Breaking News
1. Massive fire at Varanasi railway station parking, over 200 vehicles gutted      2. First Sambhal, Then Ajmer: Ex-CJI Chandrachud Under Fire For ‘Opening Floodgates’ Of Survey Pleas      3. Chennai Airport Shut, Trains Hit As Cyclone Fengal Intensifies      4. 2nd Hindu Priest Arrested In Bangladesh Amid Protests: ISKCON Member      5. Man climbs mobile tower in Kota, threatens suicide over his tractor seizure      6. Body of 2-year-old, his grandmother recovered from river in Manipur      7. Bodies of six abducted in Jiribam found; Kerala CM and UDF leaders argue over BJP defection      8. Several flights, trains disrupted as Delhi covered in smog, visibility down      9. Delhi air quality: AQI at this Delhi station above 1500      10. Pawan Kalyan condemns deaths of 2 Hindu girls in Pakistan who faced ‘atrocities’      11. India not to travel to Pakistan for Champions Trophy, wants its matches in Dubai      12. India not to travel to Pakistan for Champions Trophy, wants its matches in Dubai      13. Samosas, cakes meant for Himachal Pradesh CM Sukhu served to his security staff instead; CID probe on      14. We remain undeterred: Australian outlet on Canada's ban after Jaishankar presser      15. 'We Are Here Only As Pilgrims, Do Our Work & Leave': CJI DY Chandrachud Bids Farewell To Supreme Court      16. PM Narendra Modi slams NC-Cong's Article 370 resolution: 'Conspiracy against Kashmir'      17. IPL Auction: James Anderson registers for first time      18. Sharda Sinha dies: Huma Qureshi, Manoj Bajpayee, and others grieve singer's death      19. Man shot in gang war outside Raipur jail, sparks outrage over security lapses      20. After MK Stalin, Udhayanidhi warns Vijay, TVK: Only DMK will win in 2026     

76% Of Rs 2,000 Notes Returned To Banks: RBI

  • Posted on July 3, 2023
  • News
  • By Ishna
  • 304 Views
RBI , TSW News, Latest News


In an intriguing revelation, the Reserve Bank of India (RBI) disclosed that a staggering 76% of the ₹2,000 notes in circulation have made their way back to banks. This significant portion primarily came through deposits, as per the central bank's statement on Monday.

76% Of Rs 2,000 Notes Returned To Banks
Image used for representational purpose only. | Photo Credit: Ragu R. Caption

To recall, on May 19, the RBI declared the withdrawal of the ₹2,000 notes from circulation, granting the public time until September 30 to either deposit these currency notes in their bank accounts or exchange them for other denominations.


The data compiled from banks revealed that the cumulative value of returned ₹2,000 bank notes amounted to ₹2.72 lakh crore by June 30, 2023, subsequent to the announcement made in May. Consequently, as of the close of business on June 30, the ₹2,000 bank notes remaining in circulation stood at ₹0.84 lakh crore, as confirmed by the central bank.

76% Of Rs 2,000 Notes Returned To Banks: RBI
The Reserve Bank of India (RBI) disclosed that a staggering 76% of the ₹2,000 notes

Analysis of the collected data from major banks unveiled that out of the total ₹2,000 banknotes returned, approximately 87% were in the form of deposits, while the remaining 13% had been exchanged for banknotes of other denominations.


This revelation underscores the substantial impact of the withdrawal announcement, leading to a significant reduction in the circulation of ₹2,000 notes, thereby reshaping the monetary landscape of the country.


For more updates keep visiting our website www.topstoriesworld.com where we provide unbiased, true and top stories of the world. 

Author
No Image
Ishna

You May Also Like