2.08% Of Rs 2000 Notes, Valued Rs 7,409 Crore, Still To Be Returned: RBI
NDTV
This essentially means 97.92 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of July 2024, the Reserve Bank of India said in an update on Thursday.
About 2.08 per cent or Rs 7,409 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about ten months after the deadline to deposit or exchange them at bank branches were over.
This essentially means 97.92 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of July 2024, the Reserve Bank of India said in an update on Thursday.
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.
