93% of Rs 2000 Banknotes in Circulation Returned to Banks Till August 31, 2023 | RBI
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- Last Updated on 2 September, 2023
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Press Release: 2023-2024/851, Dated: 01.09.2023
Earlier, RBI had announced the withdrawal of Rs 2000 banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which amounted to Rs 3.62 lakh crore on 31.03.2023 had declined to Rs 3.56 lakh crore as at the close of business on May 19, 2023. According to the data received from the banks, Rs 2000 banknotes in circulation as at the close of business on August 31, 2023 stood at Rs 0.24 lakh crore i.e., 93% of banknotes in circulation returned to banks till 31.08.2023.
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