New Delhi [India], Nearly eight months after the deadline for depositing or exchanging notes at bank branches, about 2.2 per cent or Rs 7,755 crore of the withdrawn Rs 2,000 notes are still in circulation.
This essentially means that 97.82 percent of the total value of high-value Rs 2,000 notes will come back into the banking system by the end of May 2024.
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 demonetise the bank notes.
The last date for the public to avail the exchange or deposit the high value Rs 2000 banknotes in banks was October 7, 2023. However, the window for depositing and/or exchanging Rs 2,000 banknotes 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 2000 bank notes through India Post to any issuing office of RBI from any post office in India 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 97.82 percent of the total value of high-value Rs 2,000 notes will come back into the banking system by the end of May 2024.
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 demonetise the bank notes.
The last date for the public to avail the exchange or deposit the high value Rs 2000 banknotes in banks was October 7, 2023. However, the window for depositing and/or exchanging Rs 2,000 banknotes 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 2000 bank notes through India Post to any issuing office of RBI from any post office in India 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.
