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 :
-
Man Held For Smuggling PDS Rice From Mancherial To Maharashtra
![Man Held For Smuggling PDS Rice From Mancherial To Maharashtra]()
Mancherial/Hyderabad, Nov 5 (Maxim News): A person was arrested by sleuths of Ramagundam commissionerate’s task force team for allegedly smuggling rice meant for the Public Distribution System (PDS) in Mandamarri on Tuesday. A trolley and 7 quintals of rice grains were seized from his possession.
-
Man Held For Providing Bank Account To Fraudsters In Rs. 2.92 Cr Online Scam
![Man Held For Providing Bank Account To Fraudsters In Rs. 2.92 Cr Online Scam]()
Hyderabad, Nov 5 (Maxim News): The Cyberabad police arrested a man who had provided his bank account to cyber fraudsters who used it to dupe a man of Rs. 2.92 crore on the pretext of providing huge profits on investment in various businesses.
-
Cyberabad Police Arrest Man In Rs. 1.37 Cr ‘Digital Arrest’ Fraud Case
![Cyberabad Police Arrest Man In Rs. 1.37 Cr ‘Digital Arrest’ Fraud Case]()
Hyderabad, Nov 5 (Maxim News): The Cyberabad police arrested a man for his alleged involvement in a ‘digital arrest’ fraud case.
-
Canada Temple Attack: Pawan Kalyan Calls For Action
![Canada Temple Attack: Pawan Kalyan Calls For Action]()
Amaravathi/Hyderabad, Nov 5 (Maxim News): Describing the attack on a Hindu temple in Canada as “more than an isolated incident.” Andhra Pradesh Deputy Chief Minister Pawan Kalyan has said the incident pained him reply and expressed hope that the Canadian government would take necessary steps to ensure the safety of the Hindu community there.
-
Woman Gang-Raped In Hyderabad
![Woman Gang-Raped In Hyderabad]()
Hyderabad, Nov 5 (Maxim News): A woman was gang-raped by thugs in Maduranagar area of the city. The victim complained to the police that three youths raped her. In the complaint, it is said that she was taken away after telling lies while coming from work.
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
