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Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
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97.87 Pc Of ₹2000 Banknotes Have Now Been Returned: RBI

OMMCOM NEWS by OMMCOM NEWS
July 1, 2024
in Business
2000 notes

Mumbai: The Reserve Bank of India (RBI) on Monday said that 97.87 per cent of the ₹2000 banknotes that were in circulation as of May 19, 2023, when their withdrawal was announced, have now been returned.

The total value of ₹2000 banknotes in circulation has declined to ₹7581 crore at the close of business on June 28, 2024, from ₹3.56 lakh crore at the close of business on May 19, 2023, according to the RBI’s latest update.

The facility for the exchange of the ₹2000 banknotes has been made available at the 19 Issue Offices of the Reserve Bank 1 since May 19, 2023.

From October 9, 2023, RBI Issue Offices are also accepting ₹2000 banknotes from individuals/entities for deposit into their bank accounts.

Further, members of the public are sending ₹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 ₹2000 banknotes continue to be legal tender.

(IANS)

Tags: Reserve Bank of India
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