RBI says just INR 66.91 bln worth of INR 2,000 banknotes left in circulation
This story was originally published at 17:40 IST on 1 January 2025
Register to read our real-time news.Informist, Wednesday, Jan. 1, 2025
NEW DELHI – The total value of INR 2,000 banknotes in circulation has declined to INR 66.91 billion as of Tuesday, the Reserve Bank of India said in a release on Wednesday. When the central bank announced the withdrawal of the INR 2,000 banknotes on May 19, 2023, the total value of these notes in circulation was INR 3.56 trillion.
The RBI has received 98.12% of INR 2,000 notes in use as of Tuesday. The regulator gives periodic updates on the status of withdrawal of the notes. The banknotes could be deposited or exchanged at bank branches till Oct 7, 2023. Now, the facility is only open at the RBI's 19 issue offices nationwide. The 2,000-rupee notes continue to be legal tender, the RBI said. End
Reported by Shubham Rana
Edited by Deepshikha Bhardwaj
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
