The Reserve Bank of India (RBI) on Monday said 97.87 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,581 crore worth of the withdrawn notes are still with the public.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, has declined to Rs 7,581 crore at the close of business on June 28, 2024.
"Thus, 97.87 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," the central bank 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, 2023.
From October 9, 2023, RBI issue offices are also accepting Rs 2000 banknotes from individuals and entities for deposit into their bank accounts.
Further, members of the public are sending Rs 2000 banknotes through India Post from any post office within the country to any of the RBI issue offices for credit to their bank accounts.
The 19 RBI offices depositing/exchanging the banknotes are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram.
The Rs 2000 banknotes were introduced in November 2016, following the demonetisation of the then-prevailing Rs 1000 and Rs 500 banknotes.
(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
Shah Rukh Khan, Gauri And Suhana's Famjam At AbRam's School Event
Spiritual Preacher Jaya Kishori Faces Backlash For Flaunting Luxury Dior Bag Worth Rs 2 Lakh 97.96% Rs 2,000 Notes Returned, Rs 7,261 Crore Worth Notes Still With Public Rs 175 Crore, 6 Bank Accounts: 2 Arrested Over Cyber Fraud In Telangana Gas Leak, Then Blast: CCTV Shows Moments After Jaipur Crash That Killed 11 Atul Subhash's Mother Goes To Top Court For 4-Year-Old Grandson's Custody 11 Dead, Many Critical In Jaipur Fire As 2 Trucks Collide Outside Petrol Pump Scientists May Have Finally Figured Why Stonehenge Was Built Number Of Gas Leak Incidents More Than Doubled In Last Decade: Centre Putin Was Asked If He "Took Care" Of Russia In 25-Year Rule. His Reply Track Latest News Live on NDTV.com and get news updates from India and around the world.