88 Percent Of Rs 2,000 Notes Returned To The Banking System 

Mumbai/Hyderabad, Aug 1 (Maxim News):  The Reserve Bank of India on Tuesday said 88 percent of the Rs. 2,000 banknotes valued at Rs. 3.14 lakh crore have returned to the banking system after it announced the withdrawal of the high-value currency notes from circulations in May. 

According to the data received from banks, the RBI said the total value of Rs. 2,000 banknotes received back from circulation is Rs. 3.14 lakh crore up to July 31, 2023.  “consequently, Rs, 2,000 banknotes in circulation as at the close of business on July 31 stood at Rs. 0.42 lakh crore, ” the Central bank said in a statement. 

The total value of Rs. 2,000 banknotes in circulation, which amounted to Rs. 3.62 lakh crore on March 31, 2023, had declined to Rs. 3.56 lakh crore as at the close of business on May 19, 2023.

Out of the total banknotes in Rs. 2,000 denomination received back from circulation, about 87 percent came in the form of deposits and the remaining around 13 percent has been exchanged into other denomination banknotes.  

the Reserve Bank has urged the public to utilize the next two months to deposit and /or exchange the Rs. 2,000 banknotes held with them to avoid any rush in the last few days before September 30, 2023. (Maxim News) 


Next Story :

  • Telangana: DCA Cracks Down On Fake Drug Claims For Critical Illness

    Telangana: DCA Cracks Down On Fake Drug Claims For Critical Illness

    Hyderabad, Nov 22 (Maxim News): The Drug Control Administration (DCA), Telangana State seized several drugs that were circulating in the market with misleading claims of treating Cardiovascular disorders, blood pressure, Ophthalmic diseases/disorders, fevers, and diabetes, which is in contravention of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954, a DCA press release said.


  • Three Arrested For Practicing Allopathy In Telangana

    Three Arrested For Practicing Allopathy In Telangana

    Hyderabad, Nov 22 (Maxim News): The drug inspectors of Telangana State Drug Control Administration (TSDCA) conducted raids on the premises of three quacks (unqualified medical practitioners), who were practicing allopathy, at different locations in Telangana State and seized substantial stocks of medicines worth Rs. 83,000, stored illegally for sale.


  • Like Praja Palana Forms, Now Caste Survey Applications On Road

    Like Praja Palana Forms, Now Caste Survey Applications On Road

    Hyderabad, Nov 22 (Maxim News): The caste census survey applications have been found scattered again and this time near Tarnaka Metro station in the city on Friday. This is the second such incident being reported in the State.


  • Strict Action Against People Involved In Food Adulteration: Health Minister

    Strict Action Against People Involved In Food Adulteration: Health Minister

    Hyderabad, Nov 22 (Maxim News): Keeping in view that the cases of food poisoning incidents have recently increased in the state capital Hyderabad. Food Adulteration incidents are coming to light somewhere in the city every day. It is known that recently a woman died after eating momos, Minister for Medical, Health and Family Welfare Damodar Raja Narasimha has…


  • CM Revanth Reviews Ongoing Works For Telangana Talli Statue Installation

    CM Revanth Reviews Ongoing Works For Telangana Talli Statue Installation

    Hyderabad, Nov 22 (Maxim News): Chief Minister Revanth Reddy inspected the installation of the Telangana Talli Statue on the Secretariat premises. After greeting the laborers working there, the Chief Minister inquired about the work progress and other details.


Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe.  Click to follow Indtoday’s Facebook page and Twitter and Instagram. For all the latest Hyderabad News updates

Leave A Reply

Your email address will not be published.