Delhi/Hyderabad, Aug 18 (Maxim News) Only 1,69 per cent of the Rs. 2,000 banknotes were yet to be returned to the Reserve Bank of India (RBI) from circulation (as on july 31), the parliament was informed on Monday.
As per the Reserve Bank of India (RBI), the total value of Rs. 2,000 banknotes in circulation, which was Rs. 3.56 lakh crore at the close of business on May 19, 2023, has declined to Rs. 6,017 crore as on July 31.
Before undertaking the exercise of withdrawal of Rs. 2,000 banknotes, it was ensured that sufficient buffer stock of cash was available with banks across the country to meet the exchange withdrawal requirements.
The same was augmented through regular supply of cash to various banks located across the country, Minister of State for Finance, Pankaj Chaudhary, said in a written reply to a question in Lok Sabha.
“In view of the above, and in pursuance of the ‘clean Note Policy’ of the Reserve Bank of India, it was decided to withdraw the Rs. 2,000 denomination banknotes from circulation on may 19, 2023, he added. (Maxim News)
Next Story:
Hyderabad Police Arrest Two in ATM Attention Diversion Fraud Cases
Hyderabad ATM fraud case solved as Narayanguda Police arrest two accused who used fake GPay payment screens to cheat ATM users.
Marijuana Seized At Shamshabad Airport, Woman Arrested
Marijuana seized at Shamshabad Airport as customs officials arrest woman and police nab four in Sangareddy with ganja.
Kishan Reddy Targets Opposition Over Delimitation Debate
Kishan Reddy delimitation remarks accuse Congress, BRS and AIMIM of misleading people on key Parliament bills.
Tejasvi Surya Would Apologize Unconditionally: KTR
Hyderabad, April 17 (Maxim News): As the Parliament witnessed, the Bharatiya Janata Party Tejasvi Surya have once again shown their hatred for the formation of Telangana state, and BRS Working President KTR has strongly condemned the fact that the party leaders have no respect for the existence of Telangana. He said that comparing the formation…
Massive Protests Erupt in Hyderabad Schools Over Fee Hike; Parents Demand Government Intervention
Hyderabad, April 17: Parents across Hyderabad staged strong protests against steep fee hikes and additional charges imposed by private schools, alleging financial burden and lack of transparency by school managements. https://youtu.be/rQxVfvqy_yc At Hyderabad Public School, Ramanthapur, parents gathered in large numbers and protested in front of the school, demanding justice over increased fees. Similar protests…
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, Twitter, and Instagram. For all the latest Hyderabad News updates
