Rs 2000 Notes Worth Rs 5,884 Crore Still In Circulation, Says RBI

Rs 2000 Notes Worth Rs 5,884 Crore Still In Circulation, Says RBI

The high-value Rs 2000 notes worth Rs 5,884 crore are still in circulation, according to official data released on Wednesday.

Rs 2,000 Notes: Billions Still in Use After Withdrawal, Reveals RBI

The Reserve Bank of India (RBI) has reported that Rs 2,000 notes valued at Rs 5,884 crore are still circulating, according to the latest data released on October 1. The RBI withdrew the Rs 2,000 notes from circulation on May 19, 2023, but they remain legal tender. The RBI’s data shows a substantial reduction in the total value of these notes, which was Rs 3.56 lakh crore on May 19, 2023, and has now fallen to Rs 5,884 crore as of September 30, 2…

RBI Says Rs 2,000 Notes Value Rs 5,884 Crore Nonetheless In Circulation

The ability for folks to alternate the Rs 2,000 banknotes has been obtainable on the 19 Concern Places of work of the RBI since Could 19, 2023. RBI Points Officer additionally began accepting Rs 2,000 banknotes from people or entiters to deposit into their financial institution accounts, since Oct. 9 2023. “Additional, members of the general public are sending Rs 2,000 banknotes by way of India Publish from any put up workplace inside the nation…

RBI Says Rs 2,000 Notes Worth Rs 5,884 Crore Still In Circulation

The Reserve Bank of India (RBI) announced that Rs 5,884 crore worth of Rs 2,000 banknotes are still in circulation, via a press release from the organisation on Wednesday. The announcement that banknotes were to be withdrawn from circulation was made by the RBI on May 19, 2023.