On Monday, the Reserve Bank of India (RBI) announced that nearly all Rs 2,000 notes have been brought back to banks. Specifically, 98.08% of these notes have been returned, which means only about Rs 6,839 crore worth of Rs 2,000 notes are still held by the public.
On May 19, 2023, the RBI decided to stop using Rs 2,000 notes. Back then, there were about Rs 3.56 lakh crore in these notes. By November 29, 2024, that amount has dropped significantly to just Rs 6,839 crore.
People could deposit or exchange their Rs 2,000 notes at banks until October 7, 2023, but they can still do this at 19 RBI branches across the country. Since October 9, 2023, these RBI branches are also allowing individuals and businesses to deposit Rs 2,000 notes into their bank accounts.
Additionally, you can send Rs 2,000 notes via India Post from any post office to any RBI branch for deposit into your bank account. Remember, Rs 2,000 notes remain legal money!
The RBI branches for exchanging notes are located in cities like Ahmedabad, Bengaluru, Mumbai, and New Delhi, among others. These Rs 2,000 notes were first introduced in November 2016 after the government discontinued the old Rs 1,000 and Rs 500 notes
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