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 Rs 3.56 lakh crore on May 19, 2023, the central bank said.
"98 per cent of the Rs 2000 banknotes in circulation as of 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 by 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 credit into bank accounts.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
On Camera, Murder Attempt Goes Wrong, Trinamool Leader Chases Shooter
Bank Holiday On Chhath: Banks To Close For 4 Days In These States RBI Ready To Counter Rupee Slide, Fund Outflow Post-US Election: Sources Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator "We Ran Out Of Missiles": US Fighter Pilots Recall Iran's Attack On Israel 10-Crore Lawsuit Over 3-Second Clip? What's Behind Nayanthara-Dhanush Spat US To India In 30 Minutes? Elon Musk Discusses Future Of Ultra-Fast Travel Family Claims Dead Man's Eye Taken Out In Bihar Hospital, Doctors Blame Rats Video: Man Finds Insects In Sambhar On Vande Bharat Train, Railways Reacts GAIL Hiring For 261 Positions, Salary Up To Rs 1.80 Lakh/Month Track Latest News Live on NDTV.com and get news updates from India and around the world.