NEWS
Over 72% of withdrawn Rs 2,000 notes return to banks: Report
A month after RBI started the process of withdrawal of Rs 2,000 notes, over 72% of these have been either exchanged or deposited in banks.
A month after RBI started the process of withdrawal of Rs 2,000 notes, over 72% of these have been either exchanged or deposited in banks.
A month after the Reserve Bank of India (RBI) started the process of withdrawal of Rs 2,000 notes, over 72% of these high denomination currency notes have been either exchanged or deposited in banks.
This amounts to a total of Rs 2.62 lakh crore, CNBC TV18 reported, citing sources.
The value of the Rs 2,000 notes which need to be withdrawn is pegged at Rs 3.62 lakh crore.
The RBI has set 30 September 2023 as the deadline for the Rs 2,000 notes to be exchanged or deposited in banks. The exchange facility for Rs 2,000 currency notes started from 23 May.
