The entire worth of ₹2,000 banknotes in circulation, which was ₹3.56-lakh crore on the shut of enterprise on Could 19, 2023, when the withdrawal of ₹2,000 banknotes was introduced, has declined to ₹7,755 crore on the shut of enterprise on Could 31, 2024, per a central financial institution assertion.
The central financial institution emphasised that ₹2,000 banknotes proceed to be authorized tender.
The central financial institution stated the ability for deposit and / or alternate of the ₹2,000 banknotes was accessible in any respect financial institution branches within the nation as much as October 7, 2023.
The power for alternate of the ₹2,000 banknotes is on the market at RBI’s 19 situation workplaces since Could 19, 2023.
From October 09, 2023, RBI Challenge Places of work are additionally accepting ₹2000 banknotes from people / entities for deposit into their financial institution accounts.
Additional, members of the general public are sending ₹2,000 banknotes by way of India Submit from any put up workplace throughout the nation, to any of the RBI Challenge Places of work for credit score to their financial institution accounts.
The central financial institution had introduced the withdrawal of ₹2,000 banknotes on Could 19, 2023, from circulation as these notes weren’t generally used for transactions and the inventory of banknotes in different denominations continues to be sufficient to satisfy the foreign money requirement of the general public.
Then, RBI additionally stated the withdrawal is in pursuance of its “Clear Word Coverage”.
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