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More Than 97% Of Rs 2,000 Notes Returned Since May 2023: RBI

More Than 97% Of Rs 2,000 Notes Returned Since May 2023: RBI

NDTV
Monday, March 04, 2024 09:13:06 AM UTC

RBI said that nearly 97.62 per cent of the withdrawn notes have been returned to the banking system.

The Reserve Bank of India said on March 1 that about Rs 8,470 crore worth of the Rs 2,000 banknotes are still with the public. The country's central bank also added that nearly 97.62 per cent of the withdrawn notes have been returned to the banking system.

It must be noted that last year on May 19, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation.

In an official statement, the RBI shared how people can deposit and exchange Rs 2000 banknotes. “The facility for exchange of the ₹2000 banknotes is available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices)1 since May 19, 2023. From October 09, 2023, RBI Issue Offices are also accepting ₹2000 banknotes from individuals/entities for deposit into their bank accounts. Further, members of the public are sending ₹2000 banknotes through India Post from any post office within the country to any of the RBI Issue Offices for credit to their bank accounts,” the RBI stated. These 19 RBI offices are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram.

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