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76% of the total amount of Rs 2,000 notes in circulation were returned to banks: RBI

<p>As much as 76% of the entire supply of Rs 2,000 notes in circulation, according to the Reserve Bank of India (RBI), have been returned to banks.</p>
<p>The majority of these notes have been returned via deposits, according to a statement from the central bank.</p>
<p><img decoding=”async” class=”alignnone wp-image-56665″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/07/www.theindiaprint.com-76-of-the-total-amount-of-rs-2000-notes-in-circulation-were-returned-to-banks-rbi-download-2023-07-04t094553.719.jpg” alt=”” width=”1256″ height=”836″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/07/www.theindiaprint.com-76-of-the-total-amount-of-rs-2000-notes-in-circulation-were-returned-to-banks-rbi-download-2023-07-04t094553.719.jpg 275w, https://www.theindiaprint.com/wp-content/uploads/2023/07/www.theindiaprint.com-76-of-the-total-amount-of-rs-2000-notes-in-circulation-were-returned-to-banks-rbi-download-2023-07-04t094553.719-150×100.jpg 150w” sizes=”(max-width: 1256px) 100vw, 1256px” /><br />
“According to the data received from the banks, the total value of Rs 2,000 bank notes received back from circulation after the announcement on May 19 is Rs 2.72 lakh crore up to June 30, 2023,” the statement said.</p>
<p>As a result, the total value of Rs 2,000 bank notes in use as of June 30’s business closing was Rs 0.84 lakh crore.</p>
<p>According to the central bank’s announcement, 76% of the Rs 2,000 banknotes that were in use as of May 19 have already been returned.</p>
<p>According to information gathered from major banks, out of all the bank notes in the denomination of Rs 2,000 that were returned from circulation, around 87 percent were in the form of deposits, and the remaining 13 percent were swapped for notes in other denominations.</p>

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