The two,000 rupee notice stays authorized tender. (consultant)
New Delhi:
About ten months after the deadline for depositing or exchanging notes at financial institution branches, about 2.08 per cent, or Rs 7,409 crore, of the Rs 2,000 notes withdrawn are but to be returned to the RBI.
This primarily implies that 97.92% of the whole worth of high-denomination Rs 2,000 notes can be again within the banking system by the top of July 2024, the Reserve Financial institution of India stated in an replace on Thursday.
As of the shut of enterprise on Might 19, 2023, the Reserve Financial institution of India determined to withdraw the notice, and the whole worth of the two,000 rupee notes in circulation was 3.56 billion rupees.
The final day for the general public to alternate or deposit high-denomination Rs 2,000 notes in banks is October 7, 2023.
These 19 RBI issuing places of work are positioned in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Cha Mumbai, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram.
Individuals within the nation can ship Rs 2,000 notes via India Put up from any submit workplace to any RBI issuance workplace and deposit them into their financial institution accounts in India.
The two,000 rupee notice stays authorized tender.
The Rs 2,000 notice was launched in November 2016 primarily to rapidly meet the financial wants of the financial system after the authorized tender standing of all Rs 500 and Rs 1,000 notes in circulation on the time was withdrawn.
The goal of issuing Rs 2,000 notes can be achieved as soon as there are ample portions of notes of different denominations. Due to this fact, printing of two,000 rupee notes was stopped in 2018-19.
(Apart from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)
