Hyderabad, Nov. 2 (Maxim News) : The Reserve Bank of India (RBI) said ₹2,000 denomination notes worth ₹5,817 crore have not yet returned to the banking system.
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Despite the withdrawal of the high-value notes from circulation, a small portion remains unaccounted for, according to the central bank’s latest data released on Saturday.
Majority of ₹2,000 Notes Returned
RBI stated that as of May 19, 2023, ₹2,000 notes amounting to ₹3.56 lakh crore were in circulation. By October 31, 2024, 98.37 percent of these notes had been returned, leaving only ₹5,817 crore still in use.
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The central bank clarified that the withdrawal process was largely complete, with minimal notes yet to be deposited.
The RBI noted that citizens can still exchange or deposit the remaining ₹2,000 notes at any of its 19 regional offices.
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Those unable to visit in person can send their notes through India Post to deposit them into their bank accounts.
The central bank reaffirmed that the ₹2,000 notes remain legal tender until further notice, but encouraged holders to complete exchanges promptly. (Maxim News)
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