Image Source : PTI The image has been used for representative purposes only.
The Reserve Bank of India on Friday stated that 97.26 per cent of the Rs 2,000 banknotes have been returned to the baking system. It further said the Rs 2,000 notes, which were in circulation till May 19 this year, continue to be legal tender.
The central bank also said that about 2.7 per cent of Rs 2,000 banknotes are still in circulation, about two months after the deadline to deposit or exchange them at bank branches is over. The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was October 7.
“The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023, the date on which RBI decided to withdraw the banknote. As of November 30, it was at Rs 9,760 crore,” the RBI said in a release.
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