Rs 12,000 Crore Of Rs 2,000 Currency Notes Still In Circulation: RBI
NDTV
Governor Shaktikanta Das said the public can return the Rs 2,000 denomination notes at 19 RBI offices.
Governor Shaktikanta Das on Friday said Rs 3.43 lakh crore of Rs 2,000 denomination notes have come back to the system so far, and reminded the public that they can return the withdrawn notes at 19 RBI offices from October 8. Addressing the customary post-policy press meet here, Mr Das said 87 per cent of the notes that have been returned have been deposited into bank accounts, while the rest have been exchanged over the counter.
At present, over Rs 12,000 crore of notes are still in circulation, Mr Das said, reiterating that the notes can be returned even after the end of the extended period.
It can be noted that on May 19, the RBI surprised all by announcing its intent to withdraw the Rs 2,000 note introduced in 2016 for quick remonetisation, following Prime Minister Narendra Modi's announcement to suck out over 88 per cent of the currency in circulation by banning the Rs 500 and Rs 1,000 notes.
