Bank returned 76 percent of 2000 notes, instead of exchanging, most people deposited in the account
The Reserve Bank of India on Monday said that more than 76 percent of the Rs 2,000 notes in circulation have reached the country's banks. The Reserve Bank of India said that as per the data received from banks, the total value of Rs 2000 banknotes withdrawn from circulation after the announcement on May 19 is Rs 2.72 lakh crore till June 30, 2023.
![Bank returned 76 percent of 2000 notes, instead of exchanging, most people deposited in the account](https://www.sangritoday.com/uploads/images/2023/07/image_750x_64a2bc957523e.jpg)
Recently, on May 19, the RBI announced that Rs 2000 notes would be discontinued. In such a situation, in the first few days, there was an atmosphere of chaos regarding this. However, the situation almost returned to normal after two-three days of this announcement. The Reserve Bank of India has given new information regarding this, let's know about it.
The Reserve Bank of India on Monday said that more than 76 percent of the Rs 2,000 notes in circulation have reached the country's banks. Most of this amount has come back to banks through deposits, RBI said. As told to you that on May 19, the RBI announced the withdrawal of Rs 2,000 notes from circulation and gave the public time till September 30 to deposit these notes in their bank accounts or get them exchanged. After this announcement by RBI, it seems that the work of note withdrawal is almost complete.
The Reserve Bank of India said that as per data received from banks, the total value of Rs 2,000 banknotes withdrawn from circulation after the announcement on May 19 is Rs 2.72 lakh crore till June 30, 2023. "As a result, Rs 2,000 banknotes in circulation at the close of business on June 30 were Rs 0.84 lakh crore," the central bank said in a statement. Thus, by May 19, 2023, 76 percent of the Rs 2,000 banknotes in circulation have been returned.
RBI further said that data collected from major banks shows that out of a total of Rs 2000 denomination banknotes withdrawn from circulation, around 87 percent came in the form of deposits and the remaining around 13 percent in other denomination banknotes. has been changed to