The central bank revealed that nearly 97.26% of these high-denomination notes have been successfully returned to the banking system. In a statement released earlier today, the RBI disclosed that as of November 30, 2023, only about ₹9,760 crore worth of ₹2,000 bank notes remain with the public. This marks a significant reduction from the ₹3.56 lakh crore in circulation as of May 19, 2023, when the withdrawal of ₹2,000 bank notes was announced.
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#2000BankNotes #2000Notes #RBI #RBIBankNotes
~HT.178~PR.151~ED.155~GR.121~
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NewsTranscript
00:00 India's Central Bank, the Reserve Bank of India, revealed that nearly 97.26 per cent
00:07 of Rs 2,000 high-denomination notes have been successfully returned to the banking system.
00:14 In a statement released earlier on Friday, the RBI disclosed that as of November 30,
00:20 2023, only about Rs 9,760 crore worth of Rs 2,000 banknotes remain with the public.
00:27 This marks a significant reduction from the Rs 3.56 lakh crore in circulation as of May
00:33 19, 2023, when the withdrawal of the Rs 2,000 banknotes was announced.
00:39 The RBI emphasised that despite the withdrawal, Rs 2,000 banknotes continue to be legal tender.
00:46 Individuals can still deposit or exchange these notes at any of the RBI offices across
00:51 the country.
00:52 Additionally, they have the option to send Rs 2,000 banknotes through India Post from
00:57 any post office to any RBI issue office for crediting to their bank accounts in India.
01:05 Initially, the public and entities were given a deadline of September 30 to exchange or
01:12 deposit the notes, but this was later extended to October 7.
01:16 Both deposit and exchange services at bank branches were discontinued on October 7.
01:22 From October 8 onwards, individuals have the choice of either exchanging the currency or
01:27 having the equivalent sum credited to their bank accounts at the designated RBI offices.
01:32 It's worth noting that despite the withdrawal, queues are still being witnessed during working
01:37 hours at the 19 RBI offices for the exchange or deposit of Rs 2,000 notes.
01:43 These offices are located in major cities including Ahmedabad, Bengaluru, Mumbai, New
01:47 Delhi and more.
01:52 The Rs 2,000 banknotes were initially introduced in November 2016 following the demonetisation
01:58 of the then prevailing Rs 1,000 and Rs 500 banknotes.
02:07 (upbeat music)