Rs 2000 Note In Circulation

The Reserve Bank on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system, and only Rs 10,000 crore worth of such notes are still with the public.

The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks.

As much as 76 per cent of the Rs 2,000 notes in circulation have been returned to banks, mostly through deposits, the Reserve Bank of India said on Monday.

Amazon, earlier this week, made an announcement to allow customers to exchange their Rs. 2,000 notes. The Reserve Bank of India decided to withdraw all the Rs. 2,000 currency notes from circulation by September 30. According to the official statement by Amazon, the company will let customers top up their Amazon Pay balances using Rs. 2,000 notes du...

The Reserve Bank of India said today that 50 per cent of the Rs 2,000 notes in circulation have come back, around 20 days after their withdrawal was announced.

Since being shared, the post has amassed over 25,000 views and 281 likes on the social media platform.

PM Modi was not in favour of Rs 2,000 notes coming into circulation but reluctantly agreed to it after he was told that there was a lack of capacity to print smaller currency, said his ex top aide.

"Total value of these banknotes in circulation has declined from Rs 6.73 lakh crore at its peak as on March 31, 2018 (37.3% of Notes in Circulation) to Rs 3.62 lakh crore constituting only 10.8% of Notes in Circulation on March 31, 2023," RBI said.

The central bank will withdraw from circulation the high-value Rs 2,000 note, which was introduced in November 2016 just after demonetisation. People can exchange or deposit their Rs 2,000 notes between May 23 and September 30.

The Reserve Bank of India (RBI) will withdraw Rs 2,000 denomination banknotes that were in circulation since 2016. The central bank mentioned several reasons that influenced its decision to withdraw the currency notes.

The Reserve Bank of India is withdrawing the highest-value currency note just months before an election, when cash in circulation typically surges.

The Reserve Bank of India (RBI) on Friday announced that Rs 2,000 currency notes are being withdrawn from circulation. In a release, the central bank said that this is being done under its "Clean Note Policy".

The number of bank notes of Rs 2,000 denomination has steadily declined over the years to touch 214 crore or 1.6 per cent of the total currency notes in circulation at the end of March this year, according to RBI annual report.

Government has said that no fresh indent has been placed with currency printing presses for the Rs 2,000 denomination banknote from 2018-19 onwards

Rs 2,000 notes have not been printed in the last two years, the Finance Ministry said on Monday in parliament to a question on why the currency notes introduced after demonetization in 2016 were hardly in circulation now.

The Reserve Bank on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system, and only Rs 10,000 crore worth of such notes are still with the public.

The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks.

As much as 76 per cent of the Rs 2,000 notes in circulation have been returned to banks, mostly through deposits, the Reserve Bank of India said on Monday.

Amazon, earlier this week, made an announcement to allow customers to exchange their Rs. 2,000 notes. The Reserve Bank of India decided to withdraw all the Rs. 2,000 currency notes from circulation by September 30. According to the official statement by Amazon, the company will let customers top up their Amazon Pay balances using Rs. 2,000 notes du...

The Reserve Bank of India said today that 50 per cent of the Rs 2,000 notes in circulation have come back, around 20 days after their withdrawal was announced.

Since being shared, the post has amassed over 25,000 views and 281 likes on the social media platform.

PM Modi was not in favour of Rs 2,000 notes coming into circulation but reluctantly agreed to it after he was told that there was a lack of capacity to print smaller currency, said his ex top aide.

"Total value of these banknotes in circulation has declined from Rs 6.73 lakh crore at its peak as on March 31, 2018 (37.3% of Notes in Circulation) to Rs 3.62 lakh crore constituting only 10.8% of Notes in Circulation on March 31, 2023," RBI said.

The central bank will withdraw from circulation the high-value Rs 2,000 note, which was introduced in November 2016 just after demonetisation. People can exchange or deposit their Rs 2,000 notes between May 23 and September 30.

The Reserve Bank of India (RBI) will withdraw Rs 2,000 denomination banknotes that were in circulation since 2016. The central bank mentioned several reasons that influenced its decision to withdraw the currency notes.

The Reserve Bank of India is withdrawing the highest-value currency note just months before an election, when cash in circulation typically surges.

The Reserve Bank of India (RBI) on Friday announced that Rs 2,000 currency notes are being withdrawn from circulation. In a release, the central bank said that this is being done under its "Clean Note Policy".

The number of bank notes of Rs 2,000 denomination has steadily declined over the years to touch 214 crore or 1.6 per cent of the total currency notes in circulation at the end of March this year, according to RBI annual report.

Government has said that no fresh indent has been placed with currency printing presses for the Rs 2,000 denomination banknote from 2018-19 onwards

Rs 2,000 notes have not been printed in the last two years, the Finance Ministry said on Monday in parliament to a question on why the currency notes introduced after demonetization in 2016 were hardly in circulation now.