Rs 2000 notes withdrawal: 98% of notes deposited, Rs 6,691 crore price notes nonetheless with public, says RBI

NEW DELHI: The Reserve Financial institution of India (RBI) introduced on Wednesday that 98.12 % of the Rs 2,000 banknotes withdrawn from circulation have been returned to the banking system.
The apex financial institution revealed that as of December 31, 2024, solely Rs 6,691 crore price of Rs 2,000 notes stay with the general public, marking a pointy decline from the whole worth of Rs 3.56 lakh crore in circulation when the notes have been demonetised on Could 19, 2023.
“Thus, 98.12 per cent of the Rs 2000 banknotes in circulation as on Could 19, 2023, has since been returned,” RBI stated in an announcement, in line with information company PTI.
The ability to alternate or deposit the Rs 2,000 notes remained obtainable in any respect financial institution branches till October 7, 2023. Nevertheless, the choice continues to be open on the 19 concern places of work of the RBI, the place people and entities can deposit the notes into their financial institution accounts.
The RBI places of work have continued to simply accept Rs 2,000 notes for deposit, since October 9, 2023, with further provisions permitting the general public to ship the notes by way of India Put up to any of the RBI concern places of work for credit score to their accounts.
Regardless of the withdrawal from circulation, the Rs 2,000 notes stay authorized tender. The 19 RBI places of work accepting the notes are positioned in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram.
These Rs 2,000 banknotes have been first launched in November 2016, following the demonetisation of the Rs 1,000 and Rs 500 notes.