Whole worth of Rs 2000 banknotes in circulation declined to Rs 8470 crore – Occasions of India

NEW DELHI: The entire worth of Rs 2000 notes in circulation has been declined to Rs 8470 crore on the shut of enterprise on February 29, 2024 after the central financial institution introduced the withdrawal of Rs 2000 denomination banknotes from circulation on Might 19, 2023.
It is a vital lower from the preliminary complete worth of Rs 3.56 lakh crore on Might 19, 2023, when the withdrawal was introduced.The rbi acknowledged that 97.6 % of the Rs 2000 banknotes in circulation as of Might 19, 2023, have been returned.
The RBI has offered services for the change and deposit of Rs 2000 banknotes. Since Might 19, 2023, people and entities can change their Rs 2000 banknotes on the 19 Challenge Places of work of the RBI.
Moreover, from October 09, 2023, RBI Challenge Places of work are accepting Rs 2000 banknotes for deposit into financial institution accounts. The general public can even ship Rs 2000 banknotes by India Submit from any submit workplace within the nation to any of the RBI Challenge Places of work for credit score to their financial institution accounts.
Rs 2000 banknotes proceed to be authorized tender, as acknowledged by the RBI.