RBI enterprise information: The Reserve Financial institution of India (RBI) at this time (March 1) stated almost 97.62 per cent of the Rs 2,000 financial institution notes have returned to the banking system, and solely about Rs 8,470 crore price of the withdrawn notes are nonetheless with the general public. On Could 19, 2023 (final yr), the RBI introduced the withdrawal of Rs 2,000 denomination financial institution notes from circulation.
“The full worth of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore on the shut of enterprise on Could 19, 2023, when the withdrawal of Rs 2,000 banknotes was introduced, has declined to Rs 8,470 crore on the shut of enterprise on February 29, 2024,” the RBI stated in a press release.
Thus, 97.62 per cent of the Rs 2,000 banknotes in circulation as of Could 19, 2023, have since been returned, it added.
“The Rs 2,000 banknotes proceed to be authorized tender,” the RBI added.
Individuals can deposit, or alternate Rs 2,000 financial institution notes on the 19 RBI places of work throughout the nation. Individuals also can ship Rs 2,000 financial institution notes by means of India Submit from any publish workplace to any of the RBI Difficulty Workplaces for credit score to their financial institution accounts in India.
Public and entities holding such notes had been initially requested to both alternate or deposit them in financial institution accounts by September 30, 2023. The deadline was later prolonged to October 7, 2023. Deposit and alternate companies at financial institution branches had been discontinued on October 7, 2023. Beginning October 8, 2023, people have been supplied with the selection of both exchanging the foreign money or having the equal sum credited to their financial institution accounts on the 19 places of work of the RBI.
The 19 RBI places of work depositing/exchanging the financial institution notes are in-
- Ahmedabad
- Bengaluru
- Belapur
- Bhopal
- Bhubaneswar
- Chandigarh
- Chennai
- Guwahati
- Hyderabad
- Jaipur
- Jammu
- Kanpur
- Kolkata
- Lucknow
- Mumbai
- Nagpur
- New Delhi
- Patna
- Thiruvananthapuram
The Rs 2,000 financial institution notes had been launched in November 2016, following the demonetisation of the then-prevailing Rs 1,000 and Rs 500 financial institution notes.
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