Denomination

98.2% of ₹2000 notes back in system, Rs 6.3K cr worth notes still out: RBI

The Reserve Bank on Tuesday said 98.21 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,366 crore worth of such notes are still with the public. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, has declined to Rs 6,366 crore at the close of business on March 31, 2025, RBI said. "Thus, 98.21 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," it said in a statement. The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches till October 7, 2023. However, this facility is still available at the 19 issue offices of the Reserve Bank. Since October 9, 2023, RBI issue offices are also accepting Rs 2000 banknotes from individuals and entities for deposit into their

Since withdrawal, 98% of Rs 2,000 notes have been returned, says RBI

The Reserve Bank of India on Tuesday said 98 per cent of the Rs 2,000 denomination notes have been returned since its May 2023 move to withdraw the currency notes. The total value of notes of the denomination has reduced to Rs 7,117 crore from the Rs 3.56 lakh crore on May 19, 2023, the central bank said. "98 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," the RBI said. On May 19, 2023, the RBI announced a surprise decision to withdraw the Rs 2,000 currency notes. The move was prompted on quality concerns and the denomination introduced after the demonetisation of November 2016 fulfilling its purpose. The central bank said Rs 2,000 notes continue to be legal tender and can be exchanged at 19 issue offices of the RBI either physically or sent by post for a credit into bank accounts.

97.9% of Rs 2,000 notes returned, Rs 7,261 cr worth notes still with public

The Reserve Bank of India (RBI) on Monday said 97.96 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,261 crore worth of the withdrawn notes are still with the public. On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, has declined to Rs 7,261 crore at the close of business on August 30, 2024, the RBI said. "Thus, 97.96 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," it said in a statement. The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches in the country till October 7, 2023. The facility for the exchange of the Rs 2000 banknotes has been available at the 19 issue offices of the Reserve Bank since May 19, ...

Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report

Back in May 2023, the central bank said that it would withdraw Rs 2,000 notes from circulation and allowed people to exchange or deposit these notes latest by September 30, 2023

RBI asks banks to keep daily data on exchange, deposit of Rs 2,000 notes

Banks will have to submit the data 'as and when called for', says central bank in notification

Provide adequate infra at branches for Rs 2,000 note exchange: RBI to banks

RBI governor Shaktikanta Das said that after September 30, the further decision will be taken based on the number of notes deposited

Demonetised currency notes worth Rs 48 mn seized in Tamil Nadu's Sivaganga

The police on Monday seized Rs 48 million in demonetised currency notes from Kalayarkoil area of Tamil Nadu's Sivaganga district

240,000 ATMs to be recalibrated, but consumers need not worry, says FIS

In case of recalibration the number of withdrawals would increase as only lower denomination notes were likely to be dispensed

Smaller deposits to be probed only if big accounts indicate irregularities

Limited personnel at the income tax department might compel them to focus on big fish than small depositors

Denomination effect: 2 held in Punjab on charge of printing fake Rs 2,000 notes

The government had on November 10 issued the new notes of Rs 2,000 denomination in the wake of November 8 demonetisation of the Rs 500 and Rs 1,000 notes.