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The Reserve Bank of India (RBI) reported that just Rs 9,760 crore worth of Rs 2,000 denomination banknotes are still in circulation after banks received 97.26% of them. On May 19, the RBI declared the removal of banknotes with a denomination of Rs 2,000 from circulation.
The Reserve Bank of India (RBI) reported that just Rs 9,760 crore worth of Rs 2,000 denomination banknotes are still in circulation after banks received 97.26% of them. On May 19, the RBI declared the removal of banknotes with a denomination of Rs 2,000 from circulation. When the announcement of the withdrawal of Rs 2,000 banknotes was made on May 19, 2023, the total value of Rs 2,000 banknotes in circulation was Rs 3.56 lakh crore. As of November 30, 2023, the value had decreased to Rs 9,760 crore. As a result, 97.26% of the Rs 2,000 banknotes that were in use on May 19, 2023, have been replaced, according to the RBI.
