The Reserve Bank of India (RBI) on Tuesday released the latest update on 2000 rupee notes. RBI said that 98 percent of 2000 rupee notes have returned to the banks.
But RBI also said that 2 percent of 2000 rupee notes withdrawn from circulation, that is, about 7117 crore rupees worth of notes are still with the people and they have not yet returned to the banks. Let us tell you that on March 19 last year, the Reserve Bank of India had announced the withdrawal of 2000 rupee notes from circulation.
As of May 19, 2023, notes worth Rs 3.56 lakh crore were in circulation
The total value of 2000 rupee notes in circulation till May 19, 2023 was Rs 3.56 lakh crore. Which has now come down to Rs 7117 crore on September 30, 2024. But the surprising thing here is that about one and a half years have passed since the RBI took the 2000 rupee notes out of circulation and people are still holding 2000 rupee notes worth Rs 7177 crore with them.
2000 rupee notes could be deposited or exchanged in banks till October 7, 2023
The Reserve Bank of India said in a statement, “98 percent of the Rs 2000 banknotes in circulation as on May 19, 2023 have been returned.” The last date for depositing or exchanging Rs 2000 banknotes in circulation was October 7, 2023 in all banks across the country.
The facility for exchanging the Rs 2000 banknotes withdrawn from circulation is available at 19 issue offices of the Reserve Bank from May 19, 2023. RBI’s issue offices are also accepting or exchanging Rs 2000 banknotes from individuals and entities for depositing them in their bank accounts from October 9, 2023.
Notes can also be sent to RBI’s issue office through post
Apart from this, Rs 2000 notes can also be sent to any issue office of RBI through Indian Post in the country. This money is deposited in their bank account. The 19 RBI offices that deposit/exchange bank notes are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram. Let us tell you that Rs 2000 bank notes were issued after demonetization of Rs 1000 and Rs 500 bank notes in November 2016.
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