93% of ₹2,000 notes in circulate returned: RBI


The entire price of ₹2,000 banknotes in circulate as on the shut of industrial on August 31, 2023 declined to ₹24,000 crore from ₹42,000 crore as at July 31, 2023, consistent with RBI.

Thus, 93 consistent with cent of those notes in circulate as on Would possibly 19, 2023, have been returned.

The entire price of ₹2,000 banknotes won again from circulate through banks is ₹3.32 lakh-crore as much as August 31, 2023, as consistent with newest central financial institution information.

“As a result, ₹2,000 banknotes in circulate as on the shut of industrial on August 31, 2023 stood at ₹0.24 lakh crore (or ₹24,000 crore). Thus, 93 consistent with cent of the ₹2,000 banknotes in circulate as on Would possibly 19, 2023, have since been returned,” consistent with a RBI remark.

Information gathered from main banks signifies that out of the entire banknotes in ₹2,000 denomination won again from circulate, about 87 consistent with cent is within the type of deposits and the remainder round 13 consistent with cent has been exchanged into different denomination banknotes, RBI mentioned.

RBI asked contributors of the general public to utilise the remainder duration till September 30, 2023 to deposit and/or change the ₹2,000 banknotes held with them.

Blank Notice Coverage

RBI had introduced the withdrawal of ₹2,000 banknotes on Would possibly 19, 2023, from circulate as those notes aren’t frequently used for transactions and the inventory of financial institution notes in different denominations remains to be ok to fulfill the foreign money requirement of the general public.

The central financial institution additionally mentioned the withdrawal is in pursuance of its “Blank Notice Coverage”.

The entire price of ₹2,000 banknotes in circulate, which amounted to ₹3.62 lakh crore on March 31, 2023 had declined to ₹3.56 lakh crore as on the shut of industrial on Would possibly 19, 2023.



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