Thursday, June 20, 2024

97.69% of 2000 currency notes returned, but Rs 8,000 crore notes still with people: RBI | leader

Leader Online Desk : The Reserve Bank of India (RBI) on Monday gave important information regarding the Rs 2000 notes. It has been said that 97.69 percent of the notes have returned to the banking system. At the same time, it is said that only Rs 8,202 crore worth of currency notes are still with the people.

The Reserve Bank of India (RBI) said on March 28 that the facility for exchange and deposit of Rs 2,000 notes will be closed on April 1 at 19 issue offices of the RBI. It was said that the facility would not be available on this day due to the beginning of the financial year and pending works and new policies. However The facility will resume from April 2, RBI said in a press release.

The RBI had decided to demonetise the largest currency note in the country, the Rs 2000 note, on 19 May 2023. The total value of Rs 2,000 notes in circulation after this announcement is reported to be Rs 3.56 lakh crore on 19 May 2023. This decision was taken by the Reserve Bank of India under the Clean Note Policy. The deadline was given till October 7, 2023 to replace these two thousand rupee notes. These notes were allowed to be exchanged in all the banks of the country. Now the facility of returning these 2000 notes in general banks and other places is now closed. If anyone wants to exchange Rs 2000 notes, those notes will have to be sent to the Reserve Bank through post.

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