The entire value of the Rs 2,000 banknotes in circulation on May 19, 2023, at the conclusion of business, was Rs 3.56 lakh crore. According to a statement released by the Reserve Bank, the amount of high-value banknotes that had been announced for withdrawal has decreased to Rs 7,961 crore as of April 30, 2024, the end of business day.
Just Rs 7,961 crore worth of the removed notes are still in circulation, according to the Reserve Bank of India (RBI), which reported on Thursday that 96.76% of the banknotes with a value of Rs 2,000 had been restored to the banking system. The RBI declared on May 19, 2023, that banknotes with the denomination of Rs 2,000 will no longer be in circulation.
The When the announcement of the high-value banknote withdrawal was made on May 19, 2023, the total value of the Rs 2,000 banknotes in circulation was Rs 3.56 lakh crore. has decreased to Rs 7,961 crore as of April 30, 2024, at the end of business, according to a statement from the Reserve Bank.
As a result, as of May 19, 2023, 97.76 percent of the Rs 2,000 banknotes in circulation have been returned, the statement stated.
The Rs 2,000 bills are still accepted as legitimate money.
At 19 RBI locations nationwide, anyone can deposit and/or exchange Rs 2,000 banknotes. Additionally, through India Post, individuals can send two thousand rupees through any post office to any RBI Issue Office for credit. their Indian bank accounts.
The original request was for public and private entities in possession of these notes to exchange them or place them in bank accounts by September 30, 2023. Later, the deadline was moved until October 7, 2023. On October 7, 2023, deposit and exchange services were terminated at bank branches.
Beginning on October 8, 2023, people at the 19 RBI offices would have the option of exchanging the money or having the same amount credited to their bank accounts.
Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram are the 19 RBI offices that deposit and exchange bank notes.
November 2016 saw the introduction of the Rs 2,000 banknotes, which came after the The then-current Rs. 1,000 and Rs. 500 banknotes were demonetised.
My name is Nitesh kumar and i am a Engineer but i have passionate in blogging, so these website updates day to day publish in stocks news and ipo’s and business related news update.
“Stock24News.com is your premier source for real-time financial updates and market insights. Stay informed with our expert analysis and comprehensive coverage of global stock trends.”
Thanks for your visiting in stock24news.com