New Delhi [India], Nearly nine months after the deadline for depositing or exchanging them at bank branches, about 2.1 per cent of the withdrawn Rs 2,000 bank notes or Rs 7,581 crore are yet to be returned to the RBI. Are.
This essentially means that 97.87 per cent of the total value of the high-value Rs 2,000 notes will return to the banking system by the end of June 2024, the Reserve Bank of India said in a statement on Monday.
The total value of Rs 2000 bank notes in circulation stood at Rs 3.56 lakh crore at the close of business on May 19, 2023, the day the RBI decided to withdraw the bank notes.
The last date for the public to exchange or deposit high value Rs 2000 bank notes in banks was October 7, 2023. However, the window for depositing and/or exchanging Rs 2,000 bank notes will also be available in the 19th issue. RBI offices.
Those 19 issue offices of RBI are in Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram.
People from within the country can send Rs 2,000 bank notes through India Post to any RBI issuing office from any post office for credit to their bank accounts in India.
Bank notes of Rs 2000 will remain legal tender.
The Rs 2000 bank note was introduced in November 2016, primarily to quickly meet the currency requirements of the economy after the withdrawal of the legal tender status of all Rs 500 and Rs 1000 bank notes in circulation at that time.
The objective of introducing Rs 2000 bank notes was achieved once bank notes of other denominations became available in sufficient quantity. Therefore, printing of Rs 2000 bank notes was stopped in 2018-19.
This essentially means that 97.87 per cent of the total value of the high-value Rs 2,000 notes will return to the banking system by the end of June 2024, the Reserve Bank of India said in a statement on Monday.
The total value of Rs 2000 bank notes in circulation stood at Rs 3.56 lakh crore at the close of business on May 19, 2023, the day the RBI decided to withdraw the bank notes.
The last date for the public to exchange or deposit high value Rs 2000 bank notes in banks was October 7, 2023. However, the window for depositing and/or exchanging Rs 2,000 bank notes will also be available in the 19th issue. RBI offices.
Those 19 issue offices of RBI are in Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram.
People from within the country can send Rs 2,000 bank notes through India Post to any RBI issuing office from any post office for credit to their bank accounts in India.
Bank notes of Rs 2000 will remain legal tender.
The Rs 2000 bank note was introduced in November 2016, primarily to quickly meet the currency requirements of the economy after the withdrawal of the legal tender status of all Rs 500 and Rs 1000 bank notes in circulation at that time.
The objective of introducing Rs 2000 bank notes was achieved once bank notes of other denominations became available in sufficient quantity. Therefore, printing of Rs 2000 bank notes was stopped in 2018-19.
