₹2000 notes worth ₹9760 crores neither deposited nor exchanged: RBI

According to the Reserve Bank of India, no deposits or exchanges have been made for ₹2000 denomination notes, which are valued at ₹9760 crore. As of May 19, 2023, 97.26 percent of the banknotes in circulation had been deposited or exchanged, according to the statement.

On May 19 of this year, the Reserve Bank of India declared that banknotes with the denomination of ₹2000 would no longer be in circulation. On May 19, 2023, the notes totaled ₹3.56 lakh crore, according to the top bank. As of November 30, the value in circulation had fallen to ₹9760 crore.

“As of the close of business on November 30, 2023, the total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore as of May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, had decreased to ₹9,760 crore. Therefore, as of May 19, 2023, 97.26% of the ₹2000 banknotes that were in circulation have been returned, according to a release from the company.

The RBI had made it possible for the general public to deposit or exchange ₹2000 banknotes at any bank branch in the nation. The deadline was originally set for September 30, 2023, but it was later moved to October 7, 2023. ₹2000 notes were declared legal tender by the RBI.

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October 7 was the deadline for exchanging ₹2000 notes. At the RBI’s 19 offices, note exchange is still possible, though.