According to the RBI, there are still 2,000 notes in circulation for a total of Rs 9,760 crore

 According to the RBI, there are still 2,000 notes in circulation for a total of Rs 9,760 crore

According to the RBI, there are still 2,000 notes in circulation for a total of Rs 9,760 crore

The RBI said on May 19 that banknotes with a value of Rs 2,000 will no longer be in circulation.

Only Rs 9,760 crore worth of notes worth 2,000 rupees remain in circulation, according to the Reserve Bank of India (RBI), which said on Friday that around 97.26% of the notes had been reinserted into the banking system.

The RBI said on May 19 that banknotes with a value of Rs 2,000 will no longer be in circulation.

When the removal of Rs 2,000 bank notes was announced on May 19, 2023, at the end of business, the total value of Rs 2,000 bank notes in circulation was Rs 3.56 lakh crore, which decreased to Rs 9,760 crore. Has taken place. November 30, 2023, at close of business," the RBI said in a statement.

By May 19, 2023, 97.26 percent of the high-value currency that was in circulation had been brought back into the banking system.

"Rs 2,000 bank notes will continue to be legal tender," the Reserve Bank of India said. Nineteen RBI locations nationwide accept deposits and/or exchanges of Rs 2,000 in banknotes. For credit to their bank accounts in India, individuals may transfer two thousand rupees by Indian Post from any post office to any RBI issuing office.

Initially, the notes were requested to be exchanged or deposited into bank accounts by September 30 by the general population and institutions holding them.

Later, the deadline was moved to October 7. On October 7, bank branches closed for both deposits and exchanges. People may now choose to swap their currencies or put the equal amount into their bank accounts as of October 8. RBI has 19 offices.

In the meanwhile, lines are forming at RBI locations during business hours to exchange or deposit Rs 2,000 notes. Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, as well as Thiruvananthapuram are the 19 RBI offices that provide bank note deposits and exchange.

November 2016 saw the introduction of the Rs 2,000 bank notes after the demonetization of the then-current Rs 1,000 and Rs 500 bank notes.