary yr 2016-17, which drastically got here all the way down to 111.507 million notes in 2017-18 and was additional diminished to 46.690 million notes in 2018-19. The RTI reply obtained from the Bharatiya Reserve Bank Note Mudran (P) Ltd revealed mentioned that ‘0’ variety of Rs 2,000 denomination forex observe was printed in 2019-20, 2020-21 and 2021-22.
As per the information, the full variety of pretend Rs 2,000 notes seized within the nation in 2016 was 2,272, which elevated to 74,898 in 2017 earlier than lowering to 54,776 in 2018. The figures in 2019 stood at 90,566 items, earlier than registering a outstanding spike in 2020 to 2,44,834 items.
How To Change Rs 2,000 Notes?
– The forex notes will proceed to stay authorized tender until September 30. Â
– People who’re within the possession of the forex notes can go to their financial institution department to alternate the notes.
– People who’ve Rs 2000 banknotes of their possession can deposit them into their financial institution accounts and/or alternate them into banknotes of different denominations at any financial institution department as much as September 30, 2023. The window to alternate Rs 2000 banknotes would begin from twenty third May and the final date to take action is thirtieth September.
